After-Market: Agilent and Zoom are up after reporting profits. Nov-20

After-Market:

After-Market

After-Market active stocks

Gainers

• Agilent Technologies (NYSE:A) is a semiconductor company. 5% UP; beat on top and bottom lines in the fourth quarter. The advice was mixed.
• Playtika Holding Corp (NASDAQ:PLTK) 3% HIGHER; Citi raised Playtika Holding Corp (NASDAQ:PLTK) from Neutral to Buy with a price target of $11.00.
• Keysight Technologies (NYSE:KEYS) is up 2% after reporting fourth-quarter earnings and revenue that above expectations.
• Trip.com Group Ltd ADR (NASDAQ:TCOM) is up 2% after beating on both the top and bottom lines in the third quarter.
• A-Mark Precious Metals, Inc. (NASDAQ:AMRK) 2% HIGHER; A-Mark Precious Metals, Inc. (NASDAQ:AMRK) has increased the number of shares that can be repurchased under the Company’s existing share repurchase program by 2%.
• Dentsply Sirona Inc (NASDAQ:XRAY) is up 2%; the CEO and CFO both purchased stock.
• Zoom (NASDAQ:ZM) is up 1% after beating on EPS and revenue in the third quarter and issuing fourth-quarter forecast that is above the Street’s.
• Xylem (NYSE:XYL) is up 1% after Deutsche Bank raised its price objective from $104.00 to $120.00.

Losers

• Reliance Global Group, Inc. (RELI) 34% LOWER; Reliance Global Group, Inc. (RELI) has announced the start of an underwritten public offering.
• Stantec (NYSE:STN) is trading 2% lower at $92.50 per share.

MARKET MOVERS 

Midday-Market movers

GAINERS

• YPF S.A. (YPF), situated in Buenos Aires, increased 38% after Javier Milei was elected president of Argentina.
• PENN Entertainment (PENN) shares increased 7% after BofA Securities upgraded the stock based on the early success of its ESPN Bet.
• Boeing (NYSE:BA) stock jumped 4.7% after Deutsche Bank raised the aircraft manufacturer’s investment attitude to ‘buy’ from ‘hold,’ citing increased commercial jet deliveries.
• General Motors (NYSE:GM) shares jumped 2.3% on the resignation of Kyle Vogt, CEO of the automaker’s robot-taxi unit Cruise, while the firm conducts a safety review of its U.S. fleet.
• Airbnb (ABNB) stock increased 2.2% after the business named Ron Klain, a former top counselor to US President Joe Biden, as its chief legal officer.
• Microsoft (NASDAQ:MSFT) shares increased 1.9% after the tech giant announced plans to hire Sam Altman to run a new advanced artificial intelligence research team, just days after the famous AI-industry figure was fired as CEO of OpenAI.
• Nvidia (NASDAQ:NVDA) stock climbed 1% ahead of Tuesday’s quarterly results, indicating great confidence in the tech giant’s ability to excel given the market’s passion for all things artificial intelligence.
• The shares of Uber (NYSE:UBER) rose 1% after the ride-hailing business announced intentions to offer $1.2 billion in five-year convertible notes, subject to market circumstances.
• Citigroup (C) stock rose 0.4% after the company announced layoffs and changes to top management as part of its largest reorganization in decades.

LOSERS

• Chegg (NYSE:CHGG) shares fell 6.4% after Morgan Stanley analysts downgraded the company to Underweight from Equal Weight. Analysts noticed weaker October trends and predicted more competition from generative artificial intelligence in the long run.
• Nikola (NASDAQ:NKLA) stock dropped 4% after the electric-truck manufacturer said that Chief Financial Officer Anastasiya Pasterick would resign to “pursue other opportunities” less than a year after taking the position.
• Bristol-Myers Squibb (NYSE:BMY) shares fell 2.6% after Bayer’s asundexian failed to outperform Eliquis in atrial fibrillation. The findings were alarming for the Factor XIa class, which includes Bristol-Myers’ Milvexian.
• KB Home (NYSE:KBH) fell 1.5% after Wedbush downgraded the stock from Outperform to Neutral, citing competition and a lack of catalysts.

Earnings Calendar

Monday Nov 20

Agilent Technologies, Keysight Technologies, Zoom Video Communications. 

Tuesday, Nov 21

Lowe’s Cos., Best Buy, George Weston, Analog Devices, NVIDIA, HP Inc., Autodesk, Dick’s Sporting Goods, Kohl’s Corp., Guess? Inc, Urban Outfitters

Wednesday, NOV 22

Deere & Co.

Must read book about investing – check here 

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Citigroup (NYSE:C) declined 0.8% after agreeing to sell its retail wealth management portfolio in mainland China to HSBC (NYSE:HSBC), which lost 2.3%.

• Bristol-Myers Squibb (NYSE:BMY) stock dipped 0.8% after the pharmaceutical company announced a $5.8 billion acquisition of cancer medicine Mirati Therapeutics (NASDAQ:MRTX), down 4.6%, to diversify its oncology business.
• United Airlines (NASDAQ:UAL) stock fell 5%, American Airlines (NASDAQ:AAL) stock fell 4.7%, and Delta Air Lines (NYSE:DAL) stock fell 4.5%, as several airlines canceled or reduced flights to Israel in response to the escalation of violence between the country’s forces and the Palestinian group Hamas.
• The stock of Spotify (NYSE:SPOT) slumped 2.5% after Redburn-Atlantic cut its rating on the audio streaming service to ‘neutral’ from ‘buy,’ expecting that the company’s new audiobook offer will be gross margin dilutive.

• Workhorse Group Inc. (Nasdaq: WKHS) 32% HIGHER; Workhorse Group Inc. (Nasdaq: WKHS) announced that it has achieved IRS clearance as a qualified manufacturer for the Commercial Clean Vehicle Credit, as specified in Internal Revenue Code Section 30D(d)(3). With this approval, Workhorse clients can receive up to a $40,000 credit for all Workhorse vehicle deliveries in 2023 and beyond.
• Rocket Pharmaceuticals, Inc. (NASDAQ:RCKT) 29% HIGHER; Rocket Pharmaceuticals, Inc. (NASDAQ:RCKT) reported that it has reached an agreement with the Food and Drug Administration (FDA) on the global Phase 2 pivotal study of RP-A501 for Danon Disease. Danon Disease is a deadly hereditary cardiomyopathy that kills the majority of male patients at the age of 20 and the majority of female patients at the age of 40, and for which there are no authorized curative or disease-modifying medications. In the United States and Europe, the condition affects an estimated 15,000 to 30,000 people.

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