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2022-08-02

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Pre-Bell｜Dow Futures Slid Over 150 Points; This Chinese Stock Surged 300% with Its Branch Gaining 10500% in 13 Days

U.S. stock futures fell Tuesday morning as geopolitical tensions escalate. The S&P, Dow, and Nasdaq

Pre-Bell｜Dow Futures Slid Over 150 Points; This Chinese Stock Surged 300% with Its Branch Gaining 10500% in 13 Days

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Caterpillar’s sales were hurt by its exit from Russia as well as supply chain issues, and it also saw elevated costs during the quarter.<a href=\"https://laohu8.com/S/UBER\">Uber</a> – Uber reported a quarterly loss of $1.33 per share, including the impact of a $1.7 billion headwind from a drop in the value of its investments. The ride-hailing company’s revenue did come in better than expected, and it turned cash flow positive for the first time. Its shares rallied 10.8% in premarket action.<a href=\"https://laohu8.com/S/PINS\">Pinterest, Inc.</a> – Pinterest shares soared 18.6% in premarket trading following its quarterly results and the news that activist investor Elliott Management is now the image-sharing site’s largest shareholder. Pinterest reported lower-than-expected earnings, but revenue was only slightly below forecasts and user numbers were somewhat better than expected.<a href=\"https://laohu8.com/S/RCL\">Royal Caribbean Cruises</a> – Royal Caribbean fell 1.2% in premarket action after it announced the pricing of an upsized $1 billion debt offering. The cruise line operator will use the proceeds to refinance existing convertible notes.<a href=\"https://laohu8.com/S/SPG\">Simon Property</a> – The shopping mall operator reported better-than-expected quarterly earnings, although its revenue was slightly below Street forecasts. Simon CEO David Simon said mall sales are doing well despite inflation concerns and that the company is positioned to do well in a potential recession. Simon shares added 2.2% in the premarket.<a href=\"https://laohu8.com/S/COWN\">Cowen</a> – The financial services firm’s shares rallied 7.5% on news that it agreed to be acquired byTD Bank(TD) for $39 per share or $1.3 billion in cash.<a href=\"https://laohu8.com/S/CAR\">Avis Budget</a> – The rental car company’s stock jumped 4% in premarket trading after it reported better-than-expected quarterly results. Avis Budget said it benefited from strong demand and “stringent” cost controls.<a href=\"https://laohu8.com/S/ANET\">Arista Networks</a> – The cybersecurity firm reported better-than-expected profit and revenue for its most recent quarter and gave upbeat revenue guidance for the current period. Arista’s results got a boost from strong demand from cloud and data center customers, and its stock gained 5.4% in premarket action.<a href=\"https://laohu8.com/S/ZI\">ZoomInfo Technologies Inc.</a> – The business software company’s stock surged 11.3% in the premarket after it reported better-than-expected quarterly results and raised its full-year guidance.<a href=\"https://laohu8.com/S/AMTD\">AMTD International</a> – It rose 294.2% to $8.20 in pre-market trading after jumping 18% on Monday. The company owns 90%+ of AMTD Digital. While the latter one rose 11.32% after gaining 10500% in 13 days and its market value reached $150 billion.Market News<a href=\"https://laohu8.com/S/PINS\">Pinterest, Inc.</a> reported a Q2 loss of $43.1 million, or 7 cents a share, on sales of $665.9 million, up from $613 million a year ago. Global active users declined 5% to 433 million year-over-year but were flat from the previous quarter, beating expectations for a sequential decline.<a href=\"https://laohu8.com/S/BP\">BP PLC</a> reported that its net income was $9.26 billion compared with a net loss of $20.38 billion inQ1. It raised the dividend to 6.006 cents a share from 5.460 cents in the previous quarter.<a href=\"https://laohu8.com/S/TWTR\">Twitter</a> is probing associates of Elon Musk and other information in a series of far-reaching legal requests about the billionaire’s $44 billion deal to acquire the social media company.California’s governor on Monday declared a state of emergency to speed efforts to combat the monkeypox outbreak, becoming the second state in three days to take the step.<a href=\"https://laohu8.com/S/ATVI\">Activision Blizzard</a> reported in-line second-quarter earnings per share of $0.48 on revenue of $1.64 billion, which was ahead of expectations for $1.57 billion.Net bookings, the number of products and services sold digitally or sold-in physically, fell to $1.64 billion from $1.94 billion in the prior-year period.<a href=\"https://laohu8.com/S/EL\">Estee Lauder</a> has entered into talks to purchase luxury fashion brand, Tom Ford. The potential deal with Tom Ford could be worth as much as $3 billion and would represent Estee Lauder’s largest-ever acquisition.<a href=\"https://laohu8.com/S/UBER\">Uber</a> generated free cash flow of $382 million in Q2, the number of drivers and delivery agents on its platform rose 31% to an all-time high of almost 5 million.It now expects adjusted EBITDA of between $440 million and $470 million for Q3.<a href=\"https://laohu8.com/S/CAT\">Caterpillar</a>&#39;s revenue for the quarter through June rose to $14.25 billion from $12.89 billion a year ago. Adjusted profit rose to $3.18 per share from $2.60 per share.</body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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color:#2a4b87;}\n.meta .head { display: inline-block; 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 Slid Over 150 Points; This Chinese Stock Surged 300% with Its Branch Gaining 10500% in 13 Days\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\">\nTiger Newspress \n2022-08-02 20:09\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body>U.S. stock futures fell Tuesday morning as geopolitical tensions escalate. The S&amp;P, Dow, and Nasdaq each hinge on their 100-day moving average lines and are fighting to break higher in a constant battle with the bears. Traders are also awaiting another raft of earnings from companies such as Starbucks, PayPal and Advanced Micro Devices.Market SnapshotAt 7:50 a.m. ET, Dow e-minis were down 166 points, or 0.51%, S&amp;P 500 e-minis were down 23.75 points, or 0.58%, and Nasdaq 100 e-minis were down 92.25 points, or 0.71%.<img src=\"https://static.tigerbbs.com/ca49ac0740a98da12019c06ebe1207f9\" tg-width=\"264\" tg-height=\"128\" referrerpolicy=\"no-referrer\"/>Pre-Market Movers<a href=\"https://laohu8.com/S/CAT\">Caterpillar</a> – The heavy equipment maker’s stock fell 3.7% in the premarket after its quarterly earnings beat forecasts but revenue was slightly short of consensus. Caterpillar’s sales were hurt by its exit from Russia as well as supply chain issues, and it also saw elevated costs during the quarter.<a href=\"https://laohu8.com/S/UBER\">Uber</a> – Uber reported a quarterly loss of $1.33 per share, including the impact of a $1.7 billion headwind from a drop in the value of its investments. The ride-hailing company’s revenue did come in better than expected, and it turned cash flow positive for the first time. Its shares rallied 10.8% in premarket action.<a href=\"https://laohu8.com/S/PINS\">Pinterest, Inc.</a> – Pinterest shares soared 18.6% in premarket trading following its quarterly results and the news that activist investor Elliott Management is now the image-sharing site’s largest shareholder. Pinterest reported lower-than-expected earnings, but revenue was only slightly below forecasts and user numbers were somewhat better than expected.<a href=\"https://laohu8.com/S/RCL\">Royal Caribbean Cruises</a> – Royal Caribbean fell 1.2% in premarket action after it announced the pricing of an upsized $1 billion debt offering. The cruise line operator will use the proceeds to refinance existing convertible notes.<a href=\"https://laohu8.com/S/SPG\">Simon Property</a> – The shopping mall operator reported better-than-expected quarterly earnings, although its revenue was slightly below Street forecasts. Simon CEO David Simon said mall sales are doing well despite inflation concerns and that the company is positioned to do well in a potential recession. Simon shares added 2.2% in the premarket.<a href=\"https://laohu8.com/S/COWN\">Cowen</a> – The financial services firm’s shares rallied 7.5% on news that it agreed to be acquired byTD Bank(TD) for $39 per share or $1.3 billion in cash.<a href=\"https://laohu8.com/S/CAR\">Avis Budget</a> – The rental car company’s stock jumped 4% in premarket trading after it reported better-than-expected quarterly results. Avis Budget said it benefited from strong demand and “stringent” cost controls.<a href=\"https://laohu8.com/S/ANET\">Arista Networks</a> – The cybersecurity firm reported better-than-expected profit and revenue for its most recent quarter and gave upbeat revenue guidance for the current period. Arista’s results got a boost from strong demand from cloud and data center customers, and its stock gained 5.4% in premarket action.<a href=\"https://laohu8.com/S/ZI\">ZoomInfo Technologies Inc.</a> – The business software company’s stock surged 11.3% in the premarket after it reported better-than-expected quarterly results and raised its full-year guidance.<a href=\"https://laohu8.com/S/AMTD\">AMTD International</a> – It rose 294.2% to $8.20 in pre-market trading after jumping 18% on Monday. The company owns 90%+ of AMTD Digital. While the latter one rose 11.32% after gaining 10500% in 13 days and its market value reached $150 billion.Market News<a href=\"https://laohu8.com/S/PINS\">Pinterest, Inc.</a> reported a Q2 loss of $43.1 million, or 7 cents a share, on sales of $665.9 million, up from $613 million a year ago. Global active users declined 5% to 433 million year-over-year but were flat from the previous quarter, beating expectations for a sequential decline.<a href=\"https://laohu8.com/S/BP\">BP PLC</a> reported that its net income was $9.26 billion compared with a net loss of $20.38 billion inQ1. It raised the dividend to 6.006 cents a share from 5.460 cents in the previous quarter.<a href=\"https://laohu8.com/S/TWTR\">Twitter</a> is probing associates of Elon Musk and other information in a series of far-reaching legal requests about the billionaire’s $44 billion deal to acquire the social media company.California’s governor on Monday declared a state of emergency to speed efforts to combat the monkeypox outbreak, becoming the second state in three days to take the step.<a href=\"https://laohu8.com/S/ATVI\">Activision Blizzard</a> reported in-line second-quarter earnings per share of $0.48 on revenue of $1.64 billion, which was ahead of expectations for $1.57 billion.Net bookings, the number of products and services sold digitally or sold-in physically, fell to $1.64 billion from $1.94 billion in the prior-year period.<a href=\"https://laohu8.com/S/EL\">Estee Lauder</a> has entered into talks to purchase luxury fashion brand, Tom Ford. The potential deal with Tom Ford could be worth as much as $3 billion and would represent Estee Lauder’s largest-ever acquisition.<a href=\"https://laohu8.com/S/UBER\">Uber</a> generated free cash flow of $382 million in Q2, the number of drivers and delivery agents on its platform rose 31% to an all-time high of almost 5 million.It now expects adjusted EBITDA of between $440 million and $470 million for Q3.<a href=\"https://laohu8.com/S/CAT\">Caterpillar</a>&#39;s revenue for the quarter through June rose to $14.25 billion from $12.89 billion a year ago. Adjusted profit rose to $3.18 per share from $2.60 per share.</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":"1170102764","content_text":"U.S. stock futures fell Tuesday morning as geopolitical tensions escalate. The S&P, Dow, and Nasdaq each hinge on their 100-day moving average lines and are fighting to break higher in a constant battle with the bears. Traders are also awaiting another raft of earnings from companies such as Starbucks, PayPal and Advanced Micro Devices.Market SnapshotAt 7:50 a.m. ET, Dow e-minis were down 166 points, or 0.51%, S&P 500 e-minis were down 23.75 points, or 0.58%, and Nasdaq 100 e-minis were down 92.25 points, or 0.71%.Pre-Market MoversCaterpillar – The heavy equipment maker’s stock fell 3.7% in the premarket after its quarterly earnings beat forecasts but revenue was slightly short of consensus. Caterpillar’s sales were hurt by its exit from Russia as well as supply chain issues, and it also saw elevated costs during the quarter.Uber – Uber reported a quarterly loss of $1.33 per share, including the impact of a $1.7 billion headwind from a drop in the value of its investments. The ride-hailing company’s revenue did come in better than expected, and it turned cash flow positive for the first time. Its shares rallied 10.8% in premarket action.Pinterest, Inc. – Pinterest shares soared 18.6% in premarket trading following its quarterly results and the news that activist investor Elliott Management is now the image-sharing site’s largest shareholder. Pinterest reported lower-than-expected earnings, but revenue was only slightly below forecasts and user numbers were somewhat better than expected.Royal Caribbean Cruises – Royal Caribbean fell 1.2% in premarket action after it announced the pricing of an upsized $1 billion debt offering. The cruise line operator will use the proceeds to refinance existing convertible notes.Simon Property – The shopping mall operator reported better-than-expected quarterly earnings, although its revenue was slightly below Street forecasts. Simon CEO David Simon said mall sales are doing well despite inflation concerns and that the company is positioned to do well in a potential recession. Simon shares added 2.2% in the premarket.Cowen – The financial services firm’s shares rallied 7.5% on news that it agreed to be acquired byTD Bank(TD) for $39 per share or $1.3 billion in cash.Avis Budget – The rental car company’s stock jumped 4% in premarket trading after it reported better-than-expected quarterly results. Avis Budget said it benefited from strong demand and “stringent” cost controls.Arista Networks – The cybersecurity firm reported better-than-expected profit and revenue for its most recent quarter and gave upbeat revenue guidance for the current period. Arista’s results got a boost from strong demand from cloud and data center customers, and its stock gained 5.4% in premarket action.ZoomInfo Technologies Inc. – The business software company’s stock surged 11.3% in the premarket after it reported better-than-expected quarterly results and raised its full-year guidance.AMTD International – It rose 294.2% to $8.20 in pre-market trading after jumping 18% on Monday. The company owns 90%+ of AMTD Digital. While the latter one rose 11.32% after gaining 10500% in 13 days and its market value reached $150 billion.Market NewsPinterest, Inc. reported a Q2 loss of $43.1 million, or 7 cents a share, on sales of $665.9 million, up from $613 million a year ago. Global active users declined 5% to 433 million year-over-year but were flat from the previous quarter, beating expectations for a sequential decline.BP PLC reported that its net income was $9.26 billion compared with a net loss of $20.38 billion inQ1. It raised the dividend to 6.006 cents a share from 5.460 cents in the previous quarter.Twitter is probing associates of Elon Musk and other information in a series of far-reaching legal requests about the billionaire’s $44 billion deal to acquire the social media company.California’s governor on Monday declared a state of emergency to speed efforts to combat the monkeypox outbreak, becoming the second state in three days to take the step.Activision Blizzard reported in-line second-quarter earnings per share of $0.48 on revenue of $1.64 billion, which was ahead of expectations for $1.57 billion.Net bookings, the number of products and services sold digitally or sold-in physically, fell to $1.64 billion from $1.94 billion in the prior-year period.Estee Lauder has entered into talks to purchase luxury fashion brand, Tom Ford. The potential deal with Tom Ford could be worth as much as $3 billion and would represent Estee Lauder’s largest-ever acquisition.Uber generated free cash flow of $382 million in Q2, the number of drivers and delivery agents on its platform rose 31% to an all-time high of almost 5 million.It now expects adjusted EBITDA of between $440 million and $470 million for Q3.Caterpillar's revenue for the quarter through June rose to $14.25 billion from $12.89 billion a year ago. Adjusted profit rose to $3.18 per share from $2.60 per share.","news_type":1},"isVote":1,"tweetType":1,"viewCount":421,"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":6,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}