During Market hours Yesterday — (Thursday – 02.12.2021):
- The Dow (Symbol: DIA) went up 1.81%. The S&P 500 (Symbol: SPY) jumped 1.53% and the Nasdaq (Symbol: QQQ) rose 0.72%.
- Kroger (Symbol: KR) — Shares of Kroger ran up 11% after the grocery chain posted a better-than-expected quarterly report. The company reported earnings of 78 cents per share on revenue of $31.86 billion. Analysts expected a profit of 66 cents per share on revenue of $31.23 billion, according to Refinitiv.
- Snowflake (Symbol: SNOW) — The software stock popped 15.9% following a stronger than expected third-quarter report. Snowflake said it generated $334.4 million in revenue during the third quarter, up 110% year over year and above the Refinitiv forecast of $305.6 million. The company’s product revenue guidance for the fourth quarter and 2022 also topped expectations, according to FactSet.
- Boeing (Symbol: BA) — Shares of the aircraft maker jumped 7.5% after China’s aviation regulator cleared the Boeing 737 Max to return to flying Thursday. That model had been grounded worldwide for more than two years following two fatal crashes.
- Apple (Symbol: AAPL) — Shares of Apple dipped 0.6% after Bloomberg reported that the company told some of its suppliers there could be slowing demand for iPhone 13 models. It previously expected the reduction in its initial production goal to be made up in 2022 but said that may not materialize now.
- Five Below (Symbol: FIVE) — The retail stock gained 5% after a better-than-expected quarterly earnings and sales report. Five Below also reported a 14.8% increase in comparable-store sales, smashing the Refinitiv consensus estimate of 5.3%.
- Lands’ End (Symbol: LE) — Lands’ End shares sunk 9.9% on the back of lower-than-expected third-quarter revenue. The retailer posted revenue of $375.8 million versus a StreetAccount estimate of $398 million. Lands’ End also issued fourth-quarter earnings and revenue guidance below estimates.
During Premarket hours today — (Friday – 03.12.2021):
- DocuSign (Symbol: DOCU) — The software stock sank 32% after its fourth-quarter sales guidance came in at a range of $557 million to $563 million. Analysts surveyed by Refinitiv were expecting $573.8 million.
- Didi Global (Symbol: DIDI) — Shares of the Chinese ride-hailing firm dropped 10% in premarket trading after Didi announced that it would delist from the New York Stock Exchange and pursue a listing in Hong Kong.
- Ulta Beauty (Symbol: ULTA) — The cosmetics retailer’s stock rose more than 5% after a stronger-than-expected third-quarter report. Ulta earned $3.93 per share on $2 billion in revenue during the quarter. Analysts surveyed by Refinitiv had expected $2.46 per share and $1.88 billion in revenue.
- Marvell Technology (Symbol: MRVL) — Shares of the chipmaker jumped 21% in premarket trading after Marvell beat estimates on the top and bottom lines for the third quarter. Marvell reported adjusted earnings of 43 cents per share on $1.21 billion of revenue. Analysts surveyed by Refinitiv were looking for 39 cents per share and $1.15 billion.
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