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Here Are Three Hot Things to Know About Stocks Right Now

  • The Dow Jones Industrial Average undefined   ended higher Thursday but the Nasdaq undefined fell sharply after Facebook Inc.  (FB)  tumbled.
  • Facebook dropped 20% after a revenue miss and after the social media giant pointed to slower growth rates.
  • Advanced Micro Devices Inc. (AMD) rose 14% after the chipmaker swung to a profit in the second quarter and beat analysts' estimates.

Wall Street Overview

Stocks ended mixed on Thursday, July 26, as investors reacted with caution to a preliminary agreement between the European Union and the United States to move toward the elimination of trade barriers and as shares of Facebook Inc. (FB)  tumbled after the company warned of slower growth.

President Trump called talks in Washington with European Commission President Jean-Claude Juncker a "breakthrough ... that nobody thought possible" after the pair agreed to work toward a zero-tariff trade relationship and reform the World Trade Organization.

The Dow Jones Industrial Average undefined  rose 113 points, or 0.44%, 25,527, the S&P 500 undefined  fell 0.3% and the Nasdaq undefined  tumbled 1% as Facebook plunged 19%.

The social media giant reported revenue that missed analysts' expectations for the first time since 2015, and projected slower growth.

Facebook Chief Financial Officer Dave Wehner said he expects the company's annual revenue growth to decelerate in the third and fourth quarters. He also said efforts to grow and promote "certain engaging experiences like Stories that currently have lower levels of monetization" would have an impact.

Wehner also indicated that operating margins would trend toward the mid-30s on a percentage basis over the next few years.

Facebook is a holding in Jim Cramer's Action Alerts PLUS member club. Want to be alerted before Jim Cramer buys or sells FB? Learn more now.

McDonald's Corp. (MCD)  fell 1.8% after it reported adjusted earnings of $1.99 a share in the second quarter, beating estimates of $1.92. Revenue of $5.35 billion fell from $6.05 billion a year earlier. Analysts had forecast revenue of $5.32 billion.

The hamburger chain said global same-store sales rose 4%, with U.S. growth of 2.6%. Analysts had expected U.S. sales to rise 3%.

Comcast Corp. (CMCSA) posted stronger-than-expected second-quarter earnings Thursday even as America's biggest cable company lost tens of thousands of subscribers to its video service amid the ongoing "cord cutting" that continues to fragment the media industry. Shares rose 3.8%.

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Under Armour Inc. (UAA) posted a second-quarter adjusted loss of 8 cents a share, matching estimates. Revenue of $1.17 billion topped analysts' forecasts of $1.15 billion. The stock rose 5%.

Raytheon Co. (RTN) earned $2.78 a share in the second quarter, topping forecasts of $2.34. Sales in the quarter of $6.6 billion edged out estimates. The stock, however, fell 2.8%.

After the bell Inc. (AMZN)   posted earnings of $5.07 a share, more than double the $2.48 consensus of analysts. Revenue missed estimates, however. Shares rose 4% in after hours trading.

Intel Corp. (INTC)  and Starbucks Corp. (SBUX)  are also reporting after the bell Thursday.

Amazon, Comcast and Raytheon are holdings in Jim Cramer's Action Alerts PLUS member club. Want to be alerted before Jim Cramer buys or sells the stocks? Learn more now.

Advanced Micro Devices Inc. (AMD) swung to a profit in the second quarter and beat estimates, lifting shares 14% on Thursday.

Qualcomm Inc. (QCOM) topped fiscal third-quarter earnings expectations, and the chipmaker said it would walk away from its purchase of NXP Semiconductors NV (NXPI) . Qualcomm shares rose 7%.

PayPal Holdings Inc. (PYPL) beat earnings and revenue estimates in its second quarter, but the payments giant's revenue outlook for the third quarter fell slightly short of analysts' expectations. Shares fell 2.4%.

PayPal is a holding in Jim Cramer's Action Alerts PLUS member club. Want to be alerted before Jim Cramer buys or sells PYPL? Learn more now.

United Natural Foods Inc. said Thursday it would buy SuperValu Inc. (SVU) for $32.50 a share in cash, or about $2.9 billion. Supervalu shares jumped 65% to $32.17.

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