During Market hours on Friday – 28.01.2022:

  • The Dow (Symbol: DIA) went up 1.6%. The S&P 500 (Symbol: SPY) gained 2.5% and the Nasdaq (Symbol: QQQ) rose 3.1%.
  • Apple (Symbol: AAPL) — Shares of the tech giant jumped 6.98% following a strong quarterly report that showed its largest single quarter in terms of revenue ever. Apple beat analyst estimates for sales in every product category except iPads. Sales grew more than 11% despite supply challenges and the lingering effects of the pandemic.
  • Robinhood (Symbol: HOOD) — The stock trading app rose 9.6%, after being down more than 14% earlier in the session. Robinhood gave disappointing first-quarter guidance during its earnings report but also said it is investing heavily in product development.
  • Visa (Symbol: V) — The payments giant got a 10.6% jump in its shares after it reported an adjusted quarterly profit of $1.81 per share, which beat estimates by 11 cents. It also reported revenue that beat estimates and topped $7 billion for the first time.
  • VF Corp (Symbol: VFC) — The owner of apparel brands like North Face and Vans saw shares slide 6.5% after cutting its full-year sales forecast in its quarterly earnings report, citing delivery delays and worker shortages. The company beat analysts’ estimates on its quarterly profit and revenue.
  • Western Digital (Symbol: WDC) — Shares of the disk drive maker fell 7.3% despite the company reporting a beat on top- and bottom-line estimates for its latest quarter. It also issued a weaker-than-expected outlook and said supply chain issues prevented it from fully meeting strong demand.
  • ChargePoint (Symbol: CHPT) — The EV charging stock surged 10.4% following an upgrade to overweight from JPMorgan. The analysts said in a note that the company still had a long potential growth path ahead and that lack of near-term profits should not be a major concern.
  • Caterpillar (Symbol: CAT) — The machinery stock fell 5.1% despite a fourth-quarter report that beat estimates on the top and bottom lines. However, the company’s operating profit margin shrank, reflecting higher costs.
  • Synchrony (Symbol: SYF) — Shares fell 6.7% after the company said it sees an increase from current levels in net charge-offs and delinquencies as part of its quarterly results. The financial services firm reported earnings that were in line with Wall Street forecasts.

During Premarket hours today (Monday – 31.01.2022):

  • Citrix Systems (Symbol: CTXS) – Citrix is near a deal to be taken private for roughly $13 billion, according to multiple media reports. The deal would see the cloud computing company acquired by Vista Equity Partners and an affiliate of Elliott Management for $104 per share. That’s below the Friday closing price for Citrix of $105.55 a share, with the stock up over the past few months on reports of takeover talks.
  • BlackBerry (Symbol: BB) – The communications software company’s stock tumbled 6.1% in the premarket after it announced a deal to sell its non-core patent assets for $600 million. The patents primarily involve mobile devices, messaging and wireless networking, with patents essential to its current core business not involved in the deal. The buyer is Catapult IP innovations, a special purpose vehicle formed specifically to buy those patents.
  • Otis Worldwide (Symbol: OTIS) – The elevator and escalator maker reported quarterly profit of 72 cents per share, 4 cents a share above estimates. Revenue essentially came in line with forecasts. Otis also said sales growth would slow this year and forecast adjusted 2022 earnings per share at $3.20 to $3.30, compared to a consensus estimate of $3.29 a share.
  • Netflix (Symbol: NFLX) – Netflix added 2.5% in the premarket after Citi upgraded the stream service’s stock to “buy” from “neutral.” Citi said that following the recent sell-off, prevailing equity values don’t reflect material subscriber growth prospects or improving subscriber economics beyond 2023.

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