Investing
Tuesday's 10 Premarket Winners and Losers Include Marathon Oil, Nvidia and Virgin Galactic
February 15, 2022 8:14 am
Last Updated: February 15, 2022 9:28 am
The three major U.S. equities indexes closed mixed on Monday, tracking news from Ukraine that appeared to be good in the morning and bad in the afternoon. After sinking to intraday lows in the mid-afternoon, all three indexes moved higher, but none made it into the green. The Dow Jones industrials closed down by 0.5%, the S&P 500 down 0.4% and the Nasdaq flat.
Among S&P 500 stocks, losers outnumbered winners by about four to one in Monday trading. Nine of 11 sectors closed lower, with the biggest declines coming in energy (down 2.4%), real estate (down 1.1%) and financials (down 1.1%). The consumer cyclicals (up 0.6%) and communications services (flat) sectors were the day’s only winners.
At around 7:00 a.m. ET Tuesday morning, S&P 500 futures traded down about 0.8%, the Nasdaq was down about 1.0% and the Dow traded down by 0.7%.
Crude oil settled at $95.46 on Monday and traded down by nearly 3% in early trading Tuesday at $92.73. The 10-year note settled at 1.988%,and the two-year at 1.583% on Monday. The yield curve narrowed to 0.40 at the end of the day but had widened to 0.44 in early trading Tuesday.
Here are the five S&P 500 stocks that closed with the largest gains on Monday: Expedia (up 2.63%), Las Vegas Sands (2.33%), CarMax (2.29%), Newell Brands (2.17%) and Monolithic Power Systems (2.13%).
Monday’s biggest losers among S&P 500 stocks were Moderna (down 11.68%), CF Industries (6.88%), Mosaic (4.80%), Marathon Oil (4.50%) and ResMed (4.22%).
Here are Tuesday’s premarket leaders and laggards. Not all are S&P 500 stocks.
Among Tuesday’s premarket winners was Virgin Galactic Holdings Inc. (NYSE: SPCE), which traded up by around 13%, at $9.20 in a 52-week range of $7.58 to $57.51. The company announced Tuesday morning that it will open ticket sales to the general public on Wednesday. The total price of the flight is $450,000 and requires a down payment of $150,000 at the time the reservation is made. Final payment is due before launch.
Arista Networks Inc. (NASDAQ: ANET) traded up by about 9.5%, in a 52-week range of $65.52 to $148.57. The company beat top-line and bottom-line estimates when it reported results late Monday. The kicker was upside guidance on first-quarter revenue. Even the low end of Arista’s range was above the consensus estimate.
Carnival Corp. & PLC (NYSE: CCL) traded up about 4.5%, at $22.32 in a 52-week range of $16.32 to $31.52. Rivals Norwegian and Royal Caribbean traded up about 4.2% and 3.4% respectively. Carnival said that it will have returned its entire fleet to service by May, just 10 months after the cruise operator resumed operations following the pandemic shutdown.
New Fleet Deployment Plans through October
Read more here: https://t.co/pwS25tMFpm pic.twitter.com/WFaupT6NZ9— Carnival Cruise Line (@CarnivalCruise) February 14, 2022
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