| | | May 6, 2022 Welcome to the BRAND NEW Stock Dork Premarket Report, your go-to guide for the day's biggest trading news and hottest premarket stocks. Keep an eye out for our Premarket Reports moving forward and, as always, we invite you to reply to this email with your feedback, suggestions, or comments. Today is Friday, May 6th. Let's get ready to trade! |
US investors had a rough day on Thursday as the benchmark S&P 500 index sold off for 3.6%. The tech-heavy Nasdaq took a brutal 5.0% loss on the session, and the Dow slid 3.1%. The small-cap Russell 2K lost 4.0% on the day as news of the Fed's proposed half-point rate hike continued to sour investor sentiment. The sell-off is expected to extend into today's session. S&P 500 contracts are currently showing a 0.4% loss. Mercado Libre [MELI] - Last Close: $913.22 Mercado Libre is trending after an earnings release. The Latin America-focused eCommerce company missed estimated earnings by 3.7% with EPS of $1.30, but quarterly revenues of $2.25 billion beat the Street's $2.02 billion estimate by 11.3%. Mercado Libre also announced several bullish business updates. The company said it had successfully passed many increasing costs onto consumers, and it also announced plans to "significantly expand" its buy-now-pay-later offerings in the months ahead. MELI is leading the Nasdaq-100 with a 4.7% gain on active volume. DraftKings [DKNG] - Last Close: $14.44 An early-morning earnings report is giving DraftKings a premarket boost. The online gambling firm's Q1 earnings release showed an adjusted loss of $0.74 per share for the quarter, more than doubling from the year-earlier quarter's $0.36 per share loss. However, the figure still beat the Street's expectation of a loss of $1.06 per share. DraftKing's also beat analysts' estimates for revenues with $417.2 million in first-quarter sales, while consensus forecasts called for $411.7 million. The better-than-expected quarter also prompted DraftKing's to hike its full-year forecast. DKNG is trading actively with a 3.5% gain. iRhythm Technologies [IRTC] - Last Close: $118.12 Shares of iRhythm are rallying on news of a strong Q1 performance. The digital healthcare company grew sales by 24.3% YoY in Q1, generating $92.4 million in revenues for the quarter and beating the consensus estimate of $86.76 million. iRhythm's adjusted EPS loss of $0.80 also beat the Street's forecast of a $1.08 per-share loss. iRhythm's full-year forecast predicted sales as high as $420 million in 2022, which was higher than analyst's expectation of up to $420 million. IRTC is trading actively with a 19.4% gain. Funko [FNKO] - Last Close: $16.72 Funko is trending on an upbeat business update and strong earnings numbers. The toy-maker announced Q1 adjusted diluted earnings of $0.34 per share on Thursday evening, beating the consensus EPS estimate of $0.24.
Funko's revenues came in at $308.3 million for the quarter, a 63% increase from the year-earlier quarter. The figure also topped the Street's $277 million target. The company also posted a better-than-expected full-year sales forecast. Funko expects to generate sales of $1.33 billion for the year. Finally, the company also announced that a consortium of investors led by Chernin Group will invest $263 million in the company through an all-secondary transaction. The upbeat quarterly report is driving shares of FNKO to a 19.6% gain in today's premarket. |
| Gainers Vinco Ventures [BBIG] >> +36.6% Tonix Pharma [TNXP] >> +5.1% Borqs Tech [BRQS] >> +1.4% Decliners Digital Brands Group [DBGI] >> (56.3%) Fubotv Inc [FUBO] >> (20.9%) Endo Int [ENDP] >> (36.1%) Enbridge [ENB] ... AM Cigna [CI] ... AM TELUS [TU] ... AM Liberty Broadband [LBRDK] ... AM DraftKings [DKNG] ... AM Vistra [VST] ... AM Liberty Media [LSXMK] ... AM Cinemark [CNK] ... AM Goodyear [GT] ... AM |
| April Jobs Report ... 8:30a Consumer Credit [Mar] ... 3p |
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