During Market hours on Yesterday (Tuesday – 19.01.2021):

  • The Dow (Symbol: DIA) went up 0.39% The S&P500 (Symbol: SPY) rose 0.79% and the Nasdaq (Symbol: QQQ) also went up 1.46%
  • General Motors (Symbol: GM)— Shares of the automaker surged 9.75% after the announcement that Microsoft was investing in Cruise, GM’s autonomous vehicle project.
  • American Express (Symbol: AXP) — Shares of American Express jumped 3.77% after JPMorgan issued an upbeat note on the payments company and advised investors to buy the stock.
  • GameStop (Symbol: GME) – Shares of GameStop jumped another 10.87% on Tuesday, following a 100% advance last week. The rally in the video game company was first triggered by news last week that Chewy co-founder and former CEO Ryan Cohen is joining the company’s board.
  • Roku (Symbol: ROKU) – Shares of the streaming service provider jumped 6.3% after JPMorgan initiated coverage on the stock with an overweight rating and $475 price target.
  • Peloton (Symbol: PTON)– Shares of the exercise equipment maker slid 4.86% following a downgrade to sell at UBS.
  • Darden Restaurants (Symbol: DRI)— Shares of the restaurant company popped 2.5% following an upgrade to overweight from equal weight at Morgan Stanley. The Wall Street firm said it sees an upcoming surge in dining out post coronavirus.
  • Gilead Sciences (Symbol: GILD)— Shares of the pharmaceutical company rose 5.9% after Morgan Stanley upgraded Gilead to overweight from equal weight.
  • Lumentum Holdings (Symbol: LITE), Coherent (Symbol: COHR) — Shares of Lumentum dropped 11% after announcing it will buy rival laser maker Coherent for $5.7 billion in cash and stock.
  • DraftKings (Symbol: DKNG) – Shares of DraftKings dropped 4.5% after Berenberg initiated coverage on the sports-betting company with a sell rating.
  • State Street (Symbol: STT) — Shares of State Street edged up 1.6% after the company reported better-than-expected revenue for the fourth quarter.

During Premarket hours today – (Wednesday – 20.01.2021):

  • Morgan Stanley (Symbol: MS) – Morgan Stanley earnings and revenue beat estimates for the fourth quarter. The company’s shares rose 2.5% in premarket trading as of 7:40 a.m. ET.
  • UnitedHealth (Symbol: UNH) – The health insurer reported quarterly earnings of $2.52 per share, beating estimates by 11 cents a share. Revenue came in above estimates as well. UnitedHealth’s profit fell from a year ago, however, due to the impact of pandemic-related costs. The company’s shares fell 1% in the premarket.
  • Pearson (Symbol: PSO) – Pearson reported a 10% drop in sales during 2020, but the educational publisher saw sales trends improve during the fourth quarter thanks to growth in online learning. Pearson shares jumped 6.7% in the premarket.
  • Walt Disney (Symbol: DIS) – Walt Disney eliminated bonuses for top executives for 2020, as the pandemic impacted earnings from its theme parks and movie studio business. Disney’s shares rose 2.2% in the premarket.

Zions Bancorp (Symbol: ZION) – Zions reported better-than-expected earnings and revenue for the fourth quarter. Shares were up 1.3% in premarket trading.

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