Some of the stocks that may grab investor focus today are:
- Hot chinese ADRs bounced back in premarket trading Friday. Alibaba, JD.com, Pinduoduo, Nio, Xpeng Motors, Li Auto, iQIYI and Bilibili climbed between 3% and 7%.
- DocuSign Inc (NASDAQ:DOCU) reported weaker-than-expected earnings results for its first quarter. The company said it expects fiscal second-quarter revenue to be between $600 million and $604 million. DocuSign shares dipped 25.6% to $65 in premarket trading Friday.
- Goldman Sachs analyst Eric Sheridan downgraded Netflix (NASDAQ: NFLX) to Sell from Neutral with a price target of $186, down from $265. Netflix shares dropped 3.5% to $186.02 in premarket trading Friday.
- TSMC (NYSE: TSM) today announced its net revenue for May 2022: On a consolidated basis, revenue for May 2022 was approximately NT$185.71 billion, an increase of 7.6 percent from April 2022 and an increase of 65.3 percent from May 2021. Revenue for January through May 2022 totaled NT$849.34 billion, an increase of 44.9 percent compared to the same period in 2021. TSMC shares climbed 1% to $91.75 in premarket trading Friday.
- AMD (NASDAQ: AMD) sees revenue growth of about 20% CAGR, including the recent Xilinxmerger. Gross margin is seen above 57% on a richer product mix. AMD shares climbed 1.3% to $100.08 in premarket trading Friday.
- Stitch Fix, Inc. (NASDAQ:SFIX) reported worse-than-expected results for its third quarter on Thursday. The company said it sees Q4 net revenue of $485 million to $495 million. Stitch Fix shares tumbled 14.3% to $6.67 in premarket trading Friday.
- Paltalk, Inc. (NASDAQ:PALT) said it acquired Visicom's ManyCam assets for $2.7 million. Paltalk shares jumped 18.3% to $2.3 in premarket trading Friday.
- Quest Diagnostics Incorporated (NYSE:DGX) named Sam Samad as Executive Vice President and CFO. Quest Diagnostics shares gained 0.2% to $135.10 in the after-hours trading session Thursday.