During Market hours Friday — (03.09.2021):

  • The Dow (Symbol: DIA) slid 0.21%. The S&P 500 (Symbol: SPY) went down 0.02% and the Nasdaq (Symbol: QQQ) gained 0.31%.
  • Didi Global (Symbol: DIDI)— Shares of the Chinese ride-hailing giant climbed 2.3%, on pace for double-digit gains on the week amid a Bloomberg News report of Beijing potentially taking over the company. Beijing is eyeing a plan to take Didi under state control by acquiring a stake through government-run firms including Beijing Tourism Group, the report said. It is still an early-stage proposal pending government approval, according to the report, which cited people familiar with the matter.
  • MongoDB (Symbol: MDB)— Shares of the database company surged more than 26.3% Friday after reporting quarterly results late Thursday. The firm recorded a loss of 24 cents per share, which was narrower than the loss of 39 cents estimated by analysts. However, it beat revenue estimates and gave positive revenue guidance for the current quarter.
  • PagerDuty (Symbol: PD)— Software company PagerDuty jumped nearly 7% after reporting quarterly results. It reported an adjusted loss of 13 cents per share, compared to the 11 cents analysts estimated, but issued a strong outlook for current-quarter revenue.
  • DocuSign (Symbol: DOCU)— The e-signature solution provider saw its stock rise 5.2% after reporting adjusted earnings of 47 cents per share, which beat Wall Street forecasts by 7 cents. DocuSign also raised its full-year guidance for total revenue, subscription revenue and billings.
  • Joann Inc (Symbol: JOAN)— Shares of the crafts company sunk 19.44% after Telsey downgraded the stock to market perform from outperform and lowered its price target on the stock to $14 from $18. The firm said there is “limited visibility” into how sales will normalize in a post-Covid era, after Joann saw heightened demand during the pandemic.
  • Broadcom (Symbol: AVGO)— The chipmaker climbed 1.18% after reporting quarterly earnings. The company recorded adjusted earnings of $6.96 per share, beating estimates by 8 cents. It also beat slightly on quarterly revenue and gave an upbeat outlook on the current quarter, saying it’s still seeing strong demand in the 5G mobile market.
  • fuboTV (Symbol: FUBO)— The sports streaming company rose 0.81% after Arizona’s gaming department granted FuboTV a mobile betting license in the state. That makes Arizona the second state to allow mobile betting for Fubo, after its recent approval by the state of Iowa.
  • Nvidia (Symbol: NVDA)— Shares gained 2% after Jefferies reiterated its buy rating on the stock and hiked its price target to $260 from $233. The firm said Nvidia can run even higher due to its growing data center and software segments.

During Premarket hours today – (Tuesday – 07.09.2021):

  • JD.com (Symbol: JD) — Shares of JD.com gained 1.4% in early morning trading after the Chinese e-commerce giant appointed a new president. The company’s founder and CEO Richard Liu is stepping back from day-to-day operations, while Xu Lei, previously CEO of JD Retail, will take the president role and fulfill those duties.
  • Boeing (Symbol: BA) — Boeing shares dipped 0.5% in premarket trading after Ryanair, one of Boeing’s biggest customers, said it ended talks to purchase 737 MAX 10 jets. The deal would have been worth tens of billions of dollars. Ryanair cited disputes over prices.
  • Moderna (Symbol: MRNA) — The biotechnology and pharmaceutical stock ticked 0.5% lower in early morning trading after White House chief medical advisor Dr. Anthony Fauci said the rollout of Moderna’s Covid-19 vaccine booster shots in the U.S. could be delayed. Fauci said Pfizer’s booster shots will likely be ready by Sept. 20; Pfizer (Symbol: PFE) shares ticked 0.2% higher in the premarket.
  • Spotify (Symbol: SPOT) — Spotify shares gained 3.9% in the premarket after KeyBanc upgraded the music streamer’s stock to overweight from equal weight. KeyBanc said Spotify is growing its user base faster than peers.
  • Johnson & Johnson (Symbol: JNJ), Merck (Symbol: MRK), Amgen (Symbol: AMGN) — Morgan Stanley downgraded several large-cap pharmaceutical stocks, saying upside is limited for those names. The firm changed its ratings on Johnson & Johnson, Merck and Amgen to equal weight from overweight. All three names moved lower in the premarket.
  • Terminix (Symbol: TMX) — Shares of Terminix added nearly 2% in the premarket after Bank of America double upgraded the stock to buy from underperform. Bank of America said the pest control company’s turnaround “will take time to fully deliver,” but it sees a “more positive risk-reward today.”
  • Cirrus Logic (Symbol: CRUS) — Cirrus Logic shares gained more than 3% in early morning trading after Barclays upgraded the semiconductor stock to overweight from equal weight. Barclays sees further content gains at Apple benefiting Cirrus Logic over the next few years.
  • Match Group (Symbol: MTCH) — Shares of Match Group surged 11.5% in the premarket after news that the company would join the S&P 500 later in September. The online dating company will replace Perrigo Company.

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