IBM, Intel and Ford Fall Premarket By Investing.com

By Peter Nurse 

Investing.com — Stocks in focus in premarket trade on Friday, January 22nd. Please refresh for updates.

• Intel (NASDAQ:INTC) stock fell 4.8% after the tech giant disclosed that financially sensitive information was stolen by a hacker from its corporate website, while also announcing plans to do more licensing deals with rivals.

• IBM (NYSE:IBM) stock fell 8.4% after the tech company missed Wall Street estimates for quarterly revenue late Thursday, hurt by a rare sales decline in its software unit.

• Ford Motor Company (NYSE:F) stock fell 0.8% after the auto giant said it will recall 3 million vehicles for airbag inflators that could rupture, at a cost of $610 million.

• Seagate Technology (NASDAQ:STX) stock dropped 4.5% after the data storage company offered disappointing guidance for the third quarter, despite its fiscal second quarter results beating on top and bottom lines.

• Schlumberger (NYSE:SLB) stock fell 2.4% despite the oil services firm beating quarterly expectations on both the top and bottom lines. However, the sector is weaker as crude prices head sharply lower.

• MicroStrategy (NASDAQ:MSTR) stock fell 1.1% on the drop in bitcoin’s value. The business analytics company made over $1 billion in bitcoin purchases during 2020.

• PPG Industries (NYSE:PPG) stock fell 3.9% after the paint and coatings maker noted that reduced levels of driving due to the pandemic weighed on its car paint business.

• Siemens (OTC:SIEGY)ADR rose 1.6% after the German engineering giant’s two main units reported higher-than-expected first-quarter profit, moving the company to say it will review its 2021 guidance.