During Market hours Yesterday — (Thursday – 15.07.2021):
- The Dow (Symbol: DIA) went up 0.15%. The S&P 500 (Symbol: SPY) slid 0.34% and the Nasdaq (Symbol: QQQ) lost 0.70%.
- AMC Entertainment (Symbol: AMC)– Shares of the movie theater chain rebounded 7.7% to around $36 apiece after shedding 15% in the previous session. The price of the meme stock has been cut in half from its all-time high of $72.62 in early June. The shares have fallen about 37% in July alone amid a pullback in speculative names. GameStop (Symbol: GME), the original meme stock, is down nearly 25% this month.
- Morgan Stanley (Symbol: MS)– The bank’s shares added 0.18% after the bank’s second-quarter earnings report beat expectations, boosted by strong equities trading and investment banking results. The bank posted earnings of $1.85 per share on revenues of $14.8 billion. Analysts had expected earnings of $1.65 per share on revenues of $13.9 billion.
- Delta Air Lines (Symbol: DAL)– The airline stock jumped 1.65% after Raymond James upgraded Delta to strong buy from market perform. The investment firm said in a note to clients that there was more clarity about costs after the company’s recent earnings report.
- Teleflex (Symbol: TFX)– The health care company’s shares fell 9.8% amid concern about a proposed federal reimbursement cut for a Teleflex urology product. KeyBanc said in a note to clients that the proposal “creates additional uncertainty around TFX’s most visible growth driver.”
- U.S. Bancorp (Symbol: USB)– Shares of U.S. Bancorp rose 3.2% after the company reported better than expected quarterly earnings of $1.28 per share Thursday morning, beating analysts’ estimates by 14 cents per share. The company also beat revenue estimates, delivering $5.78 billion for the second quarter.
- Truist Financial (Symbol: TFC)– The bank stock jumped 2.6% after Truist beat expectations on the top and bottom lines for the second quarter, with the release of loan loss reserves boosting profit. The financial company earned $1.55 in adjusted earnings per share on $5.65 billion in revenue. Analysts surveyed by Refinitiv were expecting $1.19 in earnings per share and $5.48 billion in revenue.
- American International Group (Symbol: AIG)– The insurance stock rose 3.6% after AIG announced a deal with Blackstone to sell its affordable housing assets and an equity stake in its Life & Retirement insurance business to the asset management giant. Blackstone will also become a strategic asset management partner for AIG as part of the deal.
- NortonLifeLock (Symbol: NLOK)– Shares of the cybersecurity company slumped 3.9% after Norton said it was in advanced talks with Avast, a security software company based in London, about a potential acquisition.
During Premarket hours today – (Friday – 16.07.2021):
- Moderna (Symbol: MRNA) – The drug maker’s shares surged 7.3% in the premarket on news that the stock would be included in the S&P 500 as of July 21st. It will replace Alexion Pharmaceuticals, which is being acquired by AstraZeneca (Symbol: AZN).
- Didi Global (Symbol: DIDI) – Shares of the China-based ride-hailing company slid 5.5% in premarket action after Didi was the subject of an onsite cybersecurity review from officials of at least 7 different government departments.
- BioNTech (Symbol: BNTX) – A study published in the medical journal The Lancet showed that BioNTEch’s mRNA-based Covid-19 vaccine produced 10 times more antibodies than the inactivated virus-based vaccine produced by China’s Sinovac. BioNTech rose 1.7% in premarket trading.
- AMC Entertainment (Symbol: AMC), GameStop (Symbol: GME) – So-called “meme stocks” continued their wide swings in the premarket, with AMC up 4.6% and GameStop jumping 3.9%. The movie theater operator’s stock rose for just the second time in ten sessions Thursday, while the videogame retailer is riding a five-session losing streak and its stock has been down in nine of the past ten trading days.
- Carnival (Symbol: CCL), Royal Caribbean (Symbol: RCL), Norwegian Cruise Line (Symbol: NCLH) – Cruise stocks rose in the premarket after Canada said it would allow large cruise ships to resume visiting the country in November. Carnival added 1.2%, Royal Caribbean gained 1.1% and Norwegian was up 1.7%.
- Intel (Symbol: INTC) – Intel is exploring a deal to buy fellow semiconductor maker GlobalFoundries, according to people familiar with the matter who spoke to the Wall Street Journal. Such a transaction could potentially value GlobalFoundries at about $30 billion, although there is no guarantee a deal will be finalized. Intel rose 1% in premarket trading.
- FuboTV (Symbol: FUBO) – Shares of the live-sports video streaming company surged 4.7% in the premarket after its Fubo Gaming subsidiary struck a market access agreement with casino operator Cordish Companies for its planned mobile Fubo Sportsbook in Pennsylvania.
- Molson Coors (Symbol: TAP) – The beer brewer announced it would resume paying quarterly dividends, with a planned payout of 34 cents per share payable on September 17 to shareholders of record as of August 30. Molson Coors had suspended its dividend last May as it dealt with the financial impact of the pandemic.
- Lordstown Motors (Symbol: RIDE) – The electric truck maker said it is under investigation by federal prosecutors in New York, who are looking into Lordstown’s vehicle pre-orders as well as its merger with special purpose acquisition company DiamondPeak Holdings last October. Lordstown lost 1% in premarket trading.
- Honest Company (Symbol: HNST) – Shares of Honest Company rose 2.4% in the premarket after the maker of personal care products was upgraded to “buy” from “hold” at Loop Capital Markets. Loop said shares are now at an attractive level after a recent pullback.
- Live Nation (Symbol: LYV) – The live entertainment producer was rated “buy” in new coverage at Goldman Sachs, which said Live Nation is poised to benefit from an expected surge in concert activity. Live Nation added 2.6% in premarket trading.
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