During Market hours yesterday — (Tuesday – 30.11.2021):
- The Dow (Symbol: DIA) went down 1.79%. The S&P 500 (Symbol: SPY) dropped 1.95% and the Nasdaq (Symbol: QQQ) fell 1.47%.
- American Airlines (Symbol: AAL), Norwegian Cruise Line (Symbol: NCLH) — Travel stocks retreated, as investors continued to weigh the risks from the Covid omicron variant. American Airlines shares retreated more than 4% midday, then eased off their lows to close down 0.3%. Norwegian Cruise Line lost 3.5%, Wynn Resorts (Symbol: WYNN) fell 2.4%, and Airbnb (Symbol: ABNB) dipped 4.2%.
- Regeneron Pharmaceuticals (Symbol: REGN) — Regeneron shares fell 2.7% after the company said its Covid-19 antibody drugs could be less effective against the omicron Covid variant.
- Moderna (Symbol: MRNA), Pfizer (Symbol: PFE) — Shares of vaccine makers were in focus after Moderna CEO Stephane Bancel told The Financial Times he expects existing vaccines to be less effective against the omicron variant. Moderna shares fell 4.4%. BioNTech (Symbol: BNTX) shares fell nearly 3%. Pfizer shares gained roughly 2.5%. Novavax (Symbol: NVAX) shares added 7.6%.
- Solaredge (Symbol: SEDG) — The clean energy stock shed 5.6% after Morgan Stanley downgraded it to equal-weight.
- Meta Platforms (Symbol: FB) — Facebook-parent Meta’s shares fell 4% after the U.K. competition watchdog said the company should sell the GIF-sharing platform Giphy, which Facebook acquired last year. The regulator said the deal could harm social media users and U.K. advertisers. Meta has said it disagrees with the decision is considering an appeal.
- Beyond Meat (Symbol: BYND), Oatly (Symbol: OTLY) — Shares of Beyond Meat and Oatly retreated roughly 5.8% and 3.9%, respectively, after HSBC initiated coverage of the protein stocks at a reduce rating. “Given the prospect of heightened competition, the growth we forecast will be insufficient for many participants to achieve their lofty growth ambitions,” the firm said.
- Twitter (Symbol: TWTR), Square (Symbol: SQ) — Shares of Twitter and Square retreated 4% and 2.1%, respectively. The moves come a day after Jack Dorsey announced he is stepping down as CEO of Twitter while staying on as chief executive at Square. Bank of America upgraded Square to neutral from underperform and reiterate a buy rating for Twitter.
During Premarket hours today – (Wednesday – 01.12.2021):
- Salesforce (Symbol: CRM) — Shares of the software giant dropped more than 6% in premarket trading despite a better-than-expected third-quarter earnings report. The company’s fourth-quarter guidance missed analysts’ expectations. Salesforce also announced it promoted Bret Taylor to the role of co-CEO, alongside Marc Benioff.
- Box (Symbol: BOX) — Shares of Box rose more than 9% in early morning trading after the company’s quarterly financial results beat on the top and bottom lines. Box posted earnings of 22 cents per share on revenue of $224 million versus the Refinitv consensus estimate of 21 cents per share on revenue of $218.5 million, according to Refinitiv. The company’s fourth-quarter and full-year revenue and earnings also topped estimates.
- Hewlett Packard Enterprise (Symbol: HPE) — Shares of Hewlett Packard Enterprise fell about 2% in the premarket after missing analyst expectations for its quarterly revenue. The company reported revenue of $7.35 billion, below the Refinitiv consensus forecast of $7.38 billion. However, Hewlett Packard Enterprise posted a profit that came in 4 cents per share above consensus.
- Ambarella (Symbol: AMBA) — Shares of Ambarella surged more than 16% in early morning trading after a better-than-expected quarterly report. The semiconductor company earned 57 cents per share, beating Refinitiv estimates by 8 cents. Revenue came in at $92.2 million versus the $90.3 million expected.
- Goldman Sachs (Symbol: GS), Amazon (Symbol: AMZN) — Shares of Goldman Sachs and Amazon both moved higher in premarket trading after CNBC reported the bank is unveiling a cloud service for Wall Street trading firms backed by Amazon’s cloud division. The new service is called GS Financial Cloud for Data with Amazon Web Services. Goldman added 0.9% while Amazon gained 1.2%.
- DoorDash (Symbol: DASH) — Shares of DoorDash gained more than 3% premarket after Gordon Haskett upgraded the stock to buy from hold. The firm said the omicron variant could spark a rebound for the food delivery app as Covid fears flare up.
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