During Market hours Yesterday — (Wednesday – 18.01.2023):

  • The Dow (Symbol: DIA) went down -1.83%. The S&P 500 (Symbol: SPY) lost -1.58%. and the Nasdaq (Symbol: QQQ) dropped -1.30%.
  • Moderna (Symbol: MRNA) — Shares rose +3.3% a day after the pharmaceutical company said its respiratory syncytial virus vaccine is effective in preventing the disease in older adults.
  • Chegg (Symbol: CHGG) — Shares fell -16.6% after Needham downgraded Chegg to hold from buy, saying the online education company will have trouble reaching consensus for full-year revenue growth in Chegg Services, according to StreetAccount.
  • Microsoft (Symbol: MSFT) — Shares of the technology giant moved about -1.9% lower after it announced plans to cut 10,000 jobs through March 31 in an attempt to trim costs as economic uncertainties linger and growth slows. Microsoft also said it’s taking a $1.2 billion charge connected to lease consolidation and other activities.
  • Mobileye (Symbol: MBLY) — Shares of the assisted driving company gained +6.1% after Deutsche Bank initiated coverage of the stock as a buy. The firm said Mobileye’s technology was superior and could help the company become a Tier 1 auto supplier.
  • Oatly Group (Symbol: OTLY) — Shares of Oatly Group fell nearly -4.1%, losing steam after Mizuho upgraded the stock to buy from neutral. The firm said improving capacity should accelerate growth for the plant beverage company.
  • YETI Holdings (Symbol: YETI) — Shares of the lifestyle outdoor brands company shed about -7% after being downgraded by Cowen to market perform from outperform. The Wall Street firm said e-commerce traffic trends were moderating.

During Premarket hours today — (Thursday – 19.01.2023):

  • Roblox (Symbol: RBLX) — Roblox shares fell -6.7% after Morgan Stanley downgraded the gaming company to underweight from equal weight and said the upside is limited following the stock’s recent outperformance.
  • Discover (Symbol: DFS) — The online bank lost -7.3% despite beating expectations for per-share earnings and revenue. Discover boosted its provision for credit losses compared to the prior year, potentially signaling that it sees a weaker economy ahead.
  • CureVac (Symbol: CVAC) — The biopharmaceutical company jumped +8.2% following an upgrade to buy from neutral by UBS, which said Phase 1 results for a treatment that uses mRNA for influenza saw a “major infection point.”
  • Apple (Symbol: AAPL) — Shares slid -1.2% after JPMorgan cut its price target on Apple and said the technology company had a tough setup going into earnings from supply headwinds.
  • Ford (Symbol: F) — The automaker fell -1.2% after Evercore ISI cut its price target on the stock, noting that automakers could struggle if a recession comes but see sales come back in the three to six months following.

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