Stocks - Intel Plunges in Premarket, Exxon Sinks, Ford Surges, Amazon Rises

Stocks - Intel Plunges in Premarket, Exxon Sinks, Ford Surges, Amazon Rises

Apr 26, 2019

Stocks in focus in premarket trade Friday:

• Intel (NASDAQ:INTC) stock plunged 7.5% by 8:13 AM ET (12:13 GMT) after the chipmaker cut its full-year revenue guidance; the company's sales of data center chips fell for the first time in years.

• Ford (NYSE:F) stock jumped 7.6% as first-quarter profit smashed consensus thanks to strong demand for its pickups and SUVs in North America.

• Exxon (NYSE:XOM) stock sank 2.0% after the oil major reported first-quarter earnings that missed estimates.

• Amazon (NASDAQ:AMZN) stock rose 1.3% after the online retailer reported better-than-expected first-quarter results but a forecast of rising costs limited gains.

• Mattel (NASDAQ:MAT) stock surged 7.9% as first-quarter results beat on the top and bottom lines.

• Starbucks (NASDAQ:SBUX) stock was little changed as worse-than-expected sales weighed against better-than-forecast profit.

• American Airlines (NASDAQ:AAL) stock tumbled 3.5% the company cut its 2019 profit guidance due to the grounding of Boeing’s 737 MAX planes.

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