Feb 10 (Reuters) – Top stocks to watch on Friday on Wall Street, where index futures suggest a drop of 0.44% for the Dow Jones, 0.64% for the Standard & Poor’s-500 and 1.09 % for Nasdaq.
* LYFT lost 32.9% in premarket after the US carpooling group said it expected profit well below estimates for the current quarter due to lower prices, which amplified concerns about its delay compared to its rival Uber.
* KROGER and ALBERTSONS are advancing plans to sell 250 to 300 stores as the two largest independent supermarket networks in the United States hope to ease concerns from the US Competition Authority over their merger, people familiar with the matter have said.
* CHEVRON and EXXON MOBIL advance 1.4% and 1.9% in market preview as oil prices rise more than 2% after Russia
to say
that it will reduce its oil production by 500,000 barrels a day in March.
* INTEL plans to significantly increase its $1.5 billion investment in Vietnam to expand its chip testing and assembly plant there, two sources familiar with the matter told Reuters. This possible operation could represent approximately one billion dollars, according to a source.
* ADVANCED MICRO DEVICES has captured almost a third of the market for central processing units (CPUs) – the main control circuit in a computer – while British chip designer Arm’s rise in the PC market has accelerated. slowed in the fourth quarter of 2022, according to a report by Mercury Research.
It has also taken market share from Intel, but the latter remains the biggest player in the x86 processor market.
* MICROSOFT – Bill Gates, co-founder of Microsoft, believes that the ChatGPT “chatbot”, developed by the American company OpenAI and supported by the IT giant, is an invention as important as the Internet, he told the German economic daily Handelsblatt in a interview published Friday.
* TESLA raised the starting price in China of its best-selling vehicle, the Model Y, by 0.8% to 261,900 yuan ($38,577.11), after aggressive price cuts announced by the carmaker electricity at the start of the year stimulated demand.
* NEWS CORP, the parent company of outlets such as the Wall Street Journal, on Thursday announced the cut of 1,250 jobs, or 5% of its workforce, as the media conglomerate’s quarterly profit and revenue fell short of Wall expectations Street.
* PAYPAL reported higher-than-expected annual profit on Thursday, while warning of inflationary pressures on discretionary spending. The American payments group also announced the departure of its chief executive Dan Schulman at the end of 2023.
* EXPEDIA – The online travel booking group published quarterly profit below expectations on Thursday, due to an increase in cancellations and bad weather conditions at the end of the quarter. The action lost 2.1% in advance.
* CHEMOURS, which on Thursday missed estimates for its fourth-quarter profit, nevertheless said it expected higher-than-expected profits in 2023, due in particular to strong demand for components used in the manufacture of semiconductors as well as for other other specialty chemicals.
* BOEING – A U.S. judge on Thursday evening dismissed a petition from the families of passengers killed in the crashes of two 737 MAX aircraft, who were asking to review or dismiss a so-called deferred prosecution agreement reached in January 2021 between the aircraft manufacturer and the U.S. government. (Written by Diana Mandiá, edited by Blandine Hénault and KateEntringer)
