Morning Movers
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DKNG.NQ 4.56%
Draftkings Inc – Trading up more than 4% this morning after the company was named the NFL’s official sports betting partner.

QS.NY 1.37%
Quantumscape Corp. – Higher this morning after the company responded to the short seller report released yesterday by Scorpion Capital. The company said that Scorpion is taking a pure speculation position and stands to financially benefit from a decline in its shares. QuantumScape’s stock dropped more than 12% yesterday.

COIN.NQ -0.07%
Coinbase Global Inc – Back on watch this morning trading slightly lower in the premarket, the stock saw muted action on Thursday in it’s second trading session, COIN announced early on Thursday it had disabled withdrawals of ETH and ERC-20 due to a recent update to its system, the company said this morning those services had been restored.

Crypto Stocks – Trading lower as a group premarket after yesterday’s selloff, BTC prices are falling this morning as well trading back at $60000. Turkey announced it has banned the use of cryptocurrencies and crypto assets to purchase goods and services. The crypto market in the country had gained momentum recently, due to spiking inflation and lira. SOS, RIOT, MARA, MSTR, SI, BTBT, FTFT are all down between 4%-7% in early trading.

MS.NY -1.94%
Morgan Stanley – Reported net revenues of $15.7 billion for the first quarter compared with $9.8 billion a year ago. Net income applicable to Morgan Stanley was $4.1 billion, or $2.19 per diluted share,compared with net income of $1.7 billion, or $1.01 per diluted share,1 for the same period a year ago. The comparisons of current year results to prior periods were impacted by the acquisitions of Eaton Vance Corp. The results equate to a 150% jump in quarterly profit as a global deal making boom boosted investment banking and heightened trading activity lifted its institutional securities division.

TSP.NQ -2.38%
TuSimple Holdings – Made a relatively successful debut on the Nasdaq yesterday despite an early sharp selloff after pricing above its expected range, the self-driving truck company closed at $40 finishing dead flat on the session. The San Diego based company sold 33.8m shares at $40/share raising nearly $1.4b.

AA.NY 3.38%
Alcoa Corp – The U.S. aluminum giant’s shares are higher premarket on a strong 2021 forecast and better-than-expected Q1 results. AA reported Q1 adj EPS of 79 cents on rev of $2.87 bln, topping analysts’ est for EPS of 46 cents on rev of $2.63 bln. The company said “We excelled from the top line to the bottom line, controlling production costs and capturing the benefits of improved demand and stronger prices for alumina and aluminum.” AA said it is expecting a strong 2021 “based on continued economic recovery and increased demand for aluminum in all end markets”.

Travel Stocks – Multiple upgrades for the second time this week mostly surrounding airlines today, low volume premarket but underlying relative strength. Any uptick we’ve seen however was sold this week due to underlying concerns over increasing global covid-19 cases. AAL, UAL, DAL, LUV, SAVE, CCL, RCL, NCLH

MTSL.NQ 89.20%
Mer Telemanagement Solutions Ltd – The Israel-based solutions provider for online video advertising and telecom expense management shares are surging this morning after the company announced it has entered into merger agreement with privately-held sports betting technology firm SharpLink. Under deal terms, SharpLink’s common and preferred shareholders to receive MTSL’s shares and will own ~86% of combined co.

EBET.NQ 32.29%
Esports Technologies Inc – Shares of Esports Technologies Inc shot up 250% to open at $21 in their Nasdaq debut on Thursday. The Co’s IPO was priced at $6 per share after offering 2.4 mln shares in its IPO, raising about $14.4 mln. Trading was halted multiple times due to volatility, EBET is a provider of advanced e-sports wagering products and technology, and operates a licensed online gambling platform.

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