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Apple, Merck rise; Caterpillar, Expedia fall

Friday, July 31, 2020 | The Associated Press

NEW YORK (AP) — Stocks that moved heavily or traded substantially on Friday:

Exxon Mobil Corp., up 21 cents to $42.08.

The company lost $1.1 billion and its revenue dropped by half in the second quarter as the pandemic kept households on lockdown.

Expedia Group Inc., down $3.92 to $81.01.

The company reported weak earnings and its CEO said the second quarter was likely the worst the travel industry has seen.

Merck & Co., up $1.25 to $80.24.

The drugmaker easily surpassed Wall Street's forecasts thanks to surging sales of cancer medicines and lower expenses.

Church & Dwight Co., Inc., up $6.27 to $96.33.

The maker of Arm & Hammer cleaning products reported surprisingly strong results.

Caterpillar Inc., down $3.85 to $132.88.

The maker of steamrollers and bulldozers’ sales dropped 31% in the second quarter as dealers culled construction equipment from showrooms.

Johnson Controls International plc, up $1.24 to $38.48.

The maker of heating, ventilation and air conditioning equipment beat third-quarter forecasts, and issued an upbeat sales outlook.

Apple Inc., up $40.28 to $425.04.

The iPhone maker reported results that easily surpassed analysts’ forecasts, including an 11% rise in revenue and 12% profit growth.

Amazon.com Inc., up $112.80 to $3,164.68.

The online retailer’s profit doubled even after spending more than $4 billion on COVID-19 related costs.

Companies Mentioned in This Article

CompanyBeat the Market™ RankCurrent PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
Caterpillar (CAT)2.2$134.92+0.4%3.05%18.11Hold$137.94
Apple (AAPL)2.3$444.45-2.4%0.74%33.80Buy$373.92
Church & Dwight (CHD)1.9$94.96-0.2%1.01%33.09Hold$89.43
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Top Ten Brokerages You Can Trust

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View the "Top Ten Brokerages You Can Trust".

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