Investing.com | Jul 30, 2020 13:04
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.
Written By: Investing.com
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