Snapchat's parent company Snap Inc (NYSE: SNAP) shares surged more than 20% on Wednesday in pre-market trading after the company reported better-than-expected third-quarter financial results. The Social media company registered a 52% increase in revenue at $679 million in its third quarter.
Logitech (NASDAQ: LOGI) share price rose more than 16% after the company reported strong second-quarter financial results on Monday. The company profit for the last quarter jumped to $266.9 million from $72.9 million, as sales surged 75% to $1.26 billion.
Johnson & Johnson (NYSE: JNJ) reported better-than-expected third-quarter financial results on Tuesday. The stock fell more than 2% on Tuesday on concerns around the company pausing its covid-19 vaccine trials.
This week Investors will shift their attention to major US bank's earnings. JPMorgan (NYSE: JPM) and Citigroup (NYSE: C) are both due to release results on Tuesday, followed by Goldman Sachs (NYSE: GS), Wells Fargo (NYSE: WFC), Bank of America (NYSE: BAC), and Morgan Stanley (NYSE: MS) later in the week.
Airline stocks closed higher for the second consecutive week on Friday after the US President Trump urged $25 billion in relief for the industry. Overall, the momentum for Airline shares remained bullish throughout last week.