Stocks – Apple, AMD, Boeing Surge in Premarket, AT&T, Amgen Drop

imageStock MarketsJan 30, 2019 08:18AM ET – Stocks in focus in premarket trade Wednesday:

o Apple (NASDAQ:AAPL) stock jumped 4.62% by 8:13 AM ET (13:13 GMT) as an increase in services revenue outweighed a mixed earnings report for its fiscal first quarter. Additionally, Chief Executive Tim Cook revealed that the company plans to cut some iPhone prices in foreign countries to counteract the strong dollar artificially inflating prices outside the U.S.

o AMD (NASDAQ:AMD) stock soared 9.40% after the company reported record growth in data center sales and forecast better-than-expected fiscal 2019 revenue.

o Boeing (NYSE:BA) stock surged 5.91% after the company reported record fourth-quarter revenue and profit that beat analysts’ expectations and provided upbeat full-year guidance.

o AT&T (NYSE:T) stock sank 2.64% on disappointing subscriber numbers in the company’s quarterly report, and comments by CEO Randall Stephenson that the company would focus on cutting debt this year rather than growing the business.

o McDonald’s (NYSE:MCD) stock inched up 0.07% after the company reported better-than-expected quarterly profit but missed on same-store sales in the U.S.

o Intel (NASDAQ:INTC) stock dipped 0.24% as Israeli media reported that the company had bid up to $6 billion to acquire Mellanox. Separately, the Israeli Economy Ministry said Intel had committed to buy around $4 billion of the country’s products and services in the next 6 years as part of plans to expand locally.

o Amgen (NASDAQ:AMGN) stock fell 2.35% after reporting weak guidance for 2019.

o EBay Inc (NASDAQ:EBAY) stock dropped 0.42% as investors weighed its first-ever dividend against a weak forecast for current-quarter revenue.

o Ford (NYSE:F) stock lost 0.80% as sales at its joint venture in China tumbled more than 50%, according to the Financial Times.

o Stryker (NYSE:SYK) stock jumped 6.51% after fourth-quarter revenue beat estimates.

o Align Technology (NASDAQ:ALGN) stock tumbled 6.66% as its profit forecast for 2019 missed analysts’ estimates.

Stocks – Apple, AMD, Boeing Surge in Premarket, AT&T, Amgen Drop

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