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Tesla Inc – Shares of EV maker are up sharply in pre-market trading after the world’s most valuable carmaker posted record quarterly deliveries with solid demand for its electric cars offsetting the impact of a global shortage of auto parts. Tesla delivered 184,800 vehicles globally during the first quarter, above estimates of 177,822 vehicles. Shares of Chinese rival NIO are also higher on the news.
GameStop Corp – Shares are set to open down nearly 15% after the company said it may sell up to 3.5 million shares as it tries to take advantage of the stock price surge following a Reddit-driven trading frenzy earlier this year. The share sale would fetch the company more than $670 million at Thursday’s closing price of $191.45. The shares have gained more than 900% so far this year.
Palantir Technologies – Has been selected by the National Nuclear Security Administration (NNSA) to provide its Office of Safety, Infrastructure, and Operations with a platform for effective knowledge management and data-driven decision-making in an agreement worth up to $89.9 million for a duration of up to 5 years.
Applied Materials Inc – Shares of the semiconductor maker are set to open at record highs this morning extending a solid rally from last week. Credit Suisse hiked its PT by $30 on the stock to $175, ahead of co’s investor meeting on April 7, citing longer-term trends, such as rising cost of capacity and growing importance of domestic production; median PT is $140. CS expects AMAT to have a long-term growth of ~$100 bln in its wafer fabrication equipment business and a services total addressable market of $25 bln-$30 bln.
Roblox Corp – Sharply higher in premarket trading after Goldman Sachs, Bank of America and Truist Securities analysts all initiated coverage on the stock with positive ratings and PTs avg $78.
Invitae Corp – The mid-cap genetic testing focused biotech firm is trading sharply higher for the third straight session this morning following reports from the Wall Street Journal that Japanese investing giant SoftBank Group Corp plans to lead a $1.2 bln investment in the company.
MicroVision Inc – Back on Watch after Friday’s lackluster session, the stock rallied Thursday afternoon on news Microsoft had secured a $21b contract with the US Army, MVIS is said to be one of the main suppliers of the lens used in the augmented reality goggles Microsoft will produce.
AMC Entertainment Inc – Higher in the premarket after catching an upgrade from analysts at B.Riley who upped their view on the stock Buy from Neutral with a PT of $13. Positive news from the movie industry as well as new movies arrived Godzilla vs. Kong gave a shot in the arm to theater operators. The film from Warner Bros. and Legendary Entertainment generated $32.2M over Easter Weekend and garnered $48.5M in the U.S. and Canada during its first five days of release.
Draftkings Inc – Higher this morning on light volume after announcing it has acquired Blue Ribbon Software Ltd., a Tel Aviv-based leading global jackpot and gamification company (“BlueRibbon”) that provides platform-agnostic, real-time gamification tools that allow for fully customizable jackpot promotions. DraftKings said it will now be able to enhance the customer experience by integrating BlueRibbon’s unique jackpot functionality, including personalized promotions and rewards tailored to the individual customer or jackpots that pay out across DraftKings’ various product offerings.
Plug Power – Chart Industries and Baker Hughes have announced plans to become cornerstone investors in establishing the market presence for the FiveT Hydrogen Fund and enable initial stages of activity. Combined investments of €260 million are part of a €1 billion Fund ambition, helping to drive development for climate change solutions and accelerate the energy transition to a net-zero future. Three companies each bring financial, strategic and technical expertise to help further develop the hydrogen economy.
Nano – X Imaging – Shares are set to gain more than 70% this morning after the company announced it has received FDA approval for use of its digital x-ray technology.
Chembio Diagnostics Inc – The US has launched an FDA Emergency Use Authorization-approved, in-licensed rapid point-of-care COVID-19/Flu AandB test, for use in decentralized and traditional testing settings. Product inventory is on-hand and immediately available for shipment to customers across the United States.