Check out the companies making headlines in cloud trading: Global pharmaceutical stocks – Shares of several vaccine makers declined after President-elect Donald Trump nominated prominent vaccine skeptic Robert F. Kennedy Jr. as health secretary on Thursday. Shares of Moderna and Pfizer fell nearly 9% and 5%, respectively. BioNTech, which helped develop a Covid vaccine with Pfizer, shed 5%, while GSK declined about 2%. Even names such as Eli Lilly and Novo Nordisk were lower, with both shares down around 4%, on concerns that the drug approval process could slow. Super Micro Computer – Shares of the embattled server company fell 2% ahead of Monday’s deadline that could result in the company being delisted from Nasdaq. Super Micro has been late filing its year-end report with the US Securities and Exchange Commission, putting it on the wrong side of Nasdaq rules. This will be the 11th losing day in the last 13 trading sessions for Super Micro. Alibaba – S hares fell more than 2% after the Chinese e-commerce giant’s fiscal second-quarter sales fell short of estimates amid a backdrop of weakening consumer sentiment in China. Alibaba’s revenue of 236.5 billion yuan came out 5% higher on the year but below analyst expectations of 238.9 billion yuan, according to LSEG. Palantir – Shares jumped 7% after the analytics software provider said it was moving its listing to the Nasdaq Global Select Market from the New York Stock Exchange. Palantir expects to be eligible to join the Nasdaq-100 Index once it makes the switch. Domino’s Pizza, Pool Corp., Ulta Beauty – Shares of the pizza chain edged up 0.3% after Warren Buffett’s Berkshire Hathaway announced a new stake in Domino’s, while Pool Corp. gained almost 2% as the conglomerate bought a small stake in it. swimming pool suppliers. Ulta fell nearly 3% after Berkshire Hathaway announced in a regulatory filing that it had sold about 97% of its shares, nearly liquidating its position in the beauty retailer. Berkshire just bought the stock in the second quarter, making Ulta a new bet. AST SpaceMobile – Shares fell more than 11% due to weaker-than-expected third-quarter results. AST SpaceMobile reported a loss of $1.10 per share on revenue of $1.1 million. That was lower than the loss of 20 cents per share and $1.8 million in revenue that analysts were expecting, according to FactSet. Applied Materials – The semiconductor equipment maker fell 8% after providing a softer-than-expected revenue outlook for the current quarter. Applied Materials told investors it expected $7.15 billion in the first fiscal quarter, less than the $7.22 billion estimate from analysts polled by LSEG. However, the company beat expectations on both lines in the fiscal fourth quarter and issued positive guidance for adjusted earnings per share. – CNBC’s Sean Conlon, Alex Harring, Jesse Pound, Hakyung Kim and Lisa Han contributed reporting.
Stocks that made the biggest moves during the day: PLTR, MRNA, ULTA, BABA
Leave a comment
Your Trusted Source for Accurate and Timely Updates!
Our commitment to accuracy, impartiality, and delivering breaking news as it happens has earned us the trust of a vast audience. Stay ahead with real-time updates on the latest events, trends.
