During Market hours Yesterday — (Wednesday – 30.06.2021):

  • The Dow (Symbol: DIA) jumped 0.61%. The S&P 500 (Symbol: SPY) went up 0.08% and the Nasdaq (Symbol: QQQ) went down 0.16%.
  • WideOpenWest (Symbol: WOW)— The U.S. cable operator saw its stock price increase 13.48% after it announced it will sell five of its service areas in two separate deals for a combined $1.8 billion in an effort to lower its debt. The transactions are expected to close in the second half of the year.
  • Bed Bath & Beyond (Symbol: BBBY)— Shares of the retailer jumped 11.3% after reporting better-than-expected sales results for its fiscal first quarter and raised its full-year outlook. Volume in the stock was abnormally high, suggesting that part of the rise might be due to a return of Reddit traders that helped to boost shares earlier this year.
  • Virgin Galactic (Symbol: SPCE)— Shares dropped 2.17% after Bank of America double-downgraded the stock to underperform from buy. The firm said that Virgin Galactic’s surging stock price has already priced in much of the eventual gains expected when the company launches space tourism. BofA also noted the space sector continues to carry risk and volatility.
  • MongoDB (Symbol: MDB)— Shares of the database platform company lost 5.78% after it said it would sell 2.5 million Class A common shares, seeking to raise $889 million. MongoDB said it plans to use the proceeds of the sale for general corporate purposes.
  • Advanced Micro Devices (Symbol: AMD)— The semiconductor company’s stock is up 4.9% after Bank of America reiterated its buy rating on it, calling the stock “compelling” and “underappreciated.”
  • Constellation Brands (Symbol: STZ)— Shares of the spirits and beer maker rose nearly 1.26% after the company’s quarterly report. Constellation Brands reported adjusted quarterly profit of $2.33 per share, matching Wall Street forecasts, according to Refinitiv. Its revenue came in slightly above estimates.
  • Las Vegas Sands  (Symbol: LVS)— The casino and resort company’s stock traded 2.95% higher after reports came out saying Covid-related restrictions between Hong Kong and Macau, where the company owns and operates five properties, will loosen in July. Travelers from Hong Kong to Macau are currently required to quarantine for 14 days upon arrival.
  • General Mills (Symbol: GIS)— The food producer saw shares rise 1.5% after it reported quarterly earnings of 91 cents per share, beating analysts’ estimates by 6 cents. The company also reported $4.52 billion in revenue, on estimates of $2.02 billion.

During Premarket hours today – (Thursday – 01.07.2021):

U.S weekly jobless claims total 364,000, vs 390,000 estimate

  • Walgreens (Symbol: WBA) – Walgreens shares rallied 2.8% in the premarket after the drug store operator reported quarterly profit of $1.51 per share, beating the consensus estimate of $1.17 a share. Revenue topped forecasts as well, helped by a rebound in prescription volumes. The company also raised its full-year forecast.
  • Didi (Symbol: DIDI) – Didi will be added to the FTSE global equity indexes as of July 8, following the China-based ride-hailing company’s U.S. initial public offering and Wall Street debut Wednesday. Did surged 6.9% in the premarket.
  • CureVac (Symbol: CVAC) – The German drugmaker said a final study analysis showed its Covid-19 vaccine was 48% effective, little changed from the initial 47% assessment two weeks ago. Shares plunged 12.6% in the premarket.
  • McCormick (Symbol: MKC) – McCormick beat estimates by 7 cents a share, with quarterly earnings of 69 cents per share. The condiment and spice maker also reported better-than-expected revenue and raised its full-year forecast, helped by elevated at-home demand and a rebound in the company’s commercial business. McCormick gained 1.3% in premarket trading.
  • Atotech (Symbol: ATC) – The specialty chemicals company agreed to be acquired by industrial solutions company MKS Instruments (Symbol: MKSI) in a $5.1 billion cash-and-stock deal. Atotech was initially higher on the news but then fell 1% in premarket action.
  • Micron Technology (Symbol: MU) – Micron beat estimates by 16 cents a share, with quarterly earnings of $1.88 per share. The chip maker’s revenue topping Wall Street forecasts as well. Micron also gave upbeat current-quarter guidance, with a shortage of chips and strong demand keeping prices high. Separately, Micron sold a Utah semiconductor factory to Texas Instruments (Symbol: TXN) for $900 million in cash. Micron fell 2.3% in the premarket.
  • Nio (Symbol: NIO), XPeng (Symbol: XPEV) – The China-based electric vehicle makers both rose in premarket trading after reporting their latest delivery numbers. Nio delivered 8,083 electric vehicles in June, up 116% from a year earlier, while XPeng delivered 6,565 vehicles, a more than seven-fold increase. Nio jumped 3.2% in the premarket, while XPeng was up 4.7%.

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