During Market hours yesterday (Thursday – 19.01.2023):

  • The Dow (Symbol: DIA) went down -0.70%. The S&P 500 (Symbol: SPY) dropped -0.73%. and the Nasdaq (Symbol: QQQ) lost -0.98%.
  • Norwegian Cruise Line (Symbol: NCLH) — Shares sunk more -4.83% after the cruise ship operator reported in a filing with the Securities and Exchange Commission that it will report a net loss for the fourth quarter and full year of 2022, as well as the first quarter of 2023.
  • Charles Schwab (Symbol: SCHW) — The bank stock lost -6.22% after Bank of America double-downgraded shares to an underperform rating, saying that clients will continue moving cash into alternatives such as money market funds.
  • Roblox (Symbol: RBLX) — Roblox shares shed -6.57% following a downgrade to an underweight rating by analysts at Morgan Stanley. The bank said the video game stock’s upside is limited following a strong December metrics report.
  • Tesla (Symbol: TSLA) — Shares of the electric-vehicle maker slipped -1.25% in midday trading. Piper Sandler reiterated its outperform rating on the stock, saying investors should be “proactively” buying shares. A day earlier, CEO Elon Musk’s fraud trial began over tweets he wrote in 2018 about considering taking Tesla private, which had caused the stock to rally.
  • CureVac (Symbol: CVAC) — Shares rallied +9.18% after the biopharmaceutical company was upgraded by UBS to buy from neutral. The Wall Street firm said Phase 1 results for an influenza treatment saw a “major inflection point.”
  • Comerica (Symbol: CMA) — Shares jumped +5.91% after the financial services company topped profit expectations in its latest quarterly report. Comerica reported earnings of $2.58 per share, greater than the $2.55 earnings per share expected by analysts polled by Refinitiv.

During Premarket hours today – (Friday – 20.01.2023):

  • Netflix (Symbol: NFLX) — The streaming stock jumped more than +6% after Netflix reported its latest quarterly results. While Netflix missed earnings expectations, it added more subscribers than analysts were forecasting. The firm also announced that co-CEO Reed Hastings would step down from the role.
  • Alphabet (Symbol: GOOGL) — The Google parent saw shares rose +3.6% after CEO Sundar Pichai announced the company will lay off 12,000 employees and explained in a memo that the company “hired for a different economic reality than the one we face today.”
  • Nordstrom (Symbol: JWN) — Shares of the retailer fell -7% in premarket trading after Nordstrom announced that its holiday sales fell 3.5% year over year. In a statement, CEO Erik Nordstrom described the retail environment as “highly promotional.” The company also lowered its earnings outlook.

*Any information contained in this article, including any information contained in external third party links, if any, is solely for informational purposes and does not contain, or should not be construed as containing, investment advice or an investment recommendation, or, an offer of or solicitation for any transactions in financial instruments. Past performance does not guarantee or predict future performance. Colmex Pro Ltd does not take into account your personal investment objectives or financial situation and makes no representation, and assumes no liability to the accuracy or completeness of the information provided, nor for any loss arising from any investment based on presented information.

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