During Market hours on Friday – 13.08.2021):

The Dow (Symbol: DIA) gained 0.05%. The S&P 500 (Symbol: SPY) jumped 0.18% and the Nasdaq (Symbol: QQQ) edged 0.35%.

Disney (Symbol: DIS) – Shares of the media giant jumped 1%, becoming the biggest gainer in the 30-stock Dow Jones Industrial Average following a blowout earnings report. Disney crushed Wall Street expectations on Disney+ subscriber growth and overall revenue and earnings for the fiscal third quarter.

The Honest Company (Symbol: HNST) – The Honest Company shares sunk 28.33% after the baby and beauty product business reported worse-than-expected second-quarter financial results. The company, founded by Jessica Alba, reported a loss of 17 cents per share on revenue of $74.6 million. Wall Street expected a loss of 14 cents per share on $78.8 million, according to Refinitiv.

Airbnb (Symbol: ABNB) – Shares of Airbnb erased earlier losses and rose 1.07% after the vacation rental company said it expects volatility ahead due to the Covid delta variant. Airbnb reported revenue of $1.34 billion in the second quarter, up nearly 300% from the year prior. Wall Street expected revenue of $1.26 billion, according to Refinitiv.

23andMe (Symbol: ME) – Shares of 23andMe fell 4.16% after the genetic research company reported revenue of $59 million in its first quarter as a public company. The quarterly revenue is 23% higher than a year prior.

SoFi (Symbol: SOFI) – The fintech company shares fell 14.15% after it released quarterly results Thursday. SoFi recorded a loss of 48 cents per share for the second quarter, greater than analysts forecasts of a 6 cents per share loss. It also beat revenue estimates, however, and reported membership more than doubled from the previous year.

Pfizer (Symbol: PFE) – Shares of Pfizer moved 2.6% higher after the FDA authorized booster shots of the Pfizer/BioNTech and Moderna Covid vaccines for immunocompromised people. Moderna inched slightly higher.

ZipRecruiter (Symbol: ZIP) – ZipRecruiter shares dipped 0.5% after posting a wider-than-expected quarterly loss. The online employment marketplace posted a quarterly loss of 55 cents per share, compared with a consensus estimate of a 22 cents per share loss, according to Refinitiv.

Rocket Companies (Symbol: RKT) – Rocket shares gained 10% despite the online mortgage platform operator quarterly earnings missing on the top and bottom lines. The company said it expects 2021 mortgage origination closed loan volume to exceed 2020s record performance of $320 billion.

Advanced Micro Devices (Symbol: AMD) – Shares of Advanced Micro Devices added 3.8% after Bank of America reiterated its buy rating on the stock and said the stock could see 25% upside.  

eBay (Symbol: EBAY) – The e-commerce stock rose 7.45% extending its rise since Wednesday earnings beat. Argus Research reiterated its buy rating on the stock on Friday, saying in a note to clients that the stock looks attractively priced even as it faces tough comparisons in the upcoming quarter.

During Premarket hours today (Monday – 16.08.2021):

Sonos (Symbol: SONO) – Sonos shares surged 10.6% in the premarket after an International Trade Commission judge ruled that Alphabet’s (GOOGL) Google unit had infringed on some of the high-end speaker company’s audio technology patents. The ruling could eventually lead to an import ban for some Pixel smartphones and Nest audio speakers.

BHP (Symbol: BHP) – The world’s biggest mining company said it is in talks to sell its petroleum business to Australian oil and natural gas producer Woodside Petroleum, with BHP also considering other options for the unit.

T-Mobile US (Symbol: TMUS) – The wireless carrier said it is investigating claims in an online forum of a data breach that involves the personal data of over 100 million users. The post itself doesn’t mention T-Mobile but Vice Media quotes the purported hacker as saying the data came from T-Mobile servers.

Hyatt Hotels (Symbol: H) – Hyatt is buying resort operator Apple Leisure Group from private-equity firms KKR (KKR) and KSL Capital Partners for $2.7 billion. Apple Leisure is the operator of the Secrets, Dreams and Breathless Resorts & Spa chains.

Coinbase (Symbol: COIN) – The cryptocurrency exchange operator’s shares rose 1.6% in the premarket as the recent crypto rally rolls on. The rally is also helping shares of business analytics company MicroStrategy (MSTR), which has billions in bitcoin holdings on its balance sheets. MicroStrategy added 2.2% in premarket trading.

The Honest Company (Symbol: HNST) – The maker of personal care products was upgraded to “buy” from “neutral” at Guggenheim Securities, citing valuation after a more than 28% tumble for the stock on Friday. That followed a quarterly report for the company that showed a wider-than-expected loss.

Tencent Music Entertainment (Symbol: TME) – The music streaming service plans to halt its planned $5 billion initial public offering amid the ongoing regulatory crackdown by the Chinese government, according to Japan’s Nikkei news service.

Oatly (Symbol: OTLY) – The oat milk producer reported a quarterly loss of 11 cents per share, one cent a share wider than expected. Revenue came in slightly below Wall Street forecasts. Oatly said it was able to overcome both Covid and manufacturing-related headwinds during the quarter, and that it is successfully executing its planned expansion of manufacturing capacity.

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