During Market hours Yesterday (Thursday – 10.02.2022):

Yesterday, the stock market in the United States plummeted as inflation fears grew. Inflation has increased to 7.5 percent. Below some of the most representative highlights:

  • The Dow (Symbol: DIA) went down 1.43%. The S&P 500 (Symbol: SPY) lost 1.80% and the Nasdaq (Symbol: QQQ) dropped 2.26%.
  • Coca-Cola (Symbol: KO) — Shares of beverage giant rose 1% after it topped analysts’ expectations in its fourth-quarter results. Coca-Cola beat profit estimates by 4 cents per share with adjusted quarterly earnings of 45 cents per share. Revenue also topped Wall Street forecasts, according to Refinitiv.
  • Disney (Symbol: DIS) — Shares of the media giant rose nearly 4% in midday trading following its stellar quarterly report. The company reported per-share earnings 43 cents above Wall Street estimates, according to Refinitiv. The company also topped revenue expectations. Disney+ subscriptions totaled 129.8 million, higher than the forecast 125.75 million.
  • Uber (Symbol: UBER) — Shares of the ride-hailing company fell 2.1% even after its quarterly revenue beat analysts’ estimates and said it’s starting to bounce back from headwinds caused by the omicron coronavirus surge. At its investor day Thursday, Uber also said it expects to be free cash flow positive before the end of the year.
  • Mattel (Symbol: MAT) — The toy and game maker’s shares rose 8% after the company reported fourth-quarter earnings and revenue that topped analysts’ forecasts. Mattel’s results were driven in part by growth in its Barbie brand. The company also issued an upbeat 2022 outlook.
  • Twilio (Symbol: TWLO) — The software maker’s shares soared 7.3% after the company reported a revenue beat and bold quarterly guidance. Its fourth-quarter revenue was nearly 10% higher than analysts expected. The company also said it saw gains from its acquisitions of Segment and Zipwhip.
  • PepsiCo (Symbol: PEP) — PepsiCo shares dipped 1.8% even after the food and beverage company beat analysts’ expectations in its fourth-quarter earnings. The company warned of cost pressures as inflation persists.

During Premarket hours today – (Friday – 11.02.2022):

  • Under Armour (Symbol: UAA) — The athletic apparel maker reported an adjusted quarterly profit of 14 cents per share, doubling consensus estimates, with better-than-expected revenue. Under Armour saw strong demand for its athletic wear and was also helped by higher prices implemented to counter increased costs. However, Under Armour said its gross margins would fall by 200 basis points for the current quarter due to supply chain challenges, and the stock slid 2.6% in premarket action.
  • Zillow Group (Symbol: ZG) — Zillow posted an adjusted quarterly loss of 42 cents per share, compared with a projected loss of $1.07. The real estate website operator also reported better-than-expected revenue. Those results came despite an $881 million loss on its now-shuttered home-flipping business. Zillow shares surged 13.2% in the premarket.
  • Expedia (Symbol: EXPE) — Expedia earned an adjusted $1.06 per share for its latest quarter, beating the 69-cent consensus estimate, though the travel services company’s revenue was just shy of analyst forecasts. Expedia said the Covid-related impact on travel bookings was significant, but less severe and for a shorter duration than prior Covid waves. Expedia rallied 4.6% in premarket trading.
  • Zendesk (Symbol: ZEN) — Zendesk rejected a takeover bid of $127 to $132 per share from a group of private equity firms. The software development company said it would push ahead with its proposed acquisition of SurveyMonkey parent Momentive Global (Symbol: MNTV), despite pressure from activist investor Jana Partners to abandon the deal. Zendesk rose 2.7% in the premarket, while Momentive Global jumped 7.9%.
  • GoDaddy (Symbol: GDDY) — GoDaddy beat estimates by 11 cents with adjusted quarterly earnings of 52 cents per share and better-than-expected revenue. The cloud computing company also announced a $3 billion share repurchase program. GoDaddy leaped 5.8% in the premarket.
  • Yelp (Symbol: YELP) — Yelp more than doubled the 14-cent consensus estimate in reporting a quarterly profit of 30 cents per share. The online review site operator also reported better-than-expected revenue amid strength in its advertising business. Yelp jumped 4.5% in premarket action.
  • Affirm Holdings (Symbol: AFRM) — The financial technology company — best known for its buy-now-pay-later plans — tumbled 10.4% in the premarket after plummeting 21.4% in Thursday trading. Affirm stock first plunged after the company inadvertently released its quarterly report earlier than intended. The pressure continued amid projections of higher transaction volume but lower-than-expected revenue.

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