During Market hours Yesterday (Wednesday – 20.04.2022)

Below some of the most representative highlights:

  • The Dow (Symbol: DIA) went up 0.69%. The S&P 500 (Symbol: SPY) went down 0.07% and the Nasdaq (Symbol: QQQ) lost 1.46%.
  • Netflix (Symbol: NFLX) — Shares of the streaming giant sank 35% after Netflix reported a loss of 200,000 subscribers in the most recent quarter. Netflix cited increasing competition, password sharing and the situation in Ukraine among the reasons for the dip. The news led to a wave of downgrades from major Wall Street firms.
  • M&T Bank (Symbol: MTB) — Shares for the regional bank surged 8.8% after M&T Bank exceeded earnings expectations. M&T Bank reported earnings of $2.73 per share, which was above $2.19 per share expected by analysts surveyed by Refinitiv.
  • Procter & Gamble (Symbol: PG) — Shares of the Procter & Gamble rose 2.7% after the consumer packaged goods company reported better-than-expected results for its fiscal third-quarter and hiked its full-year revenue guidance.
  • IBM (Symbol: IBM) — IBM surged 7.1% after beating on revenue and earnings in the recent quarter. The company reported an adjusted quarterly profit of $1.40 per share, 2 cents above a Refinitiv estimate. Revenue rose 7.7% over the year-ago quarter, with sales to Kyndryl lifting revenue growth by 5 percentage points.
  • Omnicom Group (Symbol: OMC) — Shares for the advertising company spiked 4.5% after Omnicom topped earnings expectations on Tuesday despite taking a hit to its investment in Russian businesses. Omnicom reported earnings of $1.39 per share and revenues of $3.41 billion. In comparison, analysts surveyed by FactSet were forecasting earnings of 1.30 per share and $3.286 billion.

During Premarket hours today (Thursday – 21.04.2022)

  • American Airlines (Symbol: AAL) — American soared 10% in premarket trading after reporting a smaller-than-expected loss and predicting profitability for the current quarter.
  • United Airlines (Symbol: UAL) — United lost an adjusted $4.24 per share for the first quarter, 2 cents more than expected, and the airline’s revenue was also slightly below forecasts. However, United said it expects a return to profitability this quarter as travel demand surges, and the stock rallied 8.3% in the premarket.
  • AT&T (Symbol: T) — AT&T earned an adjusted 63 cents per share for the first quarter, 4 cents above estimates, and beat on the top line as well. Those numbers exclude the results of the now spun-off WarnerMedia unit, with AT&T benefiting from an increase in wireless revenue. AT&T added 1.4% in premarket action.
  • Tesla (Symbol: TSLA) — Tesla surged 7.4% in premarket trading after reporting record quarterly profit and beating Wall Street’s top and bottom-line estimates. Tesla cautioned that production would be constrained for the remainder of the year due to shortages of computer chips and other parts, but it expects to increase deliveries.
  • Xerox (Symbol: XRX) — Xerox tumbled 14% in the premarket after reporting an adjusted quarterly profit of 12 cents per share, 1 cent below consensus. The office equipment maker was hurt by inflation pressures and supply chain issues.

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