During Market hours Friday – 08.01.2021:

  • The Dow (Symbol: DIA) went down 0.5%. The S&P 500 (Symbol: SPY) rose 0.6%. and the Nasdaq (Symbol: QQQ)  went up 1.3%.
  • Tesla (Symbol: TSLA) — The electric vehicle company surged more than 7% to a new record high. Tesla’s market capitalization jumped above $800 billion for the first time on Friday, making the company more valuable than Facebook, and the fifth-most valuable component of the S&P 500. Evercore ISI also upgraded Tesla to inline from underperform.
  • TripAdvisor (Symbol: TRIP) — Shares jumped more than 11% after Deutsche Bank added a short-term buy call to the online travel company, calling it a big player in the “post vaccine travel recovery.”  However, the Wall Street firm reiterated its long-term hold rating on the stock. Shares have rallied more than 20% in January.
  • Chipotle (Symbol: CMG) — The fast food chain advanced 2.5% after Loop Capital Markets named Chipotle a top pick for 2021. The Wall Street firm said Chipotle has “multiple levers” in place to drive outperformance.
  • Sarepta Therapeutics (Symbol: SRPT) — Shares dropped 50% after the top-line results for a study of Sarepta’s investigational gene therapy showed statistically insignificant results from the placebo group. The therapy was being developed for patients with Duchenne muscular dystrophy. Several Wall Street firms downgraded the stock following the news, according to FactSet.
  • U.S. Steel (Symbol: X) — Shares rallied 9% after an analyst at Deutsche Bank upgraded the steel producer to buy from sell. The analyst said U.S. Steel has “greater leverage to current elevated steel prices given costs are largely contained.”
  • Plug Power (Symbol: PLUG) — Shares of the hydrogen fuel cell company jumped more than 14%, accelerating Thursday’s 35% gain. The move comes after South Korea’s SK Group announced a $1.5 billion stake in the company.
  • F5 Networks (Symbol: FFIV) — Shares of the networking technology company gained more than 6% after F5 raised its financial targets. The company also announced that it will acquire Volterra, a software company, for $500 million.
  • Goodyear Tire (Symbol: GT)  — The tire company jumped more than 6% following an upgrade to overweight at KeyBanc. “We regard GT as a prime ‘earnings momentum’ stock with a notable multiyear de-levering thesis that stands to unlock significant equity value over time,” the firm said in a note to clients.

During Premarket hours today (Monday – 11.01.2021):

  • Gilead Sciences (Symbol: GILD) – The biopharmaceutical company raised its full-year 2020 earnings and sales outlook, as a surge in Covid-19 cases raises demand for its remdesivir treatment. Gilead now sees earnings per share of $6.98 to $7.08 compared to its prior forecast of $6.25-$6.60
  • NCR (Symbol: NCR) – NCR is offering to buy Cardtronics (Symbol: CATM) for $39 per share in cash. Cardtronics – an operator of ATMs and financial kiosks – had agreed to be sold to investment firms Apollo Global (Symbol: APO) and Hudson Executive Capital for $35 per share in mid-December.
  • Twitter (Symbol: TWTR) – Twitter shares are falling sharply in premarket trading after the company permanently suspended President Donald Trump’s account. Twitter said it took the action due to the risk of further incitement of violence.

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