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GME.NY -7.36%
GameStop Corp – Reported a $147.5 million loss over the period that included the 2021 holiday season and announced that it will launch its marketplace for non-fungible tokens by the end of second quarter 2022. Despite the losses, revenue is growing at the Grapevine-based video game retailer that’s on a mission to modernize its e-commerce operations. GameStop had a $1 billion increase in annual sales in 2021 over 2020. And it reported $2.25 billion in sales during the fourth quarter, which includes the holiday season, a slight increase over its 2019 pre-pandemic fourth-quarter sales of $2.19 billion. Still, the company is burning cash to the tune of a $1.94 loss per share, according to filings.

STNE.NQ 29.55%
StoneCo – The Cathie Wood fintech name reported quarterly adjusted earnings of 13 centavos​​ per share for the quarter ended in December. The mean expectation of eight analysts for the quarter was for a loss of 24 cents per share. Revenue rose 87% to R$1.87 billion from a year ago; analysts expected R$1.71 billion. StoneCo Ltd’s reported EPS for the quarter was a loss of R$2.57​. The mean earnings estimate of analysts had fallen by about 133.1% in the last three months.​ In the last 30 days two analysts negatively revised earnings estimates.

X.NY -3.33%
United States Steel – Trading lower after the company posted softer-than-expected guidance for the first quarter. The steel manufacturer’s guidance missed estimates with the company now expecting around $1.3 billion in revenue in its first quarter and adjusted per-share earnings in the range of $2.96 to $3. The company expects its mini mill segment to continue delivering adjusted EBITDA margins similar to 2021 levels, reflecting the segment’s high-quality earnings. U.S. Steel said recent geopolitical events are increasing spot steel demand, particularly at the Big River Steel operations, resulting in a growing backlog of orders.

FB.NQ -0.89%
Meta Platforms – Lower after three straight solid gains, Australia’s competition watchdog filed a lawsuit against Facebook owner Meta Platforms, alleging the social media giant failed to prevent scammers using its platform to promote fake ads featuring well-known people. The advertisements, which endorsed investment in cryptocurrency or money-making schemes, could have misled Facebook users into believing they were promoted by famous Australians.

TSLA.NQ -0.85%
Tesla Inc – Resumed production at its Shanghai factory after a two-day suspension, people familiar with the matter said, as movement controls imposed on its workers as part of the city’s efforts to curb the latest COVID-19 outbreak eased.

BA.NY 1.20%
Boeing Co – Higher on reports the company is edging towards a landmark order from Delta Air Lines for up to 100 of its 737 MAX 10 jets, a model it is battling in separate talks to get approved before year-end rule changes, people familiar with the matter said. The deal, if confirmed, would be the first order from Delta for Boeing’s best-selling single-aisle airplane family, and the first major Boeing order for the carrier in a decade.

HYMC.NQ 7.25%
Hycroft Mining – Active again in premarket trading for the third straight session as investors continue to digest the AMC Entertainment investment news from earlier this week.

MRNA.NQ 1.87%
Moderna Inc – Higher premarket after three straight volatile sessions, said late Thursday it has sought emergency use authorization from U.S. health regulators for a second COVID-19 booster shot, as a surge in cases in some parts of the world fuels fears of another wave of the pandemic.

PIK.NQ 27.79%
KidPik – Higher on volume for the second straight sessions, the company yesterday announced it has teamed up with Disney in celebration of the release of Disney’s Cheaper by the Dozen, a fresh take on the classic film, starring Zach Braff and Gabrielle Union. The film is set to release on March 18, 2022 streaming exclusively on Disney+.

GROM.NQ 50.05%
Grom Social – Today’s low float runner, no significant news. 9m float, $12m market cap.

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