{"id":41124,"date":"2023-07-27T09:12:13","date_gmt":"2023-07-27T13:12:13","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/meta-chipotle-southwest-royal-caribbean-and-more-market-movers\/"},"modified":"2023-07-27T09:12:14","modified_gmt":"2023-07-27T13:12:14","slug":"meta-chipotle-southwest-royal-caribbean-and-more-market-movers","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=41124","title":{"rendered":"Meta, Chipotle, Southwest, Royal Caribbean, and More Market Movers"},"content":{"rendered":"
\n
<\/p>\n
<\/p>\n<\/figure><\/div>\n

Stock futures pointed higher Thursday\u00a0after the U.S. economy grew more than expected in the second quarter and jobless claims fell to their lowest level since February.<\/p>\n

These stocks were poised to make moves Thursday:\u00a0<\/p>\n

\n

Shares of
\n Meta Platforms
\n (META) rose 9.5% after the parent company of Facebook, Instagram, WhatsApp, and Threads, reported better-than-expected second-quarter earnings and said it anticipates third-quarter revenue of $32 billion to $34.5 billion, higher than Wall Street estimates of $31.2 billion.<\/p>\n

\u201cWe had a good quarter. We continue to see strong engagement across our apps and we have the most exciting roadmap I\u2019ve seen in a while with Llama 2, Threads, Reels, new AI products in the pipeline, and the launch of Quest 3 this fall,\u201d
\n Meta
\n CEO Mark Zuckerberg said in a statement.<\/p>\n

\n Chipotle Mexican Grill
\n (CMG) declined 7.8% after the burrito chain\u2019s second-quarter earnings beat expectations but revenue of $2.51 billion fell short. Same-store sales also were softer than projected, growing 7.4% in the quarter, while analysts had expected an increase of 7.5%.<\/p>\n

\n Southwest Airlines
\n (LUV) was falling 6.1% after the low-cost carrier said it expected revenue per available seat mile to fall in the third quarter, and anticipates costs to rise this year, driven by higher labor rates and wage accruals.<\/p>\n

\n Royal Caribbean
\n (RCL) jumped 11% after the cruise company posted a strong earnings beat and a 33% hike to full-year guidance hike as demand remained hot.<\/p>\n

\n Comcast
\n (CMCSA) was up 2.7% after the cable and media company reported earnings and revenue above Wall Street estimates following the successful release of\u00a0The Super Mario Bros. Movie<\/em>\u00a0and an increase in streaming revenue.<\/p>\n

\n Harley-Davidson
\n (HOG) rose 2.6% in premarket trading after the motorcycle maker reported second-quarter earnings that missed expectations but its guidance still implies operating profit in 2023 of roughly $820 million.\u00a0<\/p>\n

\n AbbVie
\n (ABBV) was up 2% after the pharmaceutical giant reported stronger-than-expected second-quarter revenue and raised its full-year earnings guidance.\u00a0<\/p>\n

\n McDonald\u2019s
\n (MCD) rose 0.6% after the fast-food giant\u2019s second-quarter adjusted earnings beat analysts\u2019 estimates as global same-store sales rose 11.7%.<\/p>\n

\n Lam Research
\n (LRCX) was rising 4.3% after the maker of chip equipment said it expects fiscal first-quarter revenue of between $3.1 billion and $3.7 billion, while analysts forecast $3.3 billion. The company also said it expects adjusted earnings in the period of between $5.30 and $6.80 a share vs. analysts\u2019 expectations of $5.56 a share.<\/p>\n

\n Align Technology
\n (ALGN) rose 16% after maker of clear tooth straighteners posted second-quarter adjusted earnings that beat expectations and said it expects third-quarter revenue of $990 million to $1.01 billion vs. consensus of $990 million.<\/p>\n

\n MaxLinear
\n (MXL) was falling 9.5% after it announced late Wednesday that it terminated its pending acquisition of
\n Silicon Motion Technology
\n (SIMO). Earlier in the day, shares of Silicon Motion, which makes controllers used with flash-based storage devices, soared after China\u2019s State Administration for Market Regulation\u00a0approved the deal\u00a0with conditions. A few hours later,
\n MaxLinear
\n called off the merger. U.S.-listed shares of Silicon Motion were down 10% after jumping 25% on Wednesday.<\/p>\n

\n Boeing
\n (BA) rose 1.3% to $235.88 after shares of the aerospace maker were upgraded to Buy from Neutral. The price target was raised to $300 from $225.
\n Boeing
\n on Wednesday reported a\u00a0narrower-than-expected second-quarter loss and free cash flow of $2.58 billion topped forecasts of $89 million.<\/p>\n

Write to Joe Woelfel at\u00a0joseph.woelfel@barrons.com\u00a0<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Stock futures pointed higher Thursday\u00a0after the U.S. economy grew more than expected in the second quarter and jobless claims fell to their lowest level since February. These stocks were poised to make moves Thursday:\u00a0 Shares of Meta Platforms (META) rose 9.5% after the parent company of Facebook, Instagram, WhatsApp, and Threads, reported better-than-expected second-quarter earnings […]<\/p>\n","protected":false},"author":1,"featured_media":27990,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-41124","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-markets","tag-featured","post_format-post-format-gallery"],"yoast_head":"\nMeta, Chipotle, Southwest, Royal Caribbean, and More Market Movers | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Stock futures pointed higher Thursday\u00a0after the U.S. economy grew more than expected in the second quarter and jobless claims fell to their lowest level\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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