Morning Movers
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LYFT.NQ 0.85%
Lyft Inc – On Tuesday posted an adjusted quarterly profit three months ahead of target, seizing on a leaner cost structure as rides rebounded, but it warned of ongoing driver shortages and the spread of the Delta coronavirus variant. The company reported adjusted earnings before interest, taxes, depreciation and amortization for the first time in its nine-year history, and said it would remain profitable on that basis going forward. Total adjusted EBITDA was $23.8 million for the three months ending in June. The adjustments exclude one-time costs, primarily stock-based compensation, which drove a $252 million net loss. Second-quarter revenue came in at $765 million, above analyst estimates for $697 million.

HOOD.NQ 16.39%
Robinhood Markets Inc – Up nearly 10% trading above $51 premarket, set for a fourth straight session of gains after closing up 23% Tuesday and since making a poorly received debut at $38 last week.

Chinese EV Makers – Back on watch set for a 5 day of gains in the last 6 sessions, data earlier this week showed electric vehicle sales at China’s Li Auto and Xpeng Inc more than tripled in July from a year ago, while they doubled at Nio Inc, helped by robust demand for new energy automobiles in the world’s biggest auto market. NIO, XPEV, LI

AFRM.NQ 1.92%
Affirm Holdings Inc – Bloomberg was first to report Apple Inc and Affirm Holdings Inc’s PayBright are set to team up to launch a “buy now, pay later” program for Apple device purchased in Canada. The move followed news on Square Inc, Monday as co-founder Jack Dorsey, said it would acquire buy now, pay later pioneer Afterpay Ltd for $29 billion.

GM.NY -3.06%
General Motors Co – Reported strong Q2 results but both EPS and revenue numbers missing expectations while continuing to accelerate its EV and AV growth initiatives. The company successfully prioritized production of its highest demand vehicles, gained significant retail market share in the full-size pickup segment in the United States. The company reported revenue of $34.2 billion and net income of $2.8 billion in the quarter and also raised its FY forecast.

NVDA.NQ -0.44%
Nvidia Corp – Back on watch trading lower this morning following a report yesterday suggesting the UK is considering blocking a takeover of Arm Ltd. Nvidia, the biggest US chip company by market capitalisation, announced in September a $40 billion deal to acquire Arm — currently owned by Japanese conglomerate SoftBank Group Corp.

ATVI.NQ 4.93%
Activision Blizzard – Forecast current-quarter adjusted revenue above estimates, as it expects strong demand for its popular franchises “Call of Duty” and “Candy Crush”. The company sees Q3 adjusted revenue at $1.85 bln, above estimates of $1.81 bln. Posted Q2 adjusted revenue of $1.92 bln, slightly above expectations of $1.90 bln.

ATHE.NQ 13.55%
Alterity Therapeutics – Announced a new US Patent to expand its portfolio of compounds for Neurodegenerative Diseases including Alzheimer’s and Parkinson’s.

BYSI.NQ 344.90%
Beyondspring Inc – Beyondspring says it plans to seek U.S. Fda And China Nmpa approval for Plinabulin in Combination with Docetaxel In Nsclc. Announced positive topline results from its DUBLIN-3 Registrational Trial of Plinabulin in Combination with Docetaxel for the Treatment of 2nd/3rd Line Non-Small Cell Lung Cancer.

WHLR.NQ 18.15%
Wheeler Real Estate Investment – Higher for the second straight session premarket, micro-cap REIT with a 7m share float, no significant news catalyst.

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