During Market hours yesterday – (Monday – 18.04.2022)

  • The Dow (Symbol: DIA) went down 0.06%. The S&P 500 (Symbol: SPY) gained 0.04% and the Nasdaq (Symbol: QQQ) went up 0.08%.
  • Twitter (Symbol: TWTR) — Shares rose 7.5% after Twitter announced Friday that the board adopted a limited duration shareholder rights plan, often referred to as a “poison pill.” The move comes after billionaire Elon Musk offered to buy the company for $43 billion.
  • Bank of America (Symbol: BAC) — Shares jumped 3.4% after Bank of America reported an earnings beat on Monday. Bank of America topped expectations in the first quarter with earnings of 80 cents per share and $23.33 billion in revenue, helped by strength in consumer lending. Analysts surveyed by Refinitiv expected earnings of 75 cents per share and $23.2 billion in revenue.
  • Synchrony Financial (Symbol: SYF) – Shares of the financial services firm advanced 6.2% after the company reported a beat on quarterly profit and revenue estimates. The board also approved a $2.8 billion addition to the company’s stock buyback plan and a 5% dividend increase to 23 cents per share.
  • Charles Schwab (Symbol: SCHW) — Shares of Charles Schwab fell 9.4% after the company missed analyst estimates on the top and bottom lines in the first quarter. The company reported earnings per share of 77 cents on $4.67 billion in revenue. Analysts expected 84 cents per share on revenue of $4.83 billion.
  • Southwest Gas (Symbol: SWX) — The utility stock rose 5.7% after Southwest Gas said its board had authorized the review of a full range or strategic alternatives, after receiving what it called an “indication of interest” well in excess of investor Carl Icahn’s $82.50 per share offer.
  • Didi Global (Symbol: DIDI) — Shares dropped 18.3% after the China-based ride-hailing firm reported a 12.7% drop in fourth-quarter revenue compared with a year earlier. The company announced a shareholding meeting would be held on May 23 to vote on delisting from the New York Stock Exchange.
  • Sirius XM Holdings (Symbol: SIRI) — The satellite radio stock shed 3.1% after a downgrade to underweight from Morgan Stanley. Production issues for new cars, which are a major area of new subscribers for Sirius, could hurt the stock, Morgan Stanley said.

During Premarket hours today – (Tuesday – 19.04.2022)

  • Netgear (Symbol: NTGR) – Netgear tumbled 10.6% in premarket trading after the networking equipment maker reported weaker-than-expected preliminary results for the quarter that ended April 3. Netgear also cut its current-quarter revenue forecast, pointing to a weaker U.S. market for WiFi equipment.
  • Zendesk (Symbol: ZEN) – Zendesk jumped 6.1% in premarket trading following a Bloomberg report that the customer service software developer is exploring a possible sale. Zendesk is said to have hired adviser Qatalyst Partners to assist in the process.
  • Acadia Pharmaceuticals (Symbol: ACAD) – Acadia Pharmaceuticals slid 7.7% in premarket action after the drugmaker said its experimental drug to treat post-operative pain did not meet its primary goal in a Phase 2 study.
  • Plug Power (Symbol: PLUG) – The hydrogen fuel cell company’s stock jumped 6.6% in premarket action after it announced an agreement to supply liquid green hydrogen to Walmart (WMT).
  • American Campus Communities (Symbol: ACC) – The student housing real estate investment trust agreed to be bought by Blackstone (BX) in a deal worth $12.8 billion, including debt. American Campus Communities leaped 12.9% in the premarket.

*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.