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Tesla Inc – Coming off Friday’s impressive rally is trading slightly lower in the premarket, EV focused site Electrek siting an internal email is reporting the company’s CEO Elon Musk has told employees this week will be the company’s most intense delivery week ever. The company also announced it has rolled out a software update that allows customers to request access to its Full Self-Driving beta software.
Airbnb Inc – J.P.Morgan begins coverage of rental startup Airbnb with a “neutral” rating and $170 PT. Citing potential benefits from underlying secular trends in travel with the U.S. and European borders opening further – brokerage. Ongoing travel recovery and continued adoption of Alternative Accommodations (AA) would drive co’s revenue at over 20% compound annual growth rate (CAGR) from 2021 to 2024, expects JPM.
Travel Stocks – Higher as group premarket on improving covid-19 case numbers in the US, data showed U.S. Covid were 114,000 new cases, on average, the last 7 days through Friday, down from a 7-day average of about 160,000 cases at the peak of this latest wave in early September. CCL, RCL, NCLH, AAL, UAL, DAL, LUV, SAVE
Crypto Stocks – Back on watch as volatility remains high on Chinese regulatory concerns, Friday China’s central bank has announced that all transactions of crypto-currencies are illegal, effectively banning digital tokens such as Bitcoin. COIN, MARA, RIOT, BTBT, SI, SOS, MSTR
Energy Stocks – Benefiting from an impressive September rally in oil prices are once again trading higher premarket, oil is higher for a fifth straight day amid supply concerns as demand picks up in parts of the world with the easing of pandemic restrictions. XOM, OXY, CVX, FANG, DVN, HAL
Vizio Holdings – Trading higher for the fourth session in five days after following a positive note from Barron’s analysts saying “In television, the dongle is dead, and set makers are suddenly gaining show-business swagger, investors should consider newly public Vizio Holding, which completed ‘upfront’ advertising negotiations with more than $100 million in commitments, up fourfold from last year,” he says. Pointing to higher potential from streaming opportunities.
Red Cat Holdings – The hardware-enabled software provider to the drone industry, announced its subsidiary, Skypersonic, Inc., a leader in Confined Space drone technology, has been awarded a five-year contract with NASA to provide drone and rover software, hardware and support for its Simulated Mars mission.
Paltalk Inc – Micro cap, low float premarket runner with no news, $33m market cap, 3.6m free float.
Vinco Ventures – Remains active, up 15% premarket after being cut in half over the past 2 weeks of trading. The company announced more NFT related initiatives early last week.
Puhui Wealth Investment Management – Chinese based holding company mainly engaged in providing third-party wealth management service, low float, 3.8m, no apparent news.