Premarket Movers: META, AMZN, BMY, CVX

The stock market is always changing, and it can be overwhelming to keep up with all the latest developments. But don’t worry, we’ve got you covered!

Let’s start with Meta, the tech giant behind Facebook. Their shares soared 17% after reporting profits that tripled in the fourth quarter and issuing its first-ever dividend payout. This is huge news for the company and its investors.

Next up is Amazon, the e-commerce giant that popped nearly 7% after posting an earnings and revenue beat. Their fourth-quarter earnings were $1 per share, higher than the 80 cents expected from analysts. Revenue also came in higher than expected, at $169.96 billion.

But it’s not just tech companies making moves. Bristol-Myers Squibb, a pharmaceutical company, saw their shares jump 2.4% after reporting better-than-expected earnings and revenues for the fourth quarter. This is great news for the health and wellness sector.

Chevron, the oil stock, also gained after reporting mixed earnings for the fourth quarter and raising its dividend by 8%. This shows that even traditional industries are experiencing growth and change.

On the flip side, Skechers, the sneaker manufacturer, saw their stock fall nearly 9% after posting mixed fourth-quarter results and issuing light guidance for the full year. It’s important to stay informed about both the successes and setbacks in the market.

And of course, we can’t forget about Apple. Their shares fell more than 3% after providing guidance for the current quarter that hinted at weak iPhone sales. Despite this, they did report higher-than-expected earnings per share for the fourth quarter.

In the consumer products sector, Clorox shares rallied 7% after posting an earnings and revenue beat for its fiscal second quarter. This is yet another example of a company exceeding expectations and experiencing growth.

These are just a few of the many companies making moves in the market. It’s important to stay informed and educated about these developments, whether you’re a seasoned investor or just starting out. Keep an eye on the news and remember that the stock market is always changing.

Stay tuned for more updates and insights from the world of finance and investing. Happy investing!

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