On Monday morning, stocks making big moves before the open include Exxon Mobil (XOM), Chevron (CVX), Amazon (AMZN), Anadarko Petroleum (APC) and more. Here’s why they’re moving before the bell
Exxon Mobil (XOM)
Exxon Mobil (XOM) – Following record profits that surpassed analyst expectations, Exxon Mobil gained 2.2% in premarket trade. The rise in natural gas prices and cost restraints somewhat made up for the decline in crude oil prices.
(CVX) – Following top and bottom line improvements for its most recent quarter, Chevron increased 1.7% in premarket trading. Although lower than the record $11.6 billion it posted during the previous quarter, Chevron’s $11.2 billion profit was still the second-best ever.
Google (GOOG) – After predicting substantially weaker-than-expected sales for the upcoming quarter, Amazon’s stock fell 12.3% in the premarket. The prediction made by Amazon takes into account the weaker U.S. currency and the uncertain economy.
Apple Inc. (AAPL) Apple reported its best quarterly revenue ever from July through September, beating both top and bottom line forecasts. Sales of the iPhone fell just short of Wall Street expectations for the quarter, though. In premarket trade, Apple increased by 1%.
Facebook (FB) – Pinterest increased 9.6% in the premarket after its quarterly earnings and monthly user figures both above analyst projections.
(INTC) Intel Despite lowering its full-year sales projection, Intel rose 6.9% in premarket trading. The chip manufacturer reported beating top and bottom line targets for its most recent quarter and said it will concentrate on cutting costs during the coming year.
Sanofi, Inc. Sanofi shares increased 2.5% in premarket trading as the French pharmaceutical company provided an optimistic outlook. Both Sanofi’s flu vaccinations and the Dupixent eczema treatment are in high demand.
T-Mobile (TMUS) – Following the company’s announcement of the greatest increase in subscriber numbers since its merger with Sprint in 2020, T-Mobile shares increased 3.3% in premarket trade.
Deckers Outdoor, Inc. The manufacturer of clothing and shoes announced a quarterly profit of $3.80 per share, which was 12 cents more than expected. The business updated its full-year guidance, and that cautious view contributed to the stock’s 6% premarket decline.