U.S. Stocks to Watch: Apple, Intel, Nauticus Robotics, NANO Nuclear Energy and More

Tiger Newspress
31 Jan

These stocks were poised to make moves Friday:

Apple Inc. shares climbed 3.5% in premarket trading. Apple gave a reassuring revenue forecast for the current quarter, helping boost shares of the world’s most valuable company after its holiday results showed jarring declines for China and the iPhone.

Sales will grow by a percentage in the low- to mid-single digits, the company said during a conference call Thursday. Though that’s in line with the roughly 5% that analysts have been predicting, it was enough to soothe the nerves of investors following a mixed quarterly report.

Chip stocks jumped in premarket trading. Intel, SOXL up more than 2%; ASML, Super Micro, Applied Materials, Broadcom up 1%.

Intel Corp. reported better-than-projected fourth-quarter revenue, while the semiconductor maker cautioned that its push to become more competitive is still a work in progress.

While the $14.3 billion in fourth-quarter sales beat estimates, part of that was from customers in Asia ordering ahead of possible US tariffs, executives said. First-quarter sales will fall short of analysts’ projections because of weaker demand and market share loss to rivals.

Nauticus Robotics stock skyrocked 64% in premarket trading. Nauticus Robotics, a leading innovator in autonomous subsea robotics and software, has entered into a strategic alliance with Leidos to advance subsea autonomy solutions.

The alliance builds on a successful prior collaboration between the two organizations, which was praised by their mutual customer for its seamless execution and synergy. This new alliance aims to combine the companies' complementary expertise to develop next-generation autonomous underwater systems capable of tackling increasingly complex missions.

Nano Nuclear Energy rose 3%. Nano Nuclear Energy said it has contracted with Thermal Engineering International to help with NNE's nuclear microreactor. The New York company, which specializes in small modular reactors to produce nuclear energy, plans to work with Thermal Engineering to design and fabricate heat exchangers for its microreactor.

Thermal Energy is a supplier of heat-transfer technology to the electric-power-generation industry.

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