Today's pre-market stock movers: AMD, SBUX, ABNB, MRNA and more

Moomoo Breakfast USwrote a column05/04/2022 20:22

Gainers:

• $Livent(LTHM.US)$ +22.58% (it posted better-than-expected quarterly earnings and raised its 2022 revenue forecast)

• $Super Micro Computer(SMCI.US)$ +11.01% (earnings reports)

• $Oatly Group AB(OTLY.US)$ +8.31% (earnings reports)

• $BlueLinx Holdings(BXC.US)$ +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)

• $loanDepot(LDI.US)$ +6.3% (announces planned launch of all-digital mello HELOC)

• $Airbnb(ABNB.US)$ +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)

• $Masonite(DOOR.US)$ +3.8% (earnings reports)

• $Moderna(MRNA.US)$ +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)

• $Nasdaq(NDAQ.US)$ +1.4% (reports April metrics)

Analyst comments:

• $The Scotts Miracle(SMG.US)$ +3.9% (upgraded to Overweight from Neutral at JP Morgan)

• $Marqeta(MQ.US)$ +1.2% (initiated with an Outperform at Credit Suisse)

Losers:

• $Connect Biopharma(CNTB.US)$ -38.14% (announces top-line results for Phase 2 trial for CBP-307)

• $Kezar Life Sciences(KZR.US)$ -31.82% (announces topline results from PRESIDIO Phase 2 trial of zetomipzomib)

• $Iamgold(IAG.US)$ -26.5% (earnings reports)

• $Lyft Inc(LYFT.US)$ -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)

• $DiDi Global (Delisted)(DIDI.US)$ -6% (SEC has made inquiries regarding its IPO)

• $Tejon Ranch(TRC.US)$ -4.1% (files for $200 mln mixed securities shelf offering)

• $Phathom Pharmaceuticals(PHAT.US)$ -4% (FDA approves VOQUEZNA for H. pylori infection)

• $Purple Innovation(PRPL.US)$ -1.5% (names new COO)

• $Uber Technologies(UBER.US)$ -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)

• $Carvana(CVNA.US)$ -2.8% (downgraded to Equal-Weight from Overweight at Morgan Stanley)

• $Leggett & Platt(LEG.US)$ -2% (downgraded to Mkt Perform from Outperform at Raymond James)

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