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kukumolu
2022-11-28

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Pre-Bell｜Dow Futures Fall 180 Points; This China-Based E-Commerce Stock Surges 14%

U.S. stock index futures fell on Monday amid global risk-off sentiment. Consumer stocks will continu

Pre-Bell｜Dow Futures Fall 180 Points; This China-Based E-Commerce Stock Surges 14%

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Samuel123win
·2022-11-29
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A person familiar with assembly operations told Bloomberg that Apple and Foxconn do expect to be able to make up that shortfall in 2023. Apple slid 1.7% in premarket trading.</p><p>Taboola.com(TBLA) – The software company’s stock soared 65.2% in premarket action after it announced a 30-year agreement with Yahoo, under which Taboola will power native advertising on all Yahoo platforms.</p><p>Wynn Resorts(WYNN),MGM Resorts(MGM),Melco Resorts(MLCO),Las Vegas Sands(LVS) – Casino stocks rallied in off-hours trading after the Chinese government granted the companies provisional licenses to continue operating in Macau. Wynn jumped 5.9%, MGM added 2.2%, Melco rallied 8% and Las Vegas Sands rose 3.2%.</p><p>Biogen(BIIB) – Biogen dropped 5.5% in the premarket after online publication Science.org reported that a woman participating in a trial of the experimental Alzheimer’s treatment lecanemab had recently died from a brain hemorrhage. The publication said the trial was sponsored by Biogen and Japanese pharmaceutical company Esai.</p><p>Exxon Mobil(XOM), Chevron(CVX) – These and other energy stocks fell in the premarket as WTI Crude touches its lowest level in 11 months. Exxon lost 1.8% while Chevron dropped 1.7%.</p><p>Anheuser-Busch InBev(BUD) – Anheuser-Busch InBev jumped 4.2% in the premarket after a double upgrade from J.P. Morgan Securities, which raised the beer brewer&#39;s stock to &#34;overweight&#34; from &#34;underweight.&#34; The firm now sees the potential for earnings outperformance while also noting a rapidly improving balance sheet.</p><p>First Solar(FSLR) – The solar company&#39;s stock fell 2.6% in the premarket following a downgrade by J.P. Morgan to &#34;neutral&#34; from &#34;overweight.&#34; J.P. Morgan&#39;s call notes the stock&#39;s outperformance since the announcement of the Inflation Reduction Act, which provided additional incentives for alternative energy.</p><p>News Corp(NWSA), Fox(FOXA) – T. Rowe Price is the latest major shareholder to express concern about Rupert Murdoch’s plan to recombine News Corp and Fox, according to a report in The New York Times. The investment firm is News Corp’s second-largest shareholder behind the Murdoch family with a 12% stake and is said to believe a combination would undervalue News Corp shares.</p><p>Pinduoduo(PDD) – The China-based e-commerce platform beat top and bottom line estimates for its latest quarter, as China’s strict Covid policies prompted more consumers to shop online. Pinduoduo surged 14.2% in the premarket.</p><h2>Market News</h2><p>Hedge Fund That Beat 99% of Peers Places Contrarian Bet on Meta</p><p>As Big Tech reels from the blow of higher interest rates and slowing growth, one top-performing hedge fund manager is going against the tide to bet on the sinking shares of Facebook-owner <a href=\"https://laohu8.com/S/META\">Meta Platforms</a> Inc.</p><p>China&#39;s Pinduoduo Beats Quarterly Revenue Estimates</p><p>China&#39;s <a href=\"https://laohu8.com/S/PDD\">Pinduoduo Inc </a> beat Wall Street estimates for third-quarter revenue on Monday, helped by COVID-related lockdowns in the country that forced consumers to shop online, sending its shares up 14% in U.S. premarket trade.</p><p>Tesla Preps for First Semi Deliveries As It Breaks Into Class 8 Market</p><p><a href=\"https://laohu8.com/S/TSLA\">Tesla</a> will hold an event on December 1 at the Gigafactory in Nevada to commemorate the first deliveries of the all-electric Semi Class 8 truck.</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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A person familiar with assembly operations told Bloomberg that Apple and Foxconn do expect to be able to make up that shortfall in 2023. Apple slid 1.7% in premarket trading.</p><p>Taboola.com(TBLA) – The software company’s stock soared 65.2% in premarket action after it announced a 30-year agreement with Yahoo, under which Taboola will power native advertising on all Yahoo platforms.</p><p>Wynn Resorts(WYNN),MGM Resorts(MGM),Melco Resorts(MLCO),Las Vegas Sands(LVS) – Casino stocks rallied in off-hours trading after the Chinese government granted the companies provisional licenses to continue operating in Macau. Wynn jumped 5.9%, MGM added 2.2%, Melco rallied 8% and Las Vegas Sands rose 3.2%.</p><p>Biogen(BIIB) – Biogen dropped 5.5% in the premarket after online publication Science.org reported that a woman participating in a trial of the experimental Alzheimer’s treatment lecanemab had recently died from a brain hemorrhage. The publication said the trial was sponsored by Biogen and Japanese pharmaceutical company Esai.</p><p>Exxon Mobil(XOM), Chevron(CVX) – These and other energy stocks fell in the premarket as WTI Crude touches its lowest level in 11 months. Exxon lost 1.8% while Chevron dropped 1.7%.</p><p>Anheuser-Busch InBev(BUD) – Anheuser-Busch InBev jumped 4.2% in the premarket after a double upgrade from J.P. Morgan Securities, which raised the beer brewer&#39;s stock to &#34;overweight&#34; from &#34;underweight.&#34; The firm now sees the potential for earnings outperformance while also noting a rapidly improving balance sheet.</p><p>First Solar(FSLR) – The solar company&#39;s stock fell 2.6% in the premarket following a downgrade by J.P. Morgan to &#34;neutral&#34; from &#34;overweight.&#34; J.P. Morgan&#39;s call notes the stock&#39;s outperformance since the announcement of the Inflation Reduction Act, which provided additional incentives for alternative energy.</p><p>News Corp(NWSA), Fox(FOXA) – T. Rowe Price is the latest major shareholder to express concern about Rupert Murdoch’s plan to recombine News Corp and Fox, according to a report in The New York Times. The investment firm is News Corp’s second-largest shareholder behind the Murdoch family with a 12% stake and is said to believe a combination would undervalue News Corp shares.</p><p>Pinduoduo(PDD) – The China-based e-commerce platform beat top and bottom line estimates for its latest quarter, as China’s strict Covid policies prompted more consumers to shop online. Pinduoduo surged 14.2% in the premarket.</p><h2>Market News</h2><p>Hedge Fund That Beat 99% of Peers Places Contrarian Bet on Meta</p><p>As Big Tech reels from the blow of higher interest rates and slowing growth, one top-performing hedge fund manager is going against the tide to bet on the sinking shares of Facebook-owner <a href=\"https://laohu8.com/S/META\">Meta Platforms</a> Inc.</p><p>China&#39;s Pinduoduo Beats Quarterly Revenue Estimates</p><p>China&#39;s <a href=\"https://laohu8.com/S/PDD\">Pinduoduo Inc </a> beat Wall Street estimates for third-quarter revenue on Monday, helped by COVID-related lockdowns in the country that forced consumers to shop online, sending its shares up 14% in U.S. premarket trade.</p><p>Tesla Preps for First Semi Deliveries As It Breaks Into Class 8 Market</p><p><a href=\"https://laohu8.com/S/TSLA\">Tesla</a> will hold an event on December 1 at the Gigafactory in Nevada to commemorate the first deliveries of the all-electric Semi Class 8 truck.</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":"1107644375","content_text":"U.S. stock index futures fell on Monday amid global risk-off sentiment. Consumer stocks will continue to be in focus as shoppers transition from Black Friday to Cyber Monday.Market SnapshotAt 7:50 a.m. ET, Dow e-minis were down 180 points, or 0.52%, S&P 500 e-minis were down 28.5 points, or 0.71%, and Nasdaq 100 e-minis were down 79 points, or 0.67%.Pre-Market MoversApple(AAPL) – Apple could reportedly see a production shortfall of close to 6 million iPhone Pro models due to Covid-related unrest at contract manufacturer Foxconn’s China factory. A person familiar with assembly operations told Bloomberg that Apple and Foxconn do expect to be able to make up that shortfall in 2023. Apple slid 1.7% in premarket trading.Taboola.com(TBLA) – The software company’s stock soared 65.2% in premarket action after it announced a 30-year agreement with Yahoo, under which Taboola will power native advertising on all Yahoo platforms.Wynn Resorts(WYNN),MGM Resorts(MGM),Melco Resorts(MLCO),Las Vegas Sands(LVS) – Casino stocks rallied in off-hours trading after the Chinese government granted the companies provisional licenses to continue operating in Macau. Wynn jumped 5.9%, MGM added 2.2%, Melco rallied 8% and Las Vegas Sands rose 3.2%.Biogen(BIIB) – Biogen dropped 5.5% in the premarket after online publication Science.org reported that a woman participating in a trial of the experimental Alzheimer’s treatment lecanemab had recently died from a brain hemorrhage. The publication said the trial was sponsored by Biogen and Japanese pharmaceutical company Esai.Exxon Mobil(XOM), Chevron(CVX) – These and other energy stocks fell in the premarket as WTI Crude touches its lowest level in 11 months. Exxon lost 1.8% while Chevron dropped 1.7%.Anheuser-Busch InBev(BUD) – Anheuser-Busch InBev jumped 4.2% in the premarket after a double upgrade from J.P. Morgan Securities, which raised the beer brewer's stock to \"overweight\" from \"underweight.\" The firm now sees the potential for earnings outperformance while also noting a rapidly improving balance sheet.First Solar(FSLR) – The solar company's stock fell 2.6% in the premarket following a downgrade by J.P. Morgan to \"neutral\" from \"overweight.\" J.P. Morgan's call notes the stock's outperformance since the announcement of the Inflation Reduction Act, which provided additional incentives for alternative energy.News Corp(NWSA), Fox(FOXA) – T. 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Pinduoduo surged 14.2% in the premarket.Market NewsHedge Fund That Beat 99% of Peers Places Contrarian Bet on MetaAs Big Tech reels from the blow of higher interest rates and slowing growth, one top-performing hedge fund manager is going against the tide to bet on the sinking shares of Facebook-owner Meta Platforms Inc.China's Pinduoduo Beats Quarterly Revenue EstimatesChina's Pinduoduo Inc  beat Wall Street estimates for third-quarter revenue on Monday, helped by COVID-related lockdowns in the country that forced consumers to shop online, sending its shares up 14% in U.S. premarket trade.Tesla Preps for First Semi Deliveries As It Breaks Into Class 8 MarketTesla will hold an event on December 1 at the Gigafactory in Nevada to commemorate the first deliveries of the all-electric Semi Class 8 truck.","news_type":1},"isVote":1,"tweetType":1,"viewCount":315,"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":2,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":104987116,"commentId":"104987116","gmtCreate":1669676581217,"gmtModify":1669676594409,"authorId":4092554906611330,"author":{"id":4092554906611330,"idStr":"4092554906611330","authorId":4092554906611330,"name":"Samuel123win","avatar":"https://static.tigerbbs.com/fb615bd9d23d3ee707625d59ccb06f5e","vip":1,"hat":"https://static.tigerbbs.com/4c5ceab71416b120bab4604c0754b52a","crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9966768741,"objectIdStr":"9966768741","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"<span class=\"s1\">Hsha</span>","text":"<span class=\"s1\">Hsha</span>","html":"<span class=\"s1\">Hsha</span>","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0}],"hasMoreComment":true,"orderType":2}