01/11/2022 Watchlist Chart
Rivian Automotive – Lower after a filing showed the company made 1,015 vehicles by the end of 2021. In Dec, co said it expected production to be “a few hundred vehicles short” of its 2021 target of 1,200 due to supply chain issues. Separately, RIVN announced Rod Copes retired as chief operating officer. On Monday, RIVN briefly fell below IPO price of $78 for the second time in three sessions, hit by a broad selloff of growth stocks and closed at its lowest since IPO.
Tesla Inc – Trading higher after December China sales numbers showed a 34% MoM increase in deliveries. The company sold a record 70,847 China-made vehicles in December, the highest monthly rate since it started manufacturing in Shanghai in 2019.
Intel Corp – Higher after announcing it has named Micron Technologies finance head David Zinsner as CFO and executive vice president from Jan. 17, ahead of retirement of current finance chief George Davis in May.
Advanced Micro Devices – Showing strength premarket after KeyBank raises its rating on on the chipmaker to ‘overweight’ from ‘sector weight’ pointing to cloud growth inflection with a PT of $140.00.
CVS Health Corp – Raised its full year 2021 gap diluted earnings per share guidance range to $5.87 to $5.92 from $5.50 to $5.61. Also raised its full year 2021 adjusted EPS guidance range to $8.33 to $8.38 from at least $8.00. Affirmed FY 2022 gap diluted EPS guidance range of $7.04 to $7.24 and its adjusted EPS guidance range of $8.10 to $8.30.
Apple Inc – Holding premarket gains after yesterday’s reversal. Announced new Fitness Plus subscription service. As per GSM Arena, the new features aim at making the users morning run more pleasurable. The new program will kick off with three cities- London, Brooklyn and Miami Beach. The users will be provided with an audio guide with tips and along with those, they will get matching photos and music.
Nikola Corp – Trading higher after Covenant Logistics Group signed a letter of intent for 50 of the company’s zero-emission vehicles.
Black Diamond Therapeutics – Announced FDA allowance of IND Application for BDTX-1535, A Master Key Inhibitor of EGFR for the Treatment of Gliobastoma and Non-Small Cell Lung Cancer.
Splash Beverage Group – Today announced it has received authorization to sell its TapouT performance drink in Florida beginning with 47 Walmart stores located in major metropolitan regions. Walmart has approximately 341 stores in the state of Florida, the second largest number of stores by state in the U.S
$HTZ—- added earlier based on volume spikes—looks like nice swing candidate—shares preferred over options unless collecting premiums.