PayPal and Pinterest are two of the most popular online services. PayPal’s stock rose more than 3%, while Pinterest’s stock fell more than 12%, after PayPal responded to allegations last week that it was in talks to buy the social media giant, emphasising that it is not pursuing an acquisition of the social media giant “at this time.” Pinterest’s stock soared last week as a result of the reports, while PayPal’s stock fell.
Tesla – Following news that Hertz is ordering 100,000 electric vehicles to build out an EV rental fleet by the end of 2022, shares of the electric vehicle firm soared more than 9% to an all-time high. The transaction, which is expected to net Tesla $4.2 billion, is the largest ever purchase of electric automobiles. The stock’s price target was likewise boosted by Morgan Stanley.
Kimberly–Clark — Kimberly-stock Clark’s fell 3.2 percent after the consumer goods business reported quarterly earnings of $1.62 per share, which was 3 cents lower than the Refinitiv consensus expectation. Inflation and supply chain concerns, according to Kimberly-Clark, affected earnings.
Restaurant Brands International — Restaurant Brands International’s stock dropped 3.7 percent after the firm released its quarterly earnings. The parent company of Burger King and other fast-food restaurants beat earnings estimates by 2 cents per share, but revenue fell short of projections. Labor issues, according to the corporation, had an influence on operations.
Exxon Mobil – Energy stocks soared as oil prices rose, with WTI crude in the United States reaching its highest level in seven years. Exxon increased by 1.7 percent, ConocoPhillips increased by 1.4 percent, and Chevron increased by 1%.
Bakkt – After CNBC announced that the newly public crypto business would provide custodial services for Mastercard, Bakkt’s stock jumped more than 75%. Mastercard will soon allow banks and merchants to integrate cryptocurrency into their products, such as bitcoin wallets, credit and debit cards that earn cryptocurrency rewards, and loyalty programmes that can be converted into bitcoin.
Norwegian Cruise Line, Carnival — Carnival’s stock dropped 1.8 percent after Citi downgraded it from buy to neutral. Meanwhile, Norwegian stocks rose 0.9 percent after Citi initiated covering with a buy rating on the firm. “Cruise lines expect to have complete fleets sailing by next summer, and consumer interest is growing, as evidenced by our site traffic data, particularly for high-end brands,” the Citi analysts added.
Otis Worldwide — Even following a better-than-expected quarterly report, the builder of elevators and escalators saw its stock tumble by 3%. According to FactSet, Otis’ third-quarter earnings and revenue exceeded expectations on both top and bottom lines. This year, the stock has increased by more than 23%.
Whirlpool – Whirlpool’s stock dipped 1.3 percent after RBC downgraded it from sector perform to underperform. Whirlpool is losing market share, according to the corporation, and its margins are expected to deteriorate.
Warby Parker — The eyewear company’s stock soared 4.7 percent after Goldman Sachs recommended it as a buy. Goldman underlined the company’s rising brick and mortar footprint and market share capture, in addition to its brand strength.