Stocks making the biggest moves in the primary markets: Robinhood, Amazon, Apple, Roku, and more 2022-04-29 07:16:14


Vlad Tenev, CEO and Co-founder of Robinhood Markets, Inc. On screen during his company’s IPO at the Nasdaq market site in Times Square in New York City, US, July 29, 2021.

Brendan McDermid | Reuters

Check out which companies are making the headlines in pre-market trading on Friday.

apple Apple’s stock price fell 2% after Chief Financial Officer Luca Maestri said supply chain problems would hurt third-quarter sales by up to $8 billion. However, many Wall Street analysts remained positive about the company after its latest earnings report that beat expectations. One analyst said Any weakness in the stock is a buying opportunity.

Amazon Shares fell more than 9% after Amazon revealed weaker-than-expected revenue guidance for the second quarter. The tech giant also posted a $7.6 billion loss on its investment in Rivian, which lost more than half its value in the quarter.

Rocco Roku shares rose more than 4% after the digital media player maker on Thursday reported better-than-expected fourth-quarter sales. Roku recorded revenue of $733.7 million. Analysts polled by Refinitiv expected $718 million.

Intel Corporation Shares tumbled more than 3% after Intel issued weak guidance for its fiscal second quarter, overshadowing it. Stronger than expected earnings for the previous quarter.

Robinhood – Retail brokerage stock fell about 10% after the first quarter report that showed Decreased revenue and monthly active users. CEO Vlad Tenev said the company sees its customers with smaller accounts trading less when the market is down.

Ali BabaAnd BinduduAnd Baidu – Chinese technology stocks rose after the country’s policy makers indicated an easing of the crackdown on technology companies. Alibaba stock surged more than 10%, Pinduoduo stock jumped 15% and Baidu jumped more than 8%.

Bristol-Myers Squibb Biological Pharmaceuticals stock fell 1.5% despite the earnings report that beat expectations. On Friday, Bristol-Myers Squibb revealed that it earned $1.96 per share on revenue of $11.65 billion. The company was expected to earn $1.91 per share on revenue of $11.36 billion, according to Refinitiv.

Honeywell International Shares jumped 2% after Honeywell reported better-than-expected earnings. Honeywell reported earnings of $1.91 per share on revenue of $8.38 billion. Meanwhile, analysts surveyed by Refinitiv expected earnings of $1.86 per share on revenue of $8.29 billion.

chevron – Shares fell 1% even after Chevron reported better-than-expected results for the previous quarter. Chevron reported earnings per share of $3.36 per share on revenue of $54.37 billion. Analysts polled by Refinitiv expected earnings of $3.27 per share and revenue of $47.94 billion.

ExxonMobil ExxonMobil’s stock price fell 1% after the oil and gas company reported weaker-than-expected quarterly results. The energy company earned $2.07 per share, below Refinitiv’s estimate of $2.12 earnings per share. ExxonMobil reported revenue of $90.5 billion, compared to Refinitiv’s forecast of $92.7 billion.

CNBC’s Hana Miu and Jesse Pound contributed to the report.