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Midday movers: Qualcomm, PayPal, DoorDash, Moderna and more

Investing.com -- U.S. stocks were rebounding on Thursday, with investors getting set for earnings reports from tech giants Apple (NASDAQ:AAPL) and Amazon (NASDAQ:AMZN).

Here are some of the biggest U.S. stock movers today:

  • Qualcomm (NASDAQ:QCOM) stock fell 8.9% after the chipmaker reported underwhelming guidance for the current quarter after delivering mixed third quarter results as revenue fell short of estimates amid a softer smartphone demand.

  • PayPal (NASDAQ:PYPL) stock fell 10% after the digital payments firm reported weak margins for the second quarter that overshadowed a strong outlook.
  • DoorDash (NYSE:DASH) stock rose about 2% after the food delivery firm raised its annual core profit forecast and posted an upbeat quarterly revenue as groceries and food orders jumped.

  • Moderna (NASDAQ:MRNA) stock rose 0.3% after the drugmaker reported better-than-expected revenue in the second quarter despite falling steeply due to weaker post-pandemic demand for its COVID-19 vaccine.

  • Hasbro (NASDAQ:HAS) stock rose 2.6% after the toymaker beat second quarter revenue estimates. That said, it also cut its full-year revenue forecast as its entertainment segment is expected to take a hit from the ongoing writers’ strike.

  • Warner Bros. Discovery (NASDAQ:WBD) stock rose 1.7 % after the entertainment giant posted higher-than-expected core profit in the second quarter, as subscriber growth at its HBO Max streaming service boosted advertising revenues.

  • Regeneron (NASDAQ:REGN) stock rose 6.4% after the pharmaceutical beat quarterly profit estimate, driven by strong demand for eczema treatment Dupixent.

  • Roku (NASDAQ:ROKU) stock fell 1.9% after Citigroup downgraded its stance on the video streaming company to ‘neutral’ from ‘buy’, saying most potential growth is already factored into the stock price.

-- Peter Nurse contributed to this report

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.