Movers & Shakers: Intel is chipper, Boston Beer fizzes, and other movers

by | Jul 28, 2023 | Stock Market

Here are some of the biggest movers in premarket action on Friday: Stock gainers: Intel Corp. stock
surged 7% after the Dow Jones Industrial Average
component reported results that showed PC and data-center sales beat expectations.

Shares of KLA Corp.
rose more than 3%, adding to a 5.3% on Thursday, after the wafer-fab equipment maker’s earnings and outlook topped the Wall Street consensus. Roku Inc. shares
rallied 9% after the streaming-media company’s earnings and outlook exceeded expectations. Shares of Boston Beer Co.
surged 10% after the company — which makes beverages such as Samuel Adams beer, Truly seltzer and Twisted Tea — reported second-quarter results that beat estimates, as demand for Twisted Tea helped make up for weaker seltzer demand. Oreo maker Mondelez International Inc.
 was up 3% after the snack maker reported second-quarter results that beat estimates and raised its full-year profit and sales forecasts, helped yet again by price increases.   Shares of Skechers USA Inc.
 rose nearly 5% after the comfort-footwear maker reported second-quarter results that topped Wall Street estimates. Stock decliners: Shares of Ford Motor Co.
dropped 1% after the Detroit automaker had a beat-and-raise quarter but spooked investors by shifting its EV production goals. Sweetgreen Inc.
shares tanked more than 13% following a wider quarterly loss for the fast-casual restaurant chain. Enphase Energy Inc.’s 
stock tanked nearly 15% after the company reported quarterly revenue that fell short of analysts’ estimates and offered a weak forecast. Shares of Juniper Networks Inc.
plunged more than 7% following its warning that it expects “continued weakness in bookings, particularly with our Cloud and, to a lesser extent, our Service Provider customers.”

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