Stocks to Watch: Palantir, SpaceX, HSBC

Dow Jones08-04

Palantir Technologies (PLTR): Shares in the software company jumped over 15% premarket after it reported strong earnings yesterday after the close.

BP (UK:BP): The energy company posted surging profits driven by strong oil trading performance and higher prices. Shares ticked up slightly following the report.

HSBC (UK:HSBC): The British bank reported higher quarterly profit and announced a $1 billion share buyback, but its size disappointed some investors; shares ticked down.

Prologis $(PLD)$, Segro (SGRO) : Warehouse landlord Prologis agreed to buy its British rival for $18.8 billion. Segro shares inched up while Prologis stock was little changed premarket.

Toyota Motor (JP:7203): The Japanese automaker posted a 76% surge in quarterly profit and raised its full-year earnings forecast, but the stock slipped in Japan.

Space Exploration Technologies $(SPCX)$: Elon Musk's rocket and AI company is set to deliver its first-ever earnings report as a public company after markets close.

Pfizer $(PFE)$, Merck $(MRK)$, Amgen $(AMGN)$, BioNTech $(BNTX)$: The pharmaceutical companies will report earnings ahead of the opening bell, alongside Spotify Technology (SPOT) and McDonald's $(MCD)$. Semiconductor company Advanced Micro Devices $(AMD)$ will report after markets close.

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