During Market hours yesterday — (Thursday – 19.01.2023):
- The Dow (Symbol: DIA) went down -0.70%. The S&P 500 (Symbol: SPY) dropped -0.73%. and the Nasdaq (Symbol: QQQ) lost -0.98%.
- Norwegian Cruise Line (Symbol: NCLH) — Shares sunk more -4.83% after the cruise ship operator reported in a filing with the Securities and Exchange Commission that it will report a net loss for the fourth quarter and full year of 2022, as well as the first quarter of 2023.
- Charles Schwab (Symbol: SCHW) — The bank stock lost -6.22% after Bank of America double-downgraded shares to an underperform rating, saying that clients will continue moving cash into alternatives such as money market funds.
- Roblox (Symbol: RBLX) — Roblox shares shed -6.57% following a downgrade to an underweight rating by analysts at Morgan Stanley. The bank said the video game stock’s upside is limited following a strong December metrics report.
- Tesla (Symbol: TSLA) — Shares of the electric-vehicle maker slipped -1.25% in midday trading. Piper Sandler reiterated its outperform rating on the stock, saying investors should be “proactively” buying shares. A day earlier, CEO Elon Musk’s fraud trial began over tweets he wrote in 2018 about considering taking Tesla private, which had caused the stock to rally.
- CureVac (Symbol: CVAC) — Shares rallied +9.18% after the biopharmaceutical company was upgraded by UBS to buy from neutral. The Wall Street firm said Phase 1 results for an influenza treatment saw a “major inflection point.”
- Comerica (Symbol: CMA) — Shares jumped +5.91% after the financial services company topped profit expectations in its latest quarterly report. Comerica reported earnings of $2.58 per share, greater than the $2.55 earnings per share expected by analysts polled by Refinitiv.
During Premarket hours today – (Friday – 20.01.2023):
- Netflix (Symbol: NFLX) — The streaming stock jumped more than +6% after Netflix reported its latest quarterly results. While Netflix missed earnings expectations, it added more subscribers than analysts were forecasting. The firm also announced that co-CEO Reed Hastings would step down from the role.
- Alphabet (Symbol: GOOGL) — The Google parent saw shares rose +3.6% after CEO Sundar Pichai announced the company will lay off 12,000 employees and explained in a memo that the company “hired for a different economic reality than the one we face today.”
- Nordstrom (Symbol: JWN) — Shares of the retailer fell -7% in premarket trading after Nordstrom announced that its holiday sales fell 3.5% year over year. In a statement, CEO Erik Nordstrom described the retail environment as “highly promotional.” The company also lowered its earnings outlook.
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