During Market hours Yesterday — (Thursday – 21.10.2021):
- The Dow (Symbol: DIA) went down 0.02%. The S&P 500 (Symbol: SPY) went up 0.26% and the Nasdaq (Symbol: QQQ) rose 0.61%.
- Tesla (Symbol: TSLA) – The electric vehicle maker gained more than 3% after it posted record earnings and revenue for the third quarter that beat expectations. The results were driven by improved gross margins on its automotive business and overall.
- Crocs (Symbol: CROX) – Shares of Crocs jumped about 9.9% after the shoe maker’s third-quarter financial results crushed analysts’ expectations.
- Blackstone (Symbol: BX) – Shares of the private equity giant rose 2.7% after Blackstone beat expectations on the top and bottom lines for the third quarter. The company reported $1.28 in earnings per share on $3.04 billion in revenue. Analysts surveyed by Refinitiv expected 91 cents in earnings per share on $2.18 billion in revenue.
- Digital World Acquisition Corp (Symbol: DWAC) – Shares of Digital World Acquisition soared more than 350% after news that former President Donald Trump’s planned social media platform would go public via a merger with the special purpose acquisition company. Digital World Acquisition was the single most actively traded stock on the Fidelity platform Thursday morning and among the top most popular names on Reddit’s WallStreetBets forum, a popular chatroom for retail investors.
- American Airlines (Symbol: AAL) – The travel stock added about 1.5% after American reported a third-quarter profit thanks to federal aid. Revenue improved but was still down 25% compared with the same period in 2019, before the pandemic.
- Snap-On (Symbol: SNA) – Shares of the industrial tools producer fell 6.8% even after Snap-On reported an adjusted $3.57 in earnings per share on $1.04 billion in revenue. Analysts surveyed by Refinitiv had penciled in $3.38 per share and revenue of $1.01 billion. Snap-On did not give forward sales or earnings guidance, citing uncertainty from the pandemic.
- Tractor Supply (Symbol: TSCO) – Shares of the specialty retail store rose 4% after Tractor Supply beat estimates on the top and bottom lines for the third quarter. The company reported $1.95 in earnings per share on $3.02 billion in revenue, compared to $1.66 per share and $2.86 billion expected, according to Street Account.
During Premarket hours today – (Friday – 22.10.2021):
- Snap (Symbol: SNAP) – Shares of the Snapchat parent plunged 20% in the premarket after the company warned of slowing growth due to the recent changes in Apple’s iOS privacy rules. Those rules make it more difficult to gather information from users and target ads. Snap did beat estimates by 9 cents with an adjusted quarterly profit of 17 cents per share, but its revenue was slightly short of Wall Street forecasts.
- Intel (Symbol: INTC) – Intel tumbled 10% in premarket trading after the chip maker predicted lower profit margins over the next few years due to ongoing investments in new technology. Intel reported adjusted quarterly earnings of $1.71 per share, beating the consensus estimate of $1.11, but its sales were short of analyst projections.
- Digital World Acquisition Corp (Symbol: DWAC) – The SPAC that is merging with Trump Media & Technology Group is soaring another 70% in the premarket after more than quadrupling in Thursday’s trading. The company formed by former President Trump plans a beta rollout of its social network next month.
- Mattel (Symbol: MATT) – Mattel surged 7% in premarket trading after the toy maker said supply chain disruptions would not prevent it from having a strong holiday season. Mattel also beat estimates on the top and bottom lines, reporting an adjusted quarterly profit of 84 cents per share compared to a 74 cent consensus estimate.
- Honeywell (Symbol: HON) – The industrial conglomerate beat estimates by 3 cents with adjusted quarterly earnings of $2.02 per share, although revenue was slightly short of forecasts. Honeywell said it is seeing strong growth across all its segments, but is still facing tough supply chain challenges.
- American Express (Symbol: AXP) – The financial services giant earned $2.27 per share for the third quarter, beating the $1.80 consensus estimate, with revenue also topping Wall Street forecasts. Results were driven in part by record card member spending. American Express rose 2% in the premarket.
- VF Corp. (Symbol: VFC) – The maker of The North Face and other apparel brands tumbled 8% in the premarket, after it missed both top and bottom line estimates for its latest quarter. VF said it is seeing accelerated demand but that its recovery has been impacted by further pandemic-related disruptions.
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