During Market hours Yesterday — (Monday – 11.01.2021):
- The Dow (Symbol: DIA) went down 0.3%. The S&P 500 (Symbol: SPY) slid 0.7% and the Nasdaq (Symbol: QQQ) sank 1.5%
- Nio (Symbol: NIO) — U.S.-listed shares of the Shanghai-based electric vehicle company advanced more than 6% after the company announced plans for a new sedan. The move prompted several Wall Street firms to raise their forecast on the stock, with JPMorgan lifting its price target to a Street high of $75.
- Twitter (Symbol: TWTR) — Shares of the social media platform sank 6.4% after Twitter decided to permanently suspect President Donald Trump’s account. Twitter said late Friday it made the decision to remove the president “due to the risk of further incitement of violence,” after the deadly riot at the U.S. Capitol.
- Tesla (Symbol: TSLA) — The electric vehicle company slid more than 7.5% as investors took profits in the high-flying stock. The leg lower snaps an 11-session winning streak for Tesla, the stock’s longest daily winning streak on record. Separately, Bank of America raised its price target on Tesla to $900, up from a prior forecast of $500.
- Sarepta Therapeutics (Symbol: SRPT) — Shares of the biotechnology company popped 9% after Sarepta disclosed a cash position of about $1.9 billion through Dec. 31.
- Boeing (Symbol: BA) — Shares were under pressure after a 737-500 jet crashed shortly after taking off from Jakarta’s main airport over the weekend. Around midday, Boeing traded lower by 2.4% and contributed the most to the Dow’s decline. It closed the day sinking 1.5%.
- Baidu (Symbol: BIDU) — The stock dropped more than 8.5%, pulling back from a more than 15% rally in the previous session, after the Chinese internet giant confirmed that it has formed a strategic partnership with automaker Geely to create a standalone electric vehicle unit. The stock jumped double digits on Friday after CNBC first reported the news, citing a person familiar with the matter.
- CureVac (Symbol: CVAC) — Shares of the German biotech firm dropped 4% after the company released pre-clinical results about its leading Covid-19 vaccine candidate showing effectiveness in rhesus monkeys. The company’s CEO also told German newspaper Handelsblatt that the company is aiming to complete its phase 3 trial during the first quarter, according to FactSet.
During Premarket hours today – (Tuesday – 12.01.2021):
- Albertson’s (Symbol: ACI) – The grocery store operator reported quarterly earnings of 66 cents per share, beating the 42 cents a share consensus estimate. Revenue also beat forecasts. Albertsons raised its full-year earnings forecast to $3.05 to $3.15 per share from the prior $2.75 to $2.85, compared to a consensus estimate of $2.78.
- Steris (Symbol: STE) – Steris will buy rival sterilization products maker Cantel Medical (Symbol: CMD) for $3.6 billion in cash and stock, in a deal valuing Cantel at $84.66 per share. The deal is expected to close by the end of June.
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