During Market hours yesterday — (Tuesday – 07.12.2021):
- The Dow (Symbol: DIA) went up 1.39%. The S&P 500 (Symbol: SPY) rose 2.07% and the Nasdaq (Symbol: QQQ) jumped 3.01%.
- Apple (Symbol: AAPL) — The tech giant saw its shares jump 3.5% after Morgan Stanley’s Katy Huberty raised Apple’s price target from $164 to $200 and maintained an overweight rating. The analyst believes that new products from Apple, like an augmented reality headset or self-driving car, aren’t yet baked into the share price.
- AutoZone (Symbol: AZO) — Shares of AutoZone rose 7.6% after the auto parts retailer reported a better-than-expected quarterly report. The company posted a quarterly profit of $25.69 per share, beating the Refinitiv consensus estimate of $20.87. Revenue also beat estimates, and comparable-store sales jumped 13.6%.
- GlaxoSmithKline (Symbol: GSK) — The British pharmaceutical company saw its shares rise 1.5% after it said its monoclonal antibodies treatment is effective in treating all 37 identified mutations of omicron, according to new data from an early-stage study.
- Intel (Symbol: INTC) — Intel shares rose 3.1% after the chipmaker announced plans to take its self-driving car unit public in mid-2022. The company acquired Israeli autonomous driving firm Mobileye in 2017.
- Bumble (Symbol: BMBL) — Shares of Bumble rallied 9.7% after JPMorgan upgraded the stock to overweight from neutral after a meeting with company management. The firm is more convinced of the dating app’s user growth.
During Premarket hours today – (Wednesday – 08.12.2021):
- Pfizer (Symbol: PFE), BioNTech (Symbol: BNTX) – The companies said studies showed that three doses of their Covid-19 vaccine neutralized the omicron variant, while two doses still offered protection. Pfizer and BioNTech also said they’re continuing to work on an omicron-specific vaccine. Pfizer and BioNTech came well off earlier premarket lows on the news, with Pfizer up 1.4% and BioNTech trimming its loss to 1.5%.
- Stitch Fix (Symbol: SFIX) – Stitch was hammered by 23.9% in the premarket after issuing current-quarter revenue guidance and membership metrics that fell short of Wall Street forecasts. The online apparel retailer did post a narrower-than-expected loss for its latest quarter and better-than-expected revenue, but not enough to sway investor concerns.
- PagerDuty (Symbol: PD) – PagerDuty reported an adjusted quarterly loss of 7 cents per share, 2 cents narrower than analysts had predicted, while revenue topped Street forecasts. The maker of IT response software also gave better-than-expected current-quarter revenue guidance, and its stock surged 9% in premarket action.
- Robinhood (Symbol: HOOD) – Robinhood filed to terminate a planned share sale by backers of the trading platform company. The stock jumped 3% in the premarket.
- Dave & Buster’s (Symbol: PLAY) – Dave & Buster’s beat estimates by 8 cents with a quarterly profit of 23 cents per share, while the operator of entertainment center-themed restaurants also saw revenue come in above Street forecasts. Dave & Buster’s rallied 4.5% in the premarket.
*Any information contained in this article, including any information contained in external third party links, if any, is solely for informational purposes and does not contain, or should not be construed as containing, investment advice or an investment recommendation, or, an offer of or solicitation for any transactions in financial instruments. Past performance does not guarantee or predict future performance. Colmex Pro Ltd does not take into account your personal investment objectives or financial situation and makes no representation, and assumes no liability to the accuracy or completeness of the information provided, nor for any loss arising from any investment based on presented information.