(3/24) Wednesday’s Pre-Market Stock Movers & News – #stocks chatter

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(3/24) 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, March 24th, 2021-

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# [5 things to know before the stock market opens Wednesday](https://www.cnbc.com/2021/03/24/stocks-making-the-biggest-moves-in-the-premarket-intel-gamestop-viacomcbs-more.html)

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> # 1. Stocks set to bounce after Tuesday’s broad sell-off

> * U.S. stock futures bounced Wednesday, especially Nasdaq futures, one day after a broad sell-off sent Wall Street lower. Investors grew concerned about Covid reopening plans as cases ticked higher in many U.S. states despite vaccinations. Germany and France are among the European nations tightening restrictions again as a new wave of infections sweeps a continent that’s seen a sluggish vaccine rollout. The 10-year U.S. Treasury yield on Wednesday continued to back off last week’s 14-month highs. The Dow Jones Industrial Average and S&P 500 on Tuesday each lost nearly 1%, while the Nasdaq lost more than 1%.

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> # 2. Yellen, Powell set for Day 2 of economic testimony

> * Treasury Secretary Janet Yellen and Federal Reserve Chairman Jerome Powell are set to deliver a second day of economic testimony to lawmakers as required quarterly by the March 2020 Covid relief act. They will appear remotely before the Senate Banking Committee at 10 a.m. ET. On Tuesday, they told the House Financial Services Committee that elevated asset valuations in pockets of the markets are not reasons for alarm yet. Yellen and Powell also said they’re confident in the stability of the financial sector as the U.S. economy continues to recover from the pandemic.

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> # 3. GameStop sinks after acknowledgement of possible share sale

> * GameStop shares fell 12% in Wednesday’s premarket after the company acknowledged in a filing that it’s considering selling additional equity shares. The stock soared more than 2,400% in January’s Reddit-fueled trading frenzy before crashing. It mounted a comeback in late February and earlier this month on hopes for a digital transformation. However, shares in recent days moved lower. After the closing bell Tuesday, GameStop missed on the top and bottom lines with quarterly results. But it did see e-commerce sales jump 175% for the quarter. The company also named former Amazon and Google executive Jenna Owens as its new chief operating officer.

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> # 4. Intel to build new chip plants; Amazon names new cloud chief

> * Dow stock Intel rose about 4% in premarket trading after the company said late Tuesday it will spend $20 billion to build two new semiconductor factories in Arizona. The announcement, coinciding with new CEO Pat Gelsinger’s first public remarks since taking over the job, signals that Intel will continue to focus on manufacturing during industry shifts that have led competitors to increasingly separate chip design and chip fabrication.

> * Incoming Amazon CEO Andy Jassy, head of the company’s cloud business for the past 15 years, revealed his Amazon Web Services successor in a memo to employees. Adam Selipsky, a former Amazon executive and currently CEO of Salesforce-owned data-visualization software maker Tableau, was chosen to run the AWS division.

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> # 5. Elon Musk says people can now buy a Tesla with bitcoin

> * Elon Musk announced late Tuesday that it’s now possible to buy Tesla vehicles in the U.S. with bitcoin. “You can now buy a Tesla with Bitcoin,” tweeted CEO Musk, who was also officially made the “Technoking of Tesla” this month. People outside the U.S. will be able to buy a Tesla with bitcoin “later this year,” Musk said, without specifying which countries. The electric auto maker in February revealed it bought $1.5 billion worth of bitcoin. At the time, Tesla said it would soon start accepting the world’s biggest and most popular cryptocurrency as a form of payment.

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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/pjP3Ac9.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/kx6utOV.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 LINK #1!](https://i.imgur.com/xFEbF0t.png)**)
######(**[CLICK HERE FOR TODAY'S ECONOMIC CALENDAR LINK #2!](https://i.imgur.com/snKSzkw.png)**)

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#THIS WEEK'S ECONOMIC CALENDAR:
######(**[CLICK HERE FOR THIS WEEK'S ECONOMIC CALENDAR!](https://i.imgur.com/AUV1ojJ.png)**)

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#THIS WEEK'S UPCOMING IPO'S:
######(**[CLICK HERE FOR THIS WEEK'S UPCOMING IPO'S LINK #1!](https://i.imgur.com/dhb2AU0.png)**)
######(**[CLICK HERE FOR THIS WEEK'S UPCOMING IPO'S LINK #2!](https://i.imgur.com/PjMcv18.png)**)

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

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#THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:
######(**[CLICK HERE FOR THIS MORNING'S EARNINGS CALENDAR!](https://i.imgur.com/CM3amty.jpg)**)

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#EARNINGS RELEASES BEFORE THE OPEN TODAY:
######(**[CLICK HERE FOR THIS MORNING'S EARNINGS RELEASES!](https://i.imgur.com/o5LeZwR.png)**)

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#EARNINGS RELEASES AFTER THE CLOSE TODAY:
######(**[CLICK HERE FOR THIS AFTERNOON'S EARNINGS RELEASES LINK!](https://i.imgur.com/39fauCJ.png)**)

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#YESTERDAY'S ANALYST UPGRADES/DOWNGRADES:
######(**[CLICK HERE FOR YESTERDAY'S ANALYST UPGRADES/DOWNGRADES LINK #1!](https://i.imgur.com/ZRF4RIv.png)**)
######(**[CLICK HERE FOR YESTERDAY'S ANALYST UPGRADES/DOWNGRADES LINK #2!](https://i.imgur.com/cjeUB6Y.png)**)
######(**[CLICK HERE FOR YESTERDAY'S ANALYST UPGRADES/DOWNGRADES LINK #3!](https://i.imgur.com/FBwox6x.png)**)

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#YESTERDAY'S INSIDER TRADING FILINGS:
######(**[CLICK HERE FOR YESTERDAY'S INSIDER TRADING FILINGS!](https://i.imgur.com/pQ6dktg.png)**)

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#TODAY'S DIVIDEND CALENDAR:
######(**[CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK!](https://i.imgur.com/CLdA2Wx.png)**)

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

* YVR
* INTC
* MP
* BFT
* PLBY
* SLS
* TSM
* VIAC
* FNKO
* ADBE

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#THIS MORNING'S STOCK NEWS MOVERS:

######(**source: [cnbc.com](https://www.cnbc.com/2021/03/23/stocks-making-the-biggest-moves-in-the-premarket-astrazeneca-viacomcbs-sunrun-more.html)**)

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> **Intel (INTC)** – Intel said it would spend $20 billion to build two new plants at existing facilities in Arizona, in an effort to grab more market shares and fill gaps created by a worldwide chip shortage. Intel aims to start production at the new plants by 2024. Intel shares rose 4% in premarket trading, while shares of competitor Taiwan Semiconductor (TSM) fell 2.1% following Intel’s announcement.

> #**STOCK SYMBOL:** INTC

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

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> **GameStop (GME)** – GameStop reported quarterly earnings of $1.34 per share, missing forecasts by a penny a share. Revenue also came in below consensus. The videogame retailer did not address the Reddit-fueled trading frenzy in its stock during its earnings conference call, but in a Securities and Exchange Commission filing said it was considering the idea of raising money by selling shares to fund its ongoing transformation. The stock tumbled 12% in premarket trading.

> #**STOCK SYMBOL:** GME

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

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> **ViacomCBS (VIAC)** – The media company’s shares fell another 7% in the premarket after sinking 9.1% Tuesday on news of a $3 billion stock offering.

> #**STOCK SYMBOL:** VIAC

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

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> **General Mills (GIS)** – The food producer fell 2 cents a share shy of Wall Street forecasts, with quarterly earnings of 82 cents per share. Revenue exceeded estimates and General Mills said expects demand for food at home to remain elevated relative to pre-pandemic levels. Its shares were down 1.9% in the premarket.

> #**STOCK SYMBOL:** GIS

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

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> **Winnebago (WGO)** – The company’s shares gained 3.7% in premarket action after the recreational vehicle maker reported quarterly profit of $2.12 per share, compared to a $1.42 a share consensus estimate. Revenue topped analysts’ forecasts and Winnebago saw a nearly 6 percentage point expansion in gross margins during the quarter.

> #**STOCK SYMBOL:** WGO

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

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> **Adobe (ADBE)** – Adobe beat estimates by 35 cents a share, with quarterly profit of $3.14 per share. The software company’s revenue came in above estimates as well and Adobe issued strong current-quarter and full-year earnings guidance on strength in its flagship Creative Cloud suite and other cloud-based offerings. Adobe rose 1.2% in premarket action.

> #**STOCK SYMBOL:** ADBE

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

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> **Amazon.com (AMZN)** – Amazon named Adam Selipsky as CEO of its Amazon Web Services unit, effective when current chief Andy Jassy replaces Jeff Bezos as Amazon CEO later this year. Selipsky had been an executive at Amazon Web Services to become CEO of Tableau Software, which has since been acquired by Salesforce.com (CRM). Amazon rose 1% in premarket trading.

> #**STOCK SYMBOL:** AMZN

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

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> **Bank of New York Mellon (BK)** – The bank’s shares climbed 1.3% in the premarket following a double upgrade from Bank of America Securities to “buy” from “underperform.” BofA said its call is based on attractive valuation as well as an improving profit outlook.

> #**STOCK SYMBOL:** BK

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

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> **Exxon Mobil (XOM)** – Exxon Mobil’s debt ratings were downgraded by rating agency Moody’s to Aa2 from Aa1, pointing to the energy giant’s aim to maintain its dividend. Moody’s said that policy will slow debt reduction at Exxon Mobil.

> #**STOCK SYMBOL:** XOM

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

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> **AMC Entertainment (AMC)** – AMC shares fell another 2.1% in premarket trading following Walt Disney’s (DIS) announcement that it would delay the release of its “Black Widow” movie by two months, and offer it simultaneously in theaters and on its Disney+ service for a fee. The movie theater operator’s shares had plummeted 14.7% yesterday and 10.3% on Monday.

> #**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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> **Steelcase (SCS)** – Steelcase earned 6 cents per share for its latest quarter, compared to a consensus estimate of a 1 cent per share loss. The office furniture maker’s revenue came in above forecasts as well. The company gave a weaker-than-expected forecast, however, as demand for office products continues to be weak. Its shares lost 3.4% in the premarket.

> #**STOCK SYMBOL:** SCS

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

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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 Wednesday, March 24th, 2021! :)**
https://www.reddit.com/r/StockMarket/comments/mc4rry/324_wednesdays_premarket_stock_movers_news/

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