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https://www.barrons.com/articles/stock-market-movers-88cae2de
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Stock futures fluctuated Tuesday following a mixed session on Wall Street that saw the
Dow Jones Industrial Average
and
S&P 500
rise after a spike in oil prices.
These stocks were poised to make moves Tuesday:
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Alibaba
stock was on track for its best day in months after the Chinese technology giant announced that it would split itself into six units, opening the door for its subsidiary businesses to go public.
Akin to Alibaba (ticker: BABA) shifting from conglomerate to holding company, the move is designed to unlock shareholder value and foster market competitiveness, said the group, which is one of China’s largest and most important companies. It’s a nod both to investors who have weathered years of losses for the stock—caused largely by regulatory pressures—as well as regulators who have hammered Alibaba and the rest of the Chinese tech sector over competition concerns since late 2020.
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https://www.barrons.com/articles/stock-market-movers-96dc510b
Stock futures rose Friday as the biggest banks in the U.S. moved to rescue beleaguered First Republic Bank.
These stocks were poised to make moves Friday:
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https://www.barrons.com/articles/stock-market-movers-6acba64b
Stock futures traded mostly flat Monday as Wall Street kicked off a week that includes testimony before Congress from Federal Reserve Chairman Jerome Powell and the U.S. jobs report for February.
These stocks were poised to make moves Monday:
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Alibaba
reported better-than-expected earnings in the final three months of 2022, giving Wall Street exactly what it wanted as analysts remain positive on the Chinese tech giant.
But there are signs that the destructive Covid-19 lockdowns that hurt the world’s second-largest economy last year continue to linger.
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https://www.barrons.com/articles/stock-market-movers-5b0c54ae
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China has announced new rules on overseas IPOs, potentially sparking the resumption of Chinese companies listing in New York.
Under the new rules, the China Securities Regulatory Commission (CSRC) will vet any overseas listing applications, effective from March 31. The regulator has the power to block such IPOs, and the rules make clear listings must not endanger national security.
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Nvidia
should be insulated from any slowdown in the broader economy by increased spending on artificial intelligence, say analysts at Oppenheimer, who lifted their price target for the semiconductor company.
The heightened interest around artificial-intelligence should set investors’ minds at ease ahead of
Nvidia
‘s earnings next week, say the analysts, with the semiconductor maker’s commentary on data-center spending in focus.
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Oil giant
BP
announced Thursday it was acquiring
TravelCenters of America
one of the largest servicing centers offering truck repairs and maintenance services.
BP
(ticker: BP) will acquire
TravelCenters of America
(TA) for $86 a share, representing an 84% premium to the average trading price of TravelCenters for the 30 days ended Wednesday. Total equity value of the deal was roughly $1.3 billion.
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PepsiCo
beat earnings and revenue estimates in the fourth quarter, driven by higher prices. It increased its annual dividend, sending the stock higher in premarket trading Thursday.
The beverages and snacks giant (ticker:PEP) reported adjusted earnings per share (EPS) of $1.67 on sales of $28 billion. Analysts were expecting EPS of $1.65 on sales of $26.8 billion.
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Royal Caribbean Group
did better than anticipated in the fourth quarter, turning in a narrower-than-expected loss and saying bookings were nearing record highs at higher prices.
The stock surged more than 6% in early trading Tuesday. It is now up close to 50% so far in 2023.
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https://www.barrons.com/articles/stock-market-movers-apple-amazon-google-ford-51675354870
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Marlboro maker
Altria
Group beat earnings and revenue estimates in the fourth quarter and announced a new $1 billion share buyback plan.
The cigarettes company reported adjusted earnings per share (EPS) of $1.18 on revenue of $6.1 billion in the final three months of the year. Analysts expected EPS of $1.17 on sales of $5.15 billion in the quarter, according to FactSet data.
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https://www.barrons.com/articles/stock-market-movers-tesla-alibaba-gm-lucid-51674835133
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https://www.barrons.com/articles/stock-market-movers-alibaba-xpeng-goldman-morgan-stanley-51673625139
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Delta Air Lines
beat earnings estimates in the fourth quarter as air travel demand remained strong but the stock fell in early trading Friday as the carrier’s first quarter guidance disappointed.
The airline (ticker: DAL) reported adjusted earnings per share of $1.48 in the fourth quarter, and revenue of $12.3 billion, an 8% increase on the same period in 2019.
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https://www.barrons.com/articles/stock-market-movers-tesla-alibaba-southwest-51671810917
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