Microsoft, Meta, Tesla, McDonald’s, Abbott Labs, ON Semi, and More Market Movers – Information Global Online

Microsoft

is the first of the giant technology companies to report this week. The software company is scheduled to issue fiscal fourth-quarter earnings on Tuesday. Microsoft shares were up 1.3% in premarket trading.

Meta Platforms

is scheduled to release earnings Wednesday, and

Apple

and

Amazon.com

on Thursday. Meta rose 1.3% in premarket trading, Apple fell 0.2%, and Amazon rose 0.9%.

Tesla

rose 1.8% in premarket trading. The electric-vehicle giant over the weekend offered qualifying American Model Y buyers 1.99% financing if delivery is taken by the end of September. Al Root of Barron’s noted that

Tesla
’s

latest incentive shows how higher rates and slowing demand have weighed on EV sales.

3M

fell 0.9% after the maker of Post-It-Notes and Scotch Tape rose 23% on Friday, its biggest one-day gain ever, following a second-quarter earnings beat and boost to the company’s full-year outlook.

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Abbott Laboratories
,

which makes Similac baby formula, was down 5.8% after a jury ordered the company to pay $495 million in compensation and damages after determining it failed to warn that its formula for premature infants increased the risk for necrotizing enterocolitis, a bowel disease.

U.S.-listed shares of

Philips

rose 11% after the Dutch health-technology company posted second-quarter earnings.

McDonald’s

rose 1% even after second-quarter earnings and revenue at the fast-food giant missed analysts’ estimates. Adjusted earnings of $2.97 a share were below Wall Street expectations of $3.07, and revenue of $6.49 billion was below consensus of $6.62 billion.

ON Semiconductor
,

which makes chip products in the area of power and sensors for the auto and industrial markets, reported better-than-expected second-quarter earnings and revenue. The stock was rising 8.1%.

Revvity
,

the health sciences company, was up 3% after posting better-than-expected second-quarter earnings and boosting profit and revenue guidance for the year.

In addition to reports from

Microsoft
,

Apple
,

Amazon.com
,

Meta Platforms
,

these companies also are scheduled to issue earnings this week:

Advanced Micro Devices
,

Intel
,

Qualcomm
,

Exxon Mobil
,

Chevron
,

Boeing
,

Procter & Gamble
,

Merck
,

Pfizer
,

Arista Networks
,

BP
,

Starbucks
,

PayPal
,

Mastercard
,

T-Mobile
,

Arm Holdings
,

Altria
,

Humana
,

Shell
,

ConocoPhillips
,

Booking Holdings
,

and

Anheuser-Busch InBev
.

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Cloud security company

Akamai Technologies

was up 2.2% to $99.12 after analysts at Guggenheim upgraded the stock to Buy from Neutral with a price target of $128.

Write to Joe Woelfel at joseph.woelfel@barrons.com

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Microsoft, Meta, Tesla, McDonald’s, Abbott Labs, ON Semi, and More Market Movers – Information Global Online – #Market – BLOGGER – Market, Abbott, Global, Information, labs, Market, McDonalds, Meta, Microsoft, Movers, Online, Semi, Tesla

Microsoft is the prototypal of the colossus profession companies to inform this week. The code consort is regular to supply business fourth-quarter earnings on Tuesday. Microsoft shares were up 1.3% in premarket trading. Meta Platforms is regular to promulgation earnings Wednesday, and Apple and Amazon.com on Thursday. Meta chromatic 1.3% in premarket trading, Apple lapse …

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Author: BLOGGER