During Market hours Yesterday — (Tuesday – 14.09.2021):
- The Dow (Symbol: DIA) slid 0.81%. The S&P 500 (Symbol: SPY) lost 0.54% and the Nasdaq (Symbol: QQQ) went down 0.28%.
- Oracle (Symbol: ORCL)– The tech company’s shares slid 2.8% after Oracle’s first-quarter revenue missed expectations. The company reported sales of $9.73 billion, which was short of the $9.77 billion analysts surveyed by Refinitiv predicted. Oracle earned $1.03 per share on an adjusted basis during the period, which was ahead of the 97 cents the Street expected.
- Angi (Symbol: ANGI)— Shares of the home services marketplace jumped 9.1% after it reported its August metrics, which showed its revenue for the month jumped 21% jump from the previous year. Angi owns Angie’s List, HomeAdvisor and HomeStars, among other brands.
- Casino stocks: Shares of Las Vegas Sands (Symbol: LVS) and Wynn Resorts (Symbol: WYNN)– both of which operate in Macau – slid as investors fretted about tougher regulations. The Macau government will be starting a 45-day public consultation to review the gaming industry, according to a report from Reuters. Las Vegas Sands’ shares declined 9.75%, while Wynn fell 10.8%.
- Fox Corp. (Symbol: FOXA)— The media firm’s shares fell 2.8% after news that the company finalized a deal to acquire celebrity news platform TMZ from AT&T’s WarnerMedia unit. The companies did not disclose terms of the deal, but The Wall Street Journal reported that TMZ is being valued at less than $50 million.
- Herbalife Nutrition (Symbol: HLF)— Shares of the wellness supplement company dropped 21.1% after Herbalife lowered its guidance for the third quarter, citing softer-than-expected sales activity. The company now expects adjusted earnings per share of $1.00 to $1.20, which is 5 cents lower on each end than prior guidance.
- Southwest Airlines (Symbol: LUV)— Airline stocks moved lower in midday trading as economic reopening names weakened. Southwest ticked 1.4% lower and Delta Air Lines (Symbol: DAL) lost 1.8%. United Airlines (Symbol: UAL) dropped 2.1%. Additionally, Southwest President Tom Nealon is retiring from the carrier effective immediately. His departure comes three months after CEO Gary Kelly announced he would retire in January and named longtime Southwest executive Bob Jordan as his successor.
- General Electric (Symbol: GE)— Stocks tied to the economic reopening fell in midday trading. General Electric led industrial shares into the red, dropping 3.9%.
- SeaChange International (Symbol: SEAC)— Shares of SeaChange rose 3.6% after reporting a smaller-than-expected quarterly loss. The video management solutions company lost 3 cents per share, smaller than the 9-cent loss anticipated by analysts. Revenue also topped expectations.
During Premarket hours today – (Wednesday – 15.09.2021):
- Weber (Symbol: WEBR) – The grill maker’s stock jumped 3.8% in the premarket, following its first quarterly report since going public in August. Weber’s sales rose 19% from a year earlier, and the company projected full-year sales largely above current Wall Street forecasts.
- Wynn Resorts (Symbol: WYNN), Las Vegas Sands (Symbol: LVS) – Macau-related casino stocks tumbled in premarket trading as regulators begin a 45-day period of considering tighter regulations on Macau’s gaming industry. Officials say they want “sustained and healthy development” in the world’s biggest gambling hub, but investors are worried over the impact of potential changes. Wynn fell 4.9% in the premarket while Las Vegas Sands slid 3.9%.
- Microsoft (Symbol: MSFT) – Microsoft announced an 11% dividend hike, raising its quarterly payout to 62 cents per share from 56 cents, as well as announcing a $60 billion stock buyback program. Microsoft added 1.3% in the premarket.
- Canadian National Railway (Symbol: CNI) – Canadian National will not improve its offer to buy Kansas City Southern (Symbol: KSU), according to people familiar with the situation who spoke to CNBC’s David Faber. That would clear the way for Canadian Pacific Railway (Symbol: CP) to buy Kansas City Southern, after Kansas City Southern’s board declared Canadian Pacific’s latest offer as “superior.”
- Regeneron Pharmaceuticals (Symbol: REGN) – The drugmaker announced that the U.S. government would buy an additional 1.4 million doses of Regeneron’s Covid-19 antibody cocktail. That will bring the total number of doses purchased by the government to nearly 3 million. Regeneron rose 1.8% in premarket trading.
- Yum China (Symbol: YUMC) – Yum China warned that the spread of the Covid-19 delta variant would result in a 50% to 60% hit to its third-quarter profit. The restaurant operator said it had to close or limit service at more than 500 restaurants in August due to the delta variant outbreak in China. Yum China shares tumbled 4.8% in premarket action.
- Citrix Systems (Symbol: CTXS) – Citrix is working with advisers to consider a possible sale of the company, according to people familiar with the matter who spoke to Bloomberg. The maker of workplace software will gauge potential interest in the company over the next few weeks and could decide to remain independent. Citrix rallied 4.4% in the premarket.
- Crocs (Symbol: CROX) – Crocs added 1.1% in premarket trading following Tuesday’s 8.5% gain. That came after the shoe maker’s Investor Day where it projected better-than-expected full-year revenue and announced an accelerated share repurchase program.
- Skillsoft (Symbol: SKIL) – The provider of corporate digital learning programs jumped 4.5% in the premarket after reporting better-than-expected revenue and bookings for its latest quarter as well as raising its full-year guidance.
- Just Eat Takeaway (Symbol: GRUB) – The food delivery service’s stock slid 3.2% in premarket trading after Amazon (AMZN) and Deliveroo announced a partnership that will offer free food delivery in the U.K. to Amazon Prime members.
- Sage Therapeutics (Symbol: SAGE) – The drug maker’s shares rallied 5.7% in the premarket after the FDA granted fast-track status to the company’s experimental treatment for Huntington’s disease. Sage expects to start a phase 2 trial for the treatment before the end of 2021.
- SoFi Technologies (Symbol: SOFI) – The fintech company’s stock added 2.8% in premarket action after Mizuho began coverage with a “buy” rating and a $28 price target compared with Tuesday’s close of $14.50. Mizuho said SoFi is becoming a “full-fledged, super-app neo-bank” with next-generation capabilities.
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