During Market hours on Friday – 31.12.2021:

  • The Dow (Symbol: DIA) went down 0.21%. The S&P 500 (Symbol: SPY) lost 0.25% and the Nasdaq (Symbol: QQQ) fell 0.62%.
  • Pfizer (Symbol: PFE) — Shares rose 1.1% after British regulators approved the use of Paxlovid, the drugmaker’s Covid-19 antiviral pill, for people over 18 with mild to moderate illness.
  • Peloton (Symbol: PTON) — Shares of Peloton slumped 3.8% after JMP Securities downgraded the stock to market perform from market outperform. JMP said consumer interest is waning in the at-home fitness company.
  • Coterra Energy (Symbol: CTRA) — The oil company fell 2.8% on the final day of 2021. Coterra announced on Thursday that vice president and chief technology officer Kevin William Smith sold nearly 40,000 shares earlier this week.
  • Novavax (Symbol: NVAX) — Shares of the drugmaker fell more than 7% after news that it extended manufacturing agreements with Korea-based SK bioscience. Novavax also received emergency use authorization for its Covid-19 vaccines in India.
  • Didi (Symbol: DIDI) — The Chinese ride-hailing company continued to decline into the end of the year, falling 4.7% on Friday. Didi went public in June, but the stock has since sunk as Chinese regulators have cracked down on the company.

During Premarket hours today (Monday – 03.01.2022):

  • Tesla (Symbol: TSLA) — Tesla surged 7.4% in the premarket following news that it delivered 308,600 vehicles during the fourth quarter, well above the consensus estimate of 263,026. The quarter’s deliveries were 70% above year-ago levels and about 30% higher than the prior quarter.
  • Nio (Symbol: NIO) — Nio gained 2.2% in the premarket after the China-based electric vehicle maker reported December deliveries of 10,489 vehicles, up 50% from December 2020.
  • Xpeng (Symbol: XPEV) — Xpeng, another China-based EV maker, rallied 2.5% in premarket trading as it, too, exceeded estimates by delivering 16,000 vehicles last month. That was up 181% from a year earlier.
  • Li Auto (Symbol: LI) — Li Auto delivered 14,087 electric vehicles in December, a gain of 130% year-over-year, matching its fellow China-based EV makers. Li Auto shares added 2.8% in premarket action.
  • ODP (Symbol: ODP) — ODP jumped 3.1% in premarket trading after it announced the sale of its CompuCom unit in a deal valued at up to $305 million. The Office Depot and OfficeMax parent also added $200 million to its stock buyback program.
  • PayPal (Symbol: PYPL) — PayPal gained 1.9% in the premarket, following a BMO upgrade to “outperform” from “market perform” based on the payment service’s current valuation.
  • Wells Fargo (Symbol: WFC) — The bank’s shares added 1.4% in premarket trading after Barclays upgraded Wells Fargo to “overweight” from “equal weight.” Barclays expects banks to outperform the market in 2022 as net interest margins improve off historic lows.
  • Advanced Micro Devices (Symbol: AMD) — The chipmaker was one of several semiconductor stocks named as “top picks” at Goldman Sachs, which said AMD is among the companies that will see continued strength as sector outperformance becomes more muted in 2022. AMD rose 1.2% in the premarket.

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