• 237
  • 49
  • Favorite

Toplines Before US Market Open on Monday

Tiger Newspress2022-01-10

U.S. stock index futures were subdued on Monday after posting losses for their first week of the new year, while big banks extended gains as U.S. Treasury yields climbed a new two-year high.

At 8:00 a.m. ET, Dow E-minis were down 63 points, or 0.17%, S&P 500 E-minis were down 22 points, or 0.47% and Nasdaq 100 E-minis were down 151.25 points, or 0.97%.

*Source From Tiger Trade, EST 08:00

The benchmark 10-year Treasury yield hit 1.80% in early trading - a level last seen in early 2020, having shot up 25 basis points last week in its biggest move since late 2019.read more

Big banks like JPMorgan Chase & Co(JPM.N), Goldman Sachs(GS.N), Bank of America Corp(BAC.N), Morgan Stanley(MS.N)and Citigroup Inc(C.N)gained between 0.3% and 0.8% in premarket trading.

Megacap growth companies including Apple Inc(AAPL.O), Amazon.com Inc , Microsoft Corp(MSFT.O), Meta Platforms Inc(FB.O)and Tesla Inc(TSLA.O)fell between 0.2% and 1.1%.

Goldman Sachs expects the Fed to raise rates four times in 2022, compared to its previous forecast of three.

Stocks making the biggest moves in the premarket:

Zynga (ZYNG) – The online game maker’s shares soared 48.2% in the premarket after it agreed to be acquired by video game makerTake-Two Interactive(TTWO)for $9.86 per share in cash and stock, implying a total deal value of $12.7 billion. Take-Two tumbled 8.9%.

Lululemon Athletica (LULU) – The athletic apparel maker said it now expects fourth-quarter earnings and revenue to come inat the low end of its projected ranges, saying it had experienced a number of negative consequences from the spread of the Covid-19 omicron variant. Lululemon slid 6.5% in premarket action.

Apria, Inc. (APR) – The home health care services provider agreed to be acquired by health-care equipment and services companyOwens & Minor(OMI) for about $1.45 billion in cash, or $37.50 per share. Apria had closed Friday at $29.72 per share, and its stock surged 24.5% in premarket trading. Owens & Minor shares slumped 9.1%.

Tilray Inc. (TLRY) – Tilray gained 3.6% in premarket trading after reporting an unexpected quarterly profit. Revenue increased by 20% from a year earlier on stronger demand for cannabis products, although its sales were below analysts’ forecasts.

Beam Therapeutics, Inc. (BEAM) – Beam shares jumped 5.3% in the premarket following the announcement of a new partnership withPfizer(PFE). Pfizer will collaborate with Beam – which specializes in gene editing – to develop therapies for rare genetic diseases.

Viacom CBS (VIAC) – ViacomCBS rallied 3.2% in the premarket after Deutsche Bank upgraded the media company’s stock to “buy” from “hold,” based on upbeat prospects for its streaming business and the likelihood of continuing industry consolidation.

Sinclair Broadcast (SBGI) – Sinclair is close to finalizing a deal to carry NBA games on its planned new streaming app, according to a Bloomberg report quoting people familiar with the matter. The deal could be announced as soon as this week. Sinclair gained 1.4% in premarket action.

SolarEdge (SEDG) – SolarEdge was added to the “Conviction Buy” list at Goldman Sachs, which raised the price target for the solar equipment company’s stock to $448 per share from $420 a share. Goldman cites improvements in battery storage capacity as well as the company’s prospects for increasing profit margins. SolarEdge rose 2.4% in the premarket.

Shockwave Medical, Inc . (SWAV) –Penumbra(PEN) is exploring a combination with its rival medical device maker, according to people with knowledge of the matter who spoke to Bloomberg. However, Penumbra told Bloomberg in an emailed statement that it is not in discussions with Shockwave to pursue a business combination or similar transaction. Shockwave jumped 6% in premarket trading.

Dell Technologies Inc. (DELL) – Bernstein upgraded Dell to “outperform” from “market perform,” noting Dell’s approximately six-week backlog in its PC business as well as a relatively high mix of commercial versus consumer business. Dell added 2.4% in the premarket.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment49

  • Jess261
    ·2022-01-11
    Okay 
    Reply
    Report
  • BKT
    ·2022-01-11
    Good. Pls like thanks.
    Reply
    Report
  • SY2811
    ·2022-01-11
    Good read
    Reply
    Report
  • HENRYCSC
    ·2022-01-10
    Thanks 
    Reply
    Report
  • SanWangtikup
    ·2022-01-10
    Good 
    Reply
    Report
  • 来人
    ·2022-01-10
    No..... 
    Reply
    Report
  • rexS
    ·2022-01-10
    Sadly, Tiger itself is too weak nowadays.. Hope it bounces back soon! 
    Reply
    Report
  • InvisibleP
    ·2022-01-10
    How is this week market? 
    Reply
    Report
  • CuriousPhD
    ·2022-01-10
    Like
    Reply
    Report
  • WYY21
    ·2022-01-10
    Like pls
    Reply
    Report
  • StefanieChua
    ·2022-01-10
    Likes 
    Reply
    Report
  • Txfen80
    ·2022-01-10
    Looks like another red sea tonight 
    Reply
    Report
  • Chrissssy
    ·2022-01-10
    Happy Monday!
    Reply
    Report
  • KennethLim
    ·2022-01-10
    Top
    Reply
    Report
  • leslielimsh
    ·2022-01-10
    Like my post
    Reply
    Report
  • psion
    ·2022-01-10
    Like and comment pl
    Reply
    Report
  • NPC69
    ·2022-01-10
    K
    Reply
    Report
  • thesushimao
    ·2022-01-10
    Wow pls like
    Reply
    Report
  • KCmax
    ·2022-01-10
    Please like, thank you 
    Reply
    Report
 
 
 
 

Most Discussed

 
 
 
 
 

7x24

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email:uservice@ttm.financial