During Market hours yesterday — (Tuesday – 19.04.2022)
- Twitter (Symbol: TWTR) — Shares of the social media giant dipped 4.7% on news that Apollo Global Management is reportedly considering financing a potential takeover of Twitter. To be sure, the firm is not interested in joining a private equity consortium in a buyout bid. Apollo’s stock rose 3.2% following the report.
- Blackstone (Symbol: BX) — Blackstone’s stock rose 4.9% on news that it would buy student housing company American Campus Communities in a deal worth nearly $13 billion. Shares of American Campus surged 12.5% on the news.
- Citizens Financial (Symbol: CFG) — The bank posted better-than-expected quarterly results, sending its stock up about 7%. Citizens reported a profit of 93 cents per share on revenue of $1.65 billion. Analysts expected earnings of 92 cents per share on revenue of $1.64 billion, according to Refinitiv. The company’s net interest margin also beat analyst expectations.
- WeWork (Symbol: WE) — WeWork’s stock jumped 8.1% after Piper Sandler initiated coverage of the office-sharing company with an overweight rating. Analysts said WeWork is nearing profitability as it focuses on its balance sheet and the popularity of flexible work continues to grow.
- Lululemon (Symbol: LULU) — Shares of the apparel retailer jumped nearly 4.4% after Truist upgraded Lululemon to buy from hold. Analysts are expecting a “robust” five-year outlook at Lululemon’s upcoming analyst day with greater details on new products and plans to expand internationally. Truist also believes the company can easily pass on higher costs to consumers in an inflationary environment.
- Plug Power (Symbol: PLUG) — Plug Power’s stock soared 9.8% the company announced a partnership with Walmart to supply liquid green hydrogen.
- Hasbro (Symbol: HAS) — Shares of Hasbro rose 5.2% after the toymaker reported a stronger-than-expected revenue for the previous quarter. Sales from the company’s consumer products segment also topped analyst expectations.
During Premarket hours today — (Wednesday – 20.04.2022):
- Netflix (Symbol: NFLX) – Netflix plummeted 26.8% in the premarket after reporting it lost 200,000 subscribers during the first quarter. The streaming service had projected subscriber additions of 2.5 million. Netflix also said it was exploring an ad-supported version.
- IBM (Symbol: IBM) – IBM reported an adjusted quarterly profit of $1.40 per share, 2 cents above estimates, with revenue also coming in above analyst forecasts. IBM’s results got a boost from strong hybrid cloud platform business. IBM shares rallied 2.7% in premarket trading.
- ASML (Symbol: ASML) – ASML’s latest quarter beat analyst forecasts on the top and bottom lines, with the Amsterdam-based semiconductor equipment maker reporting strong demand from chip makers trying to ramp up production. ASML shares jumped 5.4% in the premarket.
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