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Tesla Inc – Forecast vehicle deliveries would comfortably grow by more than 50% year-over-year in 2022 despite persistent supply chain issues that it expects to be alleviated only next year. The upbeat outlook came after the world’s most valuable automaker posted record quarterly revenue that beat Wall Street expectations. CEO Elon Musk said that Tesla would not roll out new models this year but hopefully would launch its Cybertruck, Semi and Roadster next year. Revenue rose to $17.72 billion in the fourth quarter, above analyst estimates for $16.57 billion. He also said Tesla’s volume growth would comfortably exceed 50% from last year to more than 1.4 million vehicles delivered this year.
Netflix – Up 4% premarket on news Pershing’s Bill Ackman has bought 3.1 million shares saying the growth darling is now a value play. Ackman said, in a letter to his clients, his hedge fund, Pershing Square Capital Management, started buying on Friday and now owns more than 3.1 mln shares in Netflix, making Pershing Square a top 20 shareholder.
Intel Corp – The chipmaker forecast first-quarter revenue above Wall Street expectations on Wednesday, placing bets on its in-house chip-making capacity to meet strong demand from PC, data center and artificial intelligence markets even through a global semiconductor supply crunch. The company expects first-quarter revenue of about $18.3 billion, compared to analysts’ average estimates of $17.62 billion. The company posted record revenue in Q4 of $19.5 bln, above expectations of $18.32 bln.
Advanced Micro Devices – China’s market regulator has conditionally approved the company’s $35 billion all-stock deal for peer Xilinx. In a public notice, China’s State Administration for Market Regulation said it will approve the deal on condition that AMD and Xilinx do not force tie-in sales of products or discriminate against customers that buy one set of products but not another. The regulator added that the newly merged entity must also ensure “the flexibility and programmability of Xilinx FPGAs” and “that their development methods are compatible with ARM-based processors”.
LendingClub – Another huge gainer from 2021 down sharply even after beating top and bottom-line estimates for its latest quarter, as it issued a weaker-than-expected full-year forecast. Multiple downgrades.
Aridis Pharmaceuticals – Wins funding from Gates Foundation to test inhalational COVID-19 antibodies.
Sierra Oncology – Recent low float runner back on watch after a big rally Wednesday. Early this week the company announced it had secured $135M capital via equity raise.
Groupon Inc – On watch after yesterday’s impressive rally that followed a Bloomberg report suggesting UK based payment firm SumUp is considering a new financing round that would value the company at about 20 billion euros, or around $22.6 billion. In December, the investment firm Prescience Point Capital Management published a bullish report on Groupon saying the company’s 5% stake in SumUp is a “valuable secret asset” that the market has “completely overlooked.” Groupon has been an investor in SumUp since 2013.