Stocks – Verizon, Intel Rise Premarket; Amazon, Boeing Fall

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© Reuters. © Reuters. – Stocks in focus in premarket trading on Friday:

• Verizon (NYSE:) stock rose 0.7% in premarket trade by 8:20 AM ET (12:20 GMT) after the company added more monthly subscribers than expected.

• (NASDAQ:) stock declined 6% in premarket trade after the company forecast operating income in the current quarter well below the consensus. Revenue and profit growth also slowed at AWS in the third quarter, the cloud-computing business that has generated most of its profits in recent years.

• Intel Corporation (NASDAQ:)stock jumped 3% after the company posted a quarterly profit of $1.42 per share, which was above forecasts. The chipmaker also raised its full-year revenue outlook.

• Boeing (NYSE:)stock dipped 0.6% after it was blamed in an Indonesian report for the fatal crash of a Lion Air flight involving the company’s 737 MAX jet.

•Anheuser Busch Inbev (NYSE:) stock slumped 8.3% after the brewer cuts its full-year forecasts due to declining sales in Brazil and South Korea. It also reported a sharp drop in sales volumes in China.

• Visa (NYSE:) stock inched down 0.2% even as its revenue was higher than expected due to more debit and credit card spending.

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