During Market hours Yesterday (Wednesday – 15.12.2021):

  • The Dow (Symbol: DIA) went up 1.02%. The S&P 500 (Symbol: SPY) rose 1.56% and the Nasdaq (Symbol: QQQ) gained 2.28%.
  • Medtronic (Symbol: MDT) — The medical technology company’s shares declined 6% after Medtronic revealed its diabetes business received a warning letter from the Food and Drug Administration on Dec. 9 about the inadequacy of medical device quality system requirements at one of its California facilities.
  • Eli Lilly (Symbol: LLY) — Shares of the pharmaceutical company jumped 10.3% after Eli Lilly released updated guidance. The company raised its earnings outlook for 2021 and projected a bigger-than-expected jump in earnings for 2022, according to FactSet.
  • Nucor (Symbol: NUE) — The steel products company saw shares tumble about 8% after it gave fourth-quarter guidance that targeted earnings between $7.65 per share and $7.75 per share. Analysts were expecting guidance of around $8.18 per share, according to FactSet. Nucor said it expects steel products to increase earnings as demand in nonresidential construction markets remain strong, but that raw materials earnings would fall due to margin compression at direct reduced iron facilities.
  • Roku (Symbol: ROKU) — The streaming brand saw its shares tumble 7.9% after Universal Electronics announced the International Trade Commission has sided with it in a case against Roku and hit Roku with a patent infringement ruling that could potentially ban some of its products from being imported. However, Roku told CNBC it does not anticipate any disruption in its ability to import their products.
  • Vir Biotechnology (Symbol: VIR) — The drugmaker’s shares jumped 12% after the company announced that further data showed its Covid-19 antibody therapy was effective against the omicron variant. Vir Biotechnology is on track to post its fifth straight day of gains.

During Premarket hours today – (Thursday – 16.12.2021):

U.S. weekly jobless claims total 206,000, vs 195,000 estimate

  • Accenture (Symbol: ACN) – The consulting firm’s shares surged 6.7% in the premarket after it reported better-than-expected profit and revenue for its latest quarter, and raised its earnings guidance for fiscal 2022. Revenue rose by more than 20% across the four biggest industry groups in Accenture’s customer base.
  • Lennar (Symbol: LEN) – Lennar reported quarterly earnings of $3.91 per share, below the $4.15 consensus estimate, and the homebuilder’s revenue also fell short of forecasts. Lennar was hurt by higher lumber costs as well as increased labor costs and shortages of raw materials, resulting in delayed home deliveries. Lennar tumbled 6.3% in premarket action.
  • J.M. Smucker (Symbol: SJM) – Smucker struck a deal to sell its natural beverage and grains businesses to private equity firm Nexus Capital Management for $110 million, with the food producer saying it wanted to focus more resources on its core brands.

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