During Market hours yesterday (Tuesday – 15.03.2022)

Yesterday, US markets recovered, with beaten-down tech companies leading the way. NVIDIA Corporation, Advanced Micro Devices, and Micron Technology were among the top performers yesterday. Below some of the most representative highlights:

  • The Dow (Symbol: DIA) went up 1.85%. The S&P 500 (Symbol: SPY) jumped 2.20% and the Nasdaq (Symbol: QQQ) gained 3.14%.
  • Starbucks (Symbol: SBUX) — Shares of the coffee chain jumped 4.8% after it announced a partnership with Volvo Cars to research the usage and potential scalability of electric vehicle chargers at Starbucks stores nationwide. Meanwhile, Starbucks also unveiled the latest steps it’s taking to reduce its disposable cup use.
  • Delta Air Lines (Symbol: DAL), United Airlines (Symbol: UAL), Southwest Airlines (Symbol: LUV) — Shares rose after Delta, United and Southwest said bookings came in ahead of expectations and the recovery in travel demand has been faster than projected. Delta jumped 8.7%, United added 9.2%, Southwest gained 4.9% and American Airlines (Symbol: AAL) rallied 9.3%.
  • Peloton (Symbol: PTON) — Shares of the at-home fitness company jumped 11.9% after Bernstein initiated coverage of the stock with an “outperform” rating. The analyst mentioned Peloton’s healthy underlying business, new management and recent stock price plunge. Her $40 price target implies the stock could nearly double over the next year.
  • Toast (Symbol: TOST) — Toast shares jumped 6.9% after Baird upgraded the restaurant software company to outperform from neutral and said its shares could rally nearly 54%. Toast may profit from “above-GDP growth” in the restaurant industry and international expansion opportunities, Baird said.
  • GoodRx (Symbol: GDRX) — Shares jumped 10.4% after Baird upgraded the stock to outperform. The sell-off in GoodRx this year offers “attractive entry point” for investors, according to the firm
  • eBay (Symbol: EBAY) — The retailer’s stock price gained 3.6%. On Tuesday, Deutsche Bank initiated coverage of eBay with a buy rating, saying investors are underappreciating the firm’s position in the resale market. Analysts expect growth in the company’s luxury resale market in European markets.

During Premarket hours today (Wednesday – 16.03.2022):

  • DiDi Global (Symbol: DIDI), Alibaba (Symbol: BABA), JD.com (Symbol: JD), Pinduoduo (Symbol: PDD) — China-based stocks listed in the U.S. are staging strong rallies in premarket trading, helped by state media reports that the Chinese government will take steps to support the markets and the economy, and that the U.S. and China are progressing toward an agreement on regulatory requirements for those companies. Didi surged 36.7% in the premarket, with Alibaba up 19.2%, JD.com rallying 21% and Pinduoduo soaring 32.5%.
  • Nvidia (Symbol: NVDA) — The graphics chipmaker’s stock added 2.3% in the premarket after Wells Fargo added it to its “signature picks” list. The firm anticipates upbeat announcements from Nvidia at its upcoming investor day, and also said the recent market downdraft has helped create a favorable risk/reward profile.
  • Boeing (Symbol: BA) — Boeing gained 2% in premarket trading after Baird declared the stock a “bullish fresh pick” following a recent sell-off and noted that 737 MAX deliveries to China are close to resuming.
  • Micron Technology (Symbol: MU) — Micron rallied 4.7% in the premarket following a Bernstein double upgrade to “outperform” from “underperform”. Bernstein said the Ukraine conflict won’t result in any significant memory chip supply or demand destruction, while also noting the recent sell-off in Micron and other semiconductor stocks.
  • Spotify (Symbol: SPOT) — The streaming services company signed a stadium and shirt sponsorship deal with Spanish soccer team FC Barcelona, with the Spotify brand on uniform shirts for the next four seasons. Spotify rose 2.6% in premarket action.

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