During Market hours yesterday – (Friday – 30.04.2021):

  • Amazon (Symbol: AMZN) — The e-commerce giant saw its shares gain 1% in midday trading after it reported a record first-quarter profit. The Seattle-based firm said profits more than tripled to $8.1 billion and January-to-March sales soared 44% to $108 billion. The results blew past expectations with the company earning $15.79 per share vs. the consensus estimate of $9.54.
  • Twitter (Symbol: TWTR) — The social media company’s shares plunged 13% in midday trading after its user growth results and second-quarter revenue guidance fell short of analysts’ forecasts. Twitter’s EPS and revenue topped expectations.
  • Gilead (Symbol: GILD) — Shares of the biotech company dipped about 1.3% after missing on the top and bottom lines of its quarterly results. Gilead Sciences reported EPS of $2.08 on revenue of $6.42 billion. Analysts expected EPS of $2.09 per share on revenue of $6.75 billion.
  • Exxon Mobil (Symbol: XOM) — The oil giant’s shares slid 1.9% despite the company returning to profitability and snapping four straight quarters of losses. Exxon beat top and bottom line estimates during the period, earning 65 cents per share on an adjusted basis, while posting revenue of $59.15 billion. Analysts were expecting the company to earn 65 cents per share on $54.6 billion in revenue.
  • Chevron (Symbol: CVX) — Chevron shares dipped about 3% after the company reported first-quarter results. The oil giant earned 90 cents per share on an adjusted basis, which was in-line with Wall Street estimates. Revenue exceeded expectations, although results were still below pre-pandemic levels.
  • Newell Brands (Symbol: NWL) — The consumer products stock ticked up about 0.8% after reporting stronger-than-expected results for its first quarter. The Rubbermaid-parent company earned an adjusted 30 cents per share on $2.29 billion in revenue for the period. Analysts were expecting 13 cents per share and $2.07 billion in revenue.
  • Skyworks Solutions (Symbol: SWKS) — Skyworks fell nearly 8% in midday trading even after it beat earnings estimates by 2 cents a share at $2.37 per share. Investors appeared displeased with the company after it gave outlook that came in below what some had hoped.

During Premarket hours today – (Monday – 03.05.2021):

U.S. stock futures moved higher in early morning trading on Monday as investors prepared for the first trading day of May.

  • Dow (Symbol: DIA) rose 0.5 %. S&P 500 (Symbol: SPY) gained 0.5% and Nasdaq (Symbol: QQQ) added 0.3%.
  • Estee Lauder (Symbol: EL) – The cosmetics maker reported quarterly earnings of $1.62 per share, 30 cents a share above estimates. Revenue came in slightly below forecasts, however, as sales of Estee Lauder’s higher-end products were impacted by people continuing to work from home. Estee Lauder’s shares lost 3.5% in premarket trading.
  • DraftKings (Symbol: DKNG) – The sports betting firm was upgraded to “outperform” from “market perform” at Cowen, which points to a “robust” path to legalization for the industry and upbeat prospects for both growth and increases in market share. The stock rose 1.5% in premarket trading.
  • Berkshire Hathaway (Symbol: BRK.B) – Berkshire shares added 1% in the premarket and is set to hit a record high in today’s trading following its annual meeting over the weekend. CEO Warren Buffett said Berkshire’s earnings are rebounding from the effects of the pandemic, and the company is also extending its stock buybacks by an additional $6.6 billion.
  • Moderna (Symbol: MRNA) – The drugmaker’s shares jumped 2.9% in premarket action after it struck a deal to provide 500 million Covid-19 vaccine doses to low- and middle-income countries through a United Nations-backed program.
  • Tilray (Symbol: TLRY) – The Canada-based cannabis producer saw its shares rise 1% in premarket trading after it announced it has completed its merger with rival Aphria.

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