(Updated with index futures, results from Chevron and American Express, Ralph Lauren, JPMorgan Chase, chipmaker fore quotes, Visa and Hasbro)
PARIS, Jan 27 (Reuters) – Top stocks to watch on Friday on Wall Street, where major index futures point to an opening up 0.01% for the Dow Jones, while the Standard & Poor’s 500 is expected to retreat by 0.26% and the Nasdaq by 0.47%:
* INTEL on Thursday evening said it was anticipating a net loss in the current quarter amid a darkening outlook for the PC market and slowing growth in data centers, a forecast that surprised investors. investors. Intel shares plunged 9.2% in pre-market trading, while its competitors AMD and QUALCOMM, NVIDIA, APPLIED MATERIALS, MICRON TECHNOLOGY, BROADCOM and NVIDIA fell 0.9% to 3.2% respectively.
* CHEVRON on Friday posted record $36.5 billion in fiscal 2022 profit, more than double that of the previous year. This result, penalized by a depreciation of certain assets, is however lower than Wall Street’s expectations. The action fell 1.2% in pre-market.
* VISA published Thursday a quarterly profit higher than Wall Street expectations thanks in particular to a 7% increase in the volume of payments processed. Visa shares advanced 1.5% in pre-market trading.
* AMERICAN EXPRESS published on Friday a quarterly profit down 9%, which came out below analysts’ expectations, in a context of higher provisions to protect against future bad debts. The New York group’s overall turnover, excluding interest charges, however increased by 17% to 14.18 billion dollars over the last three months of 2022. The action jumped 5% in pre-market trading.
* HASBRO, which announced Thursday that it expects fourth quarter results to be below expectations, will cut around 15% of its workforce worldwide this year, amid falling demand. In pre-market trading, Hasbro shares fell 5.1% and its competitor MATTEL lost 1.9% in out-of-hours trading.
* SALESFORCE — Activist fund Elliott Management, which recently invested several million dollars in Salesforce, plans to nominate several candidates to run the cloud software group, sources familiar with the matter said on Thursday.
* TESLA – LG Energy Solution announced on Friday that it was in “active discussions” with the American automaker to supply it with batteries from the Arizona factory.
* L3HARRIS TECHNOLOGIES was up 3.4% in out-of-hours trading after reporting better-than-expected fourth-quarter revenue and adjusted operating profit on Thursday.
*JPMORGAN CHASE has
writing
at the Italian football championship, Serie A, to express a preliminary interest in supporting the development of its media activity, according to three people familiar with the matter.
* RALPH LAUREN – BMO Capital Markets has lowered its recommendation on the stock to “underperformance” against “online performance”. (Written by Claude Chendjou, edited by Kate Entringer)