Airbnb, Uranium Energy, AMC: What to watch out for when the stock exchange opens today

23 Markets

US stock futures rose Monday, suggesting major indices are bouncing back somewhat after the worst weekly performance of the S&P 500 since February. We’ll see that before the opening on Monday.

  • Airbnb shares fell 1.8% after Goldman Sachs Group analysts recommended investors sell the stock. Airbnb and other companies that offer drive-to-lodging could benefit as the Delta variant dampens enthusiasm for air travel, writes Heard on the Street columnist Laura Forman.
  • Uranium Energy, a Texas-based miner and explorer, rose 7.2%. Uranium miners’ stocks rise as retailers on Reddit’s Wall Street Bets forum focus their energies on the attractive radioactive metal.
  • AMC Entertainment, a favorite of Reddit-active retailers, rose 3%. Meme stocks skew some investors’ view of parts of the market.
  • Lyft was up 2.1% after Goldman recommended buying Ride-Hailing stock and setting a price target of $ 64 per share.
  • Avantor said it will sell $ 750 million worth of shares. The shares of the chemicals and basic materials group fell by 4.3%.
  • ViacomCBS stock rose 0.8%. The media company is modernizing the operations of its film and television production unit Paramount Pictures as part of a major management reorganization, the Wall Street Journal reported.
  • Biogen stock rose 0.3% before the bell. Pharma stocks fell last week after the company said the launch of its Alzheimer’s drug Aduhelm was “slower than we originally expected.”
  • Invitation Homes gained 0.3% ahead of market price. The single-family home leasing company announced earlier this month that it recently received a letter from the Federal Trade Commission requesting information on how the company conducts its business in general and in particular during the Covid-19 pandemic.
  • APA Corp. , the holding company of the oil and gas company Apache, gained 3.4% in pre-trading. Crude oil prices rose after OPEC announced that global oil demand would surpass pre-pandemic levels next year.
  • Wayfair added 1.6%. The household goods retailer’s stocks fell last month, and both Citigroup and Credit Suisse lowered their target price on the stock in August.
  • Unum Group, a Tennessee-based insurer, rose 0.6%. S&P Dow Jones Indices said earlier this month that Unum would drop out of the S&P 500 and into the S&P MidCap 400 index.
Chart of the day

After a record-breaking bull run for the US stock market this year, many Wall Street analysts are starting to warn that investors may be facing a bumpy ride.

Source Link

Leave a Reply