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.

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