LB Premarket | Meta, Qualcomm fell 4%, results fell short of expectations! U.S. solar stocks soar

News

1. Pfizer's second-quarter revenue was US $27.7 billion and net profit was US $9.9 billion; it maintained its expectation that the full-year COVID-19 drug Paxlovid's revenue was US $22 billion, and the market expected US $23.38 billion.

Merck's second-quarter revenue of $14.593 billion and net profit of $3.944 billion raised and narrowed the expected range for global sales in fiscal 2022, which is between $57.5 billion and $58.5 billion.

3. Politburo meeting of the CPC Central Committee: The meeting emphasized that macro policies should actively act in expanding demand. Fiscal and monetary policies should effectively make up for the lack of social demand. Make good use of local government special project bond funds, and support local governments to make full use of the special project debt limit. Monetary policy should maintain reasonable and sufficient liquidity, increase credit support for enterprises, and make good use of new credit and infrastructure building investment funds from policy banks.

4. According to the Wall Street Journal, Microsoft is joining other prominent cloud computing providers, such as Google and Oracle, to pressure the U.S. government to diversify spending on such services to a greater extent, targeting Amazon's role in government Cloud as a Service contracts. dominance.

5. Activist investor Elliott Investment Management is negotiating an agreement with PayPal, sources said. Under the agreement, Elliott will participate in determining the future direction of PayPal.

6. U.S. Senate Majority Leader Schumer: The Senate Democrats' agreement includes a $4,000 consumer tax credit for low- and middle-income individuals buying used new energy vehicles and a tax credit of up to $7,500 for buying new energy vehicles.

7. Teladoc Health's second-quarter revenue was $592 million and net loss was $3.1 billion.

8. Ford's second-quarter revenue was $40.2 billion and net profit was $667 million.

9. Meta's second-quarter revenue was $28.822 billion, net profit was $6.687 billion, and advertising revenue in the second quarter was $28.152 billion, compared with $28.58 billion in the same period last year. Total revenue in the third quarter of 2022 is expected to be between $26 billion and $28.5 billion.

10.Qualcomm's second-quarter revenue was $10.94 billion and net profit was $3.73 billion.

11. Comcast's second-quarter revenue was $30 billion and net profit was $3.396 billion.

Movement

U.S. stocks premarket, Dow futures, Nasdaq futures, S & P 500 futures fell 0.11%, 0.69%, 0.28%.

Spirit Airlines rose 4% after JetBlue announced it was buying Spirit Airlines for $33.50 a share.

Qualcomm fell nearly 4%, slightly beating expectations for its fiscal third quarter but missing guidance.

Teladoc Health fell more than 25%, with second-quarter revenue of $592 million and a net loss of $3.1 billion.

Ford Motor rose more than 6%, its Q2 results beat expectations, and its dividend increased by 50%.

Meta Platforms fell more than 4% after the Federal Trade Commission sought to block Meta Platforms' acquisition of VR company Within Unlimited.

Tesla rose nearly 1%, while Apple, Amazon, Microsoft, Google and Netflix all fell less than 1%.

Comcast fell more than 5% after reporting Q2 net profit of $3.396 billion, which fell short of market expectations.

Alibaba and Tencent Music fell more than 1%, Pinduoduo and JD.com fell nearly 2%, and Xiaopeng Motors and Li Auto Inc. fell more than 1%.

Solar stocks surged, with First Solar and SunPower up 10 %, SunRun up more than 11% and Enphase Energy up 3.7%. U.S. Senator Joe Manchin expressed support for a spending plan that includes funding for energy and climate projects.