During Market hours Yesterday — (Monday – 16.08.2021):
The Dow (Symbol: DIA) gained 0.33%. The S&P 500 (Symbol: SPY) jumped 0.25% and the Nasdaq (Symbol: QQQ) edged 0.04%.
Sonos (Symbol: SONO)— Shares of the high-end speaker company jumped 4.69% after a judge for the International Trade Commission ruled Google infringed on some of its audio technology patents, a ruling that could lead to an import ban for some of Google’s Pixel smartphones and Nest audio speakers.
Tesla (Symbol: TSLA)— Tesla’s stock retreated 4.32% after the National Highway Traffic Safety Administration announced a formal probe into the electric vehicle maker’s Autopilot partially automated driving system. The regulators identified 11 crashes resulting in at least 17 people injured and one dead.
Oil stocks — Oil stocks slipped on Monday after weak economic data out of China fanned concerns about slowing global growth. Shares of Diamondback Energy (Symbol: FANG) fell 4.10%, and shares of Occidental Petroleum (Symbol: OXY) fell 3.88%. Futures for U.S. benchmark West Texas Intermediate crude traded at about $67 per barrel.
Walmart (Symbol: WMT)— Shares of the retailer advanced 0.82% after Jefferies reiterated its buy rating on the stock ahead of the retailer’s quarterly results on Tuesday. The firm said it expects a “solid” second quarter, with Walmart’s model advantages becoming “more apparent.”
Rocket Companies (Symbol: RKT)— Shares of the mortgage company fell 5.04% after reporting adjusted diluted earnings per share of 46 cents, which came in below analysts’ estimates. The company also missed on revenue, recording $2.79 billion versus the forecast of $2.92 billion. It said it expects 2021 closed loan origination volume to exceed 2020′s record performance of $320 billion.
JD.com (Symbol: JD)— Shares of the ecommerce giant fell 4.57% as retail sales in China reportedly rose at an 8.5% clip year over year, slower than the expected 11.5%, according to analysts polled by Reuters. The decline in sales occurred amid rising fears of the Covid-19 delta variant.
Tencent Music Entertainment (Symbol: TME) — The music streaming company’s stock is down 8.98% after news that it would halt its planned $5 billion initial public offering in Hong Kong, according to Japan’s Nikkei news service. That follows new rules in China around livestreaming and a recent loss in an antitrust ruling that could continue to hold the stock back.
T-Mobile US (Symbol: TMUS)— The wireless carrier’s stock fell 2.90% after it said it’s investigating a forum post in which a hacker claimed to be selling personal data. Vice first reported on the post, which doesn’t mention T-Mobile specifically, but the hacker selling the data reportedly claimed it came from T-Mobile servers.
During Premarket hours Today — (Tuesday – 17.08.2021):
Home Depot (Symbol: HD) – Shares of the home improvement retailer fell 3.2% in the premarket following its second-quarter results. Home Depot earned $4.53 per share, 9 cents a share above estimates. Revenue also topped forecasts. Comparable-store sales fell short of forecasts, however, rising 4.5% compared to a StreetAccount consensus estimate of 5%.
Walmart (Symbol: WMT) – The retail giant earned $1.78 per share for the second quarter, 21 cents a share above estimates. Revenue came in above consensus as well. Comparable-store sales grew by a better-than-expected 5.2%.
Roblox (Symbol: RBLX) – The video game platform operator lost 25 cents per share for its latest quarter, one cent a share wider than expected. Revenue also fell short of analysts’ forecasts. Roblox had been a beneficiary of pandemic restrictions that kept people at home, but that positive influence waned as vaccinations increased and people spent more time out of the home.
Spirit Airlines (Symbol: SAVE) – Spirit lost 4.4% in premarket action after the airline said its recent operational problems cost it about $50 million. Spirit canceled more than 2,800 flights between July 30 and August 9, amid problems related to weather, staffing and technical issues.
Didi Global (Symbol: DIDI) – A number of major hedge funds and investors bought shares in the Chinese ride-hailing giant according to quarterly Securities and Exchange Commission filings, including George Soros, Tiger Global and Singapore state investment fund Temasek. Didi went public in June, but shares plunged after China announced a probe of the company. Didi fell 2% in the premarket.
Tencent Music Entertainment (Symbol: TME) – The music streaming service’s shares slid 3.8% in the premarket after its quarterly revenue fell short of analysts’ forecasts despite an increase in advertisements and paid subscribers.
Organon (Symbol: OGN) – The Merck (MRK) spin-off rose 1.6% in premarket trading, as Warren Buffett’s Berkshire Hathaway (BRK.B) reported a small stake in the core therapeutics specialist.
T-Mobile (Symbol: TMUS) – The wireless carrier confirmed earlier reports that it had been the victim of a data breach, but said it could not yet determine the extent of the breach and what customer data may have been stolen.
Chipotle Mexican Grill (Symbol: CMG) – Cowen added the restaurant chain’s stock to its “conviction” list, saying it was pleased with Chipotle’s second-quarter results and that the company has sales drivers in place that will sustain improvement.
Endeavor (Symbol: EDR) – The entertainment company reported quarterly profit of 19 cents per share, compared to analysts’ expectations of a 2 cents per share loss. Revenue came in very slightly short of estimates. Endeavor also raised its full-year revenue outlook on increasing demand for live events among other factors.
Stanley Black & Decker (Symbol: SWK) – The tool maker struck a deal to buy the 80% of MTD Holdings that it did not already own for $1.6 billion in cash. Stanley Black & Decker had bought a 20% stake in the privately-held outdoor power equipment maker in 2019.
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