Morning Movers
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NKE.NY -2.54%
Nike Inc – Shares of athletic apparel maker are down this morning after it delivered mixed Q3 results aftermarket yesterday, the company posted Q3 revenue of $10.36 bln, missing estimates, hurt by 11% decline in North America sales due to container shortages and U.S. port congestion. NKE also forecast “low-to-mid-teens” full-year revenue growth, falling just short of the 15.9% increase in sales that analysts were expecting.

PLUG.NQ -1.26%
Plug Power Inc – Remains on watch set to open lower for the third straight session, the company announced earlier in the week it plans to restate its 2018 and 2019 financials after it found “errors” in its accounting. Multiple PT cuts on the stock again this morning.

FDX.NY 4.74%
FedEx Corp – Said quarterly profit jumped more than expected on higher prices and surging volume from pandemic-fueled e-commerce deliveries during the holiday shipping season. Fiscal third-quarter adjusted net income soared by 153 percent from a year earlier to US$939 million, or US$3.47 per share, beating expectations. Revenue for the quarter grew by 23 percent to US$21.5 billion, boosted by a half billion holiday package deliveries and coronavirus vaccines shipments.

LAZR.NQ 2.09%
Luminar Technologies Inc – Back on watch this morning after a huge intraday reversal Thursday, the company announced it will partner with China’s SAIC Motors, using its sensors in the first high-tech self driving cars from the company. Luminar this morning is also out with a revised FY ’21 forecast, increasing its early guidance saying it now sees revenue for the year between $25 and $30 million.

AMC.NY 1.93%
AMC Entertainment – Showed plenty of relative strength throughout yesterday afternoon’s selloff, set to open higher again this morning after saying yesterday it will have “most” of its cinemas reopened in the US by the end of the month.

TSLA.NQ 1.37%
Tesla Inc – Under pressure in early trading for the second straight session, the US National Highway Traffic Safety Administration (NHTSA) is investigating a second crash this week that saw a Tesla vehicle crash into a parked car. We learned on Tuesday the driver of a Tesla Model Y who smashed into a state trooper’s cruiser near Michigan was using Autopilot, Tesla’s advanced driver-assistance system (ADAS), at the time of the crash, This morning China’s military announced it will not allow Tesla vehicles on military housing complexes over concerns with interior cameras.

SKLZ.NY -7.48%
Skillz Inc – The recent SPAC conversion has been volatile following a recent short-seller report. The company provides monetization services to game developers through mobile eSports platform. The company also this week announced plans for an offering, it will sell sell 17 mln and 15 mln shares of Class A common stock, respectively, at $24 apiece.

SNES.NQ 81.55%
Senestech Inc – Nano-cap Biotech company trading higher this morning after announcing the conclusion of agricultural deployments of its ContraPest® product with demonstrated, sustained success in reducing rat populations and improving operating economies in poultry farm settings.

ZKIN.NQ 12.43%
ZK International Group Co Ltd – The popularity of non-fungible tokens (NFT), has spread to equities this week as investors targeting shares of online art trading platforms and companies making NFT-related announcements, Shares of pipe maker ZK International Group were up as much as 20% on Thursday. ZK announced earlier in the week that its subsidiary xSigma Corp would develop an NFT marketplace where users could buy and sell NFTs and create custom assets in a few clicks. Similarly, Sino-Global Shipping America Ltd. SINO said Thursday it will launch an exchange for NFTs with e-commerce public chain CyberMiles. SINO, YVR, ZKIN

IDRA.NQ -62.38%
Idera Pharmaceuticals Inc – Shares are tumbling this morning after the company’s drug candidate tilsotolimod in combination with Bristol-Myers Squibb’s drug ipilimumab being tested as a potential treatment for a type of skin cancer did not meet the main goal of a late-stage trial. Two brokerages downgrade stock, J.P. Morgan says the data takes accelerated approval off the table and points to a challenging path forward.

Crypto Stocks – This group is trading higher in the premarket with BTC prices back at $60000, no other individual related news however. SI, SOS, MSTR, RIOT, MARA, BTCC.B

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