PayPal, Block, Coinbase, DoorDash And More: U.S. Stocks To Watch

Benzinga2022-11-04

With US stock futures trading higher this morning on Friday, some of the stocks that may grab investor focus today are as follows:

  • PayPal Holdings, Inc. (NASDAQ:PYPL) reported better-than-expected earnings for its third quarter, but issued sales guidance below analyst estimates. PayPal shares dipped about 7% in the pre-market trading session.
  • Block Inc (NYSE:SQ) posted a rise in third-quarter revenue on Thursday as the growth of Cash App helped make up for stagnant cryptocurrency prices that had dogged the payments platform led by Twitter founder Jack Dorsey in previous quarters. Block shares jumped 14% in premarket trading.
  • U.S. cryptocurrency exchange Coinbase Global Inc (NASDAQ:COIN) on Thursday reported a third-quarter loss as high inflation, rising interest rates and geopolitical tensions weakened demand for risky assets, sapping trading volumes for digital currencies like bitcoin. While Coinbase shares gained 8.6% in premarket trading.
  • Food delivery firm DoorDash Inc's (NYSE:DASH) orders surged to a record high in the third quarter as demand held strong against higher prices and rising inflation, helping it beat Wall Street targets for revenue and sending shares up 11.6% in premarket trading.
  • Starbucks Corporation (NASDAQ:SBUX) posted upbeat results for its fourth quarter on Thursday. Starbucks shares gained 2.8% in the pre-market trading session.
  • Wall Street expects Cardinal Health, Inc. (NYSE:CAH) to report quarterly earnings at $0.96 per share on revenue of $48.31 billion before the opening bell. Cardinal Health shares rose 0.8% to close at $75.67 on Tuesday.
  • Analysts are expecting The Hershey Company (NYSE:HSY) to have earned $2.10 per share on revenue of $2.61 billion for the latest quarter. The company will release earnings before the markets open. Hershey shares dropped 1.3% to close at $232.09 on Tuesday.
  • Analysts expect Huntsman Corporation (NYSE:HUN) to post quarterly earnings at $0.75 per share on revenue of $2.04 billion before the opening bell. Huntsman shares dropped 1.9% to close at $25.93 on Tuesday.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Leave a comment
9