During Market hours Thursday – (Thursday – 01.04.2021):
- Nasdaq (Symbol: QQQ) gained 1.70%. The S&P 500 (Symbol: SPY) went up 1.08%. The Dow (Symbol: DIA) gained 0.38%.
- Microsoft (Symbol: MSFT)— Microsoft shares rose 2.79% after the software giant confirmed that it will build more than 120,000 custom HoloLens augmented reality headsets for the U.S. Army. The contract will be worth $21.9 billion over 10 years and is considered a key revenue-generating achievement after years of research and development on the futurist product.
- QuantumScape (Symbol: QS) – Shares of the lithium-battery producer ticked up 10.17% after the company revealed that it met the requirements to close a $100 million investment by Volkswagen. The auto company is set to test QuantumScape’s solid-state lithium-metal cells in their labs in Germany.
- Western Digital (Symbol: WDC)– Shares of the chipmaker jumped 6.92% after it and Micron Technology are said to be exploring a deal to buy Japanese semiconductor firm Kioxia for about $30 billion, according to a Wall Street Journal report.
- Ford (Symbol: F)— Ford slipped 0.65% after it said it’s planning for more downtime at several U.S. factories as a global shortage of semiconductors continues to interrupt production. The company said Wednesday that it would halt manufacturing at several plants throughout the U.S. and one site in Canada.
- Nio (Symbol: NIO)— The China-based electric vehicle maker saw its shares rise about 1.74% after the company said it delivered 7,257 vehicles in March. That marked a 373% increase over the same month last year.
- Wingstop (Symbol: WING) – The restaurant company’s shares rose 6.81% after the company recently released preliminary results for its first quarter. The preliminary results showed that Wingstop’s domestic same-store sales are up 20.7% on a year-over-year basis, with digital sales surging by 63.6%.
- CarMax (Symbol: KMX)— Shares of CarMax dipped more than 7% after the company missed revenue estimates in its quarterly report. The car company made $5.16 billion, below estimates of $5.17 billion, according to Refinitiv.
- Micron (Symbol: MU)— Shares of the chipmaker rose 4.76% after the company beat on the top and bottom lines of its quarterly results. Micron earned 98 cents per share on revenue of $6.24 billion. Analysts expected earnings of 95 cents per share on revenue of $6.21 billion, according to Refinitiv. Micron also gave strong-than-expected third quarter earnings and revenue guidance.
During Premarket hours today – (Monday – 05.04.2021):
The Labor Department reported Friday that nonfarm payrolls increased by 916,000 in March, the highest since August 2020, while the unemployment rate fell to 6%. Economists surveyed by Dow Jones were expecting an increase of 675,000 and a jobless rate of 6%.
- Tesla (Symbol: TSLA) – Tesla delivered nearly 185,000 vehicles during the first quarter, a record for the company and more than 10,000 about consensus forecasts. The stock jumped 7.6% in the premarket.
- GameStop (Symbol: GME) – The video game retailer announced plans to sell up to 3.5 million shares in an “at-the-market” offering, with plans to use the proceeds to strengthen its balance sheet and accelerate its ongoing transformation. GameStop also said sales for the first nine weeks of its current quarter were up 11% from the same period a year ago. GameStop tumbled 15.1% in premarket trading.
- Roblox (Symbol: RBLX) – Shares of the video game development platform company’s stock jumped 3.5% in premarket action, as Goldman began coverage with a “buy” rating and Morgan Stanley initiated coverage with a rating of “overweight.” Both firms cite robust growth prospects, with Goldman noting that Roblox is able to outsource game development costs to creators.
- Royal Caribbean (Symbol: RCL), Norwegian Cruise Line (Symbol: NCLH), Carnival (Symbol: CCL) – The Centers for Disease Control and Prevention updated its guidance for resuming U.S. cruise ship sailings, although it did not set a specific date for resumption. Royal Caribbean gained 1.5% in the premarket, with Norwegian up 2.5% and Carnival higher by 2.2%.
- Pinterest (Symbol: PINS) – The image-sharing website operator is in talks to buy photo app company VSCO, according to The New York Times. A potential deal price could not be determined, but VSCO was most recently valued at $550 million. Pinterest shares rose 1.6% in the premarket.
- General Motors (Symbol: GM), Ford Motor (Symbol: F) – Wells Fargo began coverage of both automakers with ratings of “overweight,” pointing to Ford’s faster turnaround under new CEO Jim Farley and GM’s leading position in electric vehicles and connectivity. GM shares added 1.7% in premarket action, while Ford rose 1.5%.
- Pioneer Natural (Symbol: PXD) – Pioneer Natural struck a deal to buy privately held rival shale producer DoublePoint Energy for about $6.4 billion, continuing the consolidation trend in the shale industry. Pioneer shares fell 4.4% in premarket trading.
- Moderna (Symbol: MRNA) – Moderna received Food and Drug Administration approval to fill Covid-19 vaccine vials with up to 15 doses, up from the previous 10 doses. Moderna said it expects to begin shipping the 15-dose vials within a few weeks, and its stock rose 1.5% in premarket trading.
- Morgan Stanley (Symbol: MS) – Morgan Stanley said it would increase its dividend as soon as restrictions are lifted by the Federal Reserve. The Fed is scheduled to release the next round of bank stress test results in June. Morgan Stanley rose 1.4% in the premarket.
- Lamb Weston (Symbol: LW) – Shares of the foodservice company gained 1.9% in the premarket after Bank of America Securities upgraded it to “buy” from “neutral” and raised the price target to $100 per share from $84 a share. BofA said the company is poised to approach pre-Covid business levels, with demand improving.
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