By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Friday, January 20th. Please refresh for updates.
Netflix (NASDAQ:NFLX) stock rose 7.1% after the streaming giant said that fourth quarter global streaming paid net additions grew 7.66 million, well ahead of its 4.5M estimate, driven primarily by the success of its content slate in the quarter.
Alphabet (NASDAQ:GOOGL) stock rose 3.8% after the Google parent said it will cut 12,000 jobs, spread across the group's business lines and geographies, in an effort to restore profitability as its growth slows.
Nordstrom (NYSE:JWN) stock fell 6.9% after the clothing retailer cut its annual profit forecast after heavy discounting during the festive period failed to draw sufficient customers in.
Costco (NASDAQ:COST) stock rose 1% after the warehouse retailer said its board reauthorized a stock repurchase program of up to $4B through January 2027.
Regeneron (NASDAQ:REGN) stock rose 1.1% after JPMorgan upgraded its stance on the biotech company to ‘overweight’ from ‘neutral’, seeing nearly 20% upside.
Schlumberger (NYSE:SLB) stock rose 1.7% after the oilfield firm beat expectations for fourth quarter profit, driven by strong demand for drilling services and equipment from operators as oil and gas prices remained elevated amid tight supplies.
Ericsson (NASDAQ:ERIC) ADRs fell 4.1% after the Swedish telecommunications company reported smaller than expected fourth quarter operating income, as carriers in developed markets like the United States pulled back on capital expenditures.
Begin trading today! Create an account by completing our form
At One Financial Markets we are committed to safeguarding your privacy.
Please see our Privacy Policy for details about what information is collected from you and why it is collected. We do not sell your information or use it other than as described in the Policy.
Please note that it is in our legitimate business interest to send you certain marketing emails from time to time. However, if you would prefer not to receive these you can opt-out by ticking the box below.
Alternatively, you can use the unsubscribe link at the bottom of the Demo account confirmation email or any subsequent emails we send.
By completing the form and downloading the platform you agree with the use of your personal information as detailed in the Policy.