U.S. Stocks to Watch | Netflix, Apple, Alibaba, NIO, TSMC, Coinbase, and More

Tiger Newspress10-18

U.S. stock index futures rose slightly on Friday, with streaming giant Netflix rising sharply after it clocked stronger-than-expected earnings in the September quarter. 

These stocks were poised to make moves Friday:

Netflix - Netflix shares jumped 5% in premarket trading after beating Wall Street’s forecasts in every major metric.

Apple - Apple Inc's new iPhones got off to a strong start in China, with their sales rising 20% in their first three weeks since their launch compared with its 2023 model, according to data from research firm Counterpoint. The shares gained 1% in premarket trading.

Chinese ADRs- U.S.-listed shares of Chinese firms jumped in premarket trading on central bank measures to boost domestic market. Direxion Daily FTSE China Bull 3X Shares (YINN) rose 15%; Bilibili rose 8%; Li Auto and XPeng rose 7%; PDD Holdings, JD.com, and NIO rose 5%; Alibaba rose 3%.

Crypto Stocks - Crypto stocks rose in premarket trading. Bitcoin’s price rose slightly on Friday, steady at $67k-$68K, and was headed for strong weekly gains as speculation over a potential Donald Trump victory in the upcoming presidential elections boosted prices. CleanSpark rose 4%; MicroStrategy and Coinbase rose 3%; Marathon Digital and Riot Platforms rose 2%.

TSMC - TSMC shares dropped 1% in premarket trading. The shares hit a record high on Thursday after the chipmaker topped quarterly estimates and raised its target for 2024 revenue growth, allaying concerns about global chip demand and the sustainability of an AI hardware boom. TSMC's market value reached $1.067 trillion, ranking it the 7th largest company in the U.S. by market capitalization, behind tech giants Apple, Nvidia, Microsoft, Alphabet, and Meta.

Intuitive Surgical - Intuitive Surgical rose 6% in premarket trading after third quarter EPS and revenue beat estimates. Worldwide da Vinci procedures grew approximately 18% compared with the third quarter of 2023.

WD-40 - The maintenance product maker’s shares dropped 2% after a disappointing fiscal fourth-quarter earnings report. The company earned $1.23 per share, and said it expects fiscal 2025 profits of between $5.20 and $5.45 per share.

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