(Updated with index futures, Altice USA, Pfizer/BioNTech, Coinbase Global, Starbucks fore quotes, GoPro, PayPal, Warner Bros Discovery)
PARIS, Nov 4 (Reuters) – Top stocks to watch on Friday on Wall Street, where major index futures suggest an opening up 0.61% for the Dow Jones, 0.62% for the Standard & Poor’s 500 and 0.57% for the Nasdaq:
* STARBUCKS reported like-for-like revenue and quarterly profit above expectations, saying demand in North America remained strong and lower sales in China had not been as large as expected. The title of the coffee chain gained 4.3% in pre-market.
* WARNER BROS DISCOVERY published quarterly results below Wall Street expectations after spending a major restructuring charge. The stock was down 4.8% in after-hours trading.
* PAYPAL lowered its annual revenue growth forecast, anticipating a more significant economic slowdown and modest growth in its business in the United States in the fourth quarter. The American payments group fell 6.4% in pre-market trading.
* Wall Street-listed exchanges pre-market for possible anti-COVID China information. ALIBABA BABA.N>, JD.COM, BAIDU or even NIO took between 6.7% and 10%.
* AMGEN was up in after-hours trading after posting a slight increase in third-quarter revenue on the back of growing sales of its cancer, rheumatology and cardiovascular treatments.
* PFIZER, BIONTECH – The two labs said on Friday that their COVID-19 vaccine specifically targeting the Omicron variant of the coronavirus and its BA.4/5 subvariants produced a better immune response compared to the original vaccine one month later his injection.
* DOORDASH – Orders taken by the meal delivery group hit a record high in the third quarter, despite rising prices. Its stock was up 11.8% in pre-market trading.
* COINBASE GLOBAL reported a net loss in the third quarter on Thursday amid high inflation, rising interest rates and geopolitical tensions that weighed on demand for risky assets.
* GOPRO – The sports camera maker fell 9% in pre-market trading after the announcement of a sales forecast for the Christmas quarter below expectations due to a rise in inventories, significant promotions and a decline in consumer demand.
* HERSHEY raised its profit and sales forecast for the full year as the confectionery maker saw strong demand during the Halloween celebrations which is expected to continue into the holiday season despite higher sales price. The action took 1.7% before the market.
* ALTICE USA – HSBC raised its recommendation to “buy” versus “hold”. (Written by Laetitia Volga and Claude Chendjou, edited by Kate Entringer)