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2023-08-08
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Pre-Bell｜Dow Futures Lost 250 Points; This EV Stock Filing for Bankruptcy Tumbled 66%
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Moody’s downgraded the credit rating on several banks, including M&T Bank and Pinnacle Financial. Th","content":"<html><head></head><body><p>U.S. stock index futures retreated Tuesday as a decline in bank shares dampened investor sentiment. Moody’s downgraded the credit rating on several banks, including M&T Bank and Pinnacle Financial. The credit agency also placed Bank of N.Y. Mellon and State Street on review for a downgrade.</p><h2 id=\"id_2471614003\">Market Snapshot</h2><p>At 08:20 a.m. ET, Dow e-minis were down 259 points, or 0.73%, S&P 500 e-minis were down 36.5 points, or 0.8%, and Nasdaq 100 e-minis were down 133.5 points, or 0.86%.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/237661d13cad871b568db6c1817f6fbe\" tg-width=\"288\" tg-height=\"137\"/></p><h2 id=\"id_2021738474\">Pre-Market Movers</h2><p><strong><a href=\"https://laohu8.com/S/PLTR\">Palantir Technologies Inc.</a></strong> - Its Q2 revenue rose 13% to $533.3 million, which was only slightly above estimates of $532.7 million, according to Refinitiv data. Its adjusted profit per share was in-line with expectations. Stocks slid nearly 2% in premarket trading.</p><p style=\"text-align: start;\"><strong><a href=\"https://laohu8.com/S/LCID\">Lucid Group Inc</a></strong> - It reported a wider-than-expected second-quarter loss and sales that missed estimates, the company remained on track for production of more than 10,000 units in 2023. The stock slid slightly in premarket trading.</p><p style=\"text-align: start;\"><strong><a href=\"https://laohu8.com/S/PTRA\">Proterra Inc.</a></strong> - It voluntarily filed for Chapter 11 bankruptcy in Delaware on Monday to strengthen its financial position "through a recapitalization or going-concern sale." Stocks tumbled over 66% in premarket trading.</p><p style=\"text-align: start;\"><strong><a href=\"https://laohu8.com/S/UPST\">Upstart Holdings, Inc.</a></strong> - Morgan Stanley reiterated a sell-equivalent rating and urged investors to sell the stock after its recent rally, and the company will release its financial results after the market closes on Tuesday. Stocks slipped over 6% in premarket trading.</p><p><strong><a href=\"https://laohu8.com/S/YELL\">Yellow Corporation</a></strong> - It got a last-gasp loan from creditors led by Apollo Global Management Inc. buys the company time to sell off its rigs and terminals — but the $142.5 million won’t come cheap for the failed trucker. Stocks slid over 2% in premarket trading.</p><p><strong><a href=\"https://laohu8.com/S/TLRY\">Tilray Inc.</a></strong> - It would buy eight beer and beverage brands from Anheuser-Busch InBev in a cash transaction. The company didn't disclose the terms of the deal, which includes brands such as Shock Top and Breckenridge Brewery. Stocks surged over 11% in premarket trading.</p><p><strong><a href=\"https://laohu8.com/S/LI\">Li Auto</a></strong> - It beats Q2 top and bottom line estimates; expects Q3 deliveries of vehicles to be between 100,000 and 103,000 vehicles, representing an increase of 277.0% to 288.3% from the third quarter of 2022. Stocks rose 1.9% in premarket trading.</p><p style=\"text-align: start;\"><strong><a href=\"https://laohu8.com/S/BYND\">Beyond Meat, Inc.</a></strong> - Its Q2 revenue dropped 30% to $102.1 million and the maker of plant-based meats reduced its revenue forecast for the year. Stocks rose 1.9% in premarket trading.</p><h2 id=\"id_3947653632\">Market News</h2><p><strong><a href=\"https://laohu8.com/S/AAPL\">Apple</a></strong> has begun testing its highest-end next-generation laptop processor, setting the stage for the release of its most powerful MacBook Pro ever next year. The new M3 Max chip includes 16 main processing cores and 40 graphics cores. The processor is at the heart of a high-end MacBook Pro laptop — a model codenamed J514 — that’s expected to debut next year.</p><p>Elon Musk's brain chip startup Neuralink has raised $280 million in a funding round led by Peter Thiel's Founders Fund, months after securing approval for its first in-human clinical trial.</p><p>A number of global investors including Warburg Pincus and Canada Pension Plan Investment Board are opting out of Ant Group Co.’s proposed share buyback after the Chinese fintech’s valuation was slashed by more than 70%, according to people familiar with the matter.</p><p><strong><a href=\"https://laohu8.com/S/PLTR\">Palantir Technologies Inc.</a></strong> slightly raised its annual revenue forecast on Monday and said it would buy back shares worth up to $1 billion, banking on growing demand for its artificial intelligence platform.</p><p><strong><a href=\"https://laohu8.com/S/COIN\">Coinbase Global, Inc.</a></strong> is offering to buy back some of its outstanding junk bonds as the world’s largest cryptocurrency trades near its highest value of the year, according to a statement Monday. It is offering to redeem as much as $150 million of its 3.625% notes due October 2031.</p><p><strong><a href=\"https://laohu8.com/S/ADBE\">Adobe</a></strong>’s $20 billion takeover of Figma Inc. is set for an in-depth European Union investigation over concerns the deal could harm global competition for software used by designers.</p><p><strong><a href=\"https://laohu8.com/S/LCID\">Lucid Group Inc</a></strong> lost $764 million, or 40 cents a share, in the second quarter, compared with a loss of $220 million, or 33 cents a share, in the year-ago period. Revenue rose to $150.9 million, from $97 million a year ago.</p><p><strong><a href=\"https://laohu8.com/S/BYND\">Beyond Meat, Inc.</a></strong> reported a fiscal second-quarter net loss of $53.5 million, or 83 cents a share, compared with a net loss of $97.1 million, or $1.53 a share, in the year-ago quarter. Net revenue plunged 30% to $102.1 million from $147 million a year ago.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPre-Bell｜Dow Futures Lost 250 Points; This EV Stock Filing for Bankruptcy Tumbled 66%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2023-08-08 20:22</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>U.S. stock index futures retreated Tuesday as a decline in bank shares dampened investor sentiment. Moody’s downgraded the credit rating on several banks, including M&T Bank and Pinnacle Financial. The credit agency also placed Bank of N.Y. Mellon and State Street on review for a downgrade.</p><h2 id=\"id_2471614003\">Market Snapshot</h2><p>At 08:20 a.m. ET, Dow e-minis were down 259 points, or 0.73%, S&P 500 e-minis were down 36.5 points, or 0.8%, and Nasdaq 100 e-minis were down 133.5 points, or 0.86%.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/237661d13cad871b568db6c1817f6fbe\" tg-width=\"288\" tg-height=\"137\"/></p><h2 id=\"id_2021738474\">Pre-Market Movers</h2><p><strong><a href=\"https://laohu8.com/S/PLTR\">Palantir Technologies Inc.</a></strong> - Its Q2 revenue rose 13% to $533.3 million, which was only slightly above estimates of $532.7 million, according to Refinitiv data. Its adjusted profit per share was in-line with expectations. Stocks slid nearly 2% in premarket trading.</p><p style=\"text-align: start;\"><strong><a href=\"https://laohu8.com/S/LCID\">Lucid Group Inc</a></strong> - It reported a wider-than-expected second-quarter loss and sales that missed estimates, the company remained on track for production of more than 10,000 units in 2023. The stock slid slightly in premarket trading.</p><p style=\"text-align: start;\"><strong><a href=\"https://laohu8.com/S/PTRA\">Proterra Inc.</a></strong> - It voluntarily filed for Chapter 11 bankruptcy in Delaware on Monday to strengthen its financial position "through a recapitalization or going-concern sale." Stocks tumbled over 66% in premarket trading.</p><p style=\"text-align: start;\"><strong><a href=\"https://laohu8.com/S/UPST\">Upstart Holdings, Inc.</a></strong> - Morgan Stanley reiterated a sell-equivalent rating and urged investors to sell the stock after its recent rally, and the company will release its financial results after the market closes on Tuesday. Stocks slipped over 6% in premarket trading.</p><p><strong><a href=\"https://laohu8.com/S/YELL\">Yellow Corporation</a></strong> - It got a last-gasp loan from creditors led by Apollo Global Management Inc. buys the company time to sell off its rigs and terminals — but the $142.5 million won’t come cheap for the failed trucker. Stocks slid over 2% in premarket trading.</p><p><strong><a href=\"https://laohu8.com/S/TLRY\">Tilray Inc.</a></strong> - It would buy eight beer and beverage brands from Anheuser-Busch InBev in a cash transaction. The company didn't disclose the terms of the deal, which includes brands such as Shock Top and Breckenridge Brewery. Stocks surged over 11% in premarket trading.</p><p><strong><a href=\"https://laohu8.com/S/LI\">Li Auto</a></strong> - It beats Q2 top and bottom line estimates; expects Q3 deliveries of vehicles to be between 100,000 and 103,000 vehicles, representing an increase of 277.0% to 288.3% from the third quarter of 2022. Stocks rose 1.9% in premarket trading.</p><p style=\"text-align: start;\"><strong><a href=\"https://laohu8.com/S/BYND\">Beyond Meat, Inc.</a></strong> - Its Q2 revenue dropped 30% to $102.1 million and the maker of plant-based meats reduced its revenue forecast for the year. Stocks rose 1.9% in premarket trading.</p><h2 id=\"id_3947653632\">Market News</h2><p><strong><a href=\"https://laohu8.com/S/AAPL\">Apple</a></strong> has begun testing its highest-end next-generation laptop processor, setting the stage for the release of its most powerful MacBook Pro ever next year. The new M3 Max chip includes 16 main processing cores and 40 graphics cores. The processor is at the heart of a high-end MacBook Pro laptop — a model codenamed J514 — that’s expected to debut next year.</p><p>Elon Musk's brain chip startup Neuralink has raised $280 million in a funding round led by Peter Thiel's Founders Fund, months after securing approval for its first in-human clinical trial.</p><p>A number of global investors including Warburg Pincus and Canada Pension Plan Investment Board are opting out of Ant Group Co.’s proposed share buyback after the Chinese fintech’s valuation was slashed by more than 70%, according to people familiar with the matter.</p><p><strong><a href=\"https://laohu8.com/S/PLTR\">Palantir Technologies Inc.</a></strong> slightly raised its annual revenue forecast on Monday and said it would buy back shares worth up to $1 billion, banking on growing demand for its artificial intelligence platform.</p><p><strong><a href=\"https://laohu8.com/S/COIN\">Coinbase Global, Inc.</a></strong> is offering to buy back some of its outstanding junk bonds as the world’s largest cryptocurrency trades near its highest value of the year, according to a statement Monday. It is offering to redeem as much as $150 million of its 3.625% notes due October 2031.</p><p><strong><a href=\"https://laohu8.com/S/ADBE\">Adobe</a></strong>’s $20 billion takeover of Figma Inc. is set for an in-depth European Union investigation over concerns the deal could harm global competition for software used by designers.</p><p><strong><a href=\"https://laohu8.com/S/LCID\">Lucid Group Inc</a></strong> lost $764 million, or 40 cents a share, in the second quarter, compared with a loss of $220 million, or 33 cents a share, in the year-ago period. Revenue rose to $150.9 million, from $97 million a year ago.</p><p><strong><a href=\"https://laohu8.com/S/BYND\">Beyond Meat, Inc.</a></strong> reported a fiscal second-quarter net loss of $53.5 million, or 83 cents a share, compared with a net loss of $97.1 million, or $1.53 a share, in the year-ago quarter. Net revenue plunged 30% to $102.1 million from $147 million a year ago.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1169428227","content_text":"U.S. stock index futures retreated Tuesday as a decline in bank shares dampened investor sentiment. Moody’s downgraded the credit rating on several banks, including M&T Bank and Pinnacle Financial. The credit agency also placed Bank of N.Y. Mellon and State Street on review for a downgrade.Market SnapshotAt 08:20 a.m. ET, Dow e-minis were down 259 points, or 0.73%, S&P 500 e-minis were down 36.5 points, or 0.8%, and Nasdaq 100 e-minis were down 133.5 points, or 0.86%.Pre-Market MoversPalantir Technologies Inc. - Its Q2 revenue rose 13% to $533.3 million, which was only slightly above estimates of $532.7 million, according to Refinitiv data. Its adjusted profit per share was in-line with expectations. Stocks slid nearly 2% in premarket trading.Lucid Group Inc - It reported a wider-than-expected second-quarter loss and sales that missed estimates, the company remained on track for production of more than 10,000 units in 2023. The stock slid slightly in premarket trading.Proterra Inc. - It voluntarily filed for Chapter 11 bankruptcy in Delaware on Monday to strengthen its financial position \"through a recapitalization or going-concern sale.\" Stocks tumbled over 66% in premarket trading.Upstart Holdings, Inc. - Morgan Stanley reiterated a sell-equivalent rating and urged investors to sell the stock after its recent rally, and the company will release its financial results after the market closes on Tuesday. Stocks slipped over 6% in premarket trading.Yellow Corporation - It got a last-gasp loan from creditors led by Apollo Global Management Inc. buys the company time to sell off its rigs and terminals — but the $142.5 million won’t come cheap for the failed trucker. Stocks slid over 2% in premarket trading.Tilray Inc. - It would buy eight beer and beverage brands from Anheuser-Busch InBev in a cash transaction. The company didn't disclose the terms of the deal, which includes brands such as Shock Top and Breckenridge Brewery. Stocks surged over 11% in premarket trading.Li Auto - It beats Q2 top and bottom line estimates; expects Q3 deliveries of vehicles to be between 100,000 and 103,000 vehicles, representing an increase of 277.0% to 288.3% from the third quarter of 2022. Stocks rose 1.9% in premarket trading.Beyond Meat, Inc. - Its Q2 revenue dropped 30% to $102.1 million and the maker of plant-based meats reduced its revenue forecast for the year. Stocks rose 1.9% in premarket trading.Market NewsApple has begun testing its highest-end next-generation laptop processor, setting the stage for the release of its most powerful MacBook Pro ever next year. The new M3 Max chip includes 16 main processing cores and 40 graphics cores. The processor is at the heart of a high-end MacBook Pro laptop — a model codenamed J514 — that’s expected to debut next year.Elon Musk's brain chip startup Neuralink has raised $280 million in a funding round led by Peter Thiel's Founders Fund, months after securing approval for its first in-human clinical trial.A number of global investors including Warburg Pincus and Canada Pension Plan Investment Board are opting out of Ant Group Co.’s proposed share buyback after the Chinese fintech’s valuation was slashed by more than 70%, according to people familiar with the matter.Palantir Technologies Inc. slightly raised its annual revenue forecast on Monday and said it would buy back shares worth up to $1 billion, banking on growing demand for its artificial intelligence platform.Coinbase Global, Inc. is offering to buy back some of its outstanding junk bonds as the world’s largest cryptocurrency trades near its highest value of the year, according to a statement Monday. It is offering to redeem as much as $150 million of its 3.625% notes due October 2031.Adobe’s $20 billion takeover of Figma Inc. is set for an in-depth European Union investigation over concerns the deal could harm global competition for software used by designers.Lucid Group Inc lost $764 million, or 40 cents a share, in the second quarter, compared with a loss of $220 million, or 33 cents a share, in the year-ago period. Revenue rose to $150.9 million, from $97 million a year ago.Beyond Meat, Inc. reported a fiscal second-quarter net loss of $53.5 million, or 83 cents a share, compared with a net loss of $97.1 million, or $1.53 a share, in the year-ago quarter. Net revenue plunged 30% to $102.1 million from $147 million a year ago.","news_type":1},"isVote":1,"tweetType":1,"viewCount":135,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":206720367792360,"gmtCreate":1691499008213,"gmtModify":1691500099624,"author":{"id":"4154599808395782","authorId":"4154599808395782","name":"juno jullietta","avatar":"https://community-static.tradeup.com/news/fbddc72b09fc673ccec0d464ba35fed8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Sign me in 💟","listText":"Sign me in 💟","text":"Sign me in 💟","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/206720367792360","repostId":"1169428227","repostType":4,"isVote":1,"tweetType":1,"viewCount":135,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}