Stocks to Watch Thursday: Nio, Carvana, Qualcomm, Moderna -- WSJ

Dow Jones05-02

By Caitlin McCabe

Carvana $(CVNA)$: The online used-car seller posted a profit last quarter, and said that revenue grew, in a sign that its turnaround efforts are bearing fruit. Shares surged nearly 40% in premarket trading.

DoorDash $(DASH)$: The food delivery's company's shares tumbled premarket after it posted a bigger-than-expected loss late Wednesday.

NIO (HK:9866), $(NIO)$****: The EV maker's shares rose around 20% in Hong Kong after Nio said April deliveries had more-than doubled from a year earlier. Shares also rallied in U.S. premarket trading.

Qualcomm $(QCOM)$: The chip company's shares advanced more than 5% in premarket trading after it reported a slight increase in quarterly sales. Qualcomm said its inroads into supplying chips to automakers helped drive sales.

Etsy $(ETSY)$: Shares of the online marketplace slid premarket after its chief executive warned about ongoing pressure on consumer-discretionary spending. The company's first-quarter net income declined.

Moderna $(MRNA)$: The drug maker posted better-than-expected quarterly results, as it prepares for its RSV vaccine launch. Its shares edged higher premarket.

Apple $(AAPL)$ will report after the market close.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

May 02, 2024 06:40 ET (10:40 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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Shares surged nearly 40% in premarket trading. \n\n\n     DoorDash $(DASH)$: The food delivery's company's shares tumbled premarket after it posted a bigger-than-expected loss late Wednesday. \n\n\n     NIO (HK:9866), $(NIO)$****: The EV maker's shares rose around 20% in Hong Kong after Nio said April deliveries had more-than doubled from a year earlier. Shares also rallied in U.S. premarket trading. \n\n\n     Qualcomm $(QCOM)$: The chip company's shares advanced more than 5% in premarket trading after it reported a slight increase in quarterly sales. Qualcomm said its inroads into supplying chips to automakers helped drive sales. \n\n\n     Etsy $(ETSY)$: Shares of the online marketplace slid premarket after its chief executive warned about ongoing pressure on consumer-discretionary spending. The company's first-quarter net income declined. \n\n\n     Moderna $(MRNA)$: The drug maker posted better-than-expected quarterly results, as it prepares for its RSV vaccine launch. 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