During Market hours Yesterday — (Wednesday – 14.12.2022):

  • The Dow (Symbol: DIA) went down -0.47%. The S&P 500 (Symbol: SPY) lost -0.64%. and the Nasdaq (Symbol: QQQ) fell -0.74%.
  • SoFi Technologies (Symbol: SOFI) — The fintech stock jumped +6.09% after a filing showed CEO Anthony Noto bought $5 million in common stock. The purchase was done through multiple trades from Friday to Tuesday, the filing said.
  • Tesla (Symbol: TSLA) — Shares of the electric vehicle maker shed -2.58% following analyst calls for how the stock will perform in 2023. Goldman Sachs cut its price target while reiterating the stock as a buy. Morgan Stanley said it was a top auto pick for 2023.
  • Plug Power (Symbol: PLUG) — Plug Power’s stock surged +7.80% after UBS initiated coverage of the stock with a buy rating and a price target that implies shares can gain more than 80%. UBS said investors are underappreciating the hydrogen fuel cell maker’s growth potential.
  • Delta Air Lines (Symbol: DAL) — Shares of the airline rose +2.79% after the company said the travel boom isn’t done and that it expects 2023 earnings to nearly double as a result. Delta forecast a revenue jump of between 15% and 20% in 2023.
  • Moderna (Symbol: MRNA) — Moderna’s stock rallied +5.78%, following Tuesday’s 19.6% gain. The moves came after a successful study of a skin cancer treatment involving an experimental Moderna vaccine in combination with Keytruda, Merck’s cancer drug.
  • SolarEdge (Symbol: SEDG) — The solar company gained +2.43% after being upgraded to overweight from equal weight by Barclays. The firm cited the company’s “pivot” toward Europe for its call, saying it feels more confident macro dynamics in Europe will underpin SolarEdge’s growth and ability to take market share in the near-term.

During Premarket hours today — (Thursday – 15.12.2022):

Bank of England raises interest rates by half a percentage (0.5%) point to 3.5 per cent.

U.S. Initial Jobless Claims 211,000 (Forecast 230,000)

  • Tesla (Symbol: TSLA) – Tesla fell -1.2% in premarket trading after an SEC filing showed that Elon Musk sold another $3.6 billion in shares. The stock is down 55% year to date through Wednesday.
  • AT&T (Symbol: T) – AT&T was downgraded to equal-weight from overweight at Morgan Stanley, which notes AT&T’s outperformance this year and is predicting slower growth for the company in 2023. AT&T fell -1.4% in premarket trading.
  • Trade Desk (Symbol: TTD) – Jefferies downgraded the digital ad firm to hold from buy, praising the company’s “best-in-class fundamentals” but noting an offset from a rich valuation multiple. Trade Desk declined -3.3% in the premarket.
  • Snap (Symbol: SNAP) – The social media company’s stock was downgraded to hold from buy at Jefferies, which said Snap is facing intense competition and a worsening macroeconomic picture. Snap lost -2.1% in premarket trading.

*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.