During Market hours yesterday — (Thursday – 28.01.2021):
- The Dow (Symbol: DIA) went up 0.9%. The S&P500 (Symbol: SPY) rose 0.9% and the Nasdaq (Symbol: QQQ) popped 0.6%
- GameStop (Symbol: GME) — Shares of the brick-and-mortar video game retailer swung wildly and finished down 44% after multiple trading halts. The stock, targeted by the popular WallStreetBets Reddit forum, initially dropped after brokerage firm Interactive Brokers and Robinhood put restrictions on transactions in heavily shorted names like GameStop.
- Tesla (Symbol: TSLA) — The popular electric car maker’s latest profit result fell short of consensus estimates by 21 cents a share, with quarterly per-share earnings of 80 cents. Despite better-than-expected revenues, the stock dropped 3.3% in Thursday’s trading. The stock may be down in part in light of the fact that Tesla failed to provide a clear vehicle delivery target for 2021.
- American Airlines (Symbol: AAL) — Shares of the airline company jumped 9% following a better-than-feared quarterly earnings report. American Airlines beat top and bottom line estimates in its fourth-quarter earnings report, but posted a record quarterly loss. Short covering also contributed to the gains as American Airlines is the most shorted U.S. airline, according to FactSet.
- AMC Entertainment (Symbol: AMC) – Shares of the movie theater chain dropped nearly 57% and were halted multiple times during morning trading due to volatility. The sell-off comes after the stock rallied 301% in the prior session, amid a frenzy of activity from retail investors.
- Apple (Symbol: AAPL) — Apple shares dipped 3.5% despite reporting blowout earnings the evening prior. The iPhone maker earned $1.68 per share for its latest quarter, ahead of a consensus estimate of $1.41 a share. Revenue topped estimates and surpassed $100 billion for the first time. Apple’s quarter was its most profitable ever, helped by high-end iPhones sales.
- Facebook (Symbol: FB) — The social media giant’s shares rose slipped 2.5% despite reporting better-than-expected earnings. Earnings came in at $3.88 per share, 66 cents above estimates, according to Refintiv. Facebook made $28.07 billion in revenue, higher than the forecast $26.44 billion. Shares were hurt by concerns about headwinds in advertising revenue and changes in Apple’s iOS 14.
- Levi Strauss (Symbol: LEVI) – Shares of the apparel company lost 5.7% following cautious comments from management regarding the current quarter as the pandemic forces ongoing store closures. The company did, however, beat top and bottom line estimates for its fiscal first quarter.
- Lumen Technologies (Symbol: LUMN) — The telecommunications company’s shares dropped more than 22% after Morgan Stanley downgraded the stock to underweight from equal weight. Morgan Stanley said in a note that the recent rise for the stock was mostly caused by short covering and that the company formerly known as CenturyLink faced headwinds in the years ahead.
- Whirlpool (Symbol: WHR) — Shares of the appliance maker fell more than 8% despite beating on the top and bottom line of its quarterly results. Whirlpool earned an adjusted $6.64 per share, topping estimates of $6.07 per share, according to Refinitiv. The company made $5.80 billion in revenue. higher than the forecast $5.59 billion.
- Stanley Black & Decker (Symbol: SWK) — Shares of the industrial tool manufacturer rose by 3.9% on Thursday. The company reported fourth quarter revenues of $4.4 billion, up 19% from the prior year. Fourth quarter diluted earnings per share was $3.29, an increase of 51% from the year-ago period. Both measures beat analyst expectations, according to Refinitiv.
- Comcast (Symbol: CMCSA) — The cable provider’s share price enjoyed a boost of 6.6%. Comcast also reported its fourth quarter results. Earnings per share rose to 73 cents per share, an increase of 7.4% from the year-ago period. Revenue for the quarter ticked down by 2.4% to $27.7 billion. Both measures beat analyst expectations, according to Refinitiv.
- PulteGroup (Symbol: PHM) — Shares of the home construction company fell by 5.7% despite better-than-expected earnings results. PulteGroup reported fourth quarter adjusted net income of $1.49 per share, up from $1.14 per share for the same period in 2019. Home sale revenues also climbed to $3.1 billion, an increase of 5% from the prior year period.
During Premarket hours today – (Friday – 29.01.2021):
- Novavax (Symbol: NVAX) – The biotech company’s shares surged more than 40% in premarket trading, following news that its Covid-19 vaccine candidate had an 89.3% efficacy rate in a U.K. trial.
- Biogen (Symbol: BIIB) – The drugmaker’s shares jumped nearly 12% premarket on news that the Food and Drug Administration has extended the review period by three months for its experimental Alzheimer’s treatment aducanumab.
- Skyworks Solutions (Symbol: SWKS) – Skyworks spiked 13% in premarket trading, following a sizeable earnings beat. The mobile phone chip maker earned $3.36 per share for its latest quarter, well above the $2.08 a share consensus estimate.
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