Rivian, Bumble, Disney, Alibaba and more

The New York Stock Exchange welcomes The Walt Disney Company (NYSE: DIS) today, Tuesday, May 4, 2021, in honor of Star Wars Day.

Source: NYSE

Check out the companies that are making headlines in the dinner trade.

Rivian Automotive – Shares in the recent public launch of electric cars rose 22% on its second trading day. This follows the company’s market debut, where it rose 29%. The company already has a market valuation that is greater than Ford and General Motors.

Disney – Disney shares fell more than 6% after the media giant missed the top and bottom line in its quarterly results. Disney + subscribers also came under estimates.

Beyond Meat – The alternative meat company buzzed on estimates for the third quarter, sending its stock down 13%. Investment firm Bernstein downgraded Beyond Meat to market results after the quarterly report, saying there was too much uncertainty surrounding the demand for investors to buy the dive.

The Honest Company – Consumer goods stocks rose 12% after The Honest Company’s third-quarter sales reached $ 82.7 million, topping estimates at $ 80.8 million, according to Refinitiv. Growth in diapers and napkins was a major driver of revenue growth.

Bumble – Datingapp stock fell 20% after Bumble reported a net loss of $ 10.7 million for the third quarter. Analysts surveyed by Refinitiv expected the company to go into balance. Paid users also came lower than estimates, according to StreetAccount.

AppLovin – Software shares rose 18% after AppLovin reported third-quarter revenue of $ 727 million, beating estimates according to FactSet. The company’s revenue increased by 90% year over year, driven by growth in the company’s software platform.

Confirm – “Buy Now, Pay Later” Tax Affirm’s shares rose nearly 12% after the company announced an extension of its partnership with Amazon and reported a quarterly revenue beat that raised $ 269.4 million against estimates of $ 248.2 million. Affirm also reported a quarterly loss of earnings per share, according to Refinitiv.

SoFi – The Fintech share rose more than 18% as investors cheered on a stronger-than-expected quarterly report. SoFi reported a loss of 5 cents per share in the third quarter, beating a Refinitive forecast for a loss of 14 cents per share. The stock has risen more than 90% since listing.

Marqeta – Shares in Marqeta, the card-issuing platform behind “buy now, pay later” brands such as Affirm and Klarna, rose 0.5% after reporting stronger-than-expected quarterly results and a 60% increase in treatment volume from the previous year.

Tapestry – The clothing stock rose 8.4% after a stronger-than-expected report for the company’s first quarter results. Tapestry reported adjusted earnings of 82 cents per share of $ 1.48 billion in revenue. Analysts expected 70 cents in earnings per share of $ 1.43 billion in revenue, according to StreetAccount. The company also raised its full-year earnings and revenue expectations.

Silvergate Capital – The cryptocurrency bank’s shares rose about 11% after JPMorgan began covering Silvergate with an overweight rating. The investment firm praised Silvergate’s growth potential and balance sheet strength.

Nine – The shares of the Chinese electric car company rose 5.8% after Citi raised its price target to a Street high. Citi said Nio should maintain its dominant position in China, even with increasing competition.

Alibaba, JD.com – Chinese e-commerce stocks as investors watched developments on Singles Day, a massive online shopping event. Shares in Alibaba rose more than 3%, while JD.com shares rose more than 7%. JD.com reported record sales for Singles Day.

Organon & Co. – The pharmaceutical stock was one of the worst performing in the S&P 500 on Thursday with a fall of 6.4%. The company beat top- and bottom-line estimates for its third quarter, but did not raise forward guidance and announced a $ 945 million acquisition of drug developer Forendo.

-CNBC’s Yun Li, Hannah Miao, Maggie Fitzgerald and Tanaya Macheel contributed to this story.


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