During Market hours Yesterday — (Thursday – 16.12.2021):
- The Dow (Symbol: DIA) went down 0.10%. The S&P 500 (Symbol: SPY) lost 0.88% and the Nasdaq (Symbol: QQQ) dropped 2.57%.
- Adobe (Symbol: ADBE) — Shares of Adobe sank 11.4% after issuing weaker-than-expected guidance. Adobe forecast fiscal year 2022 adjusted earnings of $13.70 per share versus the $14.26 per share consensus expectation from Refinitiv.
- AT&T (Symbol: T) — Shares of telecom giant AT&T rallied 7.4% after Morgan Stanley upgraded the stock to an overweight rating from equal-weight. The firm said AT&T shares look attractive after the stock’s underperformance this year. More visibility into AT&T’s WarnerMedia and Discovery deal should provide a growth catalyst next year, according to Morgan Stanley.
- Robinhood (Symbol: HOOD) — Shares of the stock trading app fell more than 6% after Bank of America initiated coverage of the stock with an underperform rating. The Wall Street firm said “the perfect storm” from the pandemic is over for Robinhood, and it estimated that the broker’s organic growth and trading activity could face a multi-year headwind as client engagement fades.
- Accenture (Symbol: ACN) — Shares of Accenture surged 7.2% after the consulting firm reported better-than-expected quarterly profit and revenue. The company posted earnings of $2.78 per share on revenue of $14.97 billion. Analysts surveyed by Refinitv expected a profit of $2.63 per share on revenue of $14.19 billion. Accenture also raised its earnings guidance for fiscal 2022.
- Airbnb (Symbol: ABNB) — Airbnb shares fell 6.7% after RBC downgraded the stock to sector perform from outperform. The firm said Airbnb’s risk versus reward is “ultimately appearing too balanced at current levels to warrant the Outperform.”
- Ford (Symbol: F) — Ford shares rallied 1.6% after Wells Fargo named the auto stock a top pick in the new year. The firm said, “We expect the auto recovery trade will finally start to work in 2022.”
During Premarket hours today – (Friday – 17.12.2021):
- Winnebago (Symbol: WGO) – The recreational vehicle maker added 3.4% in premarket trading after a sizable bottom-line beat for its fiscal first quarter. Winnebago earned $3.51 per share, compared with the consensus estimate of $2.26 and revenue that also came in above analyst forecasts.
- FedEx (Symbol: FDX) – The delivery service’s shares rallied 5.9% in the premarket after beating estimates on the top and bottom lines for its latest quarter. FedEx earned an adjusted $4.83 per share, beating the $4.28 consensus estimate, with higher shipping rates helping to make up for increased expenses.
- Bottomline Technologies (Symbol: EPAY) – Bottomline shares soared 15.1% in the premarket after the fintech company agreed to be acquired by private equity firm Thoma Bravo for $57 per share in cash, or $2.6 billion.
- Cerner (Symbol: CERN) – The healthcare information-technology company’s stock soared 18.9% in premarket trading after the Wall Street Journal reported that Oracle (Symbol: ORCL) was in talks to buy Cerner in a potential $30 billion deal. Oracle fell 4.6%.
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