During Market hours on Friday – 29.04.2022
- The Dow (Symbol: DIA) went down 2.83%. The S&P 500 (Symbol: SPY) lost 3.70% and the Nasdaq (Symbol: QQQ) dropped 4.50%.
- Amazon (Symbol: AMZN) — Shares of the e-commerce company slumped 14% after issuing weak revenue guidance for the current quarter. Amazon also shared a $7.6 billion loss on its investment in electric vehicle maker Rivian, which lost more than half of its value in the previous quarter.
- Honeywell (Symbol: HON) — Honeywell’s stock price rose 1.8% after the aerospace products company topped analysts’ expectations. The company posted earnings of $1.91 per share on revenues of $8.38 billion. In comparison, analysts expected earnings of $1.86 earnings per share on revenues of $8.29 billion, according to Refinitiv.
- Mohawk Industries (Symbol: MHK) — The flooring company’s shares jumped 7.8% following Mohawk’s quarterly results. Mohawk topped revenue estimates of $2.85 billion, according to FactSet, posting $3.02 billion for the quarter.
- AbbVie (Symbol: ABBV) — Shares of the biopharmaceutical company plummeted 6% after AbbVie lowered its full year guidance. AbbVie reported earnings of $3.16 per share, surpassing FactSet consensus estimates of $3.14 earnings per share. However, the company reported a wide revenue miss with revenues of $13.54 billion, compared to consensus estimates of $13.66 billion from FactSet.
- Intel (Symbol: INTC) — Intel’s stock price tumbled 6.9% after the semiconductor company issued weaker-than-expected guidance for its fiscal second quarter. The company reported earnings that otherwise surpassed expectations.
- Roku (Symbol: ROKU) — Roku’s stock gained 1.3% after the company beat revenue estimates. The company posted revenue of $733.7 million, compared to analysts’ expectations of $718.1 million, according to FactSet. The digital media player manufacturer also issued weak revenue guidance for the second quarter.
- Tesla (Symbol: TSLA) — Shares dipped slightly after CEO Elon Musk sold roughly $8.4 billion of Tesla’s stock following his bid to take Twitter private.
During Premarket hours today (Monday – 02.05.2022):
- Activision Blizzard (Symbol: ATVI) — Activision shares jumped 2.7% in premarket trading after Warren Buffett told the Berkshire annual meeting that the company had increased its stake in the videogame maker.
- Bilibili (Symbol: BILI) — The China-based online gaming company’s stock slid 4.2% in the premarket after Jefferies cut its price target to $51.30 from $61.50 per share, citing Bilibili’s recent cut in its revenue outlook due to the resurgence of Covid cases in China.
- Moody’s (Symbol: MCO) — The credit ratings company missed estimates by a penny a share, with quarterly profit of $2.89 per share. Revenue was slightly above analysts’ projections. Moody’s also cut its full-year revenue outlook due to its expectation of continued market volatility, and the stock fell 3.6% in the premarket.
- Berkshire Hathaway (Symbol: BRK.B) — Berkshire posted a mixed quarter, with first-quarter earnings beating estimates as revenue fell short of Wall Street forecasts. Earnings were down from a year ago due to stock market turbulence and an increase in insurance claims.
*Any information contained in this article, including any information contained in external third party links, if any, is solely for informational purposes and does not contain, or should not be construed as containing, investment advice or an investment recommendation, or, an offer of or solicitation for any transactions in financial instruments. Past performance does not guarantee or predict future performance. Colmex Pro Ltd does not take into account your personal investment objectives or financial situation and makes no representation, and assumes no liability to the accuracy or completeness of the information provided, nor for any loss arising from any investment based on presented information.