(2/23) Tuesday’s Pre-Market Stock Movers & News – #stocks chatter

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(2/23) Tuesday's Pre-Market Stock Movers & News
#Good morning traders and investors of the r/StockMarket sub! Welcome to Tuesday! Here are your pre-market stock movers & news on this Tuesday, February 23, 2021-

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# [5 things to know before the stock market opens Tuesday](https://www.cnbc.com/2021/02/23/5-things-to-know-before-the-stock-market-opens-feb-23-2021.html)

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> # 1. Nasdaq set to sink again as Big Tech slide continues

> * U.S. stock futures were mostly lower Tuesday, pointing to a 1.4% decline in the Nasdaq, one day after the index sank nearly 2.5% in its worst single-day drop in almost a month. Tech stocks continued to slide in Tuesday’s premarket, with Apple down another 2% after closing lower by nearly 3% Monday.

> * Dow stock Home Depot dropped 2% in premarket trading on worries that Covid pandemic sales gains won’t last. A stock drop of that magnitude would put a major dent in modest year-to-date gains.

> * The S&P 500 on Monday fell almost 0.8%, in a fifth straight decline, its worst losing streak in nearly a year. The Dow Jones Industrial Averaged bucked Monday’s downdraft, closing slightly higher. It’s doing so again Tuesday morning. All three stock benchmarks remained stronger for the month.

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> # 2. Bond yields have been rising ahead of Powell’s testimony this week

> * As part of mandated semiannual economic testimony, Federal Reserve Chairman Jerome Powell goes to Capitol Hill twice this week, appearing Tuesday before the Senate Finance Committee and Wednesday before the House Financial Services Committee. Rising bond yields and accompanying inflation fears are adding a higher level of interest around Powell’s remarks. The 10-year Treasury yield, which moves inversely to price, was slightly lower Tuesday morning,. But it’s been rising lately and trading around 1.36%. It was as high as 1.39% on Monday, the highest level in about a year.

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> # 3. Bitcoin sinks below $50,000; Tesla shares drop again

> * Bitcoin plunged 12% Tuesday morning, sinking below $50,000. The world’s largest digital currency, still up 60% this year, hit an all-time high over $58,000 on Sunday. Price swings of more than 10% are not a rarity in crypto markets. Bitcoin once climbed to almost $20,000 in 2017 before shedding 80% the following year. Treasury Secretary Janet Yellen on Monday warned about those wild swings.

> * Shares of Tesla, which earlier this month revealed an investment in bitcoin, fell another 6% in Tuesday’s premarket. The stock sank more than 8.5% on Monday, in its biggest drop since late September 2020. To be sure, other tech stocks also suffered heavy losses Monday. Ahead of trading Tuesday, shares of Elon Musk’s electric auto maker was up just 1.25% this year. However, over the past 12 months, Tesla was up nearly 300%.

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> # 4. Home Depot, Macy’s report better than expected quarterly results

> * Home Depot’s fourth-quarter earnings and revenue surged past expectations Tuesday, as consumers continued to invest in their homes due to the pandemic and strength of the real estate market. However, shares dropped on comments from Home Depot’s CFO, questioning how long the pandemic would last and how that may influence consumer spending.

> * Shares of Macy’s rose more than 3.5% in the premarket after the retailer Tuesday morning reported its first quarterly profit in a year. Revenue in the fourth quarter also beat estimates as the company’s efforts to cut inventories during the holiday quarter and rely less on deep discounting paid off. Ahead of Tuesday’s trading, Macy’s shares were up 35% this year, though they struggled over the past 12 months.

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> # 5. Electric automaker led by ex-Tesla engineer to go public

> * Electric vehicle maker Lucid Motors plans to go public at an $11.75 billion combined equity valuation through a reverse merger with a blank-check company. The deal between California-based Lucid and Churchill Capital Corp IV is the largest in a series of such tie-ups involving EV companies and special purpose acquisition companies, better known as SPACs. Shares of CCIV fell more than 30% in the premarket. But speculation about the deal pushed the SPAC stock up 470% this year alone. Lucid is led by ex-Tesla engineering executive and automotive veteran Peter Rawlinson.

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

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#YESTERDAY'S MARKET MAP:
######(**[CLICK HERE FOR YESTERDAY'S MARKET MAP!](https://i.imgur.com/nh32H4C.png)**)

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

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

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

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#TODAY'S ECONOMIC CALENDAR:
######(**[CLICK HERE FOR TODAY'S ECONOMIC CALENDAR!](https://i.imgur.com/GqC0Wpr.png)**)

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

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

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#THIS WEEK'S EARNINGS CALENDAR:
######(**[CLICK HERE FOR THIS WEEK'S EARNINGS CALENDAR!](https://i.imgur.com/uT5kxuP.png)**)

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#THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:
######(**[CLICK HERE FOR THIS MORNING'S EARNINGS CALENDAR!](https://i.imgur.com/X3QHyB3.jpg)**)

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#EARNINGS RELEASES BEFORE THE OPEN TODAY:
######(**[CLICK HERE FOR THIS MORNING'S EARNINGS RELEASES!](https://i.imgur.com/Xj9NIWe.png)**)

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#EARNINGS RELEASES AFTER THE CLOSE TODAY:
######(**[CLICK HERE FOR THIS AFTERNOON'S EARNINGS RELEASES LINK #1!](https://i.imgur.com/ceMrg4D.png)**)
######(**[CLICK HERE FOR THIS AFTERNOON'S EARNINGS RELEASES LINK #2!](https://i.imgur.com/JwEoQ16.png)**)

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#YESTERDAY'S ANALYST UPGRADES/DOWNGRADES:
######(**[CLICK HERE FOR YESTERDAY'S ANALYST UPGRADES/DOWNGRADES LINK #1!](https://i.imgur.com/roUylhe.png)**)
######(**[CLICK HERE FOR YESTERDAY'S ANALYST UPGRADES/DOWNGRADES LINK #2!](https://i.imgur.com/ttppoOf.png)**)
######(**[CLICK HERE FOR YESTERDAY'S ANALYST UPGRADES/DOWNGRADES LINK #3!](https://i.imgur.com/LwYb3Ms.png)**)

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#YESTERDAY'S INSIDER TRADING FILINGS:
######(**[CLICK HERE FOR YESTERDAY'S INSIDER TRADING FILINGS!](https://i.imgur.com/gs9zcaT.png)**)

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#TODAY'S DIVIDEND CALENDAR:
######(**[CLICK HERE FOR TODAY'S DIVIDEND CALENDAR!](https://i.imgur.com/aBr8P6f.png)**)

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

* CCIV
* TSLA
* NIO
* SPY
* ARKK
* BTC.X
* QQQ
* ETH.X
* PLX
* OCGN

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#THIS MORNING'S STOCK NEWS MOVERS:

######(**source: [cnbc.com](https://www.cnbc.com/2021/02/23/stocks-making-the-biggest-moves-premarket-home-depot-palo-alto-networks-shopify-amc.html)**)

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> **Home Depot (HD)** – The home improvement retailer beat quarterly estimates by 3 cents with earnings of $2.65 per share. Revenue came in above estimates as well. Comparable store sales jumped 24.5% during the fourth quarter, more than the 19.2% consensus estimate of analysts polled by FactSet. Home Depot is not providing 2021 guidance, however, due to pandemic-related uncertaint. Shares fell 2.7% premarket.

> #**STOCK SYMBOL:** HD

> * [CLICK HERE FOR CHART!](http://elite.finviz.com/chart.ashx?t=HD&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/HD)**)

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> **Macy’s (M)** – The retailer reported an adjusted quarterly profit of 80 cents per share, well above the 12 cent consensus estimate, with revenue also coming in above Wall Street forecasts. Comparable store sales fell 17.1% on an owned + licensed basis, smaller than the 21.3% drop anticipated by analysts surveyed by Refinitiv. Macy’s stock rose 2.2% in premarket action.

> #**STOCK SYMBOL:** M

> * [CLICK HERE FOR CHART!](http://elite.finviz.com/chart.ashx?t=M&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/M)**)

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> **Tesla (TSLA)** — Tesla shares fell more than 5% in premarket trading on Tuesday, after suffering their biggest single-day loss in months on Monday. Wedbush analyst Dan Ives warns Tesla’s share price is now directly linked to the price of bitcoin after the electric vehicle maker’s investment in the cryptocurrency.

> #**STOCK SYMBOL:** TSLA

> * [CLICK HERE FOR CHART!](http://elite.finviz.com/chart.ashx?t=TSLA&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/TSLA)**)

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> **Palo Alto Networks (PANW)** – Palo Alto Networks reported adjusted quarterly earnings of $1.55 per share, 12 cents above estimates, with the cybersecurity company’s revenue also beating forecasts. Palo Alto issued a mostly weaker-than-expected current quarter earnings outlook, but did note the opportunities provided by the massive SolarWinds hack. Shares were down 3.7% premarket.

> #**STOCK SYMBOL:** PANW

> * [CLICK HERE FOR CHART!](http://elite.finviz.com/chart.ashx?t=PANW&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/PANW)**)

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> **Churchill Capital IV (CCIV)** - Lucid Motors will go public through a merger with the blank-check company in a deal that values the combination at $24 billion. The deal would inject $4.4 billion into the California-based luxury electric vehicle maker. Churchill Capital shares tumbled 34.5% in premarket trading.

> #**STOCK SYMBOL:** CCIV

> * [CLICK HERE FOR CHART!](http://elite.finviz.com/chart.ashx?t=CCIV&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/CCIV)**)

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> **InterContinental Hotels Group (IHG)** – IHG reported a $153 million operating loss for 2020, hurt by the Covid-19 pandemic and resulting lockdowns. However, the company said its Holiday Inn Express brand outperformed in key markets and that global travel is beginning to recover. Shares rose 1.2% premarket.

> #**STOCK SYMBOL:** IHG

> * [CLICK HERE FOR CHART!](http://elite.finviz.com/chart.ashx?t=IHG&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/IHG)**)

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> **Johnson & Johnson (JNJ)** – J&J is setting aside $3.9 billion in connection with talc-related litigation, according to an SEC filing. In November, the company said it would set aside $2.1 billion for talc cases, as it faces thousands of lawsuits claiming its talc products caused cancer.

> #**STOCK SYMBOL:** JNJ

> * [CLICK HERE FOR CHART!](http://elite.finviz.com/chart.ashx?t=JNJ&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/JNJ)**)

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> **Occidental Petroleum (OXY)** – Occidental lost an adjusted 78 cents per share for its latest quarter, wider than the 59-cent loss that analysts were anticipating. Revenue missed forecasts as well. The miss came despite a rebound in oil and gas prices. Shares fell 2.2% premarket.

> #**STOCK SYMBOL:** OXY

> * [CLICK HERE FOR CHART!](http://elite.finviz.com/chart.ashx?t=OXY&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/OXY)**)

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> **Shopify (SHOP)** – Shopify priced a 1.18 million share offering at $1,315 per share, with the e-commerce platform provider expecting to raise about $1.55 billion from the sale. Shopify plans to use the proceeds to strengthen its balance sheet. Shares fell 5.5% 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)**)

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> **Carnival (CCL)** – The cruise line operator’s shares fell 3.4% premarket after it priced an offering of about 40.45 million common shares at $25.10 per share, with the cruise line operator seeking to raise about $1 billion to be used for general corporate purposes. The cruise industry has been shut down during the pandemic.

> #**STOCK SYMBOL:** CCL

> * [CLICK HERE FOR CHART!](http://elite.finviz.com/chart.ashx?t=CCL&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/CCL)**)

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> **The RealReal (REAL)** – The RealReal lost an adjusted 49 cents per share for its latest quarter and posted revenue that also fell short of analyst forecasts. The secondhand luxury goods seller’s said 2020 was a challenging year, with the pandemic “temporarily disrupting” its path to profitability. The stock dropped 10.8% premarket.

> #**STOCK SYMBOL:** REAL

> * [CLICK HERE FOR CHART!](http://elite.finviz.com/chart.ashx?t=REAL&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/REAL)**)

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> **ZoomInfo (ZI)** – ZoomInfo rose 8.1% premarket after it beat estimates by 2 cents with adjusted quarterly earnings of 12 cents per share. The marketing database provider’s revenue beat forecasts as well. ZoomInfo also provided an upbeat outlook for the current quarter and full year.

> #**STOCK SYMBOL:** ZI

> * [CLICK HERE FOR CHART!](http://elite.finviz.com/chart.ashx?t=ZI&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/ZI)**)

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> **AMC Entertainment (AMC)** – The movie theater operator’s shares jumped 3.4% premarket following news that New York City movie theaters will reopen with limited capacity on March 5.

> #**STOCK SYMBOL:** AMC

> * [CLICK HERE FOR CHART!](http://elite.finviz.com/chart.ashx?t=AMC&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/AMC)**)

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> **Wells Fargo (WFC)** – The bank announced a deal to sell its Wells Fargo Asset Management unit to private equity firms GTCR and Reverence Capital for $2.1 billion. Wells Fargo will retain a 9.9% stake in the business.

> #**STOCK SYMBOL:** WFC

> * [CLICK HERE FOR CHART!](http://elite.finviz.com/chart.ashx?t=WFC&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/WFC)**)

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> **Dollar General (DG)** – Dollar General is taking steps to find a potential successor to CEO Todd Vasos, according to people familiar with the matter who spoke to Reuters. The sources say Vasos had not communicated any intention to leave the discount retailer when his contract expires in June, calling the process “good governance.”

> #**STOCK SYMBOL:** DG

> * [CLICK HERE FOR CHART!](http://elite.finviz.com/chart.ashx?t=DG&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/DG)**)

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#**DISCUSS!**

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

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# **I hope you all have an excellent trading day ahead today on this Tuesday, February 23rd, 2021! :)**
https://www.reddit.com/r/StockMarket/comments/lqivsk/223_tuesdays_premarket_stock_movers_news/

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