During Market hours yesterday — (Thursday – 10.06.2021):

  • The Dow (Symbol: DIA) went up 0.1%. The S&P500 (Symbol: SPY) popped 0.5% and the Nasdaq (Symbol: QQQ) rose 0.8%.
  • RH (Symbol: RH) – Shares of RH surged about 15.7% after the retailer’s first-quarter financial results beat Wall Street expectations. The home furnisher, known formerly as Restoration Hardware, reported adjusted earnings of $4.89 per share on revenue of $861 million. Analysts were expecting adjusted earnings of $4.10 per share on revenue of $758 million. RH also raised its full-year outlook.
  • Signet Jewelers (Symbol: SIG) – Signet shares jumped nearly 14% after the company’s first-quarter earnings topped analysts’ projections. The jeweler reported adjusted earnings of $2.23 per share, compared with the Street’s $1.27 per share expectation. Signet also beat analysts’ revenue expectations and its same-store sales more than doubled.
  • ServiceNow (Symbol: NOW) – Shares of the enterprise software company jumped about 5.3% after Goldman Sachs added the stock to its conviction buy list. The firm said that the company’s growth should accelerate again in 2022 and its shares had upside of nearly 50%.
  • Bristol-Myers Squibb (Symbol: BMY) – The pharmaceutical company was trading 3% higher after it reported positive results from a Phase 3 study in lymphoma. Bristol-Myers Squibb said it’s the first time a treatment beyond chemotherapy and stem cell transplant has demonstrated a benefit in relapsed or refractory large B-cell lymphoma.
  • Eli Lilly and Co. (Symbol: LLY) – Shares of the company gained more than 3% after Eli Lilly said it had entered into a clinical trial collaboration and supply agreement with ALX Oncology. The trial will focus on patients with gastric or gastroesophageal junction cancer.
  • GameStop (Symbol: GME) – Shares of GameStop fell about 19%. The company has hired two former Amazon executives to lead as CEO and CFO as the Securities and Exchange Commission is seeking information on the recent trading frenzy around it. GameStop also reported better than expected earnings Wednesday.

During Premarket hours today – (Friday – 11.06.2021):

  • Snowflake (Symbol: SNOW) – Snowflake shares fell 3.7% in premarket trading, following the cloud computing company’s presentation of financial targets at its Investor Day meeting. Snowflake set a target of reaching $10 billion in annual product revenue by 2029, compared to $554 million in its fiscal year that ended in January.
  • Vertex Pharmaceuticals (Symbol: VRTX) – The drugmaker halted development of an experimental drug designed to treat a rare genetic disease called AAT Deficiency. Vertex said the drug raised levels of a deficient protein, but not enough to provide a substantial benefit. Vertex plunged 13.9% in the premarket.
  • AMC Entertainment (Symbol: AMC), GameStop (Symbol: GME), Clover Health (Symbol: CLOV) – These “meme stocks” continue to be volatile, with AMC surging 8% in the premarket, GameStop jumping 5.7% and Clover Health up 3%.
  • Tesla (Symbol: TSLA) – Tesla unveiled its Model S Plaid at an event held at its Fremont, California factory. The new high-end version of its Model S sells for just under $130,000. Separately, Goldman Sachs reiterated its “buy” rating on the stock.
  • Monday.com (Symbol: MNDY) – The Israel-based maker of work management software is on watch ahead of its second day of trading, after pricing its initial public offering at $155 per share and closing Thursday at $178.87.

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