UAL was among the stocks to watch trading at $39.10 at the close of October 19 at 04:00 PM EDT
The recent trend of going up seems to have ended in the premarket on Wednesday, and the futures show a small drop at the opening. Quarterly earnings season continues to be the main focus. In light of that, the following stocks are noteworthy for Wednesday:
Stocks to watch
- Netflix (NASDAQ:NFLX): The publication of quarterly data sparked investment in Netflix (NASDAQ:NFLX). Following the company’s earnings and sales beating forecasts, shares of the video streaming service rose 12% in premarket trading. In terms of subscriber growth, NFLX also did better than expected, adding 2.41M net new customers in Q3 instead of the 1M that was expected.
- Procter & Gamble (NYSE:PG): On both the top and bottom lines, Procter & Gamble (PG) posted quarterly results that exceeded expectations. Revenue increased by about 1% to $20.6 billion, exceeding estimates by $240 million. The company was able to mitigate the effects of adverse foreign exchange by raising prices.
- United Airlines (NASDAQ:UAL): In premarket trade after the release of its financial results, United Airlines (NASDAQ:UAL) rose. With sales that were up 13% over the pre-pandemic period of 2019, the company significantly outperformed analysts’ expectations.
- Travelers (NYSE:TRV): Travelers outperformed analysts’ forecasts with its Q3 earnings. A recorded reading for net earned premiums, which came in at $8.6 billion, a 10% increase from the prior period, benefited the bottom line.
- Winnebago Industries (NYSE:WGO): Winnebago outperformed expectations, with revenue increasing by over 14% from the previous quarter. However, organic growth was only 4%, and the company’s gross margin shrank. Before the opening bell, shares decreased by nearly 1%.
See why J.P. Morgan’s global market strategist and well-known bull Marko Kolanovic has become cautious for perspective on the market as a whole.
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Featured Image- Megapixl @ Natanaelginting
Author Jowi Kwasu