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2022-11-09

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Pre-Bell｜Dow Futures Slid Over 100 Points; This Mega-cap Stock Gained Over 5%

U.S. stock futures were slightly lower — following recent market gains — as results of the midterm e

Pre-Bell｜Dow Futures Slid Over 100 Points; This Mega-cap Stock Gained Over 5%

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·2022-11-09
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Tesla shares added 1.5% in the premarket.</p><p><b><a href=\"https://laohu8.com/S/META\">Meta Platforms, Inc.</a></b> – The Facebook parent’s shares rallied 4.3% in premarket trading after the company announced it was laying off 13% of its workforce, or more than 11,000 workers.</p><p><b><a href=\"https://laohu8.com/S/DHI\">D.R. Horton</a></b> – The home builder’s stock slid 3.1% in the premarket after it missed top and bottom line estimates for its latest quarter. It also said it would not provide guidance due to housing market uncertainty.</p><p><b><a href=\"https://laohu8.com/S/DIS\">Walt Disney</a></b> – Walt Disney tumbled 7.4% in the premarket after missing top and bottom line estimates for its latest quarter. Disney’s profits took a hit from higher costs at its Disney+ streaming service, and the company plans to cut marketing and content budgets.</p><p><b><a href=\"https://laohu8.com/S/AFRM\">Affirm Holdings, Inc.</a></b> – Affirm Holdings plunged 12.2% in premarket trading after the buy-now-pay-later firm reported a wider-than-expected quarterly loss. Affirm has been particularly popular among buyers ofPelotonbikes, and is seeing an impact from slowing Peloton equipment sales.</p><p><b><a href=\"https://laohu8.com/S/UPST\">Upstart Holdings, Inc.</a></b> – Upstart plummeted 23.8% in premarket action after the AI-driven lending platform issued a much weaker-than-expected revenue forecast for the current quarter, citing challenging economic conditions.</p><p><b><a href=\"https://laohu8.com/S/AMC\">AMC Entertainment</a></b> – AMC reported a quarterly loss of 22 cents per share, smaller than the 26 cents loss anticipated by analysts, and revenue topped consensus. CEO Adam Aron said AMC’s results were impacted by soft box office results in the latter part of the quarter. AMC fell 3.9% in premarket action.</p><p><b><a href=\"https://laohu8.com/S/LCID\">Lucid Group Inc</a></b> – Lucid slid 8.3% in the premarket after saying it may raise up to $1.5 billion through stock sales to fund the electric vehicle maker’s operations.</p><p><b><a href=\"https://laohu8.com/S/AXON\">Axon Enterprise, Inc.</a></b> – Axon rallied 8.5% in premarket trading after the Taser maker reported better-than-expected profit and revenue for the third quarter. It also raised its full-year outlook, citing robust demand.</p><p><b><a href=\"https://laohu8.com/S/SFM\">Sprouts Farmers</a></b> – Sprouts Farmers Markets staged an 8.2% off-hours rally on better-than-expected third-quarter results. The organic products grocer also raised its full-year forecast, saying it benefited from an increasing emphasis on health and wellness by consumers.</p><p><b>Market News</b></p><p><b><a href=\"https://laohu8.com/S/MSFT\">Microsoft</a></b> may have to offer concessions to address EU antitrust concerns about its $69 billion bid for &#34;Call of Duty&#34; maker Activision Blizzard after regulators opened a full-scale investigation on Tuesday and warned about the impact of the deal.</p><p><b><a href=\"https://laohu8.com/S/TSLA\">Tesla Motors</a></b> Chief Executive Officer Elon Musk has sold $3.95 billion worth of shares in the electric vehicle maker, according to U.S. regulatory filings, days after he completed his purchase of Twitter Inc for $44 billion.</p><p><b><a href=\"https://laohu8.com/S/DIS\">Walt Disney</a></b> reported Q4 revenue of $20.15 billion, up 9% year-over-year, and reported fourth-quarter earnings per share of 30 cents. Total subscribers, including those for its Hulu and ESPN+ products, rose to almost 236 million.</p><p><b><a href=\"https://laohu8.com/S/OXY\">Occidental</a></b>’s net income in the third quarter was $2.55 billion, or $2.52 a share, a four-fold increase from $628 million, or 65 cents per share, from a year earlier. But profit decreased 29% from the $3.6 billion posted in the second quarter.</p><p><b><a href=\"https://laohu8.com/S/AMC\">AMC Entertainment</a></b> reported a Q3 net loss of $226.9 million, or a net loss of 22 cents a share, compared with a net loss of $224.2 million, or a net loss of 22 cents a share, in the same period last year. Sales were $968.4 million, compared with $763.2 million in the same period last year. </p><p><b><a href=\"https://laohu8.com/S/NVAX\">Novavax</a></b> cut its full-year revenue forecast on Tuesday for the second time in three months, hurt by a global supply glut in COVID-19 vaccine and waning demand. The company now expects annual revenue to be near the low end of its prior forecast range of between $2 billion and $2.3 billion.</p><p><b><a href=\"https://laohu8.com/S/UPST\">Upstart Holdings, Inc.</a></b> took a third-quarter net loss of $56.2 million, or 69 cents a share. It generated a net income of $27.8 million, or 30 cents a share, in the year-prior quarter.</p><p><b><a href=\"https://laohu8.com/S/LCID\">Lucid Group Inc</a></b>’s loss was 40 cents a share, wider than analysts’ average estimate of a 31-cent loss. 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Tesla shares added 1.5% in the premarket.</p><p><b><a href=\"https://laohu8.com/S/META\">Meta Platforms, Inc.</a></b> – The Facebook parent’s shares rallied 4.3% in premarket trading after the company announced it was laying off 13% of its workforce, or more than 11,000 workers.</p><p><b><a href=\"https://laohu8.com/S/DHI\">D.R. Horton</a></b> – The home builder’s stock slid 3.1% in the premarket after it missed top and bottom line estimates for its latest quarter. It also said it would not provide guidance due to housing market uncertainty.</p><p><b><a href=\"https://laohu8.com/S/DIS\">Walt Disney</a></b> – Walt Disney tumbled 7.4% in the premarket after missing top and bottom line estimates for its latest quarter. Disney’s profits took a hit from higher costs at its Disney+ streaming service, and the company plans to cut marketing and content budgets.</p><p><b><a href=\"https://laohu8.com/S/AFRM\">Affirm Holdings, Inc.</a></b> – Affirm Holdings plunged 12.2% in premarket trading after the buy-now-pay-later firm reported a wider-than-expected quarterly loss. Affirm has been particularly popular among buyers ofPelotonbikes, and is seeing an impact from slowing Peloton equipment sales.</p><p><b><a href=\"https://laohu8.com/S/UPST\">Upstart Holdings, Inc.</a></b> – Upstart plummeted 23.8% in premarket action after the AI-driven lending platform issued a much weaker-than-expected revenue forecast for the current quarter, citing challenging economic conditions.</p><p><b><a href=\"https://laohu8.com/S/AMC\">AMC Entertainment</a></b> – AMC reported a quarterly loss of 22 cents per share, smaller than the 26 cents loss anticipated by analysts, and revenue topped consensus. CEO Adam Aron said AMC’s results were impacted by soft box office results in the latter part of the quarter. AMC fell 3.9% in premarket action.</p><p><b><a href=\"https://laohu8.com/S/LCID\">Lucid Group Inc</a></b> – Lucid slid 8.3% in the premarket after saying it may raise up to $1.5 billion through stock sales to fund the electric vehicle maker’s operations.</p><p><b><a href=\"https://laohu8.com/S/AXON\">Axon Enterprise, Inc.</a></b> – Axon rallied 8.5% in premarket trading after the Taser maker reported better-than-expected profit and revenue for the third quarter. It also raised its full-year outlook, citing robust demand.</p><p><b><a href=\"https://laohu8.com/S/SFM\">Sprouts Farmers</a></b> – Sprouts Farmers Markets staged an 8.2% off-hours rally on better-than-expected third-quarter results. The organic products grocer also raised its full-year forecast, saying it benefited from an increasing emphasis on health and wellness by consumers.</p><p><b>Market News</b></p><p><b><a href=\"https://laohu8.com/S/MSFT\">Microsoft</a></b> may have to offer concessions to address EU antitrust concerns about its $69 billion bid for &#34;Call of Duty&#34; maker Activision Blizzard after regulators opened a full-scale investigation on Tuesday and warned about the impact of the deal.</p><p><b><a href=\"https://laohu8.com/S/TSLA\">Tesla Motors</a></b> Chief Executive Officer Elon Musk has sold $3.95 billion worth of shares in the electric vehicle maker, according to U.S. regulatory filings, days after he completed his purchase of Twitter Inc for $44 billion.</p><p><b><a href=\"https://laohu8.com/S/DIS\">Walt Disney</a></b> reported Q4 revenue of $20.15 billion, up 9% year-over-year, and reported fourth-quarter earnings per share of 30 cents. Total subscribers, including those for its Hulu and ESPN+ products, rose to almost 236 million.</p><p><b><a href=\"https://laohu8.com/S/OXY\">Occidental</a></b>’s net income in the third quarter was $2.55 billion, or $2.52 a share, a four-fold increase from $628 million, or 65 cents per share, from a year earlier. But profit decreased 29% from the $3.6 billion posted in the second quarter.</p><p><b><a href=\"https://laohu8.com/S/AMC\">AMC Entertainment</a></b> reported a Q3 net loss of $226.9 million, or a net loss of 22 cents a share, compared with a net loss of $224.2 million, or a net loss of 22 cents a share, in the same period last year. Sales were $968.4 million, compared with $763.2 million in the same period last year. </p><p><b><a href=\"https://laohu8.com/S/NVAX\">Novavax</a></b> cut its full-year revenue forecast on Tuesday for the second time in three months, hurt by a global supply glut in COVID-19 vaccine and waning demand. The company now expects annual revenue to be near the low end of its prior forecast range of between $2 billion and $2.3 billion.</p><p><b><a href=\"https://laohu8.com/S/UPST\">Upstart Holdings, Inc.</a></b> took a third-quarter net loss of $56.2 million, or 69 cents a share. It generated a net income of $27.8 million, or 30 cents a share, in the year-prior quarter.</p><p><b><a href=\"https://laohu8.com/S/LCID\">Lucid Group Inc</a></b>’s loss was 40 cents a share, wider than analysts’ average estimate of a 31-cent loss. Revenue was $195.5 million, missing the $204 million prediction.</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":"1132930348","content_text":"U.S. stock futures were slightly lower — following recent market gains — as results of the midterm elections provided no clear answers about who would control Congress yet.Market SnapshotAt 7:50 a.m. ET, Dow e-minis were down 130 points, or 0.39%, S&P 500 e-minis were down 12 points, or 0.31%, and Nasdaq 100 e-minis were down 31.25 points, or 0.28%.Pre-Market MoversTesla Motors – SEC filings show CEO Elon Musk sold nearly $4 billion in Tesla shares in the days following his purchase of Twitter. Tesla shares added 1.5% in the premarket.Meta Platforms, Inc. – The Facebook parent’s shares rallied 4.3% in premarket trading after the company announced it was laying off 13% of its workforce, or more than 11,000 workers.D.R. Horton – The home builder’s stock slid 3.1% in the premarket after it missed top and bottom line estimates for its latest quarter. It also said it would not provide guidance due to housing market uncertainty.Walt Disney – Walt Disney tumbled 7.4% in the premarket after missing top and bottom line estimates for its latest quarter. Disney’s profits took a hit from higher costs at its Disney+ streaming service, and the company plans to cut marketing and content budgets.Affirm Holdings, Inc. – Affirm Holdings plunged 12.2% in premarket trading after the buy-now-pay-later firm reported a wider-than-expected quarterly loss. Affirm has been particularly popular among buyers ofPelotonbikes, and is seeing an impact from slowing Peloton equipment sales.Upstart Holdings, Inc. – Upstart plummeted 23.8% in premarket action after the AI-driven lending platform issued a much weaker-than-expected revenue forecast for the current quarter, citing challenging economic conditions.AMC Entertainment – AMC reported a quarterly loss of 22 cents per share, smaller than the 26 cents loss anticipated by analysts, and revenue topped consensus. CEO Adam Aron said AMC’s results were impacted by soft box office results in the latter part of the quarter. AMC fell 3.9% in premarket action.Lucid Group Inc – Lucid slid 8.3% in the premarket after saying it may raise up to $1.5 billion through stock sales to fund the electric vehicle maker’s operations.Axon Enterprise, Inc. – Axon rallied 8.5% in premarket trading after the Taser maker reported better-than-expected profit and revenue for the third quarter. It also raised its full-year outlook, citing robust demand.Sprouts Farmers – Sprouts Farmers Markets staged an 8.2% off-hours rally on better-than-expected third-quarter results. The organic products grocer also raised its full-year forecast, saying it benefited from an increasing emphasis on health and wellness by consumers.Market NewsMicrosoft may have to offer concessions to address EU antitrust concerns about its $69 billion bid for \"Call of Duty\" maker Activision Blizzard after regulators opened a full-scale investigation on Tuesday and warned about the impact of the deal.Tesla Motors Chief Executive Officer Elon Musk has sold $3.95 billion worth of shares in the electric vehicle maker, according to U.S. regulatory filings, days after he completed his purchase of Twitter Inc for $44 billion.Walt Disney reported Q4 revenue of $20.15 billion, up 9% year-over-year, and reported fourth-quarter earnings per share of 30 cents. Total subscribers, including those for its Hulu and ESPN+ products, rose to almost 236 million.Occidental’s net income in the third quarter was $2.55 billion, or $2.52 a share, a four-fold increase from $628 million, or 65 cents per share, from a year earlier. But profit decreased 29% from the $3.6 billion posted in the second quarter.AMC Entertainment reported a Q3 net loss of $226.9 million, or a net loss of 22 cents a share, compared with a net loss of $224.2 million, or a net loss of 22 cents a share, in the same period last year. Sales were $968.4 million, compared with $763.2 million in the same period last year. Novavax cut its full-year revenue forecast on Tuesday for the second time in three months, hurt by a global supply glut in COVID-19 vaccine and waning demand. The company now expects annual revenue to be near the low end of its prior forecast range of between $2 billion and $2.3 billion.Upstart Holdings, Inc. took a third-quarter net loss of $56.2 million, or 69 cents a share. It generated a net income of $27.8 million, or 30 cents a share, in the year-prior quarter.Lucid Group Inc’s loss was 40 cents a share, wider than analysts’ average estimate of a 31-cent loss. 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