During Market hours Yesterday — (Thursday – 20.10.2022):
- The Dow (Symbol: DIA) went down -0.34%. The S&P 500 (Symbol: SPY) lost -0.84%. and the Nasdaq (Symbol: QQQ) fell -0.51%.
- AT&T (Symbol: T) – The telecom giant’s stock jumped +7.79% after the company surpassed earnings and revenue estimates for the recent quarter. AT&T’s wireless revenue rose 5.6%.
- Tesla (Symbol: TSLA) – Shares of electric automaker Tesla fell -6.65% Thursday, a day after the company reported third-quarter earnings that fell short of Wall Street’s expectations for revenue. Tesla also warned of a bottleneck for deliveries in the final week of the quarter but said it’s transitioning to a smoother delivery pace.
- IBM (Symbol: IBM) – Shares of the technology conglomerate added +4.73% after beating top and bottom-line estimates for the recent quarter, posting adjusted earnings of $1.81 per share on $14.11 billion in revenue. IBM also upped its revenue growth outlook for the year.
- Nvidia (Symbol: NVDA) – Shares jumped +1.19% after Piper Sandler reiterated the stock as overweight, saying the tech company had strong performance in business units while dealing with near-term headwinds from having excess inventory.
- American Airlines (Symbol: AAL) – Shares of American Airlines fell -3.79% after the company reported earnings that beat Wall Street’s expectations and forecast a fourth-quarter profit, thanks to strong travel demand.
During Premarket hours today – (Friday – 21.10.2022):
- CSX (Symbol: CSX) – The rail operator’s stock rallied +5.2% in premarket trading following better-than-expected results for the third quarter, benefitting from higher shipment volumes and higher prices.
- Tenet Healthcare (Symbol: THC) – The hospital operator’s stock dropped -18% in premarket action after issuing a weaker-than-expected outlook. Tenet said it is working to recover from a cyber attack earlier this year and a Covid-19 spike among its workers.
- Intercontinental Hotels (Symbol: IHG) – The parent of Holiday Inn saw its stock fall -4.2% in the premarket following news that Chief Financial Officer Paul Edgecliff-Johnson is leaving to join bookmaking company Flutter Entertainment.
- Whirlpool (Symbol: WHR) – The appliance maker’s profit and revenue for the latest quarter came in below Wall Street forecasts. The company also gave a weaker-than-expected outlook amid softer demand and reduced production. Whirlpool fell -4.4% in premarket action.
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