Apple, Intel, Exxon, and more are among the top 5 stocks to watch on Friday.

The Nasdaq is once again under the most downward pressure as the futures indicate to a decline at the start of Friday's trade after two days of mixed results. Here are a few stocks to keep an eye on on Friday:

Apple's quarterly profit came in somewhat higher than expected. Revenue increased 8% from the previous year to $90.15B, exceeding expectations by about $1.4B. Sales of iPhones increased by almost 10% from the previous year at the time. AAPL predicted that its Q1 sales rate would likely slow down in comparison to Q4.

After exceeding forecasts for both its top and bottom lines, Intel increased in premarket trading, rising over 7%. In addition, the company lowered its full-year revenue forecast, blaming "continued macroeconomic challenges," although it also said that it was starting a campaign to reduce costs by up to $10 billion by 2025.

Exxon Mobil also benefited from positive earnings news. Before the opening bell, the oil giant's shares increased by around 2% as a result of its record-breaking $19.66B quarterly earnings. The company outperformed analysts' expectations on both its top and bottom lines.

Chevron, a rival oil giant, also reported results that above expectations. With sales that increased by 49% from the previous year to reach $66.6B — more than $5B over consensus — the corporation easily exceeded expectations.

For its most recent quarter, Colgate-Palmolive reported a range of results. The company's earnings result slightly exceeded forecasts. However, due to fluctuations in foreign exchange rates and inflation, CL's income fell short of expectations.

In other news, while the dominant social media platform transitions to a private firm, Twitter continues to dominate headlines. Elon Musk, the company's new owner, reportedly intends to replace the previous management team as CEO and take over the company.

Fyana PachecoComment