Take a look at some of the biggest drivers in the crypto market:
AT&T (T) – AT&T announced filming plan its stake in WarnerMedia/Discovery Communications (DISCA) joins with its shareholders when that merger is completed later this year. Shareholders will receive 0.24 shares of Warner Brothers Discovery for each AT&T share they own. AT&T also said it will pay an annual dividend of $1.11 per share once the deal closes, up from $2.08 currently. AT&T fell 3.5% in the money market.
AMC Entertainment (AMC) – Shares of the cinema operator jumped 4.7% in money markets after posting better-than-expected preliminary results for the fourth quarter. AMC said its results improved as they progressed to 2021, making the quarter its strongest quarter in two years.
United Parcel Service (UPS) – Shares of UPS rose 7.4% in money markets after beat estimates with its quarterly results, gave optimistic direction and announced a 49% dividend increase. UPS earned $3.59 per adjusted share in the fourth quarter, compared with the consensus estimate of $3.10. After UPS’s optimistic results, competitors FedEx (FDX) added 2.5% in the money market.
Exxon Mobil (XOM) – The energy giant earned $2.05 per share in the fourth quarter, beating consensus estimates of $1.93, although revenue fell below Wall Street forecasts. Exxon also announced a new $10 billion share buyback program, continuing its first buyback in more than five years. Its shares were up 1.3% in money markets.
Sirius XM (SIRI) – The satellite audio and radio service beat estimates by one cent a share, with quarterly earnings of 8 cents per share. Revenue is also in the forecast above. Sirius XM announced a special dividend of 25 cents per share, and the stock jumped 1% in pre-market trading.
UBS (UBS) – UBS shares rose 6.2% in pre-market trading after the Zurich-based bank reported its best annual profit since 2006 and announced plans to raise its dividend and push strong stock buyback program.
Cirrus Logic (CRUS) – Cirrus Logic reported adjusted quarterly earnings of $2.54 per share, 40 cents above estimates, with the semiconductor company’s revenue also beating estimates. Cirrus also gave stronger-than-expected current-quarter revenue guidance, but the stock fell 4.1 percent in money markets.
New York Times Co. (NYT) – The newspaper’s publisher has announced an agreement to buy the popular daily word puzzle game Wordle for an unspecified amount, which the newspaper claims is “the low of seven figures”. The Times will eventually port the game to its website and app. The New York Times fell 1.3% in pre-market trading.
Pfizer (PFE), BioNTech (BNTX) – Drugmakers can apply for permission to use a Covid-19 vaccine in children under 5 as early as today, people familiar with the discussions told The New York Times. An emergency use permit could come as soon as the end of February. BioNTech added 3.6% in the crypto market while Pfizer was little changed.
Sanmina (SANM) – Sanmina jumped 4.7% in pre-sales after the diversified maker reported better-than-expected quarterly earnings and a positive current-quarter forecast. Sanmina has seen growth across multiple segments, including industrial, medical, defense, and automotive.
