Today's pre-market stock movers: AMD, SBUX, ABNB, MRNA and more
Gainers:
• $Livent (LTHM.US)$ +22.58% (it posted better-than-expected quarterly earnings and raised its 2022 revenue forecast)
• $BlueLinx Holdings (BXC.US)$ +9.7% (increases share repurchase authorization to $100 mln; enters into $60 mln accelerated repurchase agreement)
• $Starbucks (SBUX.US)$ +7.18% (matched estimates with an adjusted quarterly profit of 59 cents per share, and revenue slightly above estimates.)
• $Advanced Micro Devices (AMD.US)$ +6.44% (AMD's earnings outlook expected to give a clearer picture of where the chip sector is headed)
• $Airbnb (ABNB.US)$ +5.3% (Airbnb posted a quarterly loss of 3 cents per share, narrower than the 29-cent loss analysts were anticipating)
• $Compass Therapeutics (CMPX.US)$ +4.7% (reports additional interim results from a Phase 2 study of CTX-009 in combination with paclitaxel in patients with biliary tract cancers)
• $Moderna (MRNA.US)$ +3.73% (Moderna stock was jumping after the maker of a Covid-19 vaccine's earnings crushed analyst estimates.)
• $Northern Oil & Gas (NOG.US)$ +2.1% (increases dividend; increases share repurchase authorization to $150 mln)
• $Sunnova Energy International (NOVA.US)$ +1.8% (launches fixed discount offering for solar customers)
Analyst comments:
Losers:
• $Kezar Life Sciences (KZR.US)$ -31.82% (announces topline results from PRESIDIO Phase 2 trial of zetomipzomib)
• $Lyft Inc (LYFT.US)$ -26% (the ride-hailing company said it would increase spending to attract more drivers, leading to an earnings forecast that fell short of Wall Street predictions)
• $Tupperware Brands (TUP.US)$ -21.1% (it missed top and bottom-line estimates for its latest quarter and withdrew its full-year forecast. the company cited uncertainty related to the Russia/Ukraine conflict as well as fundamental changes being made to its business)
• $Bright Horizons Family Solutions (BFAM.US)$ -10.6% (also to acquire Only About Children for $320 mln)
• $Uber Technologies (UBER.US)$ -1% (reported a quarterly loss and revenue that beat estimates. Uber saw ride volumes increase during the quarter while food deliveries also continued to grow)
Analyst comments:
• $Teva Pharmaceutical Industries (TEVA.US)$ -3.8% (downgraded to Underweight from Neutral at Piper Sandler)
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BomTradyTrades : Uber is a good pick up here.