During Market hours yesterday — (Tuesday – 19.10.2021):

  • The Dow (Symbol: DIA) recovered 0.56%. The S&P 500 (Symbol: SPY) jumped 0.77% and the Nasdaq (Symbol: QQQ) rose 0.76%.
  • ProShares Bitcoin Strategy ETF (Symbol: BITO) – Shares of the long-awaited bitcoin ETF jumped 4.5% in its trading debut on the New York Stock Exchange Tuesday. The fund tracks CME bitcoin futures, or contracts speculating on the future price of bitcoin, not the digital currency itself. It’s the first bitcoin-linked ETF to trade in the U.S.
  • Johnson & Johnson (Symbol: JNJ) – Shares of Johnson & Johnson rose 2.3% after the company beat third-quarter earnings-per-share expectations by 25 cents per share. The pharmaceutical company said it sold $502 million of its Covid-19 vaccine in the third-quarter.
  • Alibaba (Symbol: BABA) – Shares of the Chinese e-commerce giant popped 6.1% after the company announced it has developed a custom computer chip that it will use to power its data center servers.
  • Procter & Gamble (Symbol: PG) – Shares of the consumer giant dipped 1.2% after the company raised its forecast for commodity and freight costs for the remainder of the fiscal year amid persisting inflation. P&G reported fiscal first-quarter net income of $4.11 billion, or $1.61 per share, down from $4.28 billion, or $1.63 per share, a year earlier.
  • Travelers (Symbol: TRV) – The insurance stock rose 1.6% after a better-than-expected third-quarter report. Travelers earned $2.60 per share on $8.81 billion in revenue, boosted by a gain in net written premiums.

During Premarket hours today – (Wednesday – 20.10.2021):

  • Biogen (Symbol: BIIB) – The drug maker’s stock rose 2.2% in the premarket after the company beat estimates on the top and bottom lines and raised its full year forecast. Biogen earned an adjusted $4.77 per share for the quarter, compared with a consensus estimate of $4.11 per share.
  • Novavax (Symbol: NVAX) – The drug maker’s shares tumbled 26.1% in the premarket following a Politico report saying it was having trouble meeting Food and Drug Administration quality standards for its Covid-19 vaccine.
  • Winnebago (Symbol: WGO) – The recreational vehicle maker beat estimates by 56 cents with adjusted quarterly earnings of $2.57 per share, while revenue exceeded estimates as well. Results were helped by strong consumer demand, which allowed the company to raise prices amid higher input costs. Winnebago added 2.4% in premarket trading.
  • Verizon (Symbol: VZ) – Verizon beat estimates by 5 cents with an adjusted quarterly profit of $1.41 per share, though revenue was slightly below Street forecasts. Verizon also increased its full-year guidance, as growing 5G adoption boosts sales. Verizon rose 1% in the premarket.
  • Netflix (Symbol: NFLX) – Netflix reported quarterly earnings of $3.19 per share, beating the Refinitiv consensus estimate of $2.56 per share, with revenue in line with forecasts. Netflix added 4.4 million new subscribers during the quarter, exceeding expectations, but it did forecast current quarter earnings below consensus. Netflix fell 2.2% in premarket action.
  • WD-40 (Symbol: WDFC) – WD-40 shares slumped 11% in the premarket after the lubricant maker reported a lower-than-expected profit and revenue for its latest quarter.

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