During Market hours Friday (Friday – 04.11.2022):

  • The Dow (Symbol: DIA) went up +1.33 %. The S&P 500 (Symbol: SPY) gained +1.44%. and the Nasdaq (Symbol: QQQ) rose +1.69%.
  • Starbucks (Symbol: SBUX) — The Seattle-based coffee company jumped +8.48% after reporting quarterly profit and revenue that topped expectations. Net sales rose 3.35 to $8.41 billion and Global same-store sales rose 7%.
  • Twilio (Symbol: TWLO) — Twilio’s stock plunged -34.61% a day after the company issued a weaker-than-expected sales forecast. On Friday, Cowen downgraded the communication tools company to market perform from outperform, citing deteriorating macro trends.
  • Block (Symbol: SQ) — Shares jumped +11.5% after the mobile payments company surpassed profit and sales expectations in its third-quarter results. Block reported earnings of 42 cents per share on revenue of $4.52 billion. Analysts polled by Refinitiv were forecasting earnings of 23 cents per share on revenue of $4.49 billion.
  • Carvana (Symbol: CVNA) — Carvana dropped -38.95% after reporting worse-than-expected quarterly results on Thursday. On Friday, Morgan Stanley’s Adam Jonas pulled the firm’s ratings and price target on the used-car retailer, citing deterioration in the used car market and a volatile funding environment.
  • Coinbase (Symbol: COIN) — The stock jumped +5.41% after the company reported better-than-expected user numbers, even as Coinbase reported a miss on profit and sales expectations. The cryptocurrency platform reported a drop in revenue from a year ago as investors dumped digital assets.
  • DraftKings (Symbol: DKNG) — DraftKings fell -27.82% after warning a prolonged economic downturn could impact spending by its customers. However, the sports betting company also reported a smaller-than-expected quarterly loss and revenue that topped Wall Street forecasts
  • Warner Bros. Discovery (Symbol: WBD) — Warner Brothers Discovery fell -12.87% after reporting a wider-than-expected earnings loss and revenue that fell short of analyst estimates. Bloomberg also reported the company plans to slash jobs in its film unit.
  • PayPal (Symbol: PYPL) — PayPal slid -1.79% after lowering its annual revenue growth forecast. The company expressed caution about the impact of an economic downturn. However, it reported better-than-expected quarterly profit and revenue.

During Premarket hours today – (Monday – 07.11.2022):

  • BioNTech (Symbol: BNTX) — The drugmaker’s shares slid -3.4% in the premarket despite reporting better-than-expected quarterly profit and revenue. Results were down sharply from a year ago, with both profit and revenue off more than 40% from 2021′s third quarter.
  • Berkshire Hathaway (Symbol: BRK.B) — Berkshire Hathaway gained +1.5% in premarket trading after Warren Buffett’s firm reported better-than-expected earnings, with revenue also topping Street forecasts. Berkshire reported an overall loss, however, as a falling stock market ate into the value of its investment portfolio.
  • Meta Platforms (Symbol: META) — Meta added +2.6% in the premarket after The Wall Street Journal reported that the Facebook parent was preparing to announce large-scale layoffs this week.
  • Apple (Symbol: AAPL) — Apple shares slid -1.8% in the premarket after it said Covid-19 restrictions are hindering iPhone production at the Foxconn factory in China. That factory is the world’s biggest iPhone production site.
  • Ryanair (Symbol: RYAAY) — The airline’s stock gained +6.2% in premarket trading after it reported the largest-ever profit for the first half of the year.

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