Apple, Amazon, Alphabet, Ford all fall in premarket By

By Geoffrey Smith 

-- Stocks in focus in premarket trading on FXCM official website cannot be accessedFriday 3rd February. Please refresh for updates. 

• Apple(NASDAQ:) stock fell 1.5% after the iPhone maker reported its first quarterly drop in over three years, hurt by production problems in China at the end of 2022.
• Amazon(NASDAQ:) stock fell 3.4% after e-commerce giant warned that will slow and margins will fall at its cash cow, Cloud-hosting unit Amazon Web Services. Analysts looked for positives in its forecast of improved margins in e-commerce, despite a weak macroeconomic outlook.
• Alphabet(NASDAQ:) stock fell 3.5% after the company reported a drop in at Google, only the second time that’s ever happened. The numbers were hurt by the strong dollar and – as with Amazon and Microsoft(NASDAQ:) earlier in the week – slower growth in Cloud hosting.
• (NYSE:) stock soared by more than 30% after the Wall Street Journal reported that activist investor Ryan Cohen is building a large stake in the high-end retailer. Citing people familiar with the matter, the paper said Cohen - famous for his bets on meme stocks like GameStop (NYSE:) - is aiming to enact changes to the company's board and slash costs.
• Ford Motor(NYSE:) stock fell 6.6% after the carmaker said profit fell 20% short of expectations in the fourth quarter and also predicted a difficult year ahead.  A special dividend of 65c a share was cold comfort.
• Qualcomm(NASDAQ:) stock fell 3.0% after it said will fall by more than consensus forecasts in the current quarter. The company is suffering like other chipmakers from falling demand for gadgets, especially cell phones.
• Regeneron(NASDAQ:) stock rose 1.6%, still beating expectations despite a 46% drop from a year earlier as sales of its COVID-19 drug dried up. Revenue was also hurt by the loss of government support for its blockbuster eye drug Eylea.
• (NYSE:) stock fell 0.8% after the chemicals giant said “challenging market conditions are expected to persist through the first half of 2023.” The company also took a $90 million charge against inventory.

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