During Market hours yesterday (Tuesday – 03.05.2022)

  • The Dow (Symbol: DIA) went up 0.15%. The S&P 500 (Symbol: SPY) earned 0.46%. and the Nasdaq (Symbol: QQQ) gained 0.11%.
  • Pfizer (Symbol: PFE) — Pfizer’s stock added 1.7% after earnings and revenue in the first quarter beat estimates on the top and bottom lines. The company reported a profit of $1.62 per share on revenues of $25.66 billion. Analysts expected $1.47 per share on $23.86 billion in revenue, according to Refinitiv.
  • Expedia (Symbol: EXPE) — The travel booking site operator’s shares tumbled by more than 13% after the company reported a mixed earnings report that led at least eight Wall Street analysts to cut their price targets on the stock. Expedia posted a loss of 47 cents per share for its most recent quarter, although that was narrower than the loss expected by analysts, by 15 cents per share, according to Refinitiv.
  • BP (Symbol: BP) — The energy stock jumped about 7.7% after the oil company reported better-than-expected earnings and revenue for its latest quarter. BP did take a $25.5 billion charge for exiting its Russian operations.
  • DocuSign (Symbol: DOCU) — Shares fell 1.6% after Wedbush downgraded the stock to underperform from neutral. “This WFH beneficiary could see difficult growth ahead not factored into shares at current prices in our opinion,” Wedbush said.
  • Tyson Foods (Symbol: TSN) — Shares pulled back nearly 3% after Piper Sandler downgraded the stock and said the company could be hurt by rising food prices as consumers cut down on spending. “Consumers we survey say they are cutting back on basics,” Piper Sandler said.
  • JPMorgan Chase (Symbol: JPM), Morgan Stanley (Symbol: MS) — Shares rose after Oppenheimer upgraded the bank stocks, saying the names are “on sale” after a pullback this year. JPMorgan Chase gained 2.9% while Morgan Stanley added 3.1%.

During Premarket hours today (Wednesday – 04.05.2022):

  • Uber (Symbol: UBER) — Uber fell 1% in premarket trading after it reported a quarterly loss and revenue that beat estimates. Uber saw ride volumes increase during the quarter while food deliveries also continued to grow.
  • Moderna (Symbol: MRNA) — Moderna shares rallied 8.1% in premarket trading, as the vaccine maker’s quarterly results came in well above estimates. Moderna earned $8.58 per share for the quarter, compared with a consensus estimate of $5.21.
  • Lyft (Symbol: LYFT) — Lyft plummeted 25.4% in premarket trading after the ride-hailing company said it would increase spending to attract more drivers, leading to an earnings forecast that fell short of Wall Street predictions.
  • Starbucks (Symbol: SBUX) — Starbucks matched estimates with an adjusted quarterly profit of 59 cents per share, and revenue slightly above estimates. CEO Howard Schultz detailed improved wages and benefits for the coffee chain’s employees, although he added that unionized locations would need to negotiate their own deals. Starbucks jumped 6.4% in the premarket.
  • Advanced Micro Devices (Symbol: AMD) — AMD shares surged 6.1% in the premarket after the chipmaker reported a top and bottom-line beat for its latest quarter. AMD earned an adjusted $1.13 per share, compared with a consensus estimate of 91 cents. It also issued a stronger-than-expected outlook amid increased demand from data centers for its chips.
  • Airbnb (Symbol: ABNB) — Airbnb posted a quarterly loss of 3 cents per share, narrower than the 29-cent loss analysts were anticipating. Revenue also beat forecasts, as travelers continued to book rentals even in the face of rising prices by hosts. Airbnb jumped 5.2% in premarket action.

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