Top US stocks to watch before the bell: J&J, Pfizer and American Express

US officials consider whether to restart J&J’s vaccine, the EU makes an enormous order for Pfizer’s jab, American Express and Honeywell beat forecasts, Intel and Mattel raise expectations, Snap’s app improvements pay off, and Panasonic makes its biggest acquisition during a decade.
Johnson & Johnson
Advisers to the US Centers for Disease Control and Prevention will meet today to debate whether it’s safe to permit the J&J coronavirus vaccine to start out to be used again, with reports suggesting officials are keen to offer it approval.

J&J’s vaccine was paused over fears surrounding blood clots but a choice on whether it are often used again might be made later today. Notably, the ecu regulator recently recommended a warning about unusual blood clots in patients with a coffee platelet count should be added but said the general benefits outweigh the risks.

Pfizer
The European Union has agreed to shop for 1.8 billion doses of Pfizer’s coronavirus vaccine, representing the most important single deal for any coronavirus jab within the world.

The deal would be large enough to vaccinate the EU’s 450 million-strong population for 2 years. The bloc recently opened discussions about sourcing vaccines for 2022 and 2023 but didn’t state the delivery timeframe for the newest deal, which was reported by Reuters.

The additional doses would get on top of the 600 million doses ordered under two previous agreements.

American Express
American Express beat expectations within the half-moon of 2021 after releasing over $1 billion of funds it had put aside to hide potential bad loans during the pandemic, describing 2021 as a ‘transition year’ that it hopes can restore momentum to growth.

The company said net rose to $2.74 per share from just $0.41 the year before, well before the $1.61 forecast by analysts. That came because the released funds helped offset a 12% fall in revenue.

Honeywell
Honeywell International has raised expectations for this year after beating forecasts within the half-moon as demand for its automation equipment continued to grow.

The company saw sales jump 49% within the half-moon to $2.12 billion, well before the $1.79 billion expected by analysts. Adjusted net came in at $1.92, also before the $1.80 expected by Wall Street. Bottom-line net fell to $2.03 per share from $2.21.

Honeywell said it now expects to report full year sales of between $34 billion to $34.8 billion instead of its previous forecast of $33.4 billion to $34.4 billion.

Schlumberger
Schlumberger said it expects activity within the global refining industry will improve throughout 2021 and beyond as earnings came in slightly better than expected within the half-moon .

Adjusted net of 21 cents within the first three months of the year came in only below the 22 cents reported within the fourth quarter of 2020, but before the 19 cents forecast by analysts. Revenue was down 6% quarter-on-quarter because of asset disposals in North America and came in flat once they were excluded.

Schlumberger is expecting slower growth in North America going forward while international activity is predicted to extend and drive its recovery over 2021 and 2022.

Intel
Intel upped expectations for the complete year as demand for computers and cloud-computing continues to rise during the pandemic, but warned there are challenges to beat concerning the worldwide shortage in chips.

Intel’s first-quarter revenue of $18.6 billion came in above the $17.89 billion expected by analysts while adjusted earnings of $1.39 was before the $1.15 forecast. It warned revenue will fall to around $17.8 billion within the second quarter and EPS will drop to $1.05.

For the complete year, Intel now expects to report adjusted revenue of $72.5 billion and profits of $4.60 per share – marginally above Wall Street forecasts.

Panasonic
Panasonic has announced it’ll make its biggest acquisition in almost a decade by purchasing supply chain software maker Blue Yonder for $7.1 billion because it hopes to capitalise on booming demand for digital solutions during the pandemic.

Panasonic already owns a 20% stake in Blue Yonder after spending $797 million last year. The new deal values Blue Yonder at $8.5 billion once its debt is taken under consideration .

Blue Yonder serves companies like Walmart, Starbucks and Unilever. it’ll be Panasonic’s largest acquisition since buying Sanyo Electric and Panasonic Electric Works in 2011.

Mattel
Toymaker Mattel said it expects sales to grow faster than previously expected during 2021 after beating forecasts within the half-moon as people still buy toys like Barbie and Hot Wheels to stay children entertained whilst stuck reception .

The company said income came in at $874.2 million within the first three months of the year, well before the $684.2 million expected by analysts. it had been remained within the red with a ten cent per share loss, but that was far better than the 35 cent loss expected.

Mattel said it now expects annual sales to grow by 6% to eight in 2021 instead of its previous forecast to deliver mid-single digit percentage growth.

Snap
Snap beat expectations on Thursday when it said daily active users grew by 22% year-on-year within the half-moon to 280 million, slightly quite the 275.3 million forecast by Wall Street.

The social media platform said growth in North America bogged down within the period, but that overall growth was partly because of the introduction of a replacement and improved version of its Snapchat app on Android.

Revenue jumped 66% within the quarter to $770 million and was before the $743 million forecast by analysts.

JPMorgan
JPMorgan said it ‘misjudged’ how its support for a breakaway European Super League would be received by football fans and therefore the wider public after the thought swiftly collapsed.

The bank had agreed to be the only lender to the new competition and agreed to supply the billions needed to urge it off the bottom , but it quickly fell apart as most of the 12 clubs involved withdrew after facing a backlash from supporters.