During Market hours yesterday — (Tuesday – 21.09.2021):
- The Dow (Symbol: DIA) slid 0.09%. The S&P 500 (Symbol: SPY) also declined 0.09% and the Nasdaq (Symbol: QQQ) recovered 0.12%.
- Uber (Symbol: UBER)— The ride-hailing giant saw its stock surging 11.5% after the company boosted its third-quarter financial outlook in a regulatory filing. Uber’s bookings and adjusted earnings are now expected to be better than first reported. CEO Dara Khosrowshahi also told CNBC that he sees surging ride prices easing up by the end of the year.
- DraftKings (Symbol: DKNG)— Shares of DraftKings fell 7.4% after news that the online gaming giant made a bid to acquire U.K. sports betting company Entain. The offer is worth $20 billion and is largely in DraftKings stock, along with cash, sources told CNBC.
- Seagen (Symbol: SGEN)— The drugmaker’s shares popped 3.7% after announcing the Food and Drug Administration granted accelerated approval of its drug TIVDAK, which treats adult patients with recurrent or metastatic cervical cancer.
- Activision Blizzard (Symbol: ATVI)— Shares of the video gaming company sunk 4.1% after the Wall Street Journal, citing people familiar, reported that the Securities and Exchange Commission is investigating Activision Blizzard’s handling of employees’ allegations of sexual misconduct and discrimination.
- ConocoPhillips (Symbol: COP)— Shares of the energy company rose 4% the day after ConocoPhillips and Shell announced a $9.5 billion sale of West Texas oil field assets to ConocoPhillips. The deal gives ConocoPhillips an additional 225,000 acres of energy assets. The London-traded shares of Royal Dutch Shell also moved higher.
- AutoZone (Symbol: AZO)– Shares of AutoZone rose 3.65% after the auto parts retailer reported strong quarterly earnings. Earnings per share of $35.72 beat analysts’ estimates of $29.88.
- Big Lots (Symbol: BIG)— The retail stock dropped more than 5.9% on Tuesday after Piper Sandler downgraded Big Lots to neutral from overweight. The investment firm said in a note to clients that the end of fiscal stimulus and rising costs would hurt the retailer over the next year.
- Johnson & Johnson (Symbol: JNJ)— Shares of the drugmaker rose 0.44% after announcing its Covid-19 booster shot is 94% effective when administered two months after the first dose in the U.S. The company said the booster increases antibody levels four to six times higher than just one shot.
During Premarket hours today – (Wednesday – 22.09.2021):
- General Mills (Symbol: GIS)— Shares of General Mills added 1.7% in the premarket after the food company reported better-than-expected quarterly earnings. General Mills posted adjusted earnings of 99 cents per share compared with the analyst consensus of 89 cents per share, according to StreetAccount. Quarterly revenue also topped projections.
- Adobe (Symbol: ADBE)— Adobe shares fell 3.7% in early morning trading despite the software company’s quarterly financial results beating Wall Street expectations. The company reported earnings of $3.11 per share on revenue of $3.94 billion. Analysts expected earnings of $3.01 per share on revenue of $3.89 billion, according to Refinitv.
- FedEx (Symbol: FDX)— FedEx shares dropped 6.1% in premarket trading after the company’s quarterly earnings missed expectations. The transport company reported earnings of $4.37 a share, 54 cents below the Refinitiv analyst consensus.
- Stitch Fix (Symbol: SFIX)— Stitch Fix shares surged 12.8% in early morning trading after reporting a surprise profit in the fiscal fourth quarter. The online shopping and styling service reported earnings of 19 cents per share versus an expected loss of 13 cents per share, according to Refinitiv. Stitch Fix also topped revenue projections and reported 18% year-over-year growth in active clients.
*Any information contained in this article, including any information contained in external third party links, if any, is solely for informational purposes and does not contain, or should not be construed as containing, investment advice or an investment recommendation, or, an offer of or solicitation for any transactions in financial instruments. Past performance does not guarantee or predict future performance. Colmex Pro Ltd does not take into account your personal investment objectives or financial situation and makes no representation, and assumes no liability to the accuracy or completeness of the information provided, nor for any loss arising from any investment based on presented information.