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Roku Inc – Down sharply as Q4 guidance disappoints, the company topped expectations with its latest earnings and revenue figures however. Fourth-quarter net income of $23.7 million, or 18 cents a share, down from $67.3 million, or 49 cents a share, in the year-earlier quarter. Revenue rose to $865.3 million from $649.9 million, while analysts had been projecting $894 million. The company generated $161.7 million in sales from its player business and $703.6 million from its platform business.
Draftkings Inc – Trading lower after disappointing investors with its Q4 earnings report and guidance update. The company saw revenue jump 47% during the quarter to $473M despite lower-than-expected hold in October primarily due to NFL game outcomes. Monthly unique payers increased by 32% to 2M, which fell just short of the analyst expectation of 2.1M. Average revenue per monthly unique payer grew by 19% to $77. DKNG said ARPMUP benefitted from continued mix shift into Sportsbook and iGaming product offerings and the cross selling of customers into more products. Guidance from DraftKings (DKNG) for FY22 revenue came in $1.85B to $2.0B vs. vs. $1.9B consensus and an adjusted EBITDA loss of $825M to $925M is anticipated vs. -$699M consensus.
Palantir Technologies – Higher premarket after yesterday’s steep decline. Cathie Wood’s Ark Invest sold 4.8m shares of the company on Thursday post-earnings, multiple PT cuts on the stock this morning.
Chinese Stocks – Lower as a group premarket after the U.S. Trade Representative’s office said E-commerce sites operated by China’s Alibaba and Tencent Holdings were included on the U.S. government’s latest “notorious markets” list. BABA, TME, JD, PDD
Digital World Acquisition Corp – Back on watch after yesterday’s sell off, a judge ruled Thursday that the former President must answer questions under oath in New York state’s civil investigation into his business practices.
Chip Stocks – Back on watch after leading Thursday’s NVDA led sell off, INTC shares are higher after Intel Chief Executive Officer Pat Gelsinger told an investor gathering that the chipmaker is aiming to achieve double-digit annual revenue growth in three to four years. AMD, NVDA, INTC all active premarket.
Squeeze Stocks – Yesterday saw the return of multiple low float, 100% plus rallies. ISPO, ANGH, CPTN, NVCT all back on watch active premarket. All jumped to the top of the most mentioned lists on multiple trading focused, social media sites. ISPO, ANGH, CPTN, NVCT, QNGY
Energy Vault Holdings – Former SPAC, develops sustainable, grid-scale energy storage solutions. Fifth day trading under its own symbol.