During Market hours on Friday – 01.04.2022
- The Dow (Symbol: DIA) went up 0.34%. The S&P 500 (Symbol: SPY) gained 0.3% and the Nasdaq (Symbol: QQQ) lost 0.2%.
- Tellurian (Symbol: TELL) — The liquified natural gas company (LNG) surged 19.4% after Credit Suisse upgraded Tellurian to outperform, saying LNG prices are high and may continue to be for the foreseeable future.
- BlackBerry (Symbol: BB) — BlackBerry shares fell 9.5% after the communications software company reported disappointing cybersecurity revenues for the previous quarter. The company said Thursday that revenues for its cyber came in at $122 million, below a StreetAccount estimate of $126 million.
- Chinese EV makers — Chinese electric vehicle makers’ shares were higher after reporting a March surge in car deliveries despite a rise in Covid cases and raw materials costs. Shares of Li Auto (Symbol: LI) and Xpeng (Symbol: XPEV) each increased about 5%, while Nio (Symbol: NIO) added 4%.
- Dell (Symbol: DELL) — Dell shares fell 2.7% after Goldman Sachs downgraded the computer builder to neutral from buy amid mounting pressure on the PC market. Dell “remains inexpensive compared to its peers, but we see increasing fundamental headwinds hindering this value unlock,” the firm said.
- Qualcomm (Symbol: QCOM) — Shares of the chip stock fell 3.8% after JPMorgan removed Qualcomm from its Analyst Focus list for the month of April. The Wall Street firm cited “near-term challenges relative to consumer spending.”
During Premarket hours today (Monday – 04.04.2022):
- Twitter (Symbol: TWTR) – Twitter shares soared 26.1% in the premarket after a Securities and Exchange Commission filing showed that Tesla CEO Elon Musk had taken a 9.2% passive stake in Twitter.
- Starbucks (Symbol: SBUX) – Starbucks has suspended its share repurchase program, in a move it says will allow it to invest in future growth for the coffee chain. The move comes as Howard Schultz returns for a third stint as CEO, replacing the retiring Kevin Johnson. Starbucks fell 2.3% in premarket action
- Hertz (Symbol: HTZ) – The car rental company announced a new partnership that will see Hertz buy up to 65,000 electric vehicles from electric vehicle maker Polestar over the next five years. Hertz gained 2.3% in the premarket.
- Logitech (Symbol: LOGI) – Logitech was upgraded to “buy” from “neutral” at Goldman Sachs, which is encouraged by the recent strong financial performance for the maker of computer mice, keyboards and other computer peripheral devices. Logitech jumped 4.3% in the premarket.
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