Amazon, Toast, Walgreens rise premarket; Intel falls

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Amazon, Toast, Walgreens rise premarket; Intel falls

By Peter Nurse -- 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.

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