During Market hours yesterday — (Thursday – 14.01.2021):

  • The Dow (Symbol: DIA) went down 0.6%. The S&P500 (Symbol: SPY) sank 0.3% and the Nasdaq (Symbol: QQQ) slid 0.5%
  • Virgin Galactic (Symbol: SPCE), Maxar Technologies (Symbol: MAXR)  — Shares of the space stocks jumped on news that Cathie Wood’s Ark Invest is launching a space-exploration ETF. Shares of commercial spaceflight pure play Virgin Galactic surged 19.9% and satellite communications stock Maxar Technologies jumped 19.6%.
  • Delta Air Lines (Symbol: DAL)  — Shares of the airline popped 2.5% after reporting its cash burn averaged $12 million a day in the quarter ended Dec. 31, down by half from its average cash burn of $24 million a day in the third quarter. Delta missed analysts expectations for earnings per share but topped estimates for revenue.
  • General Motors (Symbol: GM) — The legacy automaker continued its strong week on Wall Street, with its shares rising 5.8%. Investment firm Argus upgraded the stock to buy from hold, saying in a note to clients that it was bullish on GM’s electric vehicle plan and that the market undervalues its traditional business.
  • Poshmark (Symbol: POSH)  — Shares of the online clothing reseller more than doubled after the company’s initial public offering, continuing a recent trend of massive pops for IPOs. The stock finished with a first-day gain of 141.7%.
  • BlackRock (Symbol: BLK)  – Shares of the world’s largest asset manager dropped 4.7% even after the company reported better-than-expected quarterly earnings. BlackRock said its adjusted quarterly profit came in at $10.18 per share for the fourth quarter, beating the Refinitiv consensus estimate of $9.14, with revenue above estimates as well. Its assets under management also grew to a record $8.68 trillion during the quarter. The stock climbed more than 43% last year.
  • GameStop (Symbol: GME) – The video game company’s stock soared another 27% after a 57% rally in the previous session. The strength came after GameStop said Chewy co-founder and former CEO Ryan Cohen is joining its board. There was also a rush of short covering that pushed prices higher.
  • Intel (Symbol: INTC) – Shares of the chipmaker advanced 4% after a number of Wall Street analysts hiked their rating on the company. The bullish calls follow Intel’s announcement that CEO Bob Swan will step down with VMWare CEO Pat Gelsinger taking the helm. “No quick fix, but with Gelsinger, there is light at the end of the tunnel,” Morgan Stanley said.
  • Ethan Allen Interiors (Symbol: ETH) — Shares of the furniture company jumped 6.6% after Ethan Allen’s preliminary results for its fiscal second quarter topped expectations. The company said it expected between 67 cents and 69 cents in adjusted earnings per share. Analysts surveyed by FactSet were expecting 46 cents per share. Ethan Allen’s CEO said in a statement that the company had record high order backlog at the end of December.
  • Signet Jewelers (Symbol: SIG) — The jewelry stock climbed more than 6% after Signet said its same store sales during the holiday season were up by 5.6% compared with the same period in 2019. The company’s ecommerce sales jumped nearly 61% year over year.

During Premarket hours today – (Friday – 15.01.2021):

  • JPMorgan Chase (Symbol: JPM) – The bank reported fourth-quarter earnings and revenue that topped Wall Street forecasts. Strong trading and investment banking results were among the factors helping the company’s bottom line.
  • PNC Financial (Symbol: PNC) – PNC reported better-than-expected revenue and earnings for the fourth quarter, saying operational results were solid and it recaptured some credit reserves thanks to an improving economy.
  • Playtika (Symbol: PLTK) – Playtika priced its initial public offering at $27 per share, above the target range of $22 to $24 per share. The mobile gaming company’s stock will begin trading today on the Nasdaq.

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