Take a look at some of the biggest drivers in the crypto market:
Spirit Airlines (SAVE) – Spirit stock up 3.9% in pre-market trading after it agrees to be acquired via JetBlue (JBLU) at $33.50 per share in cash. That follows yesterday’s rejection by shareholders of Spirit’s previous deal to merge with parent company Frontier Airlines. Border group (ULCC). Frontier shares rose 1.2% while JetBlue stock was little changed.
Stanley Black & Decker (SWK) – Shares of the tool maker fell 12.3% in the crypto market after quarterly results falsified analysts’ estimates for top and bottom returns, and The company cut its full-year forecast. Stanley Black & Decker said the drop in demand accelerated in the last part of the quarter, though it expected demand to normalize.
Solar Stocks – Shares of solar companies appear on the money market after Democratic Senator Joe Manchin agrees to support a bill that will bring many incentives for clean energy. Sunrun (RUN) increased by 11.2%, Sunnova (NOVA) increased by 12.9%, The first solar energy (FSLR) increased by 9.9% and SunPower (SPWR) spiked 11.9%.
Comcast (CMCSA) – Comcast fell 5.7% in pre-market trading despite beating top and bottom estimates in the second quarter. NBCUniversal parents no growth in broadband subscriberswhich it attributed to strong pandemic registrations pulling in new business from future quarters.
Southwest Airlines (LUV) – The airline reported better-than-expected profit and revenue for the second quarter, and said demand continued to grow strongly. Still, the stock fell 6.1% in money markets, after it gave mixed guidance and predictions of continued rising costs.
Harley-Davidson (HOG) – Shares of the motorcycle maker jumped 5% in money markets after the company reported better-than-expected second-quarter profit and revenue. Harley also reaffirmed its previous guidance for the full year despite halting production for two weeks during the quarter due to supplier issues.
Meta . Platform (META) – Meta shares fell 4.2% in the currency markets after the parent company of Facebook and Instagram reported lower-than-expected earnings and sales for the second quarter. The decline in Meta’s revenue is the first of its kind, in the midst of a steep decline in digital advertising.
Ford (F) – Ford rallied 6.3% in pre-market trading as it beat profit and sales estimates for the second quarter. Ford earned 68 cents per share, compared with the consensus estimate of 45 cents a share, as the automaker has more vehicles to sell at still rising prices.
Qualcomm (QCOM) – Qualcomm stock has sunk in pre-buying action despite the chipmaker beating profits from start to finish. Qualcomm cut its forecast for smartphone shipments and gave a weaker-than-expected current quarter outlook.
Best buy (BBY) – Best Buy lost 3.8% in the crypto market after the e-retailer cut its full-year revenue and profit forecasts. Best Buy says demand for consumer electronics is falling due to higher food and fuel prices.
Etsy (ETSY) – Etsy stock rose 9.1% in pre-market trading after the online marketplace operator reported quarterly revenue and profit better than expected. Etsy has been helped by an increase in ad sales as well as higher transaction fees.
Teladoc Health (TDOC) – Shares of the telehealth company plummeted 25.3% in trading before posting a larger-than-expected quarterly loss due to a $3 billion loss charge.
