5 stocks to watch on Thursday: PacWest Bancorp, Qualcomm, Etsy, Datadog, Apple
AutumnSkyPhotography/iStock Editorial via Getty Images


The futures were pointing to a mild slide at the start of Thursday's trading, continuing the downward pressure that has marked the last few sessions. Investors continued to digest the Federal Reserve's latest interest rate decision. Here are some stocks to watch on Thursday:

PacWest Bancorp (PACW) plunged in premarket trading, threatening to extend a string of declines after the regional bank said it was reviewing its strategic options. After falling for the past five sessions, PACW dropped another 36% before the opening bell, weighing on the overall regional bank segment.
Qualcomm (NASDAQ:QCOM) slumped 8% in premarket action following the release of its quarterly report. The communications chip maker provided a weaker-than-projected Q3 outlook. Citing a challenging environment for the mobile phone market, the company predicted Q3 revenue of $8.1B-$8.9B, below the $9.1B that analysts were projecting. This came as QCOM issued a mixed Q2 report, with revenue that fell 17% to $9.3B.
Etsy (ETSY) exceeded projections with its Q1 earnings and revenue. The online craft marketplace disclosed a top-line total that rose 11% from last year to about $641M. The firm said its gross merchandise sales slumped 4.6% but expanded its active buyers by 1%.
The announcement of Q1 results prompted premarket buying in Datadog (DDOG), with the stock rising about 7%. The company surpassed projections on its top and bottom lines, with revenue that advanced 33% to $482M. Looking ahead, DDOG predicted Q2 revenue of $498M-$502M, compared to an analyst consensus of $501M.
Apple (AAPL) is slated to announce its quarterly results after the closing bell. Analysts expect the iPhone maker to earn $1.41 per share on revenue of $92.1B.

More on the Federal Reserve and the Stock Market:

The Fed: A 25bp Hike And A Vigilant Outlook
The Fed's Latest Rate Decision: What Should Investors Watch Going Forward?
The 2013 Tantrum In June And September Again?