Snap, Twitter, Verizon Fall Premarket; CSX, Schlumberger Rise By Investing.com

By Peter Nurse

Investing.com — Stocks in focus in premarket trade on Friday, October 21st. Please refresh for updates.

• Snap (NYSE:) stock slumped 28% after the owner of photo messaging app Snapchat forecast zero revenue growth for the current quarter, facing strong competition for advertising spending.

• Twitter (NYSE:) stock fell 4.7% after Bloomberg reported that the Biden administration is considering subjecting Elon Musk’s takeover bid to a national security review, potentially scuppering the deal.

• Verizon (NYSE:) stock fell 3.7% after the telecoms giant posted a 23% slide in profit and missed market estimates for wireless subscriber additions, as several customers opted for cheaper plans from rivals.

• Pinterest (NYSE:) stock fell 8.5%, Meta Platforms (NASDAQ:) stock fell 4.9%, and Alphabet (NASDAQ:) stock fell 2% after triggered a slide in other social media stocks dependent on advertising revenue.

• American Express (NYSE:) stock fell 4.7% after the credit card company built provisions to $778 million in the reported quarter to prepare for potential defaults, even as it said its profit had modestly improved.

• CSX (NASDAQ:) stock rose 3.6% after the railroad operator reported strong , beating expectations on both the top and bottom lines.

• Whirlpool (NYSE:) stock fell 4.8% after the household appliances manufacturer company reported weak net sales, while its bottom line was hurt by short-term headwinds.

• Robert Half (NYSE:) stock dropped 12.3% after the employment agency reported disappointing , as the previous high demand for temporary and part-time staffing slowed.

• Schlumberger (NYSE:) stock rose 1.3% after the oil services provider reported a 65% jump in profit as a surge in encouraged drilling activity.

• Juniper Networks (NYSE:) stock rose 2.7% after Raymond James upgraded its stance on the networking products provider to ‘strong buy’ from ‘outperform’, saying it can rally 30%.

• SVB Financial (NASDAQ:) stock slumped 18% after the commercial bank lowered its 2022 outlook for deposits, net interest income, and net income margin, citing a “challenging environment.”