Morning Movers
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F.NY -2.32%
Ford Motor Co – Lower premarket after yesterday’s sell off, Wednesday was the worst day for the stock since April. Jefferies downgrades Ford to “hold” from “buy”, says it’s premature to re-rate legacy automakers for their EV progress and says last year’s rally was overdone. Raised PT to $25 from $20.

UAL.NQ -0.81%
United Airlines – Shares of the U.S. carrier are lower to start after it trimmed its capacity forecast and warned of higher costs. Capacity for 2022 is now projected to be lower than in 2019, instead of growing 5% as estimated earlier. The company also posted a smaller-than-expected fourth-quarter loss, citing turbulence from the Omicron coronavirus variant. Winter storms and an increase in COVID-19 infections among employees led to mass flight cancellations last week.

AAL.NQ 1.21%
American Airlines -Reported a smaller fourth-quarter loss on Thursday, boosted by strong travel demand during the holiday season. American had ramped up capacity and staffing to meet the demand surge during the key season. Available seat miles, the carrying capacity of an airplane available to create revenue, rose 84% from a year earlier. The airline’s adjusted net loss fell to $921 million, or $1.42 per share, for the quarter ended Dec. 31, from $2.2 billion, or $3.86 per share, a year earlier when the COVID-19 pandemic hammered air travel. Total operating revenue rose to $9.43 billion from $4.03 billion a year earlier.

AMD.NQ -1.61%
Advanced Micro Devices – Lower premarket after Piper Sandler cuts to “neutral” from “overweight”, PT trimmed to $130 from $140. Cites high valuation and sluggishness in PC market, “At $128.27, AMD trades at 40x Piper’s 2022 EPS est. vs. 31.7x for peer group, Q4 PC shipments worldwide were down 5% YoY and sluggishness will continue through 2022” – Piper, citing Gartner report.

SOFI.NQ 2.63%
SoFi Technologies – Back on watch after yesterday’s impressive rally following news the online lender had received approval from US regulators to become a bank holding company. The Office of the Comptroller of the Currency and the Federal Reserve approved SoFi’s applications to become a bank through its proposed acquisition of Golden Pacific Bancorp.

Chinese Stocks – Higher as a group premarket after China’s cyberspace regulator on Wednesday denied issuing a document with new guidelines requiring the country’s major internet cos to seek approval for new investments and fundraising. The denial came after a document emerged on Chinese social media detailing such guidelines. BABA, PDD, JD, TUYA, BILI, TIGR

LCID.NQ 2.27%
Lucid Group – Higher premarket on solid volume for the second straight session, multiple positive notes on the stock pointing to high retail interest, large PIPE lockup now over worth watching for potential moves.

DIS.NY 0.19%
Walt Disney Co – Higher after saying executive Rebecca Campbell will lead its new hub for international content creation to expand regional content for its streaming services, DIS plans to double the number of countries where its flagship Disney+ service is available to 160 by the end of fiscal 2023. Another Disney executive, Michael Paull, was promoted to the newly created role of president of Disney Streaming, overseeing Disney+, Hulu, ESPN+ and Star+

DWAC.NQ 1.14%
Digital World Acquisition Corp – Lower volume premarket, set to open near yesterday’s low. Mentions of the stock remain high on social media sites ahead of the launch of Truth Social next month.

APM.NQ 9.02%
Aptorum Group – Low float, UK based pharmaceuticals company trading higher on increased volume, the company announced earlier this week it was granted first patent for its SACT-1 repurposed drug.

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