During Market hours on Yesterday (Monday – 17.10.2022):

  • The Dow (Symbol: DIA) went up +1.77%. The S&P 500 (Symbol: SPY) gained +2.57%. and the Nasdaq (Symbol: QQQ) rose +3.30%.
  • Roblox (Symbol: RBLX) — Roblox shares shot up +19.83% after the online gaming company reported metrics for September that showed stronger engagement than a year ago.
  • Apple (Symbol: AAPL) — The tech giant saw its shares rally +2.91% after Morgan Stanley reiterated the stock as overweight. The Wall Street firm said Apple would fare better than other technology companies in the event of an economic downswing, thanks to its loyal user base.
  • Netflix (Symbol: NFLX) — Netflix’s stock rose +6.57%. Wells Fargo reiterated its equal weight rating on the streaming service ahead of the company’s earnings this week. Last week, Netflix announced it will launch a new ad-supported service for $6.99 a month.
  • Splunk (Symbol: SPLK) — Shares of the software company climbed +3.81% following a report that activist investor Starboard Value has a roughly 5% stake in it. Starboard also has plans for Splunk to help boost its stock price, according to the Wall Street Journal.
  • Kroger (Symbol: KR) — Share of the supermarket chain slid -2.43% after being downgraded by Northcoast to neutral from buy. The firm’s analysts cited reservations about Kroger’s merger with Albertsons getting approval.
  • Credit Suisse (Symbol: CS) — Shares of bank Credit Suisse rose +3.64% on a weekend report that it is preparing to sell part of its Swiss bank to raise capital. The bank also recently agreed to pay $495 million to settle a case related to mortgage-linked investments in the U.S. Further, Christian Meissner, its investment bank chief, is set to leave the firm in the coming weeks, according to Bloomberg.

During Premarket hours today (Tuesday – 18.10.2022):

  • Johnson & Johnson (Symbol: JNJ) — Johnson & Johnson shares rose +1.4% in the premarket after beating top and bottom line estimates for the third quarter, helped by growth in pharmaceutical sales. J&J did narrow its earnings outlook, as it maintains caution due to the impact of a strong U.S.
  • Goldman Sachs (Symbol: GS) — Goldman earned $8.25 per share for the third quarter, beating the $7.69 consensus estimate, while revenue topped Wall Street forecasts as well. Goldman rose +2.3% in the premarket.
  • Amazon.com (Symbol: AMZN) — Amazon added +2.3% in premarket trading after Citi named it a top pick for both a hard and soft economic landing, saying it would perform well under either scenario.
  • FuboTV (Symbol: FUBO) — fuboTV rallied +10.4% in the premarket after the sports-centered streaming service announced it would eliminate its sports betting business and also raised its sales outlook.
  • Intel (Symbol: INTC) — Intel’s Mobileye unit is targeting a value of about $16 billion in its initial public offering, according to an SEC filing. The Wall Street Journal had reported that Intel had initially expected a roughly $50 billion valuation for the self-driving car unit, but had scaled those expectations down substantially. Intel added +1.2% in premarket action.

*Any information contained in this article, including any information contained in external third party links, if any, is solely for informational purposes and does not contain, or should not be construed as containing, investment advice or an investment recommendation, or, an offer of or solicitation for any transactions in financial instruments. Past performance does not guarantee or predict future performance. Colmex Pro Ltd does not take into account your personal investment objectives or financial situation and makes no representation, and assumes no liability to the accuracy or completeness of the information provided, nor for any loss arising from any investment based on presented information.