During Market hours yesterday – (Monday – 01.11.2021):

  • The Dow (Symbol: DIA) went up 0.25%. The S&P 500 (Symbol: SPY) rose 0.17% and the Nasdaq (Symbol: QQQ) jumped 0.34%.
  • Franklin Resources (Symbol: BEN) — Shares of the asset manager jumped 11.6% after the company reported better-than-expected quarterly earnings.
  • Coinbase (Symbol: COIN) — Shares of the cryptocurrency exchange jumped 3.6% after competing exchange Binance temporarily halted all crypto withdrawals due to a large backlog.
  • Spotify (Symbol: SPOT) — Shares gained nearly 4% after the streaming platform was named a top pick at Morgan Stanley.
  • GameStop (Symbol: GME) — The stock rose 9% after the company announced Chief Operating Officer Jenna Owens has stepped down from her role after less than a year in the position.
  • Roblox (Symbol: RBLX) — Shares of the gaming company ticked 3.4% lower in midday trading following a three-day outage on the platform that began Thursday. The online gaming site is now back online.

During Premarket hours today – (Tuesday – 02.11.2021):

  • Pfizer (Symbol: PFE) – Pfizer jumped 4% in the premarket after the drugmaker reported better-than-expected profit and revenue for the third quarter. Pfizer earned $1.34 per share, 25 cents a share above estimates. The company also issued an improved full-year forecast on strong demand for both its Covid-19 vaccine and non-Covid treatments.
  • Under Armour (Symbol: UAA) – The athletic apparel maker’s shares surged 9.2% in premarket trading after it more than doubled the 15 cents a share consensus estimate, with quarterly earnings of 31 cents per share. Under Armour also raised its full-year outlook, as consumers maintain a high interest in comfortable daily wear.
  • Generac (Symbol: GNRC) – Generac shares slid 5.5% in the premarket after beating bottom-line estimates but reporting lower-than-expected quarterly sales. Separately, the maker of home and commercial generators announced it is buying Canada-based smart thermostat maker Ecobee in a cash-and-stock deal that could be worth up to $770 million, depending on whether Ecobee reaches certain performance targets.
  • Avis Budget (Symbol: CAR) – Avis Budget reported quarterly earnings of $10.74 per share, well above the $6.52 a share consensus estimate. Revenue also topped Wall Street forecasts. Heavy demand for rental cars and higher rental rates gave a significant boost to Avis Budget’s results. The stock rallied 7% in premarket trading.
  • Simon Property (Symbol: SPG) – Simon nearly doubled the $1.09 per share consensus estimate, with quarterly earnings of $2.07 per share. The mall operator’s revenue also came in above analysts’ projections. Simon saw improved occupancy rates for its shopping malls during the quarter as well as an increase in shopper traffic.
  • Clorox (Symbol: CLX) – Clorox beat estimates by 18 cents a share, with quarterly earnings of $1.21 per share. The household products maker posted better-than-expected revenue as well, and Clorox backed its prior full-year forecast. Its stock was up 2.2% in the premarket.
  • Chegg (Symbol: CHGG) – Chegg shares tanked 31.5% in the premarket after the online education company reported lower-than-expected quarterly sales and merely matched Street estimates, with quarterly earnings of 20 cents per share. Chegg said enrollment did not bounce back as it had expected.
  • McKesson (Symbol: MCK) – The drug distributor earned $6.15 per share for its latest quarter, easily beating the consensus estimate of $4.66 a share. Revenue topping estimates as well, driven by strong delivery numbers for more expensive specialty drugs as well as its government contract to distribute Covid-19 vaccines.

*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.