Stocks in focus in premarket trade on Wednesday, July 21st 2021.
- Netflix (NASDAQ:NFLX) stock fell 1% after the streaming giant reported a net drop of 430,000 subscribers in its important North American market in the quarter. It also forecast 3.5 million net subscriber adds in the current quarter, well below market expectations of nearly 5 million.
- Chipotle Mexican Grill (NYSE:CMG) stock rose 4.3% after the fast food chain impressed with its quarterly results as dine-in customers returned to its restaurants, but it warned that higher costs will offset the benefit of the hikes in menu prices in the near term.
- Verizon Communications (NYSE:VZ) stock rose 1.5% after the telecommunications giant reported better-than-expected revenue and subscriber growth, and raised its full-year outlook.
- Coca-Cola (NYSE:KO) stock rose 1.8% after the soft drinks giant raised its full-year sales and profit forecasts, as demand rebounds for its beverages from the re-opening of theaters, restaurants and stadiums.
- Nasdaq (NASDAQ:NDAQ) stock rose 1.1% after the exchange operator reported a better-than-expected quarterly profit, boosted by strength in its trading business.
- MGM Resorts (NYSE:MGM) stock rose 0.6% after the casino operator announced plans, along with its partner Orix (NYSE:IX), to build its first casino resort in Japan.
- United Airlines (NASDAQ:UAL) stock rose 1.8% after the airline reported a quadrupling of revenue from a year ago as domestic travel returned, even as it reported its sixth consecutive quarterly loss.
- Harley-Davidson (NYSE:HOG) stock rose 1.8% after the motorcycle manufacturer reported strong quarterly earnings, registering its second straight quarterly profit.
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