EDU - Hot Stocks: SNAP TWTR SKX AXP climb on earnings; SAM plunges; China turns on education stocks

Pgiam/iStock via Getty Images Earnings news once again drove premarket trading in several big names on Friday, this time focused on the social media sector. Both Snap (SNAP) and Twitter (TWTR) gained ground on their respective quarterly reports. At the same time, Skechers (SKX) and American Express (AXP) also experienced buying interest in the wake of their earnings releases. On the other side of the spectrum, Boston Beer (SAM) posted a sharp decline, pulled down by disappointing results. Outside of earnings, China remained the main source of conversation on Wall Street. This time, regulators in the country have turned their gaze on education companies. This has sparked a massive sell-off in shares of TAL Education (TAL), Gaotu Techedu (GOTU) and New Oriental (EDU). Social media service Snap reported better-than-expected earnings on Thursday night, helped by revenues that more than doubled from the previous year. The company also increased its user

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Hot Stocks: SNAP, TWTR, SKX, AXP climb on earnings; SAM plunges; China turns on education stocks