By Geoffrey Smith
Investing.com -- Stocks in focus in premarket trade on Friday, 24th January. Please refresh for updates.
9 AM ET: Intel (NASDAQ:) stock rose 4.9%, coming off earlier highs, after the company reported better-than-expected earnings and sales for the last three months of 2019. Demand from data centers that power Cloud servers, along with a surge in PC upgrades ahead of Microsoft’s deadline for ending Windows 7 support, were the main factors.
Broadcom (NASDAQ:) stock rose 3.3%, extending gains it made late on Thursday after announcing deals with Apple (NASDAQ:) for components worth up to $15 billion. Skyworks Solutions (NASDAQ:), some of whose products may be displaced by the agreements, pared losses to be flat.
American Express (NYSE:) stock rose 2.5% after the company reported better-than-expected earnings and revenue. Spending by customers using AmEx cards during the final quarter of 2019 rose 6% in the U.S. and 4% abroad. Net income fell though, with earnings per share falling some 14% from a year earlier.
Nextera Energy (NYSE:) stock fell 1.2% in a rare blip for the parent of Florida Power & Light that is now one of U.S.’s biggest producers of renewable energy. Chairman and CEO Jim Robo nonetheless said he’d be “disappointed if we are not able to deliver financial results at or near the top end” of its profit guidance through 2022, given its strong pipeline of projects