During Market hours Yesterday – (Monday – 05.04.2021):
- Nasdaq (Symbol: QQQ) gained 2%. The S&P 500 (Symbol: SPY) went up 1.44%. The Dow (Symbol: DIA) gained 1.13%.
- Tesla (Symbol: TSLA)– The electric vehicle company’s stock price gained 4.4% after Tesla’s delivery numbers for the first quarter topped Street expectations. The Elon Musk-led company said it delivered a total of 184,800 vehicles, while analysts were looking for 168,000 deliveries.
- AMC Entertainment (Symbol: AMC)– Shares of the movie theater company jumped 13.35% after B. Riley Securities upgraded the stock to a buy rating. ”‘Godzilla vs. Kong’ destroys lingering concerns around theatrical window importance and demonstrates a solid path to resurgence,” the firm wrote in a note to clients.
- Carnival (Symbol: CCL), Norwegian (Symbol: NCLH) and Royal Caribbean (Symbol: RCL)— Cruise operators Carnival and Norwegian gained 4.65% and 7.18%, respectively, after the Centers for Disease Control and Prevention updated its guidance for resuming U.S. cruise ship sailings. Royal Caribbean added 2.86%.
- Charles Schwab (Symbol: SCHW)— The brokerage firm rose 2.57% high after Goldman Sachs put the stock on its Conviction List ahead of its earnings on April 15. The firm said Schwab should beat expectations driven by higher net interest margin and trading driven by strong retail engagement.
- Roblox (Symbol: RBLX)— Shares of the online gaming platform jumped 5.08% after Goldman Sachs initiated coverage on the stock with a buy rating. The Wall Street firm said Roblox’s creation and monetization of content allows it to outsource game development costs to its creators while retaining the economic upside.
- GameStop (Symbol: GME)— Shares of the video game retailer were volatile on Monday, ending the day down 2.35%. The company’s stock price dropped as much as 14% earlier in the day. The weakness came after GameStop said it may sell up to $1 billion worth of additional shares following a historic Reddit-fueled short squeeze. The company said it intends to use the proceeds to further accelerate its e-commerce transformation and to strengthen its balance sheet.
- Trimble (Symbol: TRMB)— Shares of the digital construction and agriculture company popped 3.7% after Cathie Wood’s Ark Innovation purchased 453,214 of its shares. Based on Thursday’s closing price of around $83 per share, Ark’s purchase was worth north of $37.6 million.
- Ford (Symbol: F), General Motors (Symbol: GM) — The legacy auto stocks rose on Monday after Wells Fargo initiated coverage of the companies at overweight. Ford popped 4.35%, while GM’s shares rose 5.6%. Wells Fargo said in a pair of notes that Ford and GM were both poised to be leaders in the next generation of vehicles and transportation.
- Pinterest (Symbol: PINS)— The photo-sharing stock rose 2.3% after The New York Times reported that the company was considering purchasing social media company VSCO.
- Planet Fitness (Symbol: PLNT) — Shares of the fitness chain climbed 1.58% after the Wall Street Journal reported that it plans to open up to 100 new locations in the coming fiscal year, adding to its current total of more than 2,100. Chief finance officer Tom Fitzgerald told the newspaper that Planet Fitness will also invest in its app.
During Premarket hours today – (Tuesday – 06.04.2021):
- Illumina (Symbol: ILMN) – Illumina issued preliminary current-quarter and full-year guidance that exceeded current analyst estimates. The life sciences company said its projected results are being driven by record orders in its gene-sequencing and related businesses. Illumina jumped 9.2% in premarket action.
- Cara Therapeutics (Symbol: CARA) – Cara Therapeutics shares surged 11.4% premarket following news that the biopharmaceutical company’s stock will be added to the S&P SmallCap 600 index, effective on Wednesday.
- Snap (Symbol: SNAP) – Snap shares gained 1.5% in premarket action following an upgrade at Atlantic Equities, which now rates the Snapchat parent’s stock at “overweight” vs. the prior “neutral.” The firm cites valuation as a key factor, as well as Snap’s transformation from a messaging-centric platform to a broad content platform.
- Phillips 66 (Symbol: PSX) – The energy producer said it will report a larger-than-expected first-quarter loss, stemming from the severe winter weather in central and southern U.S. states that crippled its Gulf Coast petrochemical operations. Phillips fell 1.3% in premarket trading.
- Niu Technologies (Symbol: NIU) – The Beijing-based company reported sales of 149,649 e-scooter sales during its first quarter, compared to 40,160 in the year-ago quarter. Niu Technologies shares rose 1% in premarket trading.
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