During Market hours Yesterday (Wednesday – 29.12.2021):

  • The Dow (Symbol: DIA) went up 0.23%. The S&P 500 (Symbol: SPY) rose 0.13% and the Nasdaq (Symbol: QQQ) lost 0.01%.
  • Victoria’s Secret (Symbol: VSCO) — Shares of Victoria’s Secret jumped 12.2% after the intimate apparel retailer announced a $250 million accelerated share repurchase program. The company also reaffirmed fourth-quarter guidance provided in November, including an up to 3% increase in sales versus last year’s fourth-quarter sales of $2.10 billion.
  • Didi Global (Symbol: DIDI) — Shares of the Chinese ride-hailing firm fell 8.2%, continuing a brutal month for the stock. Reuters reported Wednesday that Didi is planning to list its stock in Hong Kong in mid-2022 without issuing more shares or raising additional capital.
  • Tesla (Symbol: TSLA) — Tesla shares dipped 0.2% after financial filings published late Tuesday showed CEO Elon Musk sold another 934,090 shares — or about $1.02 billion worth of his holdings — in the electric car company.
  • Alibaba (Symbol: BABA) — Alibaba shares fell 2.4% after Bloomberg reported the Chinese e-commerce giant is considering the sale of its 30% stake in social media company Weibo to state-owned Shanghai Media Group.
  • American Airlines (Symbol: AAL) — Travel-related stocks struggled after rebounding in the previous session, as the omicron Covid variant continued to influence market action. American Airlines slid 2.6%.
  • Cal-Maine Foods (Symbol: DIA) — Shares of Cal-Maine Foods fell 5.4% after the egg producer reported weaker-than-expected quarterly results. The company earned 2 cents per share for its latest quarter, well short of the 30-cent Refinitiv consensus estimate. Higher production costs and feed costs bit into profit, Cal-Maine Foods reported.

During Premarket hours today (Thursday – 30.12.2021):

U.S. weekly jobless claims total 198,000, vs 205,000 estimate

  • Biogen (Symbol: BIIB) — Biogen slid 6.5% in the premarket after Samsung denied a report in the Korea Economic Daily publication that it was in talks to buy Biogen and combine it with its biotech unit. Biogen shares had jumped 9.5% Wednesday on that report.
  • Didi Global (Symbol: DIDI) — The China-based ride-hailing company’s shares slid 3.2% in premarket trading after it reported a 1.7% decline in third-quarter revenue and a loss of $4.7 billion, stemming from a regulatory crackdown. Didi had slumped 8.2% Wednesday and has fallen in 12 of the past 15 trading days.
  • Microstrategy (Symbol: MSTR) — The business analytics company’s stock rose 1.1% in the premarket, tracking a rise in bitcoin prices. Microstrategy has bitcoin holdings worth several billion dollars on its balance sheet.

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