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.