(3/2) Tuesday’s Pre-Market Stock Movers & News – #stocks chatter

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(3/2) 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, March 2nd, 2021-

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# [5 things to know before the stock market opens Tuesday](https://www.cnbc.com/2021/03/02/5-things-to-know-before-the-stock-market-opens-march-2-2021.html)

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> # 1. Stocks set to drop after S&P 500′s best day since June

> * U.S. stock futures dipped Tuesday after starting March with a broad rally. Shaking off the late February rough patch, the S&P 500 on Monday gained 2.4% for its biggest one-day advance since June. Covid vaccine optimism and the 10-year Treasury yield off its one-year high spurred stocks. The Dow Jones Industrial Average jumped 603 points, or 2%. The Nasdaq, which shed 4.9% in last week’s tech sell-off, popped 3%. The Dow and Nasdaq had their best sessions since November.

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> # 2. Target, Kohl’s quarterly results beat estimates

> * Target on Tuesday exceeded Wall Street’s expectations for the fourth quarter, thanks to a strong holiday season and stimulus checks. Still, Target declined to provide a forecast for the year ahead, saying the pandemic has made it too difficult to predict consumer patterns. Target reported adjusted quarterly earnings of $2.67 per share on revenue of $28.34 billion, which jumped 21% year over year. Shares were little changed.

> * Shares of Kohl’s rose nearly 2% in premarket trading after the department store chain Tuesday delivered adjusted fourth-quarter earnings of $2.22 per share, more than double estimates. Revenue of $5.88 billion, which fell 10% year over year, was slightly better than expectations. Kohl’s said it sees sales growth in 2021.

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> # 3. Zoom Video shares surge after earnings, sales skyrocket

> * Shares of Zoom Video Communications rose 8% in Tuesday’s premarket, the morning after the company reported adjusted fourth-quarter profit of $1.22 per share, crushing estimates by 43 cents. Revenue surged 369% year-over-year to $882.5 million, also beating forecasts. Zoom, which became all the rage during Covid, issued an upbeat current quarter forecast in anticipation of millions of people and businesses continuing to use its video-calling platform.

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> # 4. Senate Democrats work on their version of Covid relief bill

> * Democrats’ hopes of including a federal minimum wage increase in their $1.9 trillion Covid relief bill seemed all but dead, four days after the nonpartisan Senate parliamentarian said the chamber’s rules prohibited its inclusion. Senate Democrats hope to unveil their version of the House-passed package and begin debate as early as Wednesday. Congressional leaders want to send President Joe Biden the measure by March 14, when a federal jobless benefits boost, approved in December’s aid measure, is set to expire.

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> # 5. Sen. Elizabeth Warren introduces a wealth tax

> * Sen. Elizabeth Warren revived the idea of a wealth tax, which was central to her failed bid to become the 2020 Democratic presidential nominee. Sen. Bernie Sanders, who also ran unsuccessfully for president last year advocating a wealth tax, is among the co-sponsors for the Ultra-Millionaire Tax Act. The bill, unveiled Monday, proposes a 2% annual tax on wealth ranging from $50 million to $1 billion and a 3% annual tax on wealth over $1 billion.

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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/DvyW1w5.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/lsFuLQ9.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/6lz8dbc.png)**)

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#THIS WEEK'S ECONOMIC CALENDAR:
######(**[CLICK HERE FOR THIS WEEK'S ECONOMIC CALENDAR!](https://i.imgur.com/zRvHdP7.png)**)

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#THIS WEEK'S UPCOMING IPO'S:
######(**[CLICK HERE FOR THIS WEEK'S UPCOMING IPO'S!](https://i.imgur.com/PbURZ3R.png)**)

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

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#THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:
######(**[CLICK HERE FOR THIS MORNING'S EARNINGS CALENDAR!](https://i.imgur.com/eifOGQ4.jpg)**)

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#EARNINGS RELEASES BEFORE THE OPEN TODAY:
######(**[CLICK HERE FOR THIS MORNING'S EARNINGS RELEASES!](https://i.imgur.com/0gNg2zN.png)**)

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

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#YESTERDAY'S ANALYST UPGRADES/DOWNGRADES:
######(**[CLICK HERE FOR YESTERDAY'S ANALYST UPGRADES/DOWNGRADES LINK #1!](https://i.imgur.com/1uB1gET.png)**)
######(**[CLICK HERE FOR YESTERDAY'S ANALYST UPGRADES/DOWNGRADES LINK #2!](https://i.imgur.com/R1PMgTX.png)**)
######(**[CLICK HERE FOR YESTERDAY'S ANALYST UPGRADES/DOWNGRADES LINK #3!](https://i.imgur.com/9xDq1mF.png)**)

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#YESTERDAY'S INSIDER TRADING FILINGS:
######(**[CLICK HERE FOR YESTERDAY'S INSIDER TRADING FILINGS LINK #1!](https://i.imgur.com/ZWtp2wv.png)**)
######(**[CLICK HERE FOR YESTERDAY'S INSIDER TRADING FILINGS LINK #2!](https://i.imgur.com/fNaHXMS.png)**)

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#TODAY'S DIVIDEND CALENDAR:
######(**[CLICK HERE FOR TODAY'S DIVIDEND CALENDAR!](https://i.postimg.cc/J0Ysm2SN/divical2.png)**)

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

* RKT
* KMPH
* NNVC
* NIO
* GNOG
* ZM
* KOPN
* XPEV
* SE
* ATOM

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#THIS MORNING'S STOCK NEWS MOVERS:

######(**source: [cnbc.com](https://www.cnbc.com/2021/03/02/stocks-making-the-biggest-moves-in-the-premarket-zoom-video-novavax-nio-more.html)**)

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> **Zoom Video (ZM)** – Zoom reported quarterly profit of $1.22 per share, beating the consensus estimate of 79 cents a share. Revenue also topped forecasts, and Zoom gave an upbeat current-quarter forecast in anticipation of millions continuing to use its video messaging platform. Its shares jumped 7.4% premarket.

> #**STOCK SYMBOL:** ZM

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

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> **Novavax (NVAX)** – Novavax lost $2.70 per share for its latest quarter, wider than the $1.49 per share loss that analysts were anticipating. The drugmaker’s revenue also came in below Wall Street estimates. Novavax said its Covid-19 vaccine could be cleared for use in the U.S. as soon as May, depending on whether regulators are willing to authorize it based on the results of a British trial. Novavax shares fell 5.1% in the premarket.

> #**STOCK SYMBOL:** NVAX

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

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> **Target (TGT)** – The retailer reported quarterly earnings of $2.67 per share, 13 cents a share above estimates. Revenue also exceeded analysts’ projections. Comparable-store sales jumped 20.5%, better than the 16.8% predicted by analysts surveyed by FactSet. Target also saw digital sales more than double. Its shares rose 1% in premarket trading.

> #**STOCK SYMBOL:** TGT

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

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> **Kohl’s (KSS)** – Kohl’s reported quarterly profit of $2.22 per share, including $1.15 a share in incremental tax benefits. That compared with a $1.01 a share consensus estimate. Revenue beat forecasts, and Kohl’s announced that it would reinstate its dividend and share buyback program this year. It also forecast sales growth for 2021. The retailer’s shares rose 1.6% in premarket action.

> #**STOCK SYMBOL:** KSS

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

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> **Nio (NIO)** – Nio fell 5.2% in premarket trading after it reported a larger-than-expected loss for its latest quarter. The China-based electric vehicle maker also issued a sales forecast for the current quarter that shows slower than expected growth.

> #**STOCK SYMBOL:** NIO

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

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> **Kontoor Brands (KTB)** – The company behind the Lee and Wrangler apparel brands earned $1.23 per share for its latest quarter, compared with a consensus estimate of 97 cents a share. Revenue came in above estimates as well, driven by strength in digital sales. Kontoor Brands also gave a better-than-expected full-year earnings forecast. Its shares were up 3.1% in the premarket.

> #**STOCK SYMBOL:** KTB

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

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> **AutoZone (AZO)** – The auto parts retailer reported quarterly profit of $14.93 per share, beating the consensus estimate of $12.84 a share. Revenue came in above estimates as well. Comparable-store sales rose 15.2% compared to a consensus FactSet estimate of up 8.6%.

> #**STOCK SYMBOL:** AZO

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

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> **Beyond Meat (BYND)** – Shares of the plant-based food maker are up 1.2% in the premarket after Citi upgraded the stock to “buy” from “neutral.” Citi believes sales and cost issues that impacted the most recent quarter are temporary. The stock had initially fallen in off-hours trading Monday after Beyond Meat said it planned to raise $750 million in a convertible notes offering.

> #**STOCK SYMBOL:** BYND

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

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> **Nike (NKE)** – Nike North American business chief Ann Hebert has left the athletic footwear and apparel maker, with Nike saying it will announce a replacement shortly. Hebert’s departure follows a report that her son used a credit card in her name to purchase sneakers for his resale company.

> #**STOCK SYMBOL:** NKE

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

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> **MercadoLibre (MELI)** – MercadoLibre fell 2.4% premarket, despite reporting record quarterly revenue and beating analysts’ forecasts. The Argentine e-commerce giant benefited from a surge in online shopping and digital payments in the Latin American market.

> #**STOCK SYMBOL:** MELI

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

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> **Roku (ROKU)** – Roku is buying Nielsen’s (NLSN) digital advertising business for an undisclosed amount, allowing it to offer more targeted ads on its streaming platform. Roku gained 1.3% premarket, while Nielsen rose 6.8%.

> #**STOCK SYMBOL:** ROKU

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

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> **Lemonade (LMND)** – Lemonade lost 60 cents per share for its latest quarter, 5 cents a share less than anticipated. The online insurance company’s revenue came in above estimates, however Lemonade issued a weaker-than-expected outlook for the current quarter. Its shares fell 6% in the premarket.

> #**STOCK SYMBOL:** LMND

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

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> **Square (SQ)** – Square gained 4.4% in premarket trading after announcing that it began operations for its in-house bank, Square Financial Services. The digital payments company’s bank will offer business loans to Square sellers.

> #**STOCK SYMBOL:** SQ

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

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> **Score Media and Gaming (SCR)** – Score Media rose 7.1% premarket after it said underwriters of its recent initial public offering fully exercised their over-allotment option. That brings the total money raised by the sports betting company’s IPO to $186.3 million.

> #**STOCK SYMBOL:** SCR

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

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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, March 2nd, 2021! :)**
https://www.reddit.com/r/StockMarket/comments/lw26rh/32_tuesdays_premarket_stock_movers_news/

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