During Market hours Yesterday — (Thursday – 09.12.2021):
- The Dow (Symbol: DIA) went up 0.03%. The S&P 500 (Symbol: SPY) went down 0.68% and the Nasdaq (Symbol: QQQ) dropped 1.42%.
- Hormel Foods (Symbol: HRL) — Shares of Hormel rose 5.7% after the food producer beat quarterly earnings estimates. The company posted a quarterly profit of 51 cents per share, one cent above the Refinitiv consensus projection. Revenue also topped Wall Street expectations.
- Lucid Group (Symbol: LCID) — Shares of the electric vehicle start-up tanked more than 12% a day after the company announced a proposed $1.75 billion convertible senior notes offering. Lucid also recently revealed that it received a subpoena from the Securities and Exchange Commission “requesting the production of certain documents related to an investigation.”
- American Airlines (Symbol: AAL), Boeing (Symbol: BA) — Shares of American Airlines gave up nearly 1% after the company said it’s reducing its flying schedule next summer because it’s awaiting Boeing’s deliveries of its 787 Dreamliners. It also said Boeing plans to compensate the air carrier. Shares of Boeing slid 1.7%.
- Sunrun (Symbol: RUN), Sunnova (Symbol: NOVA) — Shares of the solar companies slumped despite JPMorgan naming the stocks as top picks for next year. Sunrun declined 3.8% while Sunnova fell 1.7%.
During Premarket hours today — (Friday – 10.12.2021):
- Broadcom (Symbol: AVGO) — The chip maker’s shares rallied nearly 7% in premarket trading after it beat Street forecasts on the top and bottom lines for its latest quarter. Broadcom earned an adjusted $7.81 per share, 7 cents above estimates, and also issued an upbeat forecast on continued high demand from its cloud computing customers.
- Oracle (Symbol: ORCL) — Oracle shares surged 12% in the premarket, after quarterly sales and revenue beat estimates and the business software company announced a $10 billion increase in its share repurchase program. Oracle earned an adjusted $1.21 per share, 10 cents above estimates, with particular strength for its cloud infrastructure business.
- Beyond Meat (Symbol: BYND) — Restaurant chain Taco Bell dropped plans to test Beyond Meat’s plant-based version of carne asada, according to a Bloomberg report. Taco Bell is said to have been dissatisfied with samples it received in October, although the companies continue to work together on new products. Beyond Meat slipped 1.6% in premarket trading.
- C3Ai (Symbol: AI) — The artificial intelligence software company’s stock soared 20% in the premarket after it won a $500 million contract from the U.S. Department of Defense for its suite of AI products.
- AMC Entertainment (Symbol: AMC) — The movie theater operator’s shares slid 1% in premarket trading, after SEC filings showed a sale of 312,500 shares by CEO Adam Aron and a sale of 18,000 shares by CFO Sean Goodman. Aron had indicated in November that he would soon begin selling shares as part of estate planning.
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