During Market hours yesterday – (Monday – 06.12.2021):
- The Dow (Symbol: DIA) went up 1.90%. The S&P 500 (Symbol: SPY) rose 1.18% and the Nasdaq (Symbol: QQQ) added 0.8%.
- Airlines — Airline stocks rose on Monday as stocks linked to the recovering economy boosted the major averages. American Airlines (Symbol: AAL) rose 7.9%, United Airlines (Symbol: UAL) added 8.3%, and Delta Air Lines (Symbol: DAL) popped 6%. Alaska Air Group (Symbol: ALK) rallied 4.2%.
- Lucid Group (Symbol: LCID) — Shares of the electric vehicle start-up dropped 5.1% after news that the company received a subpoena on Friday from the Securities and Exchange Commission “requesting the production of certain documents related to an investigation.”
- Wells Fargo (Symbol: WFC) — Shares of Wells Fargo rallied 2.3% after Morgan Stanley upgraded the stock to overweight from equal weight. Morgan Stanley said Wells is the most asset-sensitive stock in its coverage and higher fed funds futures warrant an upgrade. The firm named Wells a top 2022 pick.
- Spirit Airlines (Symbol: SAVE) — Shares of the discount airline rallied 6.1% after Evercore ISI upgraded Spirit to outperform from in line. Evercore said in its upgrade that it sees “see strategic optionality as company execution and demand improve.”
- MicroStrategy (Symbol: MSTR) — Shares of the business analytics software company dropped 5.5% on the heels of bitcoin’s sell-off over the weekend. MicroStrategy holds billions of dollars’ worth of bitcoin on its balance sheet, so the company’s stock is sensitive to fluctuations in the world’s largest cryptocurrency’s price.
- Alibaba (Symbol: BABA) — The Chinese internet giant’s shares jumped 10.4% after the company announced a reorganization of its international and domestic e-commerce businesses. Alibaba also said it will replace its CFO.
During Premarket hours today – (Tuesday – 07.12.2021):
- Tesla (Symbol: TSLA) — Tesla is replacing faulty cameras on some of its models, according to internal documents seen by CNBC. The cameras can cause a driver to see a blank or choppy video on a car’s primary display. Separately, UBS issued a report that said no rival would come close to Tesla in 2022, although it maintained a “neutral” rating on the stock. Tesla gained 3.5% in premarket action.
- Coupa Software (Symbol: COUP) — The business software company earned an adjusted 31 cents per share for its latest quarter, well above the 2-cent consensus estimate, with revenue also topping forecasts. However, its loss widened from a year ago with a surge in operating expenses, and shares tumbled 10% in premarket trading.
- Mimecast (Symbol: MIME) — The cybersecurity company agreed to be acquired by private equity firm Permira for $80 per share in cash, or about $5.8 billion. Mimecast jumped 6% in the premarket.
- MongoDB (Symbol: MDB) — MongoDB surged 20.3% in premarket action after the database platform company reported a smaller-than-expected quarterly loss and beat Street revenue forecasts. MongoDB also raised its financial outlook for the year on increased demand from businesses for online connectivity.
- Intel (Symbol: INTC) — The chip maker’s shares surged 8.8% in premarket trading after it said it would take its Mobileye self-driving car unit public, planning a mid-2022 initial public offering. The Wall Street Journal had earlier reported those plans, saying an IPO could value Mobileye at more than $50 billion.
- Acadia Pharmaceuticals (Symbol: ACAD) — Acadia soared 17.5% in the premarket after announcing positive results in a late-stage trial of its experimental treatment for Rett Syndrome, a genetic disorder that primarily affects brain development in girls.
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