1 month ago
Stock Market

Stocks - NVIDIA Jumps in Premarket, Pepsi Rises, Applied Materials, Oracle Decline

Investing.com - Stocks in focus in premarket trade Friday: • NVIDIA stock (NASDAQ:NVDA) jumped 6.22% by 8:06 AM ET (13:06 GMT)

Investing.com - Stocks in focus in premarket trade Friday:

• NVIDIA stock (NASDAQ:NVDA) jumped 6.22% by 8:06 AM ET (13:06 GMT) after the company forecast better-than-expected sales for its current fiscal year.

• Applied Materials (NASDAQ:AMAT) stock lost 1.77% after the company forecast second-quarter profit and revenue below market expectations.

• PepsiCo (NASDAQ:PEP) stock gained 2.36% as an increased dividend appeared to outweigh a forecast for a decline in profit this year.

• Deere (NYSE:DE) stock sank 4.25% after the company’s quarterly profit missed expectations as farmers put off purchases of machinery amid the ongoing uncertainty over trade with China.

• CBS (NYSE:CBS) stock declined 2.04% as quarterly results missed on the top and bottom lines.

• Caesars Entertainment (NASDAQ:CZR) stock soared 6.38% after The Wall Street Journal reported that activist investor Carl Icahn plans to push the management of the company to seek a sale.

• Oracle (NYSE:ORCL) fell 1.07% after Warren Buffett’s Berkshire Hathaway (NYSE:BRKa) informed the U.S. Security and Exchange Commission that it had sold its entire stake in the company. Buffett's company has also reduced its stake in Apple (NASDAQ:AAPL)

• Newell Brands (NASDAQ:NWL) stock tumbled 7.01% after the company’s outlook for earnings and sales missed forecasts.

• Truecar (NASDAQ:TRUE) stock dove 19.92% after the company reported worse-than-expected quarterly results and provided a weak outlook.

• Achaogen (NASDAQ:AKAO) stock crashed 37.11% after it proposed a secondary public offering of its common stock.