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Toplines Before US Market Open on Monday

Tiger Newspress2021-11-29

U.S. stock index futures jumped on Monday as investors rushed in to take advantage of steep virus-driven losses while awaiting more details on the severity of the Omicron coronavirus variant.

At 8:00 a.m. ET, Dow e-minis were up 226 points, or 0.65%. S&P 500 e-minis were up 37 points, or 0.81% and Nasdaq 100 e-minis were up 148.75 points, or 0.93%.

Wall Street indexes had slumped between 2% and 3.5% on Friday after news of the variant triggered a global selloff, as countries introduced new travel curbs on fears it could resist vaccinations and upend a nascent economic reopening.

President Joe Biden is due to update the public on the variant and the United States' response later in the day, the White House said.

Stocks making the biggest moves premarket:

Moderna — Shares of the vaccine maker continued their rally, jumping more than 10% in early morning trading Monday after gaining 20% on Friday. On Sunday the company’s chief medical officer said Moderna could roll out a reformulated vaccine against the omicron variant of Covid early next year.

Li Auto — U.S.-listed shares of Li Auto rose 8.5% in premarket trading. Li Auto reported adjusted earnings of 3 cents a share from $1.21 billion in sales. Wall Street was looking for a 3-cent loss from $1.13 billion in sales. At this point, earnings are less important that sales for Li. The company is still growing rapidly. Sales in the third quarter rose more than 209% year over year.

Tesla — The German automotive news outlet Automobilwoche reported Monday that Tesla’s new manufacturing facility in that country will start production in December.Tesla shares rallied 1.5% in premarket trading.

Apple — Apple rose 1.5% after HSBC raised its price target on the iPhone maker's stock.

Airlines — Major airlines ticked up as investors bought the dip following new travel suspensions in Asia and Europe, in response to the newly discovered omicron variant of Covid-19.United,Delta and American Airlines each gained about 1%, after losing about 7% Friday. Travel booking site Expedia also rose, about 2%.

Cruise lines —Carnival,Royal Caribbean Cruises and Norwegian Cruise Line Holdings each rose more than 3% amid the broader rebound in travel stocks from Friday’s omicron-driven sell-off.

Allbirds— Shares of the shoe manufacturer rose 2.5% after several analysts initiated coverage of the stock. Morgan Stanley and Bank of America both posted a price target of $23, implying 16% upside to Friday’s close.

Coinbase— The cryptocurrency exchange’s shares rose more than 2% as the price of bitcoin rebounded, after selling off with the broader equities market on Friday. Other crypto-related equities got a lift too, with Microstrategy rising 3.4%.Tesla and Square added more than 1%.

Zoom Video— Zoom shares fell almost 2%, moving in the opposite direction of travel stocks and following a 5.7% jump on Friday. Other stay-at-home stocks dipped slightly Monday morning too, including Peloton,Netflix and Teladoc.

Merck— The pharmaceutical company’s shares fell 1.8% after Citi downgraded its stock to neutral from buy, saying development struggles for the company’s HIV drug islatravir will hurt Merck’s long-term potential.

Wynn Resorts,Las Vegas Sands— The Macao gaming sector is lower after Alvin Chau, the head of Macau’s biggest casino junket operator, and 10 others were arrested over allegedly illegal gambling platforms targeting mainland Chinese, according to a report by the South China Morning Post.Wynn fell 1.9% and Las Vegas Sands fell 1.2%

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评论61

  • Gene7
    ·2021-11-30
    Thank you for the insight. Plz like. [lovely] 
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  • Alvin1975
    ·2021-11-29
    Like 
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    • Ytyt
      👍
      2021-11-30
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    • Alvin1975
      Liked
      2021-11-29
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  • Silver36
    ·2021-11-29
    [Miser] 
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  • Excelsheet
    ·2021-11-29
    Like
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  • ahBern
    ·2021-11-29
    like
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  • Huatahhuat
    ·2021-11-29
    Back up? So fast?
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  • DELFINO
    ·2021-11-29
    Like pls ty! 
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    • Excelsheet
      Ok
      2021-11-29
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    • ahBern
      ok
      2021-11-29
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  • 股你怕么
    ·2021-11-29
    Jsjsjd
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    • DELFINO
      Hdbx
      2021-11-29
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  • 股你怕么
    ·2021-11-29
    Great ariticle, would you like to share it?
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  • domobc
    ·2021-11-29
    Ok
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    • domobc
      ok
      2021-11-29
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  • yl2021
    ·2021-11-29
    Like & comment
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    • Justin8991
      Ok
      2021-11-29
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    • NoobZai
      like
      2021-11-29
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  • JeffreyNeo
    ·2021-11-29
    1
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  • chyoli
    ·2021-11-29
    Hi
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    • 39f9005b
      hi
      2021-11-29
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  • Prosperity88
    ·2021-11-29
    Gooooooooooodddddddddddddddddd
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  • Universe宇宙
    ·2021-11-29
    Lol, all buying now, as if the omicron covid strains does not exist at all. [捂脸] 
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    • Universe宇宙
      greed more scary than inflation?

      inflatiob more scary than omicron covid virus strain?

      2021-11-29
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    • Universe宇宙
      where is omicron covid virus strain, when being alive is so expensive due to inflation?
      2021-11-29
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    • Universe宇宙
      time to cut some daily expenses due to high inflation
      2021-11-29
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    查看更多 2 条评论
  • Robinchua
    ·2021-11-29
    Nice 
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  • Dummy_Inv
    ·2021-11-29
    Like n comment for coins 
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    查看更多 1 条评论
  • VaanWu
    ·2021-11-29
    Yes
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  • razalitamam
    ·2021-11-29
    yummy
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  • YJ1234
    ·2021-11-29
    Like pls
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    • Stephanie712
      Good
      2021-11-29
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    • GlitterD
      Done pls like back
      2021-11-29
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