Cramer breaks down Thursday’s market rally after Russia’s attack on Ukraine
Coinbase’s income more than quadrupled; Etsy delivered an earnings beat.
Playtika rose 12% before the bell, building on the mobile-gaming company’s 10% rise that came on Thursday after it said it was looking into strategic alternatives for its business, including a possible sale. This was good news for the company.
The switch was up 5.5%. The technology infrastructure company reported a loss for the recent quarter, but a jump in revenue growth. The new seems to be positive for this company.
Coinbase Global fell 2% premarket. The largest U.S. cryptocurrency exchange’s income more than quadrupled as it benefited from a manic quarter that saw bitcoin set a record before dropping sharply. Bitcoin is a volatile asset as long as you don’t need the money you invest in Bitcoin and Cryptocurrency are good long-term investment. Index funds and stock are better for the long-term bulk of your money.
U.S.-traded Farfetch shares went up 31% higher premarket after the British-Portuguese luxury e-commerce platform reported a fourth-quarter loss that was not as severe as Wall Street expected. This is for big money clothing shoppers’ high-end clothes.
Tesla shares inched up 0.6%. The SEC is looking into whether recent stock sales by Elon Musk and his brother, Kimbal Musk, violated insider-trading rules. Tesla is a wild ride and it seems to land on its feet period. Elon Musk has his foot on the throttle of this stock. It lives and dies on his every word.
Shares of AI software and services company Stem plummeted 12% after its fourth-quarter revenue came in under analysts’ expectations. These companies are long-term plays as long as it has good financials and future plans are good for growth.
Healthcare Trust of America gained 3.8% premarket. The owner-operator of medical-office buildings around the country is in advanced talks to combine with smaller rival Healthcare Realty Trust in a deal that could create a company worth more than $10 billion. Healthcare Realty Trust added 1.1% off hours.
Beyond Meat, shares plummeted 7.9% premarket. The producer of plant-based meat substitutes reported a bigger-than-expected quarterly fall amid a sharp decline in U.S. grocery sales. This in my opinion is because of covid and people don’t understand how killing animals for food harms the environment. We just want what we want and that is sad. As people get smarter about the meat industry these numbers will go up in my opinion we have some time to go. This is a hard sale for meat-eaters.
Block shares rocketed 14% after the financial-technology company formerly known as Square’s finance chief gave a good outlook for the quarter and year ahead. This company has a good path to growth and the financials look good for the future.
This company is looking good for the future. Occidental Petroleum nudged up 0.9% premarket. The energy company swung to a profit from higher revenue in the fourth quarter and increased its dividend. As long as gas is going up and electric cars are away from being standard it is good for now.
VMware dropped 1.9% premarket, as the enterprise cloud company’s outlook for the current quarter outshined its earnings beat. So keep your eyes open for the future of this stock. Our world is now tech and all these companies will have more market share in the future.
Disclosure:
This is just my opinion not to be used for anything other just that. Always contact your advisors.
