During Market hours Yesterday (Thursday – 21.04.2022):

  • The Dow (Symbol: DIA) went down 1.1%. The S&P 500 (Symbol: SPY) fell 1.50% and the Nasdaq (Symbol: QQQ) lost 2.1%.
  • United Airlines (Symbol: UAL) – Shares of the airline surged 9.3% after the company said it expects to return to profitability in 2022 as travel bounces back. United cited a strong increase in bookings and a willingness for passengers to pay more to travel for its upbeat guidance.
  • American Airlines (Symbol: AAL) – Shares of the country’s biggest airline jumped 3.8% after the company forecast a second-quarter pretax profit as strong bookings help it cover soaring fuel costs. American said March was the first month since the Covid pandemic began that its revenue surpassed 2019 levels and added that bookings continue to rise.
  • AT&T (Symbol: T) — The telecom giant gained 4% after reporting its first-quarter results. AT&T reported $38.1 billion in consolidated revenue for the quarter and 65 cents in earnings per share, which includes results of the now spun-off WarnerMedia. Revenue for AT&T’s communications segment, including its mobile phone service, was up 2.5% year over year at $28.9 billion.
  • Tesla (Symbol: TSLA) — Tesla shares jumped 3.2% after the electric vehicle maker beat Wall Street estimates on the top and bottom lines and saw an increase in car deliveries in the first quarter. Analysts responded positively to the news, with one calling Tesla a “must own.”
  • Xerox (Symbol: DIA) – Shares fell 15.7% after Xerox reported weaker-than-expected earnings. The company posted a profit of 12 cents per share, 1 cent below the Refinitiv consensus. The office equipment maker said it was hurt by inflation pressures and supply chain issues.
  • Carvana (Symbol: DIA) – Shares of the online auto seller dropped 10.1% after the company beat reported a wider-than-expected loss per share for the previous quarter. Carvana lost $2.89 per share, while analysts polled by Refinitiv expected a $1.44 loss per share.
  • Netflix (Symbol: NFLX) — Netflix shares fell an additional 3.5% on Thursday, building on the previous session’s massive drop. Pershing Square’s Bill Ackman said in a shareholder letter after the bell Wednesday that the hedge fund sold its entire stake in Netflix for a loss.

During Premarket hours today – (Friday – 22.04.2022):

  • Kimberly-Clark (Symbol: KMB) – The consumer products company’s shares jumped 3.8% in the premarket after reporting better-than-expected quarterly earnings and revenue. Kimberly-Clark said it was able to deal with a “volatile and inflationary” environment and raised its full-year organic sales forecast.
  • Cleveland-Cliffs (Symbol: CLF) – The steel producer and mining company’s stock rallied 3.5% in premarket trading after beating top and bottom-line estimates for the first quarter. Cleveland-Cliffs also raised its average selling price forecast for the full year.
  • Gap (Symbol: GPS) – Gap cut its sales growth outlook amid increasing competition and more promotions. The company also announced that Old Navy President and CEO Nancy Green is departing. Gap stock tumbled 14.8% in the premarket.
  • SAP (Symbol: SAP) – SAP shares slid 4.1% in premarket trading after the German business software company said it would take a $300 million revenue hit due to its exit from the Russian market.
  • Boston Beer (Symbol: SAM) – Boston Beer reported a quarterly loss of 16 cents per share, compared with analysts’ expected profit of $1.97 per share. The beer brewer’s revenue missed estimates as shipment volume declined more than 25% from a year earlier and gross margins fell as well. Shares were down 3.2% in the premarket.

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