First Republic, Intel, Amazon, and More Stock Market Movers

*** ONE-TIME USE *** Packages move along a conveyor belt at an Amazon Fulfillment center on Cyber Monday in Robbinsville, New Jersey, US, on Monday, Nov. 28, 2022.

© Stephanie Keith/Bloomberg
*** ONE-TIME USE *** Packages move along a conveyor belt at an Amazon Fulfillment center on Cyber Monday in Robbinsville, New Jersey, US, on Monday, Nov. 28, 2022.

U.S. stock futures fell early Friday amid mixed moves from some of the biggest tech companies including Amazon, Intel, and Snap, which all posted updates, and reports that authorities are working to secure further assistance for the regional lender First Republic Bank.

These stocks were poised to make moves Friday: 

First Republic (ticker: FRC) was up 4.7% to $6.48 in the Friday premarket following its 8.8% gain Thursday. Officials from the U.S. government, Federal Reserve, and Federal Deposit Insurance Corporation, were reported by Reuters as coordinating meetings to provide a lifeline to the bank.


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Chip maker Intel (INTC) posted a narrower-than-expected first-quarter loss and revenue that fell from a year earlier but beat analysts’ expectations. The company’s outlook called for second-quarter revenue of $11.5 billion to $12.5 billion, which was above consensus of $11.74 billion at the midpoint. The stock was up 5.4%. Shares were upgraded to Buy from Hold by analysts at Benchmark. (AMZN), the online retailing and tech giant, reported first-quarter earnings that easily surpassed Wall Street estimates but the stock was down 2.3% in premarket trading after details emerged from the conference call about revenue from Amazon Web Services slowing amid economic uncertainty. Profit in the period was $3.17 billion, the highest since 2021.

Snap (SNAP), the parent company of social media platform Snapchat, was sinking 18.1% in premarket trading after first-quarter sales fell 7% to $988.6 million and missed Wall Street forecasts. “We are working to accelerate our revenue growth and we are using this opportunity to make significant improvements to our advertising platform to help drive increased return on investment for our advertising partners,” CEO Evan Spiegel said in a statement.

Cloudflare (NET), the internet infrastructure company, was down 25.7% after revising its full-year sales guidance down. First Solar (FSLR) fell 8.4% after first-quarter earnings were not as strong as expected. Pinterest (PINS) sank 13.8% after disappointing with its forecast, and Gilead Sciences (GILD) gained 0.3% despite its profit missing Street expectations.

Shares of T-Mobile (TMUS) were down 1.9% in premarket trading despite the telecommunications company boosting expectations for subscriber growth in 2023. T-Mobile said it anticipates postpaid net customer additions of between 5.3 million and 5.7 million this year, up from its prior guidance of 5 million to 5.5 million.

Colgate-Palmolive (CL) shares rose 0.6% after the consumer products company’s first-quarter earnings beat expectations and it raised its net sales growth guidance for the year.

Oil giants Exxon Mobil (XOM) and Chevron (CVX) both beat on first-quarter earnings. Shares of Exxon rose 0.4% early Friday, while Chevron stock shed 0.6%.

Newell Brands (NWL) shares lost 0.3% after the owner of Rubbermaid, Sharpie, Paper Mate, and Graco brands posted a wider-than-expected loss for its first quarter.

Charter Communications (CHTR) fell 0.2% after the cable company missed on earnings for its first quarter.

Write to Joe Woelfel at and Rupert Steiner at

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