During Market hours Yesterday (Thursday – 17.02.2022):

  • The Dow (Symbol: DIA) went down 1.7%. The S&P 500 (Symbol: SPY) lost 2.1% and the Nasdaq (Symbol: QQQ) dropped 3%.
  • DoorDash (Symbol: DASH) — Shares of DoorDash jumped 10.6% after the food delivery company’s quarterly revenue turned out better than expected. DoorDash reported $1.3 billion in revenue last quarter, beating a Refinitiv estimate of $1.28 billion. The company also posted strong order numbers and added new users, suggesting that demand for food delivery services remains high.
  • Palantir Technologies (Symbol: PLTR) — Shares of Palantir dropped 15.7% after the company’s earnings fell short of forecasts for the fourth quarter, though its revenue beat estimates. Its reported net loss was $156.19 million, wider than the $148.34 million loss seen in the year-earlier period.
  • Fastly (Symbol: FSLY) — The cloud computing company’s shares plunged 33.6% on disappointing full year guidance. Fastly reported a fourth quarter loss, though it was narrower than analysts had expected, and revenue beat consensus estimates.
  • Nvidia (Symbol: NVDA) — Shares of the chipmaker fell 7.5% despite the company reporting strong quarterly results. Nvidia noted that its automotive business, which represents a growth market for its chips, had revenue drop 14% to $125 million. It also came under pressure on concerns about its exposure to the cryptocurrency market.
  • Cheesecake Factory (Symbol: CAKE) — The restaurant chain saw its shares rise 4% before pulling back, despite it reporting earnings that missed analysts’ expectations along with increased input costs that negated a beat in revenue. The company is planning a price increase in new menus that could lift prices later this year.
  • Walmart (Symbol: WMT) — The retail giant’s shares rose 4% after Walmart topped earnings expectations and said it’s on track to hit long-term financial targets, calling for adjusted earnings per share growth in the mid single-digits.
  • Equinix (Symbol: EQIX) — Digital infrastructure company Equinix gained 2.6% after TD Securities upgraded the stock to buy from hold, citing its recent pullback. The upgrade came a day after the company reported fourth quarter adjusted EBITDA that beat estimates, as well as a slight revenue beat.

During Premarket hours today – (Friday – 18.02.2022):

  • DraftKings (Symbol: DKNG) – The sports betting company’s stock tumbled 13.2% in the premarket, despite a narrower-than-expected quarterly loss and revenue that beat estimates. DraftKings projects a wider-than-expected adjusted loss for the full year as costs continue to rise.
  • Roku (Symbol: ROKU) – Roku shares were down 26% in the premarket, despite better-than-expected earnings for its latest quarter. The maker of video streaming devices’ revenue fell short of analyst forecasts, and it issued a weaker-than-expected outlook due to higher component prices and supply chain disruptions.
  • Bloomin’ Brands (Symbol: BLMN) – The restaurant operator beat estimates by 8 cents with an adjusted quarterly profit of 60 cents per share, with revenue slightly above consensus. The parent of Outback Steakhouse and other chains also reinstated its quarterly dividend and announced a new $125 million share buyback program. The stock surged 6.6% in premarket action.
  • Shake Shack (Symbol: SHAK) – Shake Shack reported an adjusted quarterly loss of 11 cents per share, narrower than the 11-cent loss analysts were anticipating, while the restaurant chain’s revenue matched Wall Street forecasts. Shake Shack said the omicron variant kept customers away and led to some temporary restaurant closures. It also issued a downbeat current-quarter forecast amid increasing costs. Shake Shack plunged 15.5% in premarket trading.
  • Pilgrim’s Pride (Symbol: PPC) – Pilgrim’s Pride slumped 14.8% in premarket trading after Brazilian meatpacker JBS dropped plans to buy the portion of the poultry producer that it doesn’t already own. JBS holds an 80% stake in Pilgrim’s Pride, but the two sides could not agree on terms of a deal for the remaining 20%.

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