During Market hours Yesterday — (Thursday – 17.03.2022):
- The Dow (Symbol: DIA) went up 1.20%. The S&P 500 (Symbol: SPY) gained 1.25% and the Nasdaq (Symbol: QQQ) jumped 1.21%.
- Dollar General (Symbol: DG) — Shares of the discount retail chain gained 4.5% despite a weaker-than-expected fourth-quarter report. Dollar General reported $8.65 billion in sales for the quarter, below the $8.7 billion expected by analysts, according to Refinitiv. The company’s $2.57 in earnings per share matched expectations. The company did announce a 31% dividend increase, and some analysts cited Dollar General’s outlook as a positive.
- PagerDuty (Symbol: PD) — Shares rallied 20.9% after PagerDuty posted a better-than-expected quarterly report. The company lost an adjusted 4 cents per share for its latest quarter, beating the Refinitiv consensus estimate by 2 cents. The digital operations platform provider’s revenue also defied Street forecasts, and PagerDuty issued an upbeat revenue forecast.
- Occidental Petroleum (Symbol: OXY) — The energy stock rose 9.5% after Warren Buffett’s Berkshire Hathaway purchased an additional 18.1 million shares of Occidental. A filing with the Securities and Exchange Commission on Wednesday shows it paid a weighted average of $54.41 per share, a total of $985 million for the new shares.
- Ralph Lauren (Symbol: RL) — The retail stock rose 4.6% after JPMorgan upgraded Ralph Lauren to an overweight rating from neutral. The firm said Ralph Lauren could benefit from an “elevated casual” apparel trend as customers return to the office.
- McDonald’s (Symbol: MCD) — McDonald’s shares were marginally lower as Morgan Stanley lowered its price target on the fast-food giant to $287 per share from $294 amid store closures in Russia and Ukraine. The company has said the closures could cost it $50 million a month.
- SolarEdge Technologies (Symbol: SEDG) — Shares fell 5.9% after the company announced a proposed public offering of 2 million shares of its common stock.
During Premarket hours today – (Friday – 18.03.2022):
- FedEx (Symbol: FDX) — FedEx earned an adjusted $4.59 per share for its latest quarter, missing estimates by 5 cents, though the delivery service’s revenue beat analyst forecasts. FedEx’s bottom line was impacted by worker shortages stemming from the Covid-19 omicron variant outbreak during the quarter. FedEx lost 3.1% in the premarket.
- GameStop (Symbol: GME) — GameStop reported an unexpected quarterly loss, even as the videogame retailer’s revenue topped estimates. GameStop CEO Matt Furlong said the omicron variant and supply chain issues had a significant impact on results during the holiday season. GameStop slid 7.6% in the premarket.
- Moderna (Symbol: MRNA) — Moderna is seeking FDA approval for a second booster shot of its Covid-19 vaccine for adults aged 18 and older. The submission comes a day after Pfizer (PFE) and partner BioNTech (BNTX) asked the FDA to approve a second booster for people 65 years and older. Moderna gained 1% in premarket action.
- Boeing (Symbol: BA) — The jet maker is in talks with Delta Air Lines (DAL) for a 737 MAX 10 jet order of up to 100 aircraft, according to people familiar with the matter who spoke to Reuters.
- SolarEdge Technologies (Symbol: SEDG) — The solar equipment and software producer’s 2 million shares offering was priced at $295 per share, compared with Thursday’s close of $314.60. SolarEdge slid 3.4% in the premarket.
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