During Market hours on Friday – 21.01.2022:
- The Dow (Symbol: DIA) went down 1.43%. The S&P 500 (Symbol: SPY) lost 1.96% and the Nasdaq (Symbol: QQQ) fell 2.77%.
- Netflix (Symbol: NFLX) — Shares of the streaming giant tanked 21.7%, on pace for their worst day since July 2012. The steep sell-off came after Netflix admitted that streaming competition was eating into its own growth in its fourth-quarter earnings release Thursday.
- Peloton (Symbol: PTON) — Shares of the at-home fitness company saw an 11.7% bounce on Friday after a major wipeout Thursday, when investors sold shares following a CNBC report that the company is halting production of its bikes and treadmills. Peloton then said Friday that it’s reviewing production levels and considering layoffs.
- Schlumberger (Symbol: SLB) — The oilfield services stock fell 1.8% on Friday despite a better-than-expected fourth-quarter report for Schlumberger. The company reported adjusted earnings per share of 41 cents per share, while analysts surveyed by Refinitiv were looking for 39 cents. Revenue also topped estimates. Schlumberger reported shrinking margins in its production systems unit.
- CSX (Symbol: CSX) — CSX shares dipped 3.2% even after the railroad operator beat earnings expectations for the fourth quarter. The company posted a profit of 42 cents per share, beating the StreetAccount consensus estimate by 1 cent. However, CSX reported volume fell from the previous year.
- Intel (Symbol: INTC) — Intel’s stock rose nearly 1% midday but closed flat, after the company announced plans to invest at least $20 billion in new manufacturing facilities outside Columbus, Ohio. The plants come as chipmakers work to accelerate supply to meet demand.
During Premarket hours today (Monday – 24.01.2022):
- Kohl’s (Symbol: KSS) — Kohl’s soared 27.3% in premarket trading as takeover interest in the retailer ramps up. Starboard-backed Acacia Research is offering $64 per share for Kohl’s, compared to Friday’s close of $46.84 a share. People familiar with the matter say private-equity firm Sycamore Partners has reached out with a potential offer of at least $65 per share.
- Snap (Symbol: SNAP) — Snap shares slid 5.3% in the premarket after it was downgraded to “neutral” from “outperform” at Wedbush, which sees various headwinds impacting the social media network operator’s revenue growth.
- Unilever (Symbol: UL) — Unilever surged 6.6% in the premarket following reports that Nelson Peltz’s Trian Partners has built up a stake in the consumer products giant. The size of the stake could not be determined, and Trian said it did not comment on market rumors when contacted by CNBC.
- Fox Corp. (Symbol: FOXA) — Fox added 1.6% in premarket trading after UBS upgraded the stock to “buy” from “neutral.” UBS said among traditional media companies, Fox is among the best poised to benefit from an acceleration in sports betting, and also pointed to Fox’s strong position among pay-TV providers.
- Coinbase (Symbol: COIN) — The cryptocurrency exchange operator’s shares tumbled 7.8% in the premarket, reflecting the downward move in crypto over the weekend and this morning, with Bitcoin touching its lowest level since July. Microstrategy (Symbol: MSTR) – the business analytics company that holds several billion dollars in bitcoin – plunged 12.2%.
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