© Reuters.
By Peter Nurse
Investing.com — Stocks in focus in premarket trade on Wednesday, April 27th. Please refresh for updates.
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Microsoft (NASDAQ:) stock rose 3.6% after the software giant forecast double-digit revenue growth for the next fiscal year, driven by demand for cloud computing services.
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Alphabet (NASDAQ:) stock fell 4.6% after Google’s parent company reported its first quarterly miss of the pandemic after the war in Ukraine hurt YouTube ad sales, overshadowing news of a $70 billion buyback.
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Robinhood (NASDAQ:) stock fell 4% after the retail brokerage said it is laying off about 9% of its full-time employees ahead of its quarterly results later this week.
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Mattel (NASDAQ:) stock rose 8.9% after the Wall Street Journal reported that the company’s management has held talks to to private equity companies.
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Visa (NYSE:) stock rose 5.9% after the credit card company reported an upbeat , helped by a rebound in consumer spending, and forecast revenue to accelerate past pre-pandemic levels.
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Boeing (NYSE:) stock fell 3.7% after the aircraft manufacturer reported a wider quarterly loss and missed sales expectations, weighed by higher costs on both commercial and defense aircraft.
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Enphase Energy (NASDAQ:) stock rose 7.6% after the solar energy company , announcing plans to invest heavily in Europe as the Ukraine war sent power prices soaring.
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Bunge (NYSE:) stock rose 2.7% after the agribusiness company reported a strong quarterly profit and raised its full-year earnings forecast, boosted by higher demand for its crops in the wake of the Ukraine conflict.
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T-Mobile US (NASDAQ:) stock rose 3.4% after the telecommunications company beat estimates for subscriber additions in the first quarter, benefiting from the rollout of new 5G cellular networks.
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JetBlue (NASDAQ:) stock fell 2.3% after JPMorgan downgraded its stance on the budget airline all the way to ‘underweight’ from ‘overweight’, seeing little upside despite recent weakness.
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