(2/17) Wednesday’s Pre-Market Stock Movers & News – #stocks chatter

0
113

(2/17) Wednesday's Pre-Market Stock Movers & News
#Good morning traders and investors of the r/StockMarket sub! Welcome to Wednesday! Here are your pre-market stock movers & news on this Wednesday, February 17, 2021-

*****

# [5 things to know before the stock market opens Wednesday](https://www.cnbc.com/2021/02/17/5-things-to-know-before-the-stock-market-opens-february-17-2021.html)

*****

> # 1. Stocks set to open flat after Dow closes at another record

> * U.S. stock futures were steady Wednesday as Wall Street remained on track for its best monthly performance since November. A mixed session Tuesday saw the Dow Jones Industrial Average close at another record. The S&P 500 and Nasdaq broke their two-day winning streaks with small losses, falling from previous session record high closes.

> * On Wednesday’s economic calendar, the Commerce Department is set to issue January retail sales at 8:30 a.m. ET, one hour before the opening bell. Economists expect a 1.2% increase after a 0.7% December decline. At the same time, the Labor Department’s January look at producer prices is seen rising 0.4% after a 0.3% gain in December.

*****

> # 2. Bitcoin soars to new high, topping $51,000 for first time

> * Bitcoin smashed through $51,000 to hit a new all-time high Wednesday. Major financial companies appear to be warming to bitcoin, while Tesla and other firms have also shown support for the cryptocurrency. Bitcoin’s latest rally is reminiscent of its massive ascent to nearly $20,000 in 2017, which was followed by an 80% plunge the following year. However, the world’s biggest cryptocurrency did stage a fierce comeback since, more than quadrupling in 2020 and gaining over 70% since the start of this year.

*****

> # 3. Here are Warren Buffett-run Berkshire’s stock moves last quarter

> * Warren Buffett’s Berkshire Hathaway bought stakes worth $4.1 billion in Chevron and $8.6 billion in Verizon shares during the fourth quarter, according to the conglomerate’s latest 13-F filing with the SEC. Berkshire also sold its stakes in drug maker Pfizer and JPMorgan Chase, while trimming its Wells Fargo position. While still its biggest holding, Berkshire continued to trim its lucrative Apple stake, cutting it by about 6%. Four times a year, investors file their long positions with the government. The information is released to the public 45 days after each quarter ends.

*****

> # 4. Elon Musk’s SpaceX valuation jumps to about $74 billion

> * SpaceX completed another monster equity funding round of $850 million last week, people familiar with the financing told CNBC, sending the company’s valuation skyrocketing 60% from its previous raise in August to about $74 billion. Elon Musk, who also co-founded Tesla, saw insiders and existing investors in his commercial space company selling an additional $750 million in a secondary transaction, one of the people said. SpaceX did not immediately respond to CNBC’s request for comment on this report.

*****

> # 5. Millions in Texas still without power as new storm hits

> * Millions of residents in Texas were still in the dark Wednesday with no indication when their service might return as another winter storm moved across the southern part of the nation. In all, between 2 million and 3 million customers in the energy capital of the U.S. had no power — two days after historic snow and single-digit temperatures created a surge in demand for electricity for heat.

> * Wholesale power and natural gas prices soared in recent days. However, natural gas futures dropped early Wednesday. U.S. oil prices kept up their advance Wednesday, gaining more than 1% and pushing above $61 per barrel, levels not seen since the early days of the coronavirus pandemic.

*****

#STOCK FUTURES CURRENTLY:
######(**[CLICK HERE FOR STOCK FUTURES CHARTS!](https://finviz.com/futures.ashx)**)

*****

#YESTERDAY'S MARKET MAP:
######(**[CLICK HERE FOR YESTERDAY'S MARKET MAP!](https://i.imgur.com/vcVsj0V.png)**)

*****

#TODAY'S MARKET MAP:
######(**[CLICK HERE FOR TODAY'S MARKET MAP!](https://finviz.com/map.ashx)**)

*****

#YESTERDAY'S S&P SECTORS:
######(**[CLICK HERE FOR YESTERDAY'S S&P SECTORS CHART!](https://i.imgur.com/OrHC0Dg.png)**)

*****

#TODAY'S S&P SECTORS:
######(**[CLICK HERE FOR TODAY'S S&P SECTORS CHART!](https://finviz.com/groups.ashx)**)

*****

#TODAY'S ECONOMIC CALENDAR:
######(**[CLICK HERE FOR TODAY'S ECONOMIC CALENDAR LINK #1!](https://i.imgur.com/cOYL889.png)**)
######(**[CLICK HERE FOR TODAY'S ECONOMIC CALENDAR LINK #2!](https://i.imgur.com/uHnErYd.png)**)

*****

#THIS WEEK'S ECONOMIC CALENDAR:
######(**[CLICK HERE FOR THIS WEEK'S ECONOMIC CALENDAR!](https://i.imgur.com/wWv2RIG.png)**)

*****

#THIS WEEK'S UPCOMING IPO'S:
######(**[CLICK HERE FOR THIS WEEK'S UPCOMING IPO'S!](https://i.imgur.com/968QLzv.png)**)

*****

#THIS WEEK'S EARNINGS CALENDAR:
######(**[CLICK HERE FOR THIS WEEK'S EARNINGS CALENDAR!](https://i.imgur.com/03Kxnx1.png)**)

*****

#THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:
######(**[CLICK HERE FOR THIS MORNING'S EARNINGS CALENDAR!](https://i.imgur.com/3YQkP3F.jpg)**)

*****

#EARNINGS RELEASES BEFORE THE OPEN TODAY:
######(**[CLICK HERE FOR THIS MORNING'S EARNINGS RELEASES!](https://i.imgur.com/1NMfpXp.png)**)

*****

#EARNINGS RELEASES AFTER THE CLOSE TODAY:
######(**[CLICK HERE FOR THIS AFTERNOON'S EARNINGS RELEASES LINK #1!](https://i.imgur.com/E4Hd7xJ.png)**)
######(**[CLICK HERE FOR THIS AFTERNOON'S EARNINGS RELEASES LINK #2!](https://i.imgur.com/Ma18ROK.png)**)

*****

#YESTERDAY'S ANALYST UPGRADES/DOWNGRADES:
######(**[CLICK HERE FOR YESTERDAY'S ANALYST UPGRADES/DOWNGRADES LINK #1!](https://i.imgur.com/8GagANl.png)**)
######(**[CLICK HERE FOR YESTERDAY'S ANALYST UPGRADES/DOWNGRADES LINK #2!](https://i.imgur.com/bHXNSyG.png)**)
######(**[CLICK HERE FOR YESTERDAY'S ANALYST UPGRADES/DOWNGRADES LINK #3!](https://i.imgur.com/I8iVnua.png)**)

*****

#YESTERDAY'S INSIDER TRADING FILINGS:
######(**[CLICK HERE FOR YESTERDAY'S INSIDER TRADING FILINGS!](https://i.imgur.com/9xV4n0k.png)**)

*****

#TODAY'S DIVIDEND CALENDAR:
######(**[CLICK HERE FOR TODAY'S DIVIDEND CALENDAR!](https://i.imgur.com/1MDX5ly.png)**)

*****

#THIS MORNING'S MOST ACTIVE TRENDING TICKERS ON STOCKTWITS:

* EH
* SOS
* SHOP
* CBAT
* ALT
* RIOT
* GLBS
* AQMS
* AACQ
* MSTR

*****

#THIS MORNING'S STOCK NEWS MOVERS:

######(**source: [cnbc.com](https://www.cnbc.com/2021/02/17/stocks-making-the-biggest-moves-in-the-premarket-chevron-verizon-vir-biotechnology-more.html)**)

*****

> **Hilton Worldwide (HLT)** – The hotel operator reported a quarterly loss of 10 cents per share, surprising analysts who had expected a profit of 4 cents per share. Revenue also fell short of estimates. The loss came as Covid-19-related disruptions led to a 59.2% drop in comparable revenue per available room compared with a year ago. Hilton shares are down 2.3% in premarket trading.

> #**STOCK SYMBOL:** HLT

> * [CLICK HERE FOR CHART!](http://elite.finviz.com/chart.ashx?t=HLT&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)

> ######(**[CLICK HERE FOR LIVE STOCK QUOTE!](http://data.cnbc.com/quotes/HLT)**)

*****

> **Garmin (GRMN)** – The maker of fitness and navigation devices beat estimates by 44 cents a share, with quarterly profit of $1.73 per share. Revenue also topped analysts’ forecasts. Garmin saw strong growth in most of its segments, led by marine and outdoor. Its shares are higher by 1.9% in the premarket.

> #**STOCK SYMBOL:** GRMN

> * [CLICK HERE FOR CHART!](http://elite.finviz.com/chart.ashx?t=GRMN&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)

> ######(**[CLICK HERE FOR LIVE STOCK QUOTE!](http://data.cnbc.com/quotes/GRMN)**)

*****

> **Vir Biotechnology (VIR)** – Vir shares jumped 14.4% in premarket trading following an announcement that its Covid-19 antibody partnership with GlaxoSmithKline (GSK) will be expanded to research therapies for other diseases.

> #**STOCK SYMBOL:** VIR

> * [CLICK HERE FOR CHART!](http://elite.finviz.com/chart.ashx?t=VIR&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)

> ######(**[CLICK HERE FOR LIVE STOCK QUOTE!](http://data.cnbc.com/quotes/VIR)**)

*****

> **Shopify (SHOP)** – Shopify earned $1.58 per share for the fourth quarter, beating the $1.26 a share consensus estimate. Revenue came in above forecasts as well. Shopify benefited as more merchants adopted its e-commerce tools to sell their products and services online. Shares are up 1% in premarket action.

> #**STOCK SYMBOL:** SHOP

> * [CLICK HERE FOR CHART!](http://elite.finviz.com/chart.ashx?t=SHOP&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)

> ######(**[CLICK HERE FOR LIVE STOCK QUOTE!](http://data.cnbc.com/quotes/SHOP)**)

*****

> **Chevron (CVS), Verizon (VZ)** – Warren Buffett’s Berkshire Hathaway bought a $4.1 billion stake in Chevron and $8.6 billion in Verizon shares during the fourth quarter, according to Berkshire’s latest 13-F filing. Berkshire also sold its stakes in drugmaker Pfizer (PFE) and JPMorgan Chase (JPM) while trimming its holdings of Wells Fargo (WFC). Chevron is chalking up a 3.8% gain in the premarket, while Verizon is up by 3.6%.

> #**STOCK SYMBOL:** VZ

> * [CLICK HERE FOR CHART!](http://elite.finviz.com/chart.ashx?t=VZ&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)

> ######(**[CLICK HERE FOR LIVE STOCK QUOTE!](http://data.cnbc.com/quotes/VZ)**)

*****

> **Slack (WORK), Salesforce.com (CRM)** – Slack and Salesforce were asked by the Justice Department’s antitrust division to provide more information related to the $27.7 billion purchase of Slack by Salesforce. The deal is still expected to close by July 31. Slack shares dropped 2.4% in premarket trading.

> #**STOCK SYMBOL:** CRM

> * [CLICK HERE FOR CHART!](http://elite.finviz.com/chart.ashx?t=CRM&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)

> ######(**[CLICK HERE FOR LIVE STOCK QUOTE!](http://data.cnbc.com/quotes/CRM)**)

*****

> **Tribune Publishing (TPCO)** – Tribune will be taken private by hedge fund Alden Global for $17.25 per share in cash. Alden already had a 32% stake in the publisher of the Chicago Tribune, New York Daily News and Baltimore Sun newspapers. Tribune shares are up 6.5% in premarket action.

> #**STOCK SYMBOL:** TPCO

> * [CLICK HERE FOR CHART!](http://elite.finviz.com/chart.ashx?t=TPCO&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)

> ######(**[CLICK HERE FOR LIVE STOCK QUOTE!](http://data.cnbc.com/quotes/TPCO)**)

*****

> **Morningstar (MORN)** – Morningstar was sued by the Securities and Exchange Commission for allegedly violating securities laws in its commercial mortgage-backed securities ratings. The financial information provider said it had complied with all regulations and that it had stopped using the method in question in 2018. Morningstar shares slid 1% in premarket trading.

> #**STOCK SYMBOL:** MORN

> * [CLICK HERE FOR CHART!](http://elite.finviz.com/chart.ashx?t=MORN&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)

> ######(**[CLICK HERE FOR LIVE STOCK QUOTE!](http://data.cnbc.com/quotes/MORN)**)

*****

> **Treehouse Foods (THS)** – Jana Partners increased its stake in Treehouse to 7.3% and is pushing the packaged food company to explore options including a possible sale. In its quarterly 13-F filing, Jana also disclosed a new stake in medical lab operator LabCorp (LH).

> #**STOCK SYMBOL:** THS

> * [CLICK HERE FOR CHART!](http://elite.finviz.com/chart.ashx?t=THS&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)

> ######(**[CLICK HERE FOR LIVE STOCK QUOTE!](http://data.cnbc.com/quotes/THS)**)

*****

> **La-Z-Boy (LZB)** – La-Z-Boy shares fell 5.2% in the premarket after the furniture maker announced that CEO Kurt Darrow would retire on April 25, to be replaced by CFO Melinda Whittington. The furniture retailer also reported a drop in quarterly profit on higher costs due to Covid-19-related supply chain disruptions.

> #**STOCK SYMBOL:** LZB

> * [CLICK HERE FOR CHART!](http://elite.finviz.com/chart.ashx?t=LZB&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)

> ######(**[CLICK HERE FOR LIVE STOCK QUOTE!](http://data.cnbc.com/quotes/LZB)**)

*****

> **Cedar Fair (FUN)** – Cedar Fair reported a fourth-quarter loss of $105.5 million compared to a $2.78 billion profit a year earlier as the pandemic continued to impact attendance at the amusement park operator’s properties. Cedar Fair slid 1.6% in premarket action.

> #**STOCK SYMBOL:** FUN

> * [CLICK HERE FOR CHART!](http://elite.finviz.com/chart.ashx?t=FUN&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)

> ######(**[CLICK HERE FOR LIVE STOCK QUOTE!](http://data.cnbc.com/quotes/FUN)**)

*****

> **SolarEdge Technologies (SEDG)** – The maker of solar energy equipment beat estimates by 11 cents a share, with quarterly earnings of 98 cents per share. Revenue came in above estimates as well. It is also projecting better-than-expected sales for the current quarter, driven in part by a strong residential market in the United States. SolarEdge shares rose 3.2% in the premarket.

> #**STOCK SYMBOL:** SEDG

> * [CLICK HERE FOR CHART!](http://elite.finviz.com/chart.ashx?t=SEDG&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)

> ######(**[CLICK HERE FOR LIVE STOCK QUOTE!](http://data.cnbc.com/quotes/SEDG)**)

*****

> **QuantumScape (QS)** – QuantumScape shares jumped 6.2% in premarket trading, even though the electric vehicle battery maker reported a loss in its first quarterly release as a public company. Investors are encouraged by QuantumScape’s progress in developing multilayer battery cells.

> #**STOCK SYMBOL:** QS

> * [CLICK HERE FOR CHART!](http://elite.finviz.com/chart.ashx?t=QS&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)

> ######(**[CLICK HERE FOR LIVE STOCK QUOTE!](http://data.cnbc.com/quotes/QS)**)

*****

#**DISCUSS!**

What's on everyone's radar for today's trading day ahead here at r/StockMarket?

*****

# **I hope you all have an excellent trading day ahead today on this Wednesday, February 17th, 2021! :)**
https://www.reddit.com/r/StockMarket/comments/llumcw/217_wednesdays_premarket_stock_movers_news/

00vote
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments