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Tesla CEO Elon Musk said he has found a new chief executive for Twitter.
Lillian Suwanrumpha/AFP via Getty Images
Stock futures were rising Friday as Wall Street came off a mostly down day despite data that showed a further cooling of the U.S. economy.
These stocks were poised to make moves Friday:
Tesla
(TSLA) was rising 1.6% in premarket trading after CEO Elon Musk said he has found a new chief executive for Twitter. The announcement came as a relief for investors in the electric-vehicle company who have worried that Musk has been too busy with, or distracted by, running the social media platform. The Wall Street Journal reported that Linda Yaccarino, NBCUniversal’s head of advertising, was in discussions to become Twitter’s new CEO.
Tesla
also raised prices again across most of its electric-vehicle portfolio in the U.S.
Amylyx Pharmaceuticals
(AMLX) was rising 9.7% in premarket trading after reporting first-quarter earnings of 2 cents a share vs. analysts’ expectations for a loss of 24 cents.
Sanmina
(SANM), which provides electronics-manufacturing services, reported fiscal second-quarter earnings and revenue that beat Wall Street forecasts. The company also said it expects adjusted third-quarter earnings of $1.50 to $1.60 a share on revenue of $2.2 billion to $2.3 billion. Analysts were calling for profit of $1.51 a share on revenue of $2.23 billion.
Walt Disney
(DIS) was rising 0.6% in premarket trading. Shares of the media giant slumped 8.7% on Thursday after reporting a surprise decline in Disney+ subscribers during the company’s fiscal second quarter.
Shares of
Amazon.com
(AMZN) were rising slightly in premarket trading. Shares of the tech and online retailing giant rose 1.8% on Thursday, extending the stock’s winning streak to an eighth trading day. It’s the longest winning streak since July 17, 2018, when it rose for nine consecutive sessions, according to Dow Jones Market Data.
Netflix
(NFLX) also pointed higher in premarket trading, up 0.2%, after closing higher for a seventh straight session on Thursday. It’s the streaming stock’s longest winning streak since Sept. 7, 2021, when it rose for eight straight trading days, according to Dow Jones Market Data.
