Magical Trade
Thursday, May 19, 2022
  • Home
  • Trade News
  • Email Whitelisting
  • Privacy Policy
No Result
View All Result
  • Home
  • Trade News
  • Email Whitelisting
  • Privacy Policy
No Result
View All Result
Magical Trade
No Result
View All Result
Home Trade News

5 things to know before the stock market opens Thursday

by
November 11, 2021
in Trade News
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

RELATED POSTS

Asia stock markets sell off; Hong Kong’s Hang Seng down nearly 3% and Tencent shares plunge more than 7%

Amazon Stock Plunges in Wake of Target, Walmart Debacles. This Is Why.

Here are the most important news, trends and analysis that investors need to start their trading day:

Wall Street looks higher, one day after inflation-driven sellingDisney missed numbers across the board, streaming growth slowedElon Musk sells around $5 billion of Tesla stock, shares popRivian’s premarket gains give EV marker bigger market cap than GMAffirm soars after beating on revenue, expanding Amazon deal

1. Wall Street looks higher, one day after inflation-driven selling

A trader works on the floor of the New York Stock Exchange (NYSE) on November 05, 2021 in New York City.

Spencer Platt | Getty Images

Dow futures bounced Thursday despite the premarket drop in Dow stock Disney on disappointing quarterly results. Wall Street sank Wednesday after October’s consumer price index showed the biggest annual jump in more than 30 years, triggering a spike in the 10-year Treasury yield to 1.57%. U.S. bond trading is closed Thursday for Veterans Day. The Dow Jones Industrial Average and the S&P 500 on Wednesday lost less than 1%. In a tech-led sell-off, the Nasdaq fared much worse, losing 1.7%. All three stock benchmarks recently logged a flurry of record closes, the latest were on Monday. Bitcoin hit another all-time high Wednesday, near $69,000, before pairing its gains. On Thursday, it was down but trading above $65,000.

2. Disney missed numbers across the board, streaming growth slowed

In this photo illustration a close-up of a hand holding a TV remote control seen displayed in front of the Disney+ logo.

Thiago Prudencio | SOPA Images | LightRocket | Getty Images

Shares of Disney dropped 5% in Thursday’s premarket, the morning after the entertainment giant reported adjusted earnings of 37 cents per share on $18.53 billion in revenue in its fiscal fourth quarter. Both measures were short of expectations. Wall Street was more bullish than Disney heading into earnings, expecting 125.4 million total Disney+ subscribers at the end of the fourth quarter. The company fell short, adding 2.1 million Disney+ subscribers for total of 118.1 million. Overall, Disney reported 179 million subscriptions across Disney+, ESPN+ and Hulu at the end of the fourth quarter. That’s 50% higher than last year.

3. Elon Musk sells around $5 billion of Tesla stock, shares pop

Elon Musk sold nearly $5 billion in Tesla stock, according to financial filings out Wednesday evening. The Tesla CEO still holds more than 166 million shares. Musk sold these shares in part to satisfy tax obligations related to an exercise of stock options.

Before the plan was made public, Musk asked his 62.5 million Twitter followers whether he should sell. Following Saturday’s Twitter poll, Tesla saw a two-session slump of more than 15%, before rebounding over 4% on Wednesday. Tesla was up about 2% in premarket trading.

4. Rivian’s premarket gains give EV marker bigger market cap than GM

A Rivian R1T electric pickup truck during the company’s IPO outside the Nasdaq MarketSite in New York, on Wednesday, Nov. 10, 2021.

Bing Guan | Bloomberg | Getty Images

Rivian Automotive shares rose another 6.5% in Thursday’s premarket, one day after debuting up 29%, giving the Amazon– and Ford-backed electric vehicle start-up a market valuation of $86 billion after one of the biggest IPOs this year. Rivian’s market value is higher than Ford’s — and if the premarket gains were to hold, it would be bigger than General Motors, too. However, Rivian is still worth a fraction of EV pioneer Tesla, which has a market cap of more than $1 trillion. Amazon’s 20% stake in Rivian is now worth about $17 billion, and Ford’s 12% stake is valued at more than $10 billion.

5. Affirm soars after beating on revenue, expanding Amazon deal

Shares of Affirm jumped nearly 25% in Thursday’s premarket, the morning after the digital “buy now, pay later” company beat expectations with fiscal first-quarter revenue. It also announced an expansion of its partnership with Amazon. As part of the new agreement with Amazon, Affirm will serve as the sole third-party buy now, pay later option for the e-commerce giant in the U.S. Amazon will also integrate Affirm into its digital wallet in the U.S. However, credit card companies will still be able to offer buy now, pay later options on Amazon in the future.

— Follow all the market action like a pro on CNBC Pro. Get the latest on the pandemic with CNBC’s coronavirus coverage.

ShareTweetPin

Related Posts

Asia stock markets sell off; Hong Kong’s Hang Seng down nearly 3% and Tencent shares plunge more than 7%

by
May 19, 2022
0

SINGAPORE -- Shares in Asia-Pacific slipped Thursday morning after heavy losses on Wall Street overnight. The Nikkei 225 in Japan...

Amazon Stock Plunges in Wake of Target, Walmart Debacles. This Is Why.

by
May 19, 2022
0

Amazon.com shareholders just got another reality check from Walmart and Target. The surprising inability of two major U.S. retailers to...

Only two Asia-Pacific markets are in positive territory so far this year

by
May 19, 2022
0

In this article .STI .JKSE As of the Wednesday market close, Singapore's Straits Times index is in first place regionally,...

Asia stock markets sell off; Hong Kong’s Hang Seng down 3% and Tencent shares plunge 8%

by
May 19, 2022
0

SINGAPORE -- Shares in Asia-Pacific slipped Thursday morning after heavy losses on Wall Street overnight. The Nikkei 225 in Japan...

Stock futures dip slightly after Dow’s worst day since 2020

by
May 19, 2022
0

Traders work on the floor of the New York Stock Exchange (NYSE) on May 18, 2022 in New York City....

Next Post

"The deal of the Century ..."

7 Cryptos to Buy That Have Millionaire-Maker Potential

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

email

Get the daily email about stock.

Please Enter Your Email Address:



By opting in you agree to our Privacy Policy. You also agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

MOST VIEWED

  • Fund manager believes FAANG is dead — says now it’s all about MANTA

    0 shares
    Share 0 Tweet 0
  • Forget Tesla — this auto stock is the one to buy right now, analyst says

    0 shares
    Share 0 Tweet 0
  • Bank of America names its top global tech stocks — including one it says has upside of 100%

    0 shares
    Share 0 Tweet 0
  • ‘Conviction sell’: UBS says avoid these global stocks amid rising headwinds

    0 shares
    Share 0 Tweet 0
  • These are the global stocks to own if stagflation hits, according to Credit Suisse

    0 shares
    Share 0 Tweet 0
  • Home
  • Trade News
  • Email Whitelisting
  • Privacy Policy
All rights reserved by www.magicaltrade.net
No Result
View All Result
  • Email Whitelisting
  • Home
  • Privacy Policy

All rights reserved by www.magicaltrade.net