Stocks - Qualcomm, PayPal Rise Premarket; ConocoPhillips Falls

Stocks - Qualcomm, PayPal Rise Premarket; ConocoPhillips Falls

Investing.com  | Jul 30, 2020 13:04

Stocks - Qualcomm, PayPal Rise Premarket; ConocoPhillips Falls

By Peter Nurse 

Investing.com -- Stocks in focus in premarket trade on Thursday, July 30th. Please refresh for updates.

  • Qualcomm (NASDAQ:QCOM) stock soared over 11% after the company reported better than expected fiscal third-quarter earnings and announced a long-term patent agreement with Huawei, as well as a $1.8 settlement over past licensing fee claims.

  • PayPal (NASDAQ:PYPL)stock rose 2.9% after the Covid-19 pandemic prompted a surge in digital payments on its platform in the second quarter.

  • ConocoPhillips (NYSE:COP) stock fell 3.3% after the oil and gas producer reported a wider-than-expected loss in the second quarter, hit by the sharp drop in the price of oil and the coronavirus-inspired travel lockdowns.

  • Qorvo (NASDAQ:QRVO) stock climbed 4.5% after the semiconductor company managed to grow revenues, helped by 5G spending,  when consensus expected a decline.

  • Procter & Gamble (NYSE:PG) stock rose 1.4% after the company reported strong fourth quarterly revenue growth as consumers sought out cleaning products in the wake of the coronavirus. It also promised some $15 billion in shareholder returns over the next 12 months.

  • Johnson & Johnson (NYSE:JNJ) stock rose 1.9% after the company’s Covid-19 vaccine candidate showed positive results in a study involving non-human primates.

  • United Parcel Service (NYSE:UPS) stock rose 11% after the delivery giant reported strong second-quarter revenue numbers, helped by a surge in residential demand and health care shipments.

  • AstraZeneca ADR (NYSE:AZN) rose 2.2% after the U.K.-based pharmaceuticals giant reported that second-quarter net profit surged, as it managed to avoid the sales declines suffered by other big pharma companies in the second quarter due to hospital disruptions. 

  • Anheuser Busch Inbev (BR:ABI) ADR (NYSE:BUD) rose 4.1% after beer sales ticked higher in the quarter as bars reopened and drinkers returned.

  • Kraft Heinz (NASDAQ:KHC) stock rose 1.4% after the food giant reported strong sales growth in the second quarter, but took a $3 billion charge to write down the value of several businesses.

Related News

Latest comments

Add a Comment
Please wait a minute before you try to comment again.
Discussion
Write a reply...
Please wait a minute before you try to comment again.

Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

English (USA) English (India) English (Canada) English (Australia) English (South Africa) English (Philippines) English (Nigeria) Deutsch Español (España) Español (México) Français Italiano Nederlands Português (Portugal) Polski Português (Brasil) Русский Türkçe ‏العربية‏ Ελληνικά Svenska Suomi עברית 日本語 한국어 简体中文 繁體中文 Bahasa Indonesia Bahasa Melayu ไทย Tiếng Việt हिंदी
Sign out
Are you sure you want to sign out?
NoYes
CancelYes
Saving Changes

+

Download the Investing.com App

Get free real time quotes, charts and alerts on stocks, indices, currencies, commodities and bonds. Get free top of the line technical analysis/predictors.

Investing.com is better on the App!

More content, faster quotes and charts, and a smoother experience is available only on the App.

';