Joel Elconin - Spark Newswire

2 minute read

Bank Of America Investors Give Thumbs-Up To Q1 Earnings: What The Chart Shows

Today, 2:59 AM

Despite the prospect of rising interest rates, the financial sector has been under extreme selling pressure since early January. It's been a mixed bag for first-quarter earnings for the big banks so far, with assorted beats and misses and inconsistent price action.

BAC

2 minute read

Is IBM Stock ‘A Place To Hide’ In Volatile Market? PreMarket Prep Crew Talks Big Blue

By Joel Elconin

Today, 2:59 AM

One former Wall Street darling that has been a serial underperformer during the greatest bull market of all time was the recipient of an upgrade Friday morning. That company is International Business Machines Corp (NYSE: IBM), and it's the PreMarket Prep Stock of the Day.

IBM

2 minute read

PreMarket Prep Tackles Robinhood Markets Downgrade: ‘The Stupidest Thing Ever’

By Joel Elconin

Today, 2:59 AM

For the second day in a row, a major Wall Street firm has downgraded a company to Sell.

HOOD

2 minute read

PreMarket Prep Stock Of The Day: What’s Ailing Rite Aid?

By Joel Elconin

Today, 2:59 AM

It is a rarity when Wall Street analysts come out with a “sell” rating on a company. Yet in this market environment, when it occurs, it has a notable impact on the company being targeted.

RAD

2 minute read

PreMarket Prep Stock Of The Day: Rivian Automotive’s Rough Ride

By Joel Elconin

Today, 2:59 AM

It has been rough going in the SPAC/IPO market in 2022 for most issues. One of the worst performers has been Rivian Automotive Inc (NASDAQ: RIVN), which is the PreMarket Prep Stock of the Day.

RIVN

2 minute read

Cruise Stocks Get A Headline Pop: PreMarket Prep Breaks It Down

By Joel Elconin

Today, 2:59 AM

Reopening stocks such as the cruise lines have been searching for a catalyst to instigate a move higher.

CCL

2 minute read

Elon Musk’s Twitter Stake Sends Stock On Relentless Move Higher: Is Activist Investing Next?

By Joel Elconin

Today, 2:59 AM

As traders saw Monday in the premarket price action and strong follow in shares of Twitter Inc. (NYSE: TWTR), SEC filings can have a major impact on price action.

TWTR

2 minute read

Printer Malfunction: HP Downgrade Scares Investors Away

By Joel Elconin

Today, 2:59 AM

With a volatile geopolitical landscape and inflation worries dominating price action, analyst ratings have taken a backseat in the market. Yet on Thursday, a Morgan Stanley downgrade is having a huge negative impact on shares of HP Inc

HPQ

2 minute read

PreMarket Prep Stock Of The Day: Nio Stock Powers Down After Q4 Earnings

By Joel Elconin

Today, 2:59 AM

Only one noteworthy earnings report came after the close on Thursday, and it was from Nio Inc. (NYSE: NIO).

NIO

2 minute read

PreMarket Prep Stock Of The Day: Uber And When ‘Enemies Become Friends’

By Joel Elconin

Today, 2:59 AM

If you were listening to the PreMarket Prep Show live on Thursday, you were treated to instantaneous coverage of breaking news from Uber Technologies (NASDAQ: UBER).

LYFT