Morning Movers
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AAPL.NQ -0.30%
Apple Inc – Back on watch this morning after suring to fresh ATHs yesterday after a Bloomberg report suggested its new Apple Car could debut as soon as 2025. Previous reports suggested the vehicle’s chassis could be based on Hyundai’s E-GMP electric vehicle (BEV) platform, but built by Apple near Cupertino facility. Other rumors at this point suggest Apple is looking at a two motor design, battery cells with 500km+ on a full charge, the ability to charge up to 80% within 18 minutes through high-speed charging and 0-60 mph in less than 3.5 seconds.

NVDA.NQ 1.37%
Nvidia Corp – Higher premarket after rallying to ATHs yesterday following a blowout earnings report, the company reported rising gross profits and operating-costs along with better discipline drove a sharp increase in earnings. All told, the tech-leader’s adjusted net income soared 62% to $3 billion, or $1.17 per share. NVDA also raised it 2022 sales forecast on META hopes.

SG.NY -6.00%
Sweetgreen Inc – The salad chain operator comes to market valued at $5.53 billion after its shares skyrocketed 86 percent in their New York debut on Thursday, as investors embrace companies that focus on healthy and environment-friendly food. Sweetgreen’s shares opened at $52, compared to the IPO price of $28 a share, which was well above its targeted price range of between $23 and $25.

WSM.NY -7.08%
William-Sonoma – Lower after reporting quarterly adjusted earnings of $3.32​​ per share for the quarter ending in October. The mean expectation of twenty three analysts for the quarter was for earnings of $3.14 per share. Revenue rose 16% to $2.05 billion from a year ago; analysts expected $1.98 billion. Williams-Sonoma Inc’s reported EPS for the quarter was $3.29​. The company reported quarterly net income of $249.52 million.

LGVN.NQ 106.10%
Longeveron – US based, micro cap biotech firm sharply higher for the second straight day premarket after the Food and Drug Administration granted a rare pediatric disease designation for the company’s experimental drug Lomecel-B to treat life-threatening congenital heart defect in infants. Infants with hypoplastic left heart syndrome are currently being enrolled in co’s 38-subject mid-stage trial, which is partly funded by the U.S. National Heart, Lung, and Blood Institute. 2.9m share free float

AFRM.NQ -1.06%
Affirm Holdings – Announces pricing of upsized private offering of $1.5 Billion of 0% convertible senior notes due 2026.

SOFI.NQ -2.09%
SoFi Technologies – Trading lower after investor Chamath Palihapitiya announced he has sold down around 15% of his position in U.S. online lending company. Palihapitiya, founder and chief executive officer of Social Capital, said the sale was to build up cash reserves and fund recent investments in companies such as battery materials firm Mitra Chem, fintech startup Spectral Finance and blockchain infrastructure company Syndica.

FL.NY -5.16%
Foot Locker – Reported quarterly adjusted earnings of $1.93​​ per share for the quarter ending in October. The mean expectation of seventeen analysts for the quarter was for earnings of $1.38 per share. FL said revenue rose 3.9% to $2.19 billion from a year ago; analysts expected $2.14 billion. The company reported quarterly net income of $158 million. Lower after saying it expects supply chain constraints to persist in Q4 –

CANNABIS.STOCKS 2.41%
Cannabis Stocks – Looking to bounce as a group trading higher premarket after yesterday’s sharp decline, the group tumbled after Barclays said yesterday the global cannabis market growth will largely be driven by the “legal” U.S. market, but said “however, we don’t think cannabis will become federally legal in the US under the current Biden administration.” TLRY, CRON, CGC, GRWG

TUSK.NQ 30.32%
Mammoth Energy – Small cap, electric services company trading higher on volume after announcing a multi-year contract with a major utility that will run into 2024 to provide engineering and design service for the building of EV charging stations. The contract amount is said to worth $5 mln.

UWMC.NY 16.12%
UWM Holdings – Small cap consumer lender trading higher after announcing it would terminate a recently announced secondary offering.

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