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Stocks are broadly higher midday Friday in New York after making positive progress during the morning session.
The S&P 500 added 0.8%, and the Dow Jones Industrial Average gained 0.2%.
Tweet on trending stocks
Marketwatch:
Netflix: Shares gained nearly 7% premarket.
Alphabet:stock rose 3.4% in premarket.
Wayfair: stock added 7.5% premarket.
Eli Lilly: shares stood 1.8% lower premarket.
Playtika: Rovio shares surged 34%.
SLB: stock rose 1.3% premarket.#Trending #StocksToTrade pic.twitter.com/AAPBVB3HNG— The_Journalbiz (@the_journalbiz) January 20, 2023
Factset chart on trending stocks
The 10-year Treasury yield rose to 3.497%, while today the trending stocks are:
Netflix: The streaming giant said co-founder Reed Hastings has stepped down as a co-chief executive and will become executive chairman, as the company added nearly 7.7 million new customers in the fourth quarter. Shares gained nearly 7% premarket.
Alphabet: Google’s parent company said it plans to eliminate roughly 12,000 jobs, reducing staff by 6% in its largest-ever round of layoffs. Alphabet stock rose 3.4% in premarket trading.
Wayfair: The online furniture retailer said it plans to eliminate around 1,750 jobs, or 10% of its global workforce, confirming an earlier Wall Street Journal report. Wayfair stock added 7.5% premarket.
Eli Lilly: U.S. drug regulators rejected the drugmaker’s proposed new Alzheimer’s disease treatment, saying they need more data from clinical testing. Lilly shares stood 1.8% lower ahead of the opening bell.
Playtika: The Nasdaq-listed Israeli gaming company is seeking to take over Finland’s Rovio, a peer best known for the “Angry Birds” hit game. Rovio shares surged 34%.
SLB: The oil-field services company said quarterly revenue jumped 27% from a year earlier to $7.9 billion and touted a “strong multi-year upcycle for energy.” SLB stock rose 1.3% premarket.
