During Market hours Yesterday (Wednesday – 15.06.2022)

  • The Dow (Symbol: DIA) went up 0.96%. The S&P 500 (Symbol: SPY) rose 1.43% and the Nasdaq (Symbol: QQQ) gained 2.50%
  • Moderna (Symbol: MRNA) — The biotech stock jumped 5.7% after a Food and Drug Administration committee voted to recommend Moderna’s Covid vaccine to children ages six through 17. The FDA is expected to authorize vaccines for children later this week.
  • Robinhood (Symbol: HOOD) — Shares of the retail brokerage fell 2.5% following a downgrade to neutral at Atlantic Equities. Atlantic cited declining users and regulatory issues as threats to Robinhood’s stock.
  • Snowflake (Symbol: SNOW) — The software stock jumped 7.6% following an upgrade to buy from hold by Canaccord Genuity. The investment firm said Snowflake’s stock looks cheap based on the company’s long-term growth potential.
  • Boeing (Symbol: BA) — The aerospace stock rose 9.5% after Reuters reported that airline China Southern conducted test flights with Boeing’s 737 Max jet. Shares of Boeing have been volatile recently and are on track for their fifth straight session of a 4% or greater move in either direction.
  • Spotify (Symbol: SPOT) — The streaming stock surged 7.5% after Wells Fargo upgraded Spotify to equal weight from underweight. Wells Fargo said Spotify has room to improve its margins.
  • Microstrategy (Symbol: MSTR) — Shares of the tech company rose more than 9% after CEO Michael Saylor defended the company’s strategy of investing in bitcoin on CNBC’s “Squawk on the Street.” The company’s stock has fallen sharply this year as the price of bitcoin has declined by more than 50%.

During Premarket hours today (Thursday – 16.06.2022)

  • Commercial Metals (Symbol: CMC) – The metal products manufacturer reported an adjusted quarterly profit of $2.61 per share, beating the $2.02 consensus estimate, and revenue also topped Wall Street forecasts. Commercial Metals also said it was anticipating upbeat financial performance for the current quarter amid a strong construction market. The stock rallied 4.6% in the premarket.
  • Tesla (Symbol: TSLA) – Tesla fell 3.8% in premarket trading after Reuters reported that Tesla has increased prices on its U.S. models amid a jump in the price of raw materials and supply chain snags.
  • Twitter (Symbol: TWTR) – Twitter gained 2.3% in premarket action following a Wall Street Journal report that Elon Musk will reiterate his desire to own Twitter at an all-hands meeting today. Musk has threatened to pull out of his Twitter buyout deal, accusing the company of withholding information on spam accounts.
  • Warner Brothers Discovery (Symbol: WBD) – The media company’s stock slid 4% in the premarket after J.P. Morgan rated the stock “neutral,” citing a macroeconomic environment that could impact ad spending.
  • Revlon (Symbol: REV) – Revlon filed for Chapter 11 bankruptcy protection as the cosmetics maker deals with a debt load of roughly $3.3 billion. Shares slid 4.4% in the premarket.
  • Amazon.com (Symbol: AMZN) – Amazon said its annual “Prime Day” shopping event would be held from July 12 to 13. Last year’s “Prime Day” event generated an estimated $3.5 billion in sales. Amazon fell 2.8% in premarket trading.

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