Amazon, Toast, Walgreens rise premarket; Intel falls

By Peter Nurse

Investing.com -- Stocks in focus in premarket trade on Friday, November 11th. Please refresh for updates.

• Amazon (NASDAQ: AMZN) stock rose 2% after the Wall Street Journal reported that the online retail giant is set to make big cost cuts, including focusing on the division that houses its home assistant Alexa.

• Toast (NYSE: TOST) stock rose 10% after the restaurant management software company lifted its full-year revenue guidance as new locations and strong user revenue boosted third-quarter results.

• Intel (NASDAQ: INTC) stock fell 1.7% after JPMorgan downgraded its stance on the chipmaker all the way to ‘underweight’ from ‘overweight’, citing increased competition.

• Walgreens (NASDAQ: WBA) stock rose 2.4% after Deutsche Bank upgraded its stance on the pharmacy chain to 'buy' from 'hold', saying the stock could rally 30%.
• Wynn Resorts (NASDAQ: WYNN) stock rose 3.6% and Las Vegas Sands (NYSE: LVS) stock rose 3.8% after the casino operators benefited from China easing its Covid-19 restrictions.

• Roku (NASDAQ: ROKU) stock fell 0.4% after Jefferies initiated coverage of the streaming tech provider with a ‘hold’ rating, saying its obvious growth potential could be tempered by a difficult macro environment.

• Duolingo (NASDAQ: DUOL) stock rose 0.2% after the educational technology company reported a third-quarter loss, even while slightly lifting its outlook for the year.

You May Also Be Interested In

• IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
• Midday movers: PepsiCo, JetBlue fall; GM, Danaher and UPS rise
• After-hours movers: Tesla, Texas Instruments, Seagate, Visa and more