During Market hours Yesterday — (Monday – 13.09.2021):
- The Dow (Symbol: DIA) raised 0.75%. The S&P 500 (Symbol: SPY) gained 0.26% and the Nasdaq (Symbol: QQQ) went down 0.07%.
- Marathon Oil (Symbol: MRO)— Shares of the exploration and production company jumped roughly 7.2% amid an advance in oil prices. APA (Symbol: APA) and Occidental (Symbol: OXY) gained 7.8% and 6.69%, respectively, and every component in the energy sector traded in the green around noon on Wall Street. West Texas Intermediate crude futures, the U.S. oil benchmark, broke above $70 on Monday.
- Virgin Galactic (Symbol: SPCE)— Virgin Galactic fell 3.58% after the company said it would delay its first commercial research space mission, due to a third-party supplier that warned about a potential manufacturing defect in a part used in the flight control system. The flight was scheduled for late September or early October.
- Airbnb (Symbol: ABNB) , Twitter (Symbol: TWTR)— Airbnb and Twitter fell about 3% after Goldman Sachs initiated coverage of both stocks with sell ratings. Goldman said that Twitter will struggle to reach its revenue goals while Airbnb’s stock was still at risk from uncertainty around the travel industry’s recovery.
- Tencent Music Entertainment (Symbol: TME)— Tencent Music fell 4.6% after Loop downgraded the stock from buy to hold. The firm said it expects there will be a “slow path to sentiment recovery for the sector,” that it sees greater regulatory headwinds for online media assets and that it would rather be positioned in online retail assets.
- Dell (Symbol: DELL)— Shares of Dell gained 3.8% after Goldman Sachs added the computer maker to its conviction buy list. The firm’s price target of $137 on the stock implies 44% upside to the Dell’s Friday closing price. “We believe strong cash flow generation and a clear road map for a debt paydown continue to argue for a multiple on Standalone Dell closer to comps,” Goldman said.
- Vaccine makers – Pfizer (Symbol: PFE) and its partner BioNTech (Symbol: BNTX) saw shares fall more than 2% and 6%, respectively, despite a Reuters report on Friday that said their Covid-19 vaccine could be authorized for use in children between 5 and 11 years old as soon as October. Meanwhile, Moderna shares (Symbol: MRNA) fell more than 6% after a report that Covid booster shots are “not appropriate” at this time, according to data by U.S. and international scientists conclude.
- Carlyle Group (Symbol: CG) – Shares of the private equity firm rose 1% after it said it’s considering a $6 billion sale or initial public offering for packaging company Novolex, according to Bloomberg. The private-equity firm bought Novolex for an undisclosed amount in November 2016.
During Premarket hours today – (Tuesday – 14.09.2021):
- Oracle (Symbol: ORCL) – Oracle reported quarterly earnings of $1.03 per share, 6 cents a share above consensus estimates. The business software giant’s revenue fell short of forecasts, however, amid increasing cloud computing competition. Oracle fell 2.5% in the premarket.
- Angi (Symbol: ANGI) – Angi rose 3.3% in premarket trading after the digital marketplace for home services reported its August metrics, which included a 21% jump in revenue from a year earlier.
- Herbalife Nutrition (Symbol: HLF) – Herbalife shares tumbled 9.7% in the premarket after the maker of nutrition products cut its outlook. Herbalife cited lower than expected levels of activity by its independent distributors, likely due to pandemic-related uncertainty.
- Apple (Symbol: AAPL) – Apple issued a patch to its iOS system to fix a vulnerability related to the iPhone’s iMessage function. An Israeli firm had been exploiting the vulnerability since February to infect iPhones, according to research group Citizen Lab.
- Intuit (Symbol: INTU) – Intuit announced a deal to buy digital marketing firm Mailchimp for about $12 billion in cash and stock. That follows the TurboTax maker’s acquisition of Credit Karma last year for more than $7 billion. It had been reported earlier this month that Intuit and Mailchimp were in acquisition talks.
- Coinbase (Symbol: COIN) – The cryptocurrency exchange operator’s shares rose 1.2% in premarket trading after Piper Sandler reiterated an “overweight” rating on the stock.
- Cameco (Symbol: CCJ) – The Canada-based uranium producer continued its recent rally, up 2.1% in the premarket after rising in 10 of the past 11 sessions. It’s among uranium-related stocks that have caught the attention of investors on social media.
- Fox Corp. (Symbol: FOXA) – Fox finalized a deal to buy celebrity news platform TMZ from AT&T’s (Symbol: T) WarnerMedia unit. Terms were not disclosed, but The Wall Street Journal reported that TMZ was valued at less than $50 million after earlier indications that the two sides were talking about a price between $100 million and $125 million. Fox rose 1.1% in premarket trading.
- Southwest Airlines (Symbol: LUV) – Southwest President Tom Nealon is retiring from the carrier effective immediately. His departure comes three months after CEO Gary Kelly announced he would retire in January and named longtime Southwest executive Bob Jordan as his successor. Nealon had been seen as a possible candidate to succeed Kelly.
- SeaChange International (Symbol: SEAC) – SeaChange reported a quarterly loss of 3 cents per share, smaller than the 9 cents a share loss anticipated by analysts. The video management solutions company saw revenue exceed Street forecasts. The company said it has a “robust pipeline” of sales opportunities and significant momentum. The stock rallied 3.7% in premarket trading.
- Monmouth Real Estate (Symbol: MNR) – The real estate investment trust added 1% in premarket action after saying it was re-exploring strategic alternatives, following investor feedback and prior expressions of takeover interest in the company.
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