Apple, Amazon, Alphabet, and more are among the top 5 stocks to watch on Friday.
Friday's trade on Wall Street will be influenced by the government's employment data, with futures falling after the announcement of hotter-than-expected job figures. The Nasdaq has risen heading into the session in five of the last six sessions, including a jump of more than 3% on Thursday. The following equities are recommended for Friday:
Apple AAPL dropped in premarket trade after the company's quarterly results fell short of forecasts. Supply chain problems and fluctuations in currency value affected its financial results. Shares decreased by over 2%.
Selling in Amazon AMZN was prompted by a mixed earnings announcement, and the stock dropped more than 4%. The online retailer's $149.2B in revenue above experts' estimates, but the company's profitability came in far lower than expected. Compared to the consensus expectation of $125.1 billion for the first quarter, AMZN forecast sales of between $121 billion and 126 billion dollars.
Before the opening bell, Alphabet GOOG GOOGL fell by around 4% as a result of its quarterly reports. The company disclosed earnings that fell short of forecasts and reported a drop in Google ad sales.
Analysts had anticipated a higher quarterly profit from Ford F, but it was lower. Revenue increased 18% to $41.8B, above expectations by more over $1 billion. The CEO of the company admitted that "we should have done much better last year." We're going to make up for the roughly $2 billion in profits we could have made by improving our execution and performance. F lost about 7% of its value in premarket trade.
In premarket trading, Regeneron REGN increased by over 2% as the company's Q4 earnings exceeded expectations. Sales of its COVID antibody therapy were higher than expected, which more than made up for Eylea's subpar success in treating eye diseases.
Looking at the jobs report, the 517K increase in nonfarm payrolls in January was much higher than predicted. The unemployment rate decreased slightly to 3.4% during this time.