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TSLA.NQ -1.60%
Tesla Inc – Trading lower premarket after warning of further upcoming factory and supply-chain related headwinds that will put pressure on its margins going forward. Tesla reported revenue that fell short of Wall Street estimates, but managed to beat third-quarter profit projections despite a semiconductor shortage and supply-chain challenges that have stymied competing automakers. Sales rose 57 per cent to US$13.8 billion, missing estimates of US$13.9 billion. Earnings came to US$1.86 a share on an adjusted basis, that beat the US$1.67 a share average of analysts’ estimates.

PINS.NY -0.85%
Pinterest Inc – PayPal has offered to buy the digital pinboard site for $45 billion, a combination that could bring more financial technology and social media tie-ups in e-commerce. The potential deal would be the biggest acquisition of a social media company, surpassing Microsoft Corp’s $26.2 billion purchase of LinkedIn in 2016. PayPal has offered $70 per share, mostly in stock, for Pinterest, one of the sources said. The online payments provider hopes to successfully negotiate and announce a deal by the time it reports quarterly earnings on Nov. 8. PayPal and Pinterest did not respond to requests for comment. Bloomberg News first reported on the companies’ talks on Wednesday.

LVS.NY -3.01%
Las Vegas Sands – Reported a wider-than-expected quarterly loss and revenue that was lower than analysts’ expectations. Its quarterly revenue came in at $857 million, much lower than a Definitive consensus estimate of $1.34 billion. Multiple analyst PT cuts this morning including one from JP Morgan.

CROX.NQ 9.65%
Crocs Inc – Posted record third quarter revenues that rose 73 percent to $626 million. Q3 adjusted earnings per share $2.47 and EPS of $2.42 were both higher than expected. The company also raised its full year revenue and operating margin guidance *despite temporary disruptions, saying “we expect 2022 revenues to grow over 20% from 2021” During Q3 Crocs saw negative impact from Vietnamese factory closures and widespread disruption in global supply chain but said it remains confident it can deliver upon short- and long-term goals.

T.NY 1.24%
AT&T – Reported Q3 adj. EPS of 87 cents and rev of $39.9 bln beats Refinitiv est of profit of 78 cents/shr and rev of $39.14 bln on increased demand for phone and internet service and steady growth for its streaming platform HBO Max. AT&T’s monthly phone bill paying subscriber rose by 928,000, way above expectations of 560,000.

Vaccine Stocks – Late Wednesday we learned the Food and Drug Administration authorized Covid vaccine booster shots made by Johnson & Johnson and Moderna, another critical step in distributing the extra doses in the U.S. Meanwhile, Pfizer and BioNTech this morning posted promising data from late-stage trial of a 30-µg booster dose of the their COVID-19 Vaccine in more than 10,000 individuals 16 years of age and older. In the trial, a booster dose administered to individuals who received both initial shots of the vaccine showed relative vaccine efficacy of 95.6% when compared to those who did not receive a booster. PFE, BNTX, MRNA, JNJ

DIDI.NY 3.36%
Didi Global Inc – The Wall Street Journal is reporting that China’s cybersecurity watchdog suggested ride-hailing firm Didi Global and two other U.S.-listed tech companies explore listings in Hong Kong.

NXTP.NQ 20.73%
Nextplay Technologies – Reported revenue that totaled $2.6M compared to none in the same year-ago quarter. Gross profit was $1.4M, with consolidated gross margin at 51.9%. Earlier, NextPlay Technologies had announced plans to form the MedTrek Fund, expected to be a blockchain securitized closed-end fund. Shares +20% premarket.

RMED.AM 13.33%
RA Medical Systems – Wainwright initiates with a “Buy” rating. Micro cap medical equipment maker, 6m share free float.

DWAC.NQ 8.03%
Digital World Acquisition Corp – Sharply higher after announcing a deal to take Trump’s media co public.

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