During Market hours Yesterday — (Wednesday – 08.12.2021):
- The Dow (Symbol: DIA) went up 0.07%. The S&P 500 (Symbol: SPY) rose 0.26% and the Nasdaq (Symbol: QQQ) gained 0.45%.
- Stitch Fix (Symbol: SFIX) — Shares of the digital personal shopping company plummeted 23% after reporting disappointing guidance for the fiscal second quarter and the full year. Stitch Fix also missed estimates for its fiscal first quarter active customers. The company did, however, beat on the top and bottom lines of its quarterly results.
- Roku (Symbol: DIA) — Shares of the streaming platform rallied more than 15% after announcing it has reached a multiyear agreement with Google to keep YouTube and YouTube TV on its service. The deal will allow the 56.4 million active Roku accounts to continue to watch YouTube and YouTube TV, Google’s live streaming service, without disruption.
- Travel and reopening stocks — While the broader market was flat, travel and reopening stocks rose on Wednesday. Norwegian Cruise Line (Symbol: NCLH) rose 10%. American Airlines (Symbol: AAL) added 3.8%, and United Airlines (Symbol: UAL) popped 5.7%. Carnival (Symbol: CCL) climbed 7.4%, and Royal Caribbean (Symbol: RCL) rose 6.6%.
- PagerDuty (Symbol: PD) — Shares of the software company rose 10.4% after PagerDuty reported a loss of 7 cents per share, topping estimates of a loss of 9 cents per share, according to Refinitiv. The company made $71.8 million in revenue, higher than the forecasted $70.0 million. PagerDuty also reported better-than-expected earnings and revenue guidance for the fourth quarter.
- NXP Semiconductor (Symbol: NXPI) – Shares of the chip company declined 5% after UBS initiated coverage on the stock with a sell rating. The firm said that while it believes the company will remain a leader in some product categories, NXP’s automotive division growth will lag that of peers. The firm has a 12-month target of $170 on the stock, which is about 28% below where shares closed on Tuesday.
- ChargePoint Holdings (Symbol: CHPT) — Shares of ChargePoint Holdings dipped 3.6% after posting a GAAP per-share loss of 21 cents per share. The company reported revenue of $65.0 million, higher than the estimated $64.8 million, according to Refinitiv.
- Honeywell (Symbol: HON) — Shares of Honeywell retreated more than 1% after Bank of America downgraded the stock to a neutral rating from buy. The firm also cut its price target on the stock. Bank of America said supply chain issues and inflationary pressures should impact Honeywell’s revenue and margins in the first half of 2022.
During Premarket hours today (Thursday – 09.12.2021):
U.S. weekly jobless claims total 184,000, vs 220,000 estimate
- Hormel (Symbol: HRL) — The food producer beat estimates by a penny with quarterly earnings of 51 cents per share, and revenue that also topped Wall Street forecasts. Hormel saw double-digit growth across all of its business segments, and shares rose 1% in premarket trading.
- RH (Symbol: RH) — The company formerly known as Restoration Hardware reported adjusted quarterly earnings of $7.03 per share, 40 cents above estimates, while the luxury home furnishings retailer’s revenue beat forecasts. RH also lifted the low end of its revenue outlook. RH surged 10.1% in premarket action.
- GameStop (Symbol: GME) — GameStop shares slid 4% in premarket trading after the videogame retailer posted a wider loss compared with a year earlier and also disclosed an August subpoena from the SEC involving the trading of its shares.
- Apple (Symbol: AAPL) — Apple won an appeals court decision that delays changes to its App Store. An earlier ruling had ordered Apple to allow developers to offer payment alternatives outside of the App Store, stemming from its legal dispute with “Fortnite” developer Epic Games. Separately, Apple is closing in on a $3 trillion valuation, which will be achieved when the share price hits $182.86.
- Lucid Group (Symbol: LCID) — Lucid shares tumbled 5.9% in the premarket after the electric vehicle maker announced a $1.75 billion offering of convertible senior notes.
*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.