During Market hours on Yesterday (Monday – 19.12.2022):

  • The Dow (Symbol: DIA) went down -0.48%. The S&P 500 (Symbol: SPY) lost -0.85%. and the Nasdaq (Symbol: QQQ) rose -1.64%.
  • Disney (Symbol: DIS)— Disney fell -4.77% after its film, “Avatar: The Way of the Water” fell short of box office expectations. The highly-anticipated movie brought in $134 million, less than the $175 million expected by analysts and under the $135 million to $150 million range Disney had forecast.
  • Casino operators — Wynn Resorts (Symbol: WYNN) fell -5.17%, while MGM Resorts (Symbol: MGM) lost -4.04% and Las Vegas Sands (Symbol: LVS) dropped -2.38%. The casino operators were just awarded new 10-year concessions, or operating agreements, to operate their Macao casino resorts. Wynn has committed to investing $2.2 billion in Macao, while Las Vegas Sands is looking at a $3.75 billion investment and MGM plans to invest $2.1 billion.
  • Tesla (Symbol: TSLA)— Tesla’s stock rose as much as +3.3% after CEO Elon Musk, who also owns Twitter, took to the social media platform to poll whether he should stay on as its chief executive. Most voters said yes. However, Tesla failed to maintain those gains and closed down -0.24%.
  • Mesa Air Group (Symbol: MESA)— Shares of the airliner jumped +5% in midday trading after Mesa Air announced it is finalizing a deal to run regional flights for United Airlines, while ending its partnership with American Airlines. However, the stock closed unchanged.
  • Carnival (Symbol: CCL)— The cruise line fell -4.26% after an industry publication reported it canceled bookings for the Carnival Vista in early 2024 and is now set to drydock for just over a month.
  • Warner Bros Discovery (Symbol: WBD)— Warner Bros. Discovery continued its slide since announcing last week it was increasing its restructuring cost estimates by $1 billion. Shares closed down -6.66%.
  • Meta (Symbol: META)— Meta dipped -4.14% after the European Commission said the Facebook parent might be violating EU antitrust laws. The EU also said Meta could be subject to a fine of up to 10% of annual revenue if it determines the laws were violated.
  • Coinbase (Symbol: COIN)— Shares of Coinbase slid -3.91%, hitting a fresh 52-week low, as the fallout of FTX continues to slam the crypto industry. The stock is down more than 85% this year.

During Premarket hours today (Tuesday – 20.12.2022):

  • Lucid (Symbol: LCID) – Lucid rallied over +4% in premarket trading after the electric vehicle maker raised more than $1.5 billion in a series of stock sales.
  • Rocket Lab (Symbol: RKLB) – Rocket Lab fell -1.3% in premarket action after announcing a delay in its first rocket launch from the United States. Rocket Lab cited both poor weather conditions as well as regulatory delays stemming from the processing of documentation by NASA and the Federal Aviation Administration. As a result, Rocket Lab cut its revenue forecast for the fourth quarter.
  • The Trade Desk (Symbol: TTD) – The Trade Desk rose -1.7% in premarket trading after the digital advertising firm’s stock was rated “overweight” in new coverage at Piper Sandler.

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