During Market hours Yesterday (Thursday – 24.02.2022):

Despite Russia’s attack on Ukraine yesterday, US markets managed to gain new ground. Unlike the main European bourses, which were heavily impacted by the news, the SPX500, NASDAQ100, and DJ30 all rose. Below some of the most representative highlights:

  • The Dow (Symbol: DIA) went up 0.25%. The S&P 500 (Symbol: SPY) lost 1.50% and the Nasdaq (Symbol: QQQ) dropped 3.36%.
  • Moderna (Symbol: MRNA) — Shares of the vaccine maker jumped nearly 11% on Thursday after Moderna reported better-than-expected results for the fourth quarter. The biotech company earned an adjusted $11.29 per share on $7.2 billion of revenue. Analysts surveyed by Refinitiv were expecting $9.90 in earnings per share on $6.78 billion of revenue. The company’s CEO told CNBC that he thought people would need another Covid booster shot in the fall.
  • Alibaba (Symbol: BABA) — The Chinese e-commerce giant fell nearly 5% after it reported its slowest-ever growth in quarterly revenue since going public in 2014. Alibaba’s quarterly revenue dipped below analyst forecasts as competition intensified.  However, its quarterly earnings did topped Wall Street’s expectations.
  • Norwegian Cruise Line (Symbol: NCLH) — The cruise line operator’s stock fell 5.2% after the company reported a wider-than-expected quarterly loss. Norwegian’s quarterly revenue missed estimates as well.
  • Booking Holdings (Symbol: BKNG) — Shares of Booking Holdings dropped more than 9% after the company warned that there will be periods this year when the pandemic negatively impacts travel demand. Its warning came as Booking Holdings reported adjusted quarterly earnings of $15.83 per share, well above the $13.64 consensus estimate, according to Refinitiv. Its revenue also topping Wall Street forecasts.

During Premarket hours today – (Friday – 25.02.2022):

  • Foot Locker (Symbol: FL) — Foot Locker shares slumped 19% in the premarket after the athletic apparel and shoe retailer gave a weaker-than-expected full-year profit and comparable-store sales outlook. The company cited changes in its vendor mix as well as a decline in fiscal stimulus versus a year ago. Foot Locker reported better-than-expected results for its fiscal fourth quarter, including an unexpected rise in comp sales.
  • Dell Technologies (Symbol: DELL) — Dell tumbled 8% in premarket action after saying it expected its order backlog to swell this quarter, with supply chain issues limiting its ability to fulfill strong order demand.
  • Block (Symbol: SQ) – Block surged 19% in premarket trading after the payments company formerly known as Square reported better-than-expected profit and revenue for its latest quarter. Block also gave an upbeat forecast for the current quarter and the full year amid growing success for its Cash App.
  • Coinbase (Symbol: COIN) – Coinbase reported quarterly earnings of $3.32 per share, well above the consensus estimate of $1.85, with the cryptocurrency company’s seeing revenue also topping Wall Street forecasts. However, Coinbase said volatility in the cryptocurrency market will result in lower transactions volume this quarter. Coinbase fell 2% in premarket trading.
  • Beyond Meat (Symbol: BYND) – Beyond Meat slid 10.8% in the premarket after reporting a wider-than-expected quarterly loss and revenue that fell slightly short of Wall Street forecasts. The maker of plant-based meat substitutes also issued a weaker-than-expected forecast as it expects a temporary disruption of U.S. retail growth.
  • Etsy (Symbol: ETSY) – Etsy shares surged 17% in premarket action after the online crafts marketplace beat quarterly estimates and issued a strong forecast. Etsy earned $1.11 per share for its latest quarter, compared with a consensus estimate of 79 cents, as it continues to see elevated demand that first developed during the pandemic.

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