Microsoft and Starbucks in decline; Alphabet rising


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Microsoft and Starbucks in decline Alphabet rising
Microsoft and Starbucks in decline; Alphabet rising July 19, 2018. REUTERS/Arnd Wiegmann

Microsoft (NASDAQ:MSFT) fell 2.7%. The software giant had difficulty justifying its high value with quarterly results. The company’s key Azure cloud service is strong and Amazon (NASDAQ: AMZN) is close to Web Services. Alphabet (NASDAQ: GOOGL) gained 5%. The company exceeded quarterly revenue estimates and announced a $50 billion stock buyback program. The recovery economy and the increase in the use of online services have increased advertising and cloud business.

Starbucks (NASDAQ:SBUX) lost 1.5%. The coffee chain missed quarterly sales forecasts. However, it has increased its annual revenue and profit forecasts in anticipation that customers will come back with the vaccine quite a lot. Amgen (NASDAQ:AMGN) fell 4%. The company posted a 7% drop in first-quarter sales and profit due to a 7% drop in net drug prices. Visa (NYSE: V) gained 1.8%. The company beat Wall Street estimates for quarterly profit. The increase in online shopping has met stagnant travel expenses.

Boeing (NYSE: BA) lost 1%. The aircraft maker posted another quarterly loss, but there were smaller losses than last year thanks to increased deliveries with the reintroduction of 737 MAX jets. Pinterest (NYSE: PINS) lost 11%. The social media company expects ‘stable’ user growth in the US market in the second quarter. Humana (NYSE: HUM) rose 0.7%. The health insurer posted impressive results in the first quarter.

Advanced Micro Devices (NASDAQ: AMD) gained 4.6%. The semiconductor maker posted better-than-expected results for the first quarter. Mondelez (NASDAQ:MDLZ) rose 2.5%. The company continued to benefit from quarantined customers getting into the habit of junk food.

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Deutsche Bank (DE:DBKGn) gained 8.7%. The bank posted bigger-than-expected figures on its first-quarter net profit. The strengthening of the investment bank has helped compensate for the impact of the ongoing restructuring program. Yum! Brands (NYSE: YUM) gained 1.5%. The owner of KFC exceeded comparable sales forecasts.

Dana (NYSE: DAN) rose 2.1%. The auto parts maker shared a strong increase in its quarterly profit.


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