Stocks to Watch Wednesday: Amazon, Starbucks, Pinterest, AMD -- WSJ

Dow Jones05-01

By Angus Berwick

Amazon.com $(AMZN)$: The company reported a surge in first-quarter sales as the AI boom powered growth in its cloud-computing unit. Amazon.com stock was higher in premarket trading.

Starbucks $(SBUX)$: The coffee chain's stock slid more than 12% in premarket. Its chief executive pledged a turnaround Tuesday after Starbucks reported a sharp slowdown in visits and weaker-than-expected sales and profit

Pinterest $(PINS)$: Pinterest stock jumped about 16% premarket after the image-sharing company reported earnings that beat expectations. Pinterest also recorded a big acceleration in sales last quarter.

PG&E $(PCG)$, KKR $(KKR)$: The California utility company is nearing a deal to sell a multibillion-dollar stake in its fleet of power plants to investment giant KKR.

Advanced Micro Devices $(AMD)$: The semiconductor developer's shares slumped 5% premarket. AMD's first-quarter sales and profits rose, but declining revenue from gaming graphics chips weighed weighed on its results.

Super Micro Computers $(SMCI)$: Shares in the server manufacturer also slid in offhours trading. Its sales more than tripled in the first quarter, but fell short of expectations.

GSK $(GSK)$, (UK: GSK): The British pharmaceutical giant lifted its full-year guidance after first-quarter turnover rose and beat expectations. Its shares in London rose almost 2%.

Earnings are due from CVS Health $(CVS)$, Mastercard $(MA)$ and Pfizer $(PFE)$, among others, this morning.

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 01, 2024 04:54 ET (08:54 GMT)

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

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Amazon.com stock was higher in premarket ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00BZ1G4Q59.USD","symbol_name":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2432449935","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2432449935","pubTimestamp":1714553640,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Amazon.com : The company reported a surge in first-quarter sales as the AI boom powered growth in its cloud-computing unit. 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Amazon.com stock was higher in premarket trading. \n\n\n     Starbucks $(SBUX)$: The coffee chain's stock slid more than 12% in premarket. Its chief executive pledged a turnaround Tuesday after Starbucks reported a sharp slowdown in visits and weaker-than-expected sales and profit \n\n\n     Pinterest $(PINS)$: Pinterest stock jumped about 16% premarket after the image-sharing company reported earnings that beat expectations. Pinterest also recorded a big acceleration in sales last quarter. \n\n\n     PG&E $(PCG)$, KKR $(KKR)$: The California utility company is nearing a deal to sell a multibillion-dollar stake in its fleet of power plants to investment giant KKR. \n\n\n     Advanced Micro Devices $(AMD)$: The semiconductor developer's shares slumped 5% premarket. 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The full stream can be found by searching P/WSJL (WSJ Live Coverage). \n\n\n  (END) Dow Jones Newswires\n\n\n  May 01, 2024 04:54 ET (08:54 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2432449935"}