During Market hours yesterday — Monday (07.12.2020):
The Dow Jones Industrial Average and S&P 500 fell on Monday following a record-setting session as traders worried about rising coronavirus cases and searched for clues on additional fiscal aid.
- The Dow (Symbol: DIA) went down 0.5%. The S&P 500 (Symbol: SPY) closed 0.2% lowerwhile the Nasdaq (Symbol: QQQ) popped 0.6%.
- Tesla (Symbol: TSLA) Tesla jumped more than 7% to hit a new all-time high. The move comes ahead of the company’s inclusion in the S&P 500, which is slated to take place before trading begins on Dec. 21. The electric vehicle company’s shares have gained more than 650% this year.
- Eastman Kodak (Symbol: KODK) The camera company’s stock jumped 59.9% after The Wall Street Journal reported that a government watchdog found no wrongdoing in Kodak getting a government loan to produce pharmaceutical ingredients. The loan, worth more than $700 million, sent shares soaring when it was first announced in July, but Kodak’s stock deflated when a government agency put the deal on hold.
- Lyft (Symbol: LYFT) An analyst at Piper Sandler upgraded the ride-hailing company to overweight from neutral, noting there are several factors that could drive the stock up 30% from current levels. “LYFT has nonetheless demonstrated an improving ability to extract revenue from each incremental mile traveled in the United States,” the analyst said. Lyft shares rose 1%.
- Chevron (Symbol: CVX) Chevron shares fell 2.7% following a downgrade to hold from buy at Tudor, Pickering, Holt & Co. “As we chart a course for a better crude and broader macro backdrop in 2021 and (potentially) beyond, we see more compelling risk-reward and free cash flow offerings elsewhere,” the firm said in a note to clients.
- Teladoc (Symbol: TDOC) Shares of the telemedicine company lost 3.1% following a downgrade to equal weight from overweight at Stephens. The Wall Street firm said increased competition could be an overhang for the “stay-at-home” stock.
- Palantir (Symbol: PLTR) Palantir jumped more than 21% after Bloomberg News reported the Food and Drug Administration awarded the company a drug contract valued at $44.4 million over three years.
During Premarket hours today – Tuesday (08.12.2020):
- Stitch Fix (Symbol: SFIX) Stitch Fix reported a quarterly profit of 9 cents per share, compared to consensus forecasts of a 20 cents per share loss. The online clothing styling company also reported better-than-expected revenue and record sequential quarterly client additions.
- Thor Industries (Symbol: THO) The recreational vehicle maker reported quarterly earnings of $2.05 per share, beating the consensus estimate of $1.56, with revenue above estimates as well. Thor said it has increased production to accommodate higher demand, and that it is working through what it considers temporary supply chain issues.
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