(3/26) Friday’s Pre-Market Stock Movers & News – #stocks chatter

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(3/26) Friday's Pre-Market Stock Movers & News
#Good morning traders and investors of the r/StockMarket sub! Welcome to the final trading day of the week. Here are your pre-market movers & news this AM-

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#[5 things to know before the stock market opens Friday](https://www.cnbc.com/2021/03/26/5-things-to-know-before-the-stock-market-opens-friday-march-26.html)

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> # 1. Stocks try to recover from Thursday’s tech rout

> * Dow and S&P 500 futures Friday added to Thursday’s late-session comeback, which saw Wall Street break a two-day losing streak, putting the Dow Jones Industrial Average and S&P 500 at about breakeven for the week. The Dow closed up 199 points, boosted by economic comeback stocks, after losing as much as 348 points earlier Thursday. Nasdaq futures turned lower Friday after the index closed slightly higher. However, it remained 1.8% lower for the week. The 10-year Treasury yield was up Friday but still below recent 14-month highs.

> * The Commerce Department is out with personal income and spending figures for February at 8:30 a.m. ET. Economists expect an income drop of 7%. Spending is also seen dropping by 0.8%. In January, income jumped 10%, its biggest monthly gain since April, as Americans received stimulus checks approved in December. Spending in January increased by 2.4%. In the coming months, another round of stimulus checks, approved in March, could start showing up in the data.

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> # 2. Office-sharing company WeWork signs new deal to go public

> * WeWork, which pulled its IPO in 2019 after a dwindling valuation and resignation of co-founder Adam Neumann, has reached a new deal to go public. The office-sharing company agreed on Friday to merge with special purpose acquisition company BowX Acquisition Corp. The transaction values WeWork at $9 billion, a fraction of its one-time valuation of around $47 billion. Following the announcement, shares of BowX rose 2.5% in Friday premarket.

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> # 3. GameStop shares to open higher after soaring over 50%

> * GameStop shares jumped roughly 10% in Friday’s premarket, the morning after snapping a five-session losing streak and closing 52% higher. There was no apparent news Thursday. GameStop has been the most high-profile “meme stock,” popular among retail traders on Reddit and other social media platforms. The stock lost about a third of its value Wednesday after the video game retailer delivered disappointing fourth-quarter results, failed to give in-depth detail about its digital turnaround plans, and acknowledged it’s considering selling more stock.

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> # 4. Tesla ordered to have Elon Musk delete anti-union tweet

> * The National Labor Relations Board told Tesla to make Elon Musk delete a tweet that was seen as threatening to labor organizers within the company. The independent federal agency also ordered Tesla to reinstate a fired employee, Richard Ortiz, a union advocate. Tesla must also compensate Ortiz for loss of earnings, benefits and adverse tax consequences that resulted from his termination. The NLRB decision was largely in line with an administrative law judge’s ruling from 2019, which Tesla had appealed to the full board.

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> # 5. Suez Canal blockage delays estimated $400 million an hour in goods

> * The Ever Given, a stranded mega container ship in the Suez Canal, is holding up an estimated $400 million per hour in trade, based on the approximate value of goods that move through the key waterway every day. That’s according to shipping data and news company Lloyd’s List. Lloyd’s values the canal’s westbound traffic at roughly $5.1 billion a day, and eastbound traffic at around $4.5 billion a day. The Suez Canal, which separates Africa from Asia, is one of the busiest trade routes in the world.

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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/zAEHATN.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/n7CxObP.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/4yKwazS.png)**)

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#NEXT WEEK'S ECONOMIC CALENDAR:
######(**[CLICK HERE FOR NEXT WEEK'S ECONOMIC CALENDAR!](https://i.imgur.com/Bubz3RQ.png)**)

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

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#NEXT WEEK'S EARNINGS CALENDAR:
######(**[CLICK HERE FOR NEXT WEEK'S EARNINGS CALENDAR!]()**)
(T.B.A. THIS WEEKEND.)

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#THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:
######(**[CLICK HERE FOR THIS MORNING'S EARNINGS CALENDAR!]()**)
(N/A.)

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#EARNINGS RELEASES BEFORE THE OPEN TODAY:
######(**[CLICK HERE FOR THIS MORNING'S EARNINGS RELEASES!](https://i.imgur.com/0I900FF.png)**)

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#EARNINGS RELEASES AFTER THE CLOSE TODAY:
######(**[CLICK HERE FOR THIS AFTERNOON'S EARNINGS RELEASES!]()**)
(NONE.)

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#YESTERDAY'S ANALYST UPGRADES/DOWNGRADES:
######(**[CLICK HERE FOR YESTERDAY'S ANALYST UPGRADES/DOWNGRADES LINK #1!](https://i.imgur.com/hhS2k1k.png)**)
######(**[CLICK HERE FOR YESTERDAY'S ANALYST UPGRADES/DOWNGRADES LINK #2!](https://i.imgur.com/aAIQNYZ.png)**)

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#YESTERDAY'S INSIDER TRADING FILINGS:
######(**[CLICK HERE FOR YESTERDAY'S INSIDER TRADING FILINGS!](https://i.imgur.com/fJv3eek.png)**)

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

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

* NIO
* ATNF
* VUZI
* ADA.X
* MAC
* RLX
* SOL
* ROOT
* GLBS
* XRP.X

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#THIS MORNING'S STOCK NEWS MOVERS:

######(**source: [cnbc.com](https://www.cnbc.com/2021/03/26/stocks-making-the-biggest-moves-in-the-premarket-msg-entertainment-bowx-acquisition-root-inc-more.html)**)

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> **BowX Acquisition (BOWX)** – The special purpose acquisition company will take office-sharing company WeWork public in a deal worth $9 billion, including debt. Starwood Capital, Fidelity Management and others are involved in the deal as so-called “PIPE” investors. BowX rose 3.6% in the premarket.

> #**STOCK SYMBOL:** BOWX

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

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> **Ford Motor (F)** – The automaker will idle production of its popular F-150 pickup truck through the weekend at a Michigan plant, due to the global semiconductor shortage.

> #**STOCK SYMBOL:** F

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

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> **MSG Entertainment (MSGE)** – The owner of the New York Knicks and Rangers, as well as Madison Square Garden and other venues, is buying MSG Networks (MSGN) in a stock-swap deal. The transaction reunites the two entities after a split-up was announced in 2018 and became official last year. MSG Networks fell 4.9% in premarket action.

> #**STOCK SYMBOL:** MSGE

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

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> **JPMorgan Chase (JPM), Bank of America (BAC), Citigroup (C), Wells Fargo (WFC)** – These and other bank stocks are on watch after the Federal Reserve announced plans to lift restrictions on bank dividends and stock buybacks. That will occur after the June stress tests, if the banks show they can maintain sufficient capital. JPMorgan gained 1.1% in premarket trading, with Bank of America up 1.5%, Wells Fargo up 1.3% and Citi up 1.3%.

> #**STOCK SYMBOL:** JPM

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

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> **Annaly Capital Management (NLY)** – Annaly struck an agreement to sell its commercial real estate business to investment firm Slate Asset Management for $2.33 billion. The real estate financing company expects the deal to be completed by the end of the third quarter. Annaly gained 1% in the premarket.

> #**STOCK SYMBOL:** NYL

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

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> **Altria (MO)** – The tobacco producer’s stock gained 1.3% in premarket trading after Jefferies upgraded it to “buy” from “hold.” The firm said Altria’s opportunities in so-called RRPs (reduced risk products) are underappreciated.

> #**STOCK SYMBOL:** MO

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

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> **Microsoft (MSFT)** – Microsoft is now in advanced talks to buy messaging platform Discord for $10 billion or more, according to The Wall Street Journal. Bloomberg had reported earlier this week that the two sides had spoken but that no deal was imminent and that Discord was leaning toward an initial public offering.

> #**STOCK SYMBOL:** MSFT

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

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> **Root Inc. (ROOT)** – Root rose 3.9% in premarket trading after a 4.9% increase on Thursday. The auto insurer is “misunderstood”, according to Citron Research founder Andrew Left, who calls it a “disruptive tech company.” Root has seen its stock price cut in half since its initial public offering in October.

> #**STOCK SYMBOL:** ROOT

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

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> **Uber (UBER), Lyft (LYFT)** – A Massachusetts judge has ruled that a challenge to the classification of drivers as independent contractors by Uber and Lyft can proceed. The ride-hailing companies had sought to have the case brought by the state’s attorney general dismissed. The judge did not rule on whether drivers should be classified as independent contractors, or employees entitled to benefits. Uber rose 1.1% in premarket trading.

> #**STOCK SYMBOL:** UBER

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

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> **Nio (NIO)** – Nio will suspend electric vehicle production at its plant in Hefei, China, due to the worldwide shortage of semiconductors. The suspension will begin Monday and last for five days, prompting Nio to cut its first-quarter delivery forecast to 19,500 vehicles from the prior 20,000 to 20,500. Nio tumbled 5% in premarket action.

> #**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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> **Progress Software (PRGS)** – Progress Software reported quarterly earnings of 91 cents per share, 13 cents a share above estimates. Revenue beat forecasts as well. The enterprise application software company also raised its full-year outlook. Progress Software gained 2.6% in premarket trading.

> #**STOCK SYMBOL:** PRGS

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

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> **Zoom Video (ZM)** – Deutsche Bank began coverage of the video messaging platform company with a “hold” rating, based primarily on valuation after the stock soared in 2020. Deutsche Bank is bullish long-term based on Zoom’s growth drivers, scale, and what it calls “best in class” products.

> #**STOCK SYMBOL:** ZM

> * [CLICK HERE FOR CHART!](http://elite.finviz.com/chart.ashx?t=FL&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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#**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 Friday, March 26th, 2021! :)**
https://www.reddit.com/r/StockMarket/comments/mdni8g/326_fridays_premarket_stock_movers_news/

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