During Market hours Yesterday – (Thursday – 08.04.2021):

U.S. weekly jobless claims total 744,000, vs 694,000 estimate

  • Nasdaq (Symbol: QQQ) gained 1.04%. The S&P 500 (Symbol: SPY) went up 0.47%.  The Dow (Symbol: DIA) gained 0.23%.
  • Costco (Symbol: COST)– The retailer’s share price rose 0.67% after the company said same-store sales jumped 16% during March. Costco said that online sales rose 57.7% year over year, while net sales for the retail month of March came in at $18.21 billion, up from $15.49 billion in the same period a year ago.
  • Constellation Brands (Symbol: STZ)– Shares of the spirits maker slid 4.57% despite Constellation Brands beating top and bottom line estimates during the fourth quarter. The company earned $1.95 per share on $1.95 billion in revenue. Analysts surveyed by Refinitiv expected the company to earn $1.55 per share on $1.87 billion in revenue.
  • Box (Symbol: BOX)—Shares of the cloud company tanked 9.35% after announcing a new $500 million strategic investment in convertible preferred stock from KKR, which will mainly be used for a Dutch auction stock repurchase following fiscal first quarter of 2022 earnings.
  • GameStop (Symbol: GME)— The video game retailer’s share price dipped 4.33% after the company announced that Chewy co-founder Ryan Cohen would take on the chairman role. Cohen currently serves on the board of directors and has pushed to change GameStop’s focus to e-commerce.
  • WW International (Symbol: WW)– Shares of the weight management service company dropped 4.19% after Morgan Stanley downgraded the stock to equal weight from overweight. The Wall Street firm cited the stock’s big run-up over the past 12 months that pushed the price within about 5% of its price target.
  • Bilibili (Symbol: BILI)– Shares of the video streaming company rose more 2.25% after Bilibili denied a Reuters report that it’s in talks to buy a 24% stake in Yoozoo Games.

During Premarket hours today – (Friday – 09.04.2021):

  • Levi Strauss (Symbol: LEVI) – Levi Strauss reported quarterly profit of 34 cents per share for its latest quarter, 9 cents a share above consensus. Revenue also came in above Wall Street forecasts with help from a 41% rise in digital sales. The apparel maker raised its revenue forecast for the first half of this year, betting on a rebound in-store traffic as vaccines roll out. The company’s stock jumped 5.7% in premarket trading.
  • WD-40 (Symbol: WDFC) – WD-40 fell 8 cents a share short of estimates, with quarterly earnings of $1.24 per share. The lubricant maker’s revenue also came in below analysts’ projections. The company said supply chain issues hurt its ability to meet customer demand, and its stock tumbled 7.9% in the premarket.
  • FuboTV (Symbol: FUBO) – FuboTV won the streaming rights to the Qatar World Cup 2022 qualifying matches involving the 10 teams in the South American Football Confederation. Terms of the deal were not disclosed. The stock surged 6.2% in the premarket.
  • Bridgetown Holdings (Symbol: BTWN) – The SPAC backed by billionaire investors Peter Thiel and Richard Li is in advanced talks to take Indonesia-based travel services company Traveloka public, according to people familiar with the matter who spoke to Bloomberg. Bridgetown shares added 3.5% in premarket trading.
  • Honeywell (Symbol: HON) – Honeywell shares rose 1.3% in premarket action after Deutsche Bank upgraded the stock to “buy” from “hold,” noting underperformance so far in 2021 as well as Honeywell’s favorable exposure to the current state of the economic cycle. JPMorgan Chase also named Honeywell a “top pick,” citing similar reasons.
  • Okta (Symbol: OKTA) – Okta shares rose 2.5% in premarket trading after a 7.2% gain Thursday. That followed a meeting with analysts at which the maker of identity management software reiterated its guidance for the year and introduced two new products that could expand its addressable market.
  • Sogou (Symbol: SOGO) – China regulators are set to clear the purchase of the country’s third-largest search engine by tech giant Tencent Holdings, according to people with knowledge of the matter who spoke to Reuters. Tencent is planning to pay $3.5 billion for the 60% of Sogou that it does not already own. Sogou shares jumped 6.2% in premarket action.

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