Stocks

Today’s Stocks to Watch: Alphabet, Diageo, and PDD

February 5, 2025 OnEquity

Key Points To Watch Out For:

  • Shares in Alphabet and AMD fall after financial reports fall short of expectations
  • Chipotle and Match struggle, while Mattel and Snap make positive surprises
  • Walt Disney and Uber publish their quarterly results today

Alphabet (GOOGL): Drop in Cloud Computing Revenues

Alphabet’s income growth slowed to its lowest rate since 2023, impacted by a decline in its cloud computing business. Its shares fell 7% in pre-market trading.

Advanced Micro Devices (AMD): Disappointing Data Center Figures

Despite strong revenue growth in its data center division, AMD failed to meet expectations, leading to a 9% drop in its shares before the market opened.

Chipotle Mexican Grill (CMG): Cut in Sales Forecast

Chipotle reduced its sales forecast for this year, raising concerns among investors. The potential threat of new tariffs by former President Trump on Mexican and Canadian imports could impact its costs. Its shares fell in pre-market trading.

Mattel (MAT): Up on Barbie Sales Optimism

Toy manufacturer Mattel surprised investors with an optimistic profit forecast for this year, driven by higher demand for its Barbie dolls. The company also announced a share buyback, leading to a 15% rise in pre-market trading.

Nissan (JP:7201) and Honda (HMC): Tensions in Merger Negotiations

The proposed Nissan-Honda merger is faltering after Nissan’s board rejected the terms proposed by Honda. In Tokyo, Nissan shares fell 5%, while Honda shares rose 9%.

Novo Nordisk (NVO): Growth in Sales and Cautious Forecast

The manufacturer of Ozempic and Wegovy exceeded revenue and profit expectations but anticipates a slowdown in growth by 2025. Its shares rose 4%.

Match (MTCH): Change of CEO After Disappointing Quarter

Match Group, which owns Tinder and Hinge, replaced its CEO after reporting a decline in quarterly revenue and a weaker-than-expected sales forecast. Its shares fell 9%.

Snap (SNAP): Positive Surprise in Financial Results

Snap, the parent company of Snapchat, surprised the market with unexpected profits and better-than-anticipated sales. Its shares rose 3% in pre-market trading.

Companies Presenting Results Today

Pre-market trading: Walt Disney (DIS) and Uber Technologies (UBER).

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