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2022-05-16

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Pre-Bell｜Dow Futures Fell Following 7 Weeks of Losses; Twitter Once Tumbled Over 6%

U.S. Stock futures fell on Monday as the market attempts to rebound from a relentless sell-off that’

Pre-Bell｜Dow Futures Fell Following 7 Weeks of Losses; Twitter Once Tumbled Over 6%

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The Nasdaq Composite jumped 3.82% and posted its strongest one-day gain since November 2020.Market SnapshotAt 7:50 a.m. ET, Dow e-minis were down 47 points, or 0.15%, S&amp;P 500 e-minis were down 12.75 points, or 0.32%, and Nasdaq 100 e-minis were down 54.75 points, or 0.44%.<img src=\"https://static.tigerbbs.com/b541540d2527c5fe2db2f1b036bde35f\" tg-width=\"320\" tg-height=\"125\" width=\"100%\" height=\"auto\"/>Pre-Market Movers<a href=\"https://laohu8.com/S/SAVE\">Spirit Airlines</a> – Spirit Airlines surged 19.3% in premarket trading after JetBlue(JBLU)launched a $30 per share tender offer for its rival airline. Spirit had rejected a prior bid by JetBlue, preferring to keep a previously struck deal to merge with Frontier Airlines parent Frontier Group(ULCC). Frontier shares jumped 5.5% while JetBlue was down 0.6%.<a href=\"https://laohu8.com/S/CVNA\">Carvana Co.</a> – Carvana shares rallied 13.3% in premarket action after the used car retailer forecast significant core earnings for 2023. In a Securities and Exchange Commission filing, Carvana also detailed its plans to cut costs.<a href=\"https://laohu8.com/S/WRBY\">Warby Parker Inc.</a> – The eyewear retailer’s stock slipped 3.8% in the premarket after the company reported an unexpected quarterly loss as well as revenue that came in slightly below forecasts. Warby Parker reiterated its prior full-year outlook.<a href=\"https://laohu8.com/S/TWTR\">Twitter</a> – Twitter once fell over 6% in the premarket, amid speculation about whether Elon Musk will complete his takeover deal for the social media platform. Musk tweeted over the weekend that Twitter’s lawyers told him he had violated a non-disclosure agreement by revealing sample sizes used by Twitter when it analyzes spam accounts.<a href=\"https://laohu8.com/S/NFLX\">Netflix</a> – Netflix added 1.8% in premarket trading after Wedbush upgraded the stock to “outperform” from “neutral.” The firm said the staggered release of shows like “Ozark” and “Stranger Things” will help reduce churn and that it believes Netflix is once again positioned to grow.<a href=\"https://laohu8.com/S/RIVN\">Rivian Automotive, Inc.</a> –Ford Motor(F) sold another 7 million shares of the electric vehicle maker, according to an SEC filing. That follows the sale of 8 million shares last week, with the two sales leaving Ford with a 9.7% stake. Rivian lost 1.1% in premarket trading.<a href=\"https://laohu8.com/S/SOFI\">SoFi Technologies Inc.</a> – The fintech firm’s shares rallied 4.2% in the premarket after Piper Sandler upgraded it to “overweight” from “neutral.” The firm said SoFi will benefit from rapid growth in deposits, the expiration of the student loan moratorium and revenue growth in financial services.<a href=\"https://laohu8.com/S/MANT\">Mantech</a> –Carlyle Group(CG) is close to finalizing a roughly $4 billion buyout of defense contractor ManTech, according to people familiar with the matter who spoke to Bloomberg. A deal could be announced as soon as this week.<a href=\"https://laohu8.com/S/TTD\">Trade Desk Inc.</a> – The programmatic advertising company’s stock added 3.3% in premarket trading after Stifel Financial upgraded it to “buy” from “hold” and increased its price target to $80 per share from $50 a share. Stifel said The Trade Desk will benefit from the addition of ad-supported versions of Netflix and Disney+.Market NewsThe United States and European Union will announce a joint effort to avert a “subsidy race” as they scramble to boost production of scarce semiconductor chips, a senior Biden administration official said.Recently, <a href=\"https://laohu8.com/S/TSLA\">Tesla Motors</a> filed a recall plan with the China Administration of market supervision and administration. Since May 23, 2022, 107,293 domestic Model 3 and Model y electric vehicles with production dates from October 19, 2021 to April 26, 2022 have been recalled.<a href=\"https://laohu8.com/S/MCD\">McDonald&#39;s</a> has initiated a process to sell its entire portfolio of Russian business to a local buyer following its announcement on March 8, 2022 to temporarily closed restaurants in Russia and paused operations in the market.<a href=\"https://laohu8.com/S/F\">Ford</a> sold an additional 7 million shares of electric-car maker Rivian on Friday for about $188 million after dumping 8M shares earlier in the week following IPO lockup period expiration.<a href=\"https://laohu8.com/S/JBLU\">JetBlue Airways</a> plans to launch a hostile takeover attempt for discount carrier Spirit Airlines Inc., according to people familiar with the matter, after Spirit rejected JetBlue&#39;s $3.6 billion offer in favor of an existing deal with Frontier Airlines.With equity &#34;valuations now more attractive, equity markets so oversold and rates potentially stabilizing below 3%, stocks appear to have begun another material bear market rally,&#34; <a href=\"https://laohu8.com/S/MS\">Morgan Stanley</a> strategist Mike Wilson says.<a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>&#39;s equity strategy team cut its end-2022 target for the S&amp;P 500 to 4,300 from 4,700, noting investors have been &#34;mauled&#34; since the Jan. 3 peak for the index.</body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Pre-Bell｜Dow Futures Fell Following 7 Weeks of Losses; Twitter Once Tumbled Over 6%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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The Nasdaq Composite jumped 3.82% and posted its strongest one-day gain since November 2020.Market SnapshotAt 7:50 a.m. ET, Dow e-minis were down 47 points, or 0.15%, S&amp;P 500 e-minis were down 12.75 points, or 0.32%, and Nasdaq 100 e-minis were down 54.75 points, or 0.44%.<img src=\"https://static.tigerbbs.com/b541540d2527c5fe2db2f1b036bde35f\" tg-width=\"320\" tg-height=\"125\" width=\"100%\" height=\"auto\"/>Pre-Market Movers<a href=\"https://laohu8.com/S/SAVE\">Spirit Airlines</a> – Spirit Airlines surged 19.3% in premarket trading after JetBlue(JBLU)launched a $30 per share tender offer for its rival airline. Spirit had rejected a prior bid by JetBlue, preferring to keep a previously struck deal to merge with Frontier Airlines parent Frontier Group(ULCC). Frontier shares jumped 5.5% while JetBlue was down 0.6%.<a href=\"https://laohu8.com/S/CVNA\">Carvana Co.</a> – Carvana shares rallied 13.3% in premarket action after the used car retailer forecast significant core earnings for 2023. In a Securities and Exchange Commission filing, Carvana also detailed its plans to cut costs.<a href=\"https://laohu8.com/S/WRBY\">Warby Parker Inc.</a> – The eyewear retailer’s stock slipped 3.8% in the premarket after the company reported an unexpected quarterly loss as well as revenue that came in slightly below forecasts. Warby Parker reiterated its prior full-year outlook.<a href=\"https://laohu8.com/S/TWTR\">Twitter</a> – Twitter once fell over 6% in the premarket, amid speculation about whether Elon Musk will complete his takeover deal for the social media platform. Musk tweeted over the weekend that Twitter’s lawyers told him he had violated a non-disclosure agreement by revealing sample sizes used by Twitter when it analyzes spam accounts.<a href=\"https://laohu8.com/S/NFLX\">Netflix</a> – Netflix added 1.8% in premarket trading after Wedbush upgraded the stock to “outperform” from “neutral.” The firm said the staggered release of shows like “Ozark” and “Stranger Things” will help reduce churn and that it believes Netflix is once again positioned to grow.<a href=\"https://laohu8.com/S/RIVN\">Rivian Automotive, Inc.</a> –Ford Motor(F) sold another 7 million shares of the electric vehicle maker, according to an SEC filing. That follows the sale of 8 million shares last week, with the two sales leaving Ford with a 9.7% stake. Rivian lost 1.1% in premarket trading.<a href=\"https://laohu8.com/S/SOFI\">SoFi Technologies Inc.</a> – The fintech firm’s shares rallied 4.2% in the premarket after Piper Sandler upgraded it to “overweight” from “neutral.” The firm said SoFi will benefit from rapid growth in deposits, the expiration of the student loan moratorium and revenue growth in financial services.<a href=\"https://laohu8.com/S/MANT\">Mantech</a> –Carlyle Group(CG) is close to finalizing a roughly $4 billion buyout of defense contractor ManTech, according to people familiar with the matter who spoke to Bloomberg. A deal could be announced as soon as this week.<a href=\"https://laohu8.com/S/TTD\">Trade Desk Inc.</a> – The programmatic advertising company’s stock added 3.3% in premarket trading after Stifel Financial upgraded it to “buy” from “hold” and increased its price target to $80 per share from $50 a share. Stifel said The Trade Desk will benefit from the addition of ad-supported versions of Netflix and Disney+.Market NewsThe United States and European Union will announce a joint effort to avert a “subsidy race” as they scramble to boost production of scarce semiconductor chips, a senior Biden administration official said.Recently, <a href=\"https://laohu8.com/S/TSLA\">Tesla Motors</a> filed a recall plan with the China Administration of market supervision and administration. Since May 23, 2022, 107,293 domestic Model 3 and Model y electric vehicles with production dates from October 19, 2021 to April 26, 2022 have been recalled.<a href=\"https://laohu8.com/S/MCD\">McDonald&#39;s</a> has initiated a process to sell its entire portfolio of Russian business to a local buyer following its announcement on March 8, 2022 to temporarily closed restaurants in Russia and paused operations in the market.<a href=\"https://laohu8.com/S/F\">Ford</a> sold an additional 7 million shares of electric-car maker Rivian on Friday for about $188 million after dumping 8M shares earlier in the week following IPO lockup period expiration.<a href=\"https://laohu8.com/S/JBLU\">JetBlue Airways</a> plans to launch a hostile takeover attempt for discount carrier Spirit Airlines Inc., according to people familiar with the matter, after Spirit rejected JetBlue&#39;s $3.6 billion offer in favor of an existing deal with Frontier Airlines.With equity &#34;valuations now more attractive, equity markets so oversold and rates potentially stabilizing below 3%, stocks appear to have begun another material bear market rally,&#34; <a href=\"https://laohu8.com/S/MS\">Morgan Stanley</a> strategist Mike Wilson says.<a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>&#39;s equity strategy team cut its end-2022 target for the S&amp;P 500 to 4,300 from 4,700, noting investors have been &#34;mauled&#34; since the Jan. 3 peak for the index.</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":"1143124546","content_text":"U.S. Stock futures fell on Monday as the market attempts to rebound from a relentless sell-off that’s punished tech stocks and pushed the S&P 500 to the brink of a bear market.Monday’s losses come after a comeback attempt on Friday, where the Dow rose 466.36 points, while the S&P 500 climbed 2.39%. The Nasdaq Composite jumped 3.82% and posted its strongest one-day gain since November 2020.Market SnapshotAt 7:50 a.m. ET, Dow e-minis were down 47 points, or 0.15%, S&P 500 e-minis were down 12.75 points, or 0.32%, and Nasdaq 100 e-minis were down 54.75 points, or 0.44%.Pre-Market MoversSpirit Airlines – Spirit Airlines surged 19.3% in premarket trading after JetBlue(JBLU)launched a $30 per share tender offer for its rival airline. Spirit had rejected a prior bid by JetBlue, preferring to keep a previously struck deal to merge with Frontier Airlines parent Frontier Group(ULCC). Frontier shares jumped 5.5% while JetBlue was down 0.6%.Carvana Co. – Carvana shares rallied 13.3% in premarket action after the used car retailer forecast significant core earnings for 2023. In a Securities and Exchange Commission filing, Carvana also detailed its plans to cut costs.Warby Parker Inc. – The eyewear retailer’s stock slipped 3.8% in the premarket after the company reported an unexpected quarterly loss as well as revenue that came in slightly below forecasts. Warby Parker reiterated its prior full-year outlook.Twitter – Twitter once fell over 6% in the premarket, amid speculation about whether Elon Musk will complete his takeover deal for the social media platform. Musk tweeted over the weekend that Twitter’s lawyers told him he had violated a non-disclosure agreement by revealing sample sizes used by Twitter when it analyzes spam accounts.Netflix – Netflix added 1.8% in premarket trading after Wedbush upgraded the stock to “outperform” from “neutral.” The firm said the staggered release of shows like “Ozark” and “Stranger Things” will help reduce churn and that it believes Netflix is once again positioned to grow.Rivian Automotive, Inc. –Ford Motor(F) sold another 7 million shares of the electric vehicle maker, according to an SEC filing. That follows the sale of 8 million shares last week, with the two sales leaving Ford with a 9.7% stake. Rivian lost 1.1% in premarket trading.SoFi Technologies Inc. – The fintech firm’s shares rallied 4.2% in the premarket after Piper Sandler upgraded it to “overweight” from “neutral.” The firm said SoFi will benefit from rapid growth in deposits, the expiration of the student loan moratorium and revenue growth in financial services.Mantech –Carlyle Group(CG) is close to finalizing a roughly $4 billion buyout of defense contractor ManTech, according to people familiar with the matter who spoke to Bloomberg. A deal could be announced as soon as this week.Trade Desk Inc. – The programmatic advertising company’s stock added 3.3% in premarket trading after Stifel Financial upgraded it to “buy” from “hold” and increased its price target to $80 per share from $50 a share. Stifel said The Trade Desk will benefit from the addition of ad-supported versions of Netflix and Disney+.Market NewsThe United States and European Union will announce a joint effort to avert a “subsidy race” as they scramble to boost production of scarce semiconductor chips, a senior Biden administration official said.Recently, Tesla Motors filed a recall plan with the China Administration of market supervision and administration. Since May 23, 2022, 107,293 domestic Model 3 and Model y electric vehicles with production dates from October 19, 2021 to April 26, 2022 have been recalled.McDonald's has initiated a process to sell its entire portfolio of Russian business to a local buyer following its announcement on March 8, 2022 to temporarily closed restaurants in Russia and paused operations in the market.Ford sold an additional 7 million shares of electric-car maker Rivian on Friday for about $188 million after dumping 8M shares earlier in the week following IPO lockup period expiration.JetBlue Airways plans to launch a hostile takeover attempt for discount carrier Spirit Airlines Inc., according to people familiar with the matter, after Spirit rejected JetBlue's $3.6 billion offer in favor of an existing deal with Frontier Airlines.With equity \"valuations now more attractive, equity markets so oversold and rates potentially stabilizing below 3%, stocks appear to have begun another material bear market rally,\" Morgan Stanley strategist Mike Wilson says.Goldman Sachs's equity strategy team cut its end-2022 target for the S&P 500 to 4,300 from 4,700, noting investors have been \"mauled\" since the Jan. 3 peak for the index.","news_type":1},"isVote":1,"tweetType":1,"viewCount":375,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":4,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":101803911,"commentId":"101803911","gmtCreate":1652705455823,"gmtModify":1663249465039,"authorId":4098570453488480,"author":{"id":4098570453488480,"idStr":"4098570453488480","authorId":4098570453488480,"name":"saimatkong","avatar":"https://static.tigerbbs.com/b8d1b9ca3ba9544668bb6102b2970468","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9029021300,"objectIdStr":"9029021300","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":".","text":".","html":".","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0}],"hasMoreComment":true,"orderType":2}