During Market hours Friday (Friday – 09.04.2021):
- Nasdaq (Symbol: QQQ) gained 0.61%. The S&P 500 (Symbol: SPY) went up 0.73%. The Dow (Symbol: DIA) gained 0.81%.
- Levi Strauss (Symbol: LEVI)– Shares of the retailer jumped 2.6% after the company beat top- and bottom-line estimates during the first quarter. Levi’s earned 34 cents per share on an adjusted basis, while reporting $1.31 billion in revenue. Analysts surveyed by Refinitiv were expecting the company to earn 25 cents on $1.25 billion in revenue. The results were boosted by strength in Levi’s digital sales, which jumped 41%.
- FuboTV (Symbol: FUBO)– The streaming service jumped 12.6% after FuboTV won the exclusive streaming rights to the qualifying matches of the Qatar World Cup 2022. The qualifying matches will feature 10 teams in the South American Football Confederation.
- WD-40 (Symbol: WDFC)— The stock tanked 9.5% after reporting earnings per share of $1.24, 8 cents below analyst estimates, according to Refinitiv. Revenue also missed expectations. The company said supply chain issues hurt its ability to meet customer demand.
- Honeywell (Symbol: HON)– Shares of the conglomerate rose 3.24% after Deutsche Bank upgraded the stock to buy from hold. Deutsche said it saw an attractive buying opportunity after sharp year-to-date underperformance.
- DraftKings (Symbol: DKNG)— Shares of the sports betting company popped 1.96% after Jefferies named DraftKings a top pick. The Wall Street firm called DraftKings a “top operator” and leader as states continue to legalize gaming.
- Sogou (Symbol: SOGO)— The internet search company rose 3.77% on Friday after Reuters reported that China’s antitrust regulators were prepared to approve Tencent’s plan to take the company private. The $3.5 billion deal would allow Tencent to buy the 60% of Sogou that it doesn’t already own.
- PriceSmart (Symbol: PSMT)— Shares of the discount retailer tanked 7.05% after missing analyst estimates for its quarterly earnings. PriceSmart said the pandemic continues to weigh on its business in certain markets.
- Bridgetown Holdings (Symbol: BTWN)— The SPAC backed by billionaire investors Peter Thiel and Richard Li dropped 2.3% on news it is in advanced talks to take Indonesia-based travel services company Traveloka public, according to people familiar with the matter who spoke to Bloomberg.
- Boeing (Symbol: BA)– Shares of the airplane maker fell 1% after U.S. airlines temporarily grounded more than 60 of the company’s 737 MAX jets on Friday. The move came after Boeing asked 16 carriers who operate the jet to address an electrical power system issue in the aircraft.
- Okta (Symbol: OKTA)— The software company rose 2.4% after BTIG upgraded the stock to buy from neutral. The firm said in a note that there appeared to be rising demand for Okta’s customer identity business and that competition from Microsoft did not appear to be a near-term threat.
During Premarket hours today – (Monday – 12.04.2021):
- Uber (Symbol: UBER) – Uber announced record gross bookings for March, with its ride-hailing business improving 9% month-over-month for its best showing in a year. The company said in a filing that demand is recovering faster than driver availability as vaccines roll out across the country. Shares of the company rose 2.2% in premarket trading.
- Nuance Communications (Symbol: NUAN) – The speech-recognition company is in talks with Microsoft about an acquisition by the tech giant, a person familiar with the discussions told CNBC. A deal could be announced as early as Monday. Shares of Nuance surged 24% in premarket trading.
- Alibaba (Symbol: BABA) – Chinese anti-trust regulators slapped the internet company with a $2.8 billion fine, and investors appear relieved that the company is not facing more serious regulatory issues. U.S.-traded shares of Alibaba rose more than 6% in the premarket.
- Match Group (Symbol: MTCH) – The dating app company received an upgrade to “buy” from “neutral” at BTIG, which said in a note that it was bullish on Match’s smaller brands like Hinger and Pairs. Shares of Match rose 1.4% in premarket trading.
- Tesla (Symbol: TSLA) – Canaccord Genuity upgraded the electric vehicle stock to “buy” from “hold.” The firm said in a note that it expects supply constraints around Tesla’s battery business to ease in 2022. The stock rose 1.3% in premarket action.
- United Airlines (Symbol: UAL) – The company said in a filing that it expects first-quarter revenue to come in at $3.2 billion, down 66% from the first quarter of 2019. Shares of United slipped about 0.9% in premarket trade.
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