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Amazon, Apple, Alphabet, Ford, Nordstrom, and More: These Stocks Moved the Most Friday

Dow Jones2023-02-04

Stocks closed lower Friday, as investors digested a surprisingly strong jobs report and disappointing earnings from Big Tech.

These stocks made moves Friday:

Amazon.com (AMZN) fell 8.4% after the tech and online retailing giant reported better-than-expected fourth-quarter sales growth but weaker-than-anticipated profit, due largely to a loss on the company’s stake in electric-truck maker Rivian (RIVN). Revenue at the company’s Amazon Web Services unit fell shy of expectations, and Amazon’s first-quarter revenue outlook, was well below Wall Street estimates.

Apple (AAPL) rose 2.4% after falling in premarket trading. The iPhone maker reported fiscal first-quarter earnings and sales that missed Wall Street estimates. Revenue of $117.2 billion fell 5% from a year earlier, marking the first quarterly revenue decline for Apple in nearly four years. Sales in the company’s iPhone, Mac and wearables segments, in particular, came up well short of expectations.

Google parent Alphabet (GOOGL) reported slowing revenue growth in the fourth quarter and an earnings miss, sending the stock down 2.8%. An advertising slowdown weighed on the results.

Auto maker Ford (F) reported fourth-quarter earnings that missed analysts’ expectations and the stock tumbled 7.6%. Ford said it expects to generate operating profit in 2023 of about $9 billion to $11 billion; Wall Street had projected operating profit this year of about $10 billion.

Nordstrom (JWN) surged 25% after The Wall Street Journal reported activist investor Ryan Cohen has taken a big stake in the retailer. The Journal reported that Cohen has become one of the top five non-family shareholders of the company.

Bill.com Holdings (BILL) tumbled 27% after the software company reported revenue guidance that disappointed Wall Street. An analyst at BTIG downgraded the stock to Neutral from Buy, while a BMO analyst downgraded Bill.com to Market Perform from Outperform.

Clorox (CLX) rose 9.8% after the cleaning products company posted better-than-expected fiscal second-quarter profit.

Atlassian (TEAM) fell 7.2%. The software company’s fiscal second-quarter loss was wider than a year earlier.

Starbucks (SBUX) was down 4.4% after the coffee chain reportedfiscal first-quarter earningsthat missed Wall Street forecasts.

Activision Blizzard (ATVI) declined 2.4% after the Securities and Exchange Commission said that the video game company agreed to pay $35 million to settle charges related to an investigation into the company’s disclosure procedures for complaints of workplace misconduct.

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  • Bengchung
    ·2023-02-04
    [Miser] 
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  • MrHuattt
    ·2023-02-04
    Ok
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      suee
      2023-02-04
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  • Jrrr92
    ·2023-02-04
    Tiger
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  • boonhong21
    ·2023-02-04
    Ok
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  • Decromer
    ·2023-02-04
    Thank you
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  • AlphaKK
    ·2023-02-04
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  • dIwIrma
    ·2023-02-04
    👍
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      ok
      2023-02-04
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    • dIwIrma
      👍
      2023-02-04
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  • Geniex
    ·2023-02-04
    [Happy] 
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  • TheTraDer
    ·2023-02-04
    Up
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  • Longs
    ·2023-02-04
    👌🏼🙏🏼
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  • PowerTrade
    ·2023-02-04
    Ok
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    ·2023-02-04
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  • SNeo
    ·2023-02-04
    [Applaud] 
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  • AJAJ
    ·2023-02-04
    🤩 
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    ·2023-02-04
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    ·2023-02-04
    Ok
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      K
      2023-02-04
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    ·2023-02-04
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      2023-02-04
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  • UTOtrader
    ·2023-02-04
    T
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    ·2023-02-04
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  • TaiWoeiHaur
    ·2023-02-04
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