Ford, Comcast Gain Premarket; Spotify Falls

Headphones are seen in front of a logo of online music streaming service Spotify in this illustration picture taken in Strasbourg, February 18, 2014. REUTERS/Christian Hartmann — Stocks in focus in premarket trade on Thursday, October 29th. Please refresh for updates.

  • Ford (NYSE:F) stock gained 2.9% after the U.S. car giant impressed with its third-quarter earnings, helped by stronger-than-expected demand for popular Ford trucks and SUVs as well as commercial vehicles.

  • Pinterest (NYSE:PINS) stock soared 31% after the social media company posted strong revenue and user growth in its third-quarter earnings, helped by an increase in spend from advertisers that boycotted other social media companies.

  • Anheuser Busch Inbev (BR:ABI) ADR rose 0.8% after the world’s largest brewer reported earnings that surpassed expectations on the back of strong demand in the U.S. and Brazil.

  • Royal Dutch Shell (LON:RDSa) ADR rose 3.5% after the European oil major raised its dividend after reporting a larger-than-expected profit for the third quarter.

  • Comcast (NASDAQ:CMCSA) stock rose 2.4% after the telecommunications conglomerate reported strong third-quarter earnings, helped by beating estimates for high-speed internet customer net additions and further growth to its new streaming service.

  • Moderna (NASDAQ:MRNA) stock rose 4.9% after the company said it was preparing to launch its experimental Covid-19 vaccine and had already received $1.1 billion in deposits for supply.

  • Inphi (NASDAQ:IPHI) stock soared 26% after the Wall Street Journal reported that Marvell (NASDAQ:MRVL), down 6.4%, is nearing a deal to buy the semiconductor, as the industry rapidly consolidates.

  • Kraft Heinz (NASDAQ:KHC) stock rose 2.7% after the food company reported growth in quarterly revenue, as consumers cooking more at home bought more of its packaged foods and condiments.

  • Spotify (NYSE:SPOT) stock fell 4% after the streaming music service reported a slightly wider-than-expected loss for its latest quarter. There was good news, with premium subscriber numbers rising by a better than expected 27%.

  • Shopify (NYSE:SHOP) stock rose 3.8% after the e-commerce firm beat expectations as more firms took advantage of its platform to tap the pandemic-driven surge in online shopping.

  • Yum! Brands (NYSE:YUM) stock rose 2% after the owner of fast food chains reported a smaller-than-expected drop in comparable sales, helped by a rise in online orders.

  • United Airlines (NASDAQ:UAL) stock rose 0.3% after the airline said it will offer free rapid Covid-19 tests to customers on select transatlantic flights, in an attempt to reduce travel quarantines which have stunted international travel.

  • Visa (NYSE:V) stock fell 1% after the payments processor reported a drop in profit of 29% from a year earlier due to fewer transactions on its payment network.