During Market hours yesterday (Tuesday – 22.03.2022)

  • The Dow (Symbol: DIA) went up 0.8%. The S&P 500 (Symbol: SPY) jumped 1.2% and the Nasdaq (Symbol: QQQ) gained 2%.
  • Nike (Symbol: NKE) — Shares of Nike jumped 2.2% after the company reported a beat on the top and bottom lines in the third quarter. The retailer reported earnings of 87 cents per share on revenues of $10.87 billion, topping analysts’ estimates of 71 cents per share on revenues of $10.59 billion. Nike delayed giving its outlook for the year.
  • GameStop (Symbol: GME) – Shares of the video-game retailer jumped 30.7%. There was no clear reason behind the move. The firm reported quarterly results last week, posting a per-share loss of $1.86 compared to expected earnings of 85 cents per share, according to FactSet’s StreetAccount. Shares of AMC Entertainment, a fellow meme-stock favorite, also leapt 11%.
  • Datadog (Symbol: DDOG) — Shares of the software company jumped 6% after investment firm BTIG initiated coverage of the stock with a buy rating. BTIG said in a note to clients that Datadog is set up for near- and long-term success.
  • Alibaba (Symbol: BABA) — Shares of the China-based e-commerce giant jumped 11% after the company increased its share buyback program to $25 billion from $15 billion, effective for a two-year period through March 2024. Alibaba also appointed Weijian Shan, executive chairman of Hong Kong-headquartered investment group PAG, to its board as an independent director.
  • Tencent Music Entertainment (Symbol: TME) — The entertainment services company saw its shares jump 9.6% after it reported better-than-expected earnings for the most recent quarter. Tencent Music also said it would pursue a secondary listing on the Hong Kong Stock Exchange.
  • Pfizer (Symbol: PFE) — The biopharmaceutical giant’s stock price slipped 2.1% after the company said it will distribute up to four million treatment courses of its oral Covid pill to dozens of poorer nations in a partnership with the United Nations Children’s Fund.

During Premarket hours today (Wednesday – 23.03.2022):

  • Winnebago (Symbol: WGO) – The recreational vehicle maker reported adjusted quarterly earnings of $3.14 per share, beating the $2.94 consensus estimate, and revenue also topped Street forecasts. Results were helped by strong consumer demand and higher prices. However, Winnebago shares lost 2.4% in premarket action.
  • GameStop (Symbol: GME) – GameStop soared 12.4% in premarket trading after an SEC filing showed that Chairman Ryan Cohen had bought 100,000 additional shares, raising his stake in the videogame retailer to 11.9%.
  • Adobe (Symbol: ADBE) – Adobe beat estimates by 3 cents with adjusted quarterly earnings of $3.37 per share. The software maker’s revenue was slightly above estimates. However, Adobe cut its forecast for a key subscription revenue measure, expecting a $75 million hit for existing business in Russia and Belarus.
  • Poshmark (Symbol: POSH) – Poshmark slid 9.4% in the premarket after the operator of a new and used clothing marketplace gave weaker-than-expected guidance for the current quarter. Poshmark reported better-than-expected revenue for its most recent quarter, along with a slightly smaller-than-expected loss.

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