During Market hours Friday — (Friday – 25.06.2021):

  • The Dow (Symbol: DIA) jumped 0.72%. The S&P 500 (Symbol: SPY) went up 0.36% and the Nasdaq (Symbol: QQQ) slid 0.12%.
  • Virgin Galactic (Symbol: SPCE)— Virgin shares soared 38.87% after it announced the Federal Aviation Administration has given it the green light to fly paying customers into space. It’s the first such license approved by the FAA. The company has about 600 ticket reservations for future flights that sold at between $200,000 and $250,000 each.
  • Nike (Symbol: NKE)— Shares of the athletic retailer surged 15.5% following its better-than-expected quarterly results. Nike reported earnings of 93 cents per share, outpacing Refinitiv estimates by 42 cents. Revenue came in at $12.34 billion, topping estimates of $11.01 billion. Digital sales were up 41% since last year and 147% from two years ago.
  • BlackBerry (Symbol: BB)— The security and communications software maker saw its shares fell 4.4% after it reported a loss in its quarterly earnings. Blackberry reported better-than-expected revenue, helped by a boost in electric vehicle sales, which increased demand for the company’s QNX software. Bank of America also upgraded the stock to a buy.
  • Nokia (Symbol: NOK)— The telecom-infrastructure provider’s stock rose 6% after Goldman Sachs lifted its rating to a buy from neutral, saying it sees a “better” 5G spending backdrop and that the company could “regain their place as a key tech enabler for cellular connectivity.”
  • CarMax (Symbol: KMX)— Shares of the auto retailer rose 6.67% after it reported better-than-expected earnings for its latest quarter. CarMax beat the consensus estimate by $1 a share, with quarterly profit of $2.63, due in part to a pandemic-related preference among consumers for cars over public transport.
  • FedEx (Symbol: FDX)— The shipping giant fell 3.87% despite beating on the top and bottom lines of its quarterly results. FedEx reported earnings of $5.01 per share on revenue of $22.57 billion. Analysts expected earnings per share of $4.99 on revenue of $21.51 billion, according to Refinitiv. However, CEO Fred Smith said operations are being crimped by an inability to find enough workers, and the company will ramp up capital spending by 22% this year to deal with delivery delays.
  • Enphase Energy (Symbol: ENPH)— Shares of the microinverter maker jumped 2.7% after two bullish Wall Street calls from Citi and Stephens, both of which initiated coverage on the company with a buy-equivalent rating. Stephens said the recent pullback in shares is an attractive entry point for investors for a company that has “market share capture on the horizon.”
  • Darden Restaurants (Symbol: DRI)—  Darden’s stock added 3.05% after MKM upgraded the restaurant company and Olive Garden-parent to buy from neutral. Darden’s fourth-quarter earnings report on Thursday beat Wall Street’s expectations and the company reported that its quarterly same-store sales nearly returned to 2019 levels.
  • Netflix (Symbol: NFLX)— Shares of Netflix climbed 1.74% after Credit Suisse upgraded the streaming stock to outperform from neutral. Credit Suisse expects Netflix to continue dominating in original content, with a stellar upcoming release schedule bolstering growth expectations. The bank also said Netflix’s underperformance this year makes its shares cheap.
  • Big banks — Bank stocks are in the spotlight Friday after the Federal Reserve released the results of its annual stress test Thursday, giving a thumbs up to all 23 banks subjected to the latest round. The move should pave the way for the banks to significantly raise dividends and restart buybacks. Wells Fargo (Symbol: WFC) is trading 2.66% higher, Bank of America (Symbol: BAC) is up 1.9%, JPMorgan Chase  (Symbol: JPM)is up 1.01% and Citigroup (Symbol: C) ticked up 0.3%.

During Premarket hours today – (Monday – 28.06.2021):

  • Boeing (Symbol: BA) – Boeing is not likely to receive certification for its 777X long-range aircraft until mid-to-late 2023 at the earliest. That’s according to a letter from a Federal Aviation Administration official to Boeing that was obtained by CNBC, saying there were numerous technical issues that needed to be resolved. Boeing shares fell 1.2% in the premarket.
  • Intellia Therapeutics (Symbol: NTLA) – Intellia shares surged 55.4% in the premarket after the Massachusetts-based company and partner Regeneron (Symbol: REGN) announced positive results in a phase 1 study of a gene-editing treatment for a disease called transthyretin amyloidosis. Regeneron shares gained 1.6%. Two other companies involved with the same gene-editing technology also rallied in premarket trading, with CRISPR Therapeutics (Symbol: CRSP) soaring 13.5% and Editas Medicine (Symbol: EDIT) jumping 17.1%.
  • Perion Network (Symbol: PERI) – The advertising technology company’s shares surged 9.9% in the premarket after reporting upbeat second-quarter earnings and increasing its full-year forecast.
  • MicroStrategy (Symbol: MSTR) – The business analytics company’s stock gained 3.3% in premarket trading, continuing to trade in sync with bitcoin. MicroStrategy has several billion dollars of the virtual currency on its books.
  • NRG Energy (Symbol: NRG) – The energy provider’s stock was added to the Conviction Buy list at Goldman Sachs, which also increased its price target on the stock to $57 per share from $46. The stock closed at $38.49 per share Friday, and gained 1.8% in premarket trading.

*Any information contained in this article, including any information contained in external third party links, if any, is solely for informational purposes and does not contain, or should not be construed as containing, investment advice or an investment recommendation, or, an offer of or solicitation for any transactions in financial instruments. Past performance does not guarantee or predict future performance. Colmex Pro Ltd does not take into account your personal investment objectives or financial situation and makes no representation, and assumes no liability to the accuracy or completeness of the information provided, nor for any loss arising from any investment based on presented information.