During Market hours yesterday — (Monday – 08.02.2021):
- The Dow (Symbol: DIA) went up 0.8%. The S&P 500 (Symbol: SPY) popped 0.7% and the Nasdaq (Symbol: QQQ) rose 0.7%
- Palantir Technologies (Symbol: PLTR) — Shares of the big data company rose more than 5% after it announced a new global partnership with IBM that will expand Palantir’s sales reach. The deal will also augment IBM’s artificial intelligence offerings and make them easier to use. Palantir saw its shares more than quadruple since its September public market debut.
- Hasbro (Symbol: HAS) – Shares of the toy maker slid about 4% despite the company beating top and bottom line estimates during the fourth quarter. Hasbro earned $1.27 per share on an adjusted basis, and reported $1.72 billion in revenue. Analysts surveyed by Refinitiv were expecting earnings of $1.14 per share and $1.69 billion in revenue.
- Energizer (Symbol: ENR) — Shares of the battery maker jumped more than 3% after beating the top and bottom lines of its quarterly earnings. Energizer earned $1.17 per share on revenue of $849 million. Wall Street expected earnings of 89 cents per share on revenue of $790 million, according to Refinitiv.
- Target (Symbol: TGT) – Shares of the retailer advanced about 3% after Stifel upgraded the stock to a buy rating. “Our positive stance reflects our view that share gains in recent years across most categories, especially digital (~18% of F2020 sales) continue,” the firm wrote in a note to clients. Stifel also lifted its target on the stock to $225 from $200, with the new target indicating a 19% rally from where shares closed on Friday.
- Exxon Mobil (Symbol: XOM) — Shares of the oil and gas company jumped 4.5% after BNP Paribas upgraded the stock to neutral from underperform. The Wall Street firm cited Exxon Mobil’s plans to cut fossil fuel capex. The stock has risen 25% in 2021 after losing more than 40% last year.
- Westport Fuel Systems (Symbol: WPRT) – Westport Fuel soared more than 39% in midday trading following news that Amazon has ordered about 1,000 truck engines that run on compressed natural gas for its fleet of delivery vehicles. The engines are a joint venture between Vancouver-based Westport and Cummins.
During Premarket hours today – (Tuesday – 09.02.2021):
- Coty (Symbol: COTY) – The cosmetics company reported quarterly profit of 17 cents per share, 10 cents a share above estimates. Revenue essentially was in line with forecasts. Coty said its profit got a boost from increased cost savings even as demand was dented by the pandemic, with sales falling 16%.
- Chegg (Symbol: CHGG) – Chegg beat estimates by 6 cents a share, with quarterly earnings of 55 cents per share. The education technology company’s revenue also topped Wall Street forecasts. It also raised its earnings guidance for 2021, as it continues to benefit from a pandemic-induced boost in demand for education materials.
- Take-Two Interactive (Symbol: TTWO) – Take-Two beat Street forecasts with its quarterly sales, and raised its annual sales targets on continued strong demand for video game franchises like “NBA 2K” and “Grand Theft Auto.”
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