Today's pre-market stock movers: GS, BA, BAC, BABA and more
Gainers:
In reaction to earnings/guidance:
• $The ODP(ODP.US$ +8.03% (The ODP Corporation gains on guiding Q2 and FY22 earnings above the consensus; to buyback shares of $600M)
• $Synchrony Financial(SYF.US$ +4.2%(The financial services company posted adjusted earnings per share of $1.60 for the June ended quarter, beating analysts' estimates of $1.41 per share, according to FactSet.)
• $Goldman Sachs(GS.US$ +4.2% (Goldman Sachs beats Wall Street earnings and revenue targets, shares rise)
Select Index ETFs showing strength:
• QQQ +12%,IWM+1.1%,DIA+1.1%,SPY+1%
Select semiconductor stocks trading higher:
• $NVIDIA(NVDA.US$ +2.8%, $Advanced Micro Devices(AMD.US$ +2.1%, $Micron Technology(MU.US$ +1.7%, $VanEck Semiconductor ETF(SMH.US$ +1.6%, $Skyworks Solutions(SWKS.US$ +1.4%, $NXP Semiconductors(NXPI.US$ +1.3%
Other news:
• $Qudian(QD.US$ +57.1% (Provides QD food progress report; as of July 18, 2022, the Company has 15 warehousing, assembly and packaging facilities)
• $Advent Technologies(ADN.US$ +24.3% (announces that its Green HiPo project under the framework of the Important Projects of Common European Interest Hydrogen -- Technology, has now received official ratification from the European Commission of the European Union)
• $ITHAX Acquisition Corp(ITHX.US$ +20.7% (shareholders approve previously announced business combination with Mondee Holdings II)
• $ArcLight Clean(ACTD.US$ +7% (receives shareholder approval for business combination with OPAL Fuels)
• $Primo Water(PRMW.US$ +4.9% (announced that Primo Water North America, a wholly-owned subsidiary of Primo, has acquired Highland Mountain Water, located in Atlanta, Georgia)
• $Boeing(BA.US$ +3.8% (Delta Air Lines to modernize single-aisle fleet with up to 130 Boeing (BA) 737 MAX jets; also BA forecasts demand for more than 41K new airplanes by 2041)
• $JD.com(JD.US$ +3.5%, $KraneShares CSI China Internet ETF(KWEB.US$ +2.9%, $Alibaba(BABA.US$ +2.8%, $Baidu(BIDU.US$ +2.6%, $Trip.com(TCOM.US$ +2.2% (positive Barrons article)
Losers:
In reaction to earnings/guidance:
• $Bank of America(BAC.US$ -0.9% (The second-largest U.S. bank earned $6.2 billion, down from $9.2 billion a year earlier. Per-share earnings of 73 cents missed the 75 cents that analysts polled by FactSet had expected.)
Other news:
• $Air Lease Corp(AL.US$ -3% (announced long-term lease placements for six new Airbus (EADSY) A220-300 aircraft with TAAG Angola Airline)
• $Funko(FNKO.US$ -2% (files for $100 mln mixed securities shelf offering; also files for 17,318,008 share common stock offering by selling shareholders)
• $Evelo Biosciences(EVLO.US$ -0.9% (announces appointment of Marella Thorell as Chief Financial Officer)
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