During Market hours yesterday – (Monday – 18.10.2021):

  • The Dow (Symbol: DIA) fell 0.1%. The S&P 500 (Symbol: SPY) went up 0.3% and the Nasdaq (Symbol: QQQ) rose 1.01%.
  • Occidental Petroleum (Symbol: OXY) – Shares of the energy company gained 4% after Truist upgraded the stock to a buy rating based on an expected jump in shareholder returns.
  • Zillow (Symbol: Z) – The real estate stock dropped 9.5% after Zillow announced that it would not sign any new contracts to buy homes through the end of the year “due to a backlog in renovations and operational capacity constraints.”
  • Albertsons (Symbol: ACI) – Albertsons shares rose 3.3% after the supermarket chain’s quarterly earnings report beat Wall Street’s expectations.
  • State Street (Symbol: STT) – State Street shares added 2.2% after the financial services firm’s third-quarter earnings beat expectations. The company posted adjusted earnings of $2 per share versus $1.92 per share expected, according to StreetAccount. Revenue also topped projections. State Street said it would resume its share buyback program in the second quarter of 2022.
  • Virgin Galactic (Symbol: SPCE) – Shares of Virgin Galactic fell 1.5%, continuing a slide from Friday, after UBS downgraded the stock to sell from neutral. The downgraded followed Virgin’s announcement last week that it was delaying its next flight launch until 2022.
  • NetApp (Symbol: NTAP) – Shares of NetApp fell 4.3% after Goldman downgraded the cloud computing stock to a sell from neutral. Goldman also cut its price target on the stock to $81 per share from $85.
  • CDW (Symbol: CDW) – CDW shares rose 4.8% after the technology company announced it would acquire Sirius Computer Solutions for $2.5 billion in cash.

During Premarket hours today – (Tuesday – 19.10.2021):

  • Procter & Gamble (Symbol: PG) – The consumer products giant beat estimates by 2 cents a share, with quarterly earnings of $1.61 per share. Revenue also topped Wall Street forecasts. P&G said it was facing increasing commodity and transportation costs, however, and its shares fell 1.1% in the premarket.
  • Johnson & Johnson (Symbol: JNJ) – J&J shares rose 1% in premarket trading after the company reported quarterly profit of $2.60 per share, 25 cents a share above estimates. Revenue was slightly below analysts’ forecasts.
  • Travelers (Symbol: TRV) – The insurance company’s stock jumped 3.3% in premarket action after it beat top and bottom line estimates for the third quarter. Travelers earned $2.60 per share, well above the $1.67 a share consensus estimate, helped by strong investment and underwriting results.
  • Bank of New York Mellon (Symbol: BK) – The bank came in 3 cents a share ahead of estimates, with quarterly earnings of $1.04 per share. Revenue also came in above consensus, benefiting from funds released from credit loss provisions, as well as increased fee income.
  • Halliburton (Symbol: HAL) – The oilfield services company matched forecasts, with quarterly profit of 28 cents per share. Revenue fell short of analysts’ predictions. Halliburton results were helped by rising oil prices, and the company expects that trend to continue. Its shares fell 1% in premarket trading.
  • Philip Morris International (Symbol: PM) – The tobacco producer came in 3 cents a share ahead of estimates, with quarterly earnings of $1.58 per share. An increase in shipment volumes helped revenue rise above forecasts as well.
  • BioNTech (Symbol: BNTX), Pfizer (Symbol: PFE), Moderna (Symbol: MRNA) – The drugmakers are on watch list after multiple reports that the Food and Drug Administration was set to approve “mix and match” Covid-19 vaccine booster doses this week. BioNTech jumped 2.7% in premarket trading, while Moderna added 1.8%.
  • Zions Bancorp (Symbol: ZION) – Zions beat estimates by 10 cents a share, with quarterly earnings of $1.45 per share. The bank’s revenue fell below Wall Street forecasts. Zions said loan demand has recovered after several weak quarters. Its stock slid 2.1% in the premarket.

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