Nasdaq futures are rising as stocks look to get back on track

Nasdaq futures rebounded nearly 2% on Thursday, boosted by a 14% pop in shares of Facebook parent Meta Platforms (FB) to better -than -expected earnings. Bond yields rose as data showed a slowdown in U.S. economic growth in the first quarter. After the bell Thursday, megatech continued to lead U.S. companies with quarterly results as Apple (AAPL) and Amazon (AMZN) are scheduled to report. (CNBC)

The tech-heavy index, already in the bear market, closed Wednesday at its lowest for the year, a day after its worst single-session sell-off since September 2020. The Dow and the S&P 500 are both set open higher Thursday after ending the previous session with moderate gains. The S&P 500 is still in correction. The Dow is just below the correction threshold of falling 10% or more from recent highs. (CNBC)

The benchmark 10-year Treasury yield on Thursday rose, trading around 2.88%, after the government reported that the U.S. economy contracted 1.4% in the first quarter. The Federal Reserve will pay special attention to the data as it seeks a sweet spot to aggressively raise interest rates to fight inflation without closing the door on economic growth. (CNBC)

Meta Platforms (FB) reported mixed results in the first quarter after the closing bell on Wednesday. However, while revenue was not picked up, the key engagement metrics came in better than expected and so did the revenues. Despite rising to approximately $ 199 per share in the premarket, that level would still keep Meta Platforms down by approximately 40% for the year. (CNBC)

* Investing Club: Facebook earnings show that our faith in Mark Zuckerberg is not placed elsewhere

Twitter (TWTR) released earnings for the first quarter before the opening bell on Thursday, in what may be one of its last reports as a public company after the social media network’s board agreed to sell Elon Musk for $ 44 billion. Twitter shares rose about 1% to about $ 49 each on premarket but that’s less than $ 54.20 per share of Musk’s cash offer. (CNBC)

* Judge overturns Elon Musk’s bid to end SEC authorization order (CNBC)
* Comcast Q1 results whip across the board, media raises, parks revenue (CNBC)

Three Dow stocks reported gains before the bell on Thursday. McDonald’s (MCD) is set to open 2% higher after delivering better -than -expected revenue. Caterpillar (CAT) is set to open 2% lower despite losing revenue and earnings. Merck is set to open about 2% after beating the top and bottom lines, helped by its Covid oral antiviral Molnupiravir. (CNBC)

Eli Lilly shares jumped more than 3% in the premarket Thursday, shortly after releasing promising data from a 72-week trial of its obesity drug tirzepatide. Participants lost up to 22.5% of their body weight, or about 52 pounds. Also before the bell, Lilly reported better-than-expected quarterly earnings and earnings. The drugmaker lowered the full-year revenue guide but raised its outlook for revenue.

* Moderna asks FDA to approve Covid vaccine for children under 6 years of age (CNBC)

Ford (F) posted first-quarter results on Wednesday night, slightly beating expectations on earnings and earnings. However, the automaker’s net profit was dragged down by a stake in electric vehicle maker Rivian Automotive (RIVN) and reduced vehicle production. Ford shares rose 3% in the premarket. (CNBC)

* Ford cuts 580 U.S. salaries, contract employees because it focuses more on EVs (CNBC)
* Ford CEO says pricing pays for rising commodity costs, sees future improvement (CNBC)
* Investing Club: Ford still manages top estimates and maintains a clear outlook

Southwest Airlines (LUV) rose more than 3% in premarket trading after the company delivered an optimistic outlook. Southwest said it expects to increase its revenue by 8% to 12% in the second quarter from the same period in 2019, before the pandemic.

Russian President Vladimir Putin has warned the West of a “lightning fast” response to any country interfering in the war with Ukraine and creating “strategic threats” for Moscow. Meanwhile, NATO Secretary-General Jens Stoltenberg said the conflict between Russia and Ukraine is likely to last for years. (CNBC)

Teladoc (TDOC) reaped 43% after the telehealth company reported a lack of revenue, as well as a disappointing revenue guide. Teladoc reported a loss of $ 41.58 per share and generated revenue of $ 565.4 million.

PayPal (PYPL) rose 3.4% in early trading after it beat revenue estimates for the first quarter and posted a slight increase in the volume of payments. The stock price rose despite the release of weak guidance for the second quarter and the entire year.

* Investing Club: PayPal’s quarter was OK, but the guide was resetting lower than we expected

Qualcomm (QCOM rallied about 7% premarket after a better-than-expected quarterly report. Qualcomm posted adjusted earnings per share of $ 3.21 on revenue of $ 11.16 billion. Analysts expect to earn $ 2.95 per share in revenue of $ 10.63 billion, according to StreetAccount.

* Investing Club: Qualcomm’s plan to diversify into new markets pays blowout profits

Pinterest (PINS) rose more than 8% on the back of better -than -expected revenue on Wednesday. Pinterest reported adjusted revenues of 10 cents per share and revenues of $ 575 million. In comparison, analysts polled by Refinitiv expect earnings of 4 cents per share on revenues of $ 573 million.

ServiceNow (NOW) jumped more than 8% following the company’s first quarter earnings report. The platform-as-a-service provider earned $ 1.73 per share on an adjusted basis and posted $ 1.72 billion in revenue. Both beat the estimates.