Morning Movers
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Oil Stocks – Continue to track the wild volatility in crude prices, lower again today with WTI down more than 8% in early trading to a fresh two week low. Russia-Ukraine ceasefire talks set to resume today easing supply fears while surging COVID-19 cases in top importer China fueled demand concerns once again. XOM, CVX, OXY, MRO, DVN

Airlines – Mostly higher as oil prices ease, DAL, UAL and LUV all out this morning with increased current quarter forecasts highlighting a recovery in air travel as the Omicron variant loosens its grip on the country. DAL, UAL, LUV, AAL, SAVE

TSLA.NQ -0.26%
Tesla Inc – Following weekend tweets from CEO Elon Musk pointing to further inflationary pressures to come for the EV maker, Tesla announced this morning it will raise prices across its entire line-up of electric vehicles. Prices have increased by between 5 to 10 percent, with the cheapest car the company sells — the Model 3 Rear-Wheel Drive — now starting at $46,990, while its top-end Model X Tri motor saw a price increase of $12,500, from $126,490 to $138,990.

AAPL.NQ -0.21%
Apple Inc – Little changed after yesterday’s slide on fresh supply concerns following another covid lockdown in China that shutdown supplier Foxconn’s facility. Helping the stocks this morning however is a positive note from JPM analysts sayingwill be able to manage the limited hit on its iPhone production due to a COVID-induced lockdown in Shenzhen.

Chinese Stocks – Lower for a second straight session after steep declines to start the week, renewed covid concerns in the country while pressure continues to grow from the SEC with certain US listed ADRs facing possible delisting for not complying with auditing measures from the regulator. BABA, JD, NIO, BIDU, GOTU, BILI are all down again between 4-6.5%

HYMC.NQ 82.73%
Hycroft Mining – Micro cap gold and silver producer sharply higher after saying it has received a $56 million equity investment from precious metals investor Eric Sprott and AMC Entertainment Holdings Inc. The deal equates to roughly 22% ownership of the overall company which owns the Hycroft Mine in northern Nevada, said the investment dramatically improves its liquidity position and provides years of financial runway. AMC

MRNA.NQ 3.21%
Moderna Inc – Higher for a second straight session on renewed covid related concerns coming out of China, the company also announced the first participant dosed in phase 1 study of its HIV Trimer mRNA Vaccine.

COUP.NQ -28.41%
Coupa Software – The could based business management software maker’s shares are down sharply after it forecast FY23 and Q1 revenue below Street’s estimates. The company said Q4 revenue rose 18% to $193.3 mln vs. ests of $185.7 mln -Refinitiv data. Multiple downgrades and PT cuts on the stock this morning.

GFAI.NQ 9.89%
Guardforce AI – Provided an updated FY guidance aftermarket yesterday that was unchanged from its prior earnings report. Said it has robotic expansion plans in the works.

EXN.AM 22.58%
Excellon Resources – Another micro cap gold and silver producer higher on little to no news, possible sympathy for HYMC.

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