Pinduoduo, JOYY And 3 Stocks To Watch Heading Into Monday
With US stock futures trading lower this morning on Monday, some of the stocks that may grab investor focus today are as follows:
Earnings Scheduled For August 29, 2022
Companies Reporting Before The Bell
• NAPCO Security (NASDAQ:NSSC) is expected to report earnings for its fourth quarter.
Is Koolearn’s Stock Surge on Boom in Livestreaming Business Just a Blip?
Key Takeaways:
The company’s unique bilingual sales pitches by its anchors have drawn millions to the platform, which topped livestream e-commerce rankings for days
62 Biggest Movers From Yesterday
Gainers
Missfresh Limited (NASDAQ: MF) jumped 51.1% to close at $0.2450 on Wednesday.
JOYY Late Tuesday Reported Q1 EPS $0.28 Beats $0.27 Estimate, Sales $623.78M Beat $609.58M Estimate
JOYY (NASDAQ:YY) reported quarterly earnings of $0.28 per share which beat the analyst consensus estimate of $0.27 by 3.7 percent. This is a 193.33 percent increase over losses of $(0.30) per share from the same period
Earnings Scheduled For May 31, 2022
Companies Reporting Before The Bell
• MamaMancini's Holdings (NASDAQ:MMMB) is expected to report quarterly loss at $0.03 per share on revenue of $12.24 million.
Livestream Tipping Clampdown: Bad for the Big Boys, But Worse for Small Fries
Key Takeaways:
Newly announced rules will ban minors from tipping their favorite livestreaming hosts and outlaw tip rankings
Big platforms like Kuaishou have more balanced tipping structures and diverse revenues, meaning they could suffer less from the new policy than smaller rivals
Mid-Afternoon Market Update: Dow Turns Lower; Fed Boosts Interest Rates
U.S. stocks pared gains toward the end of trading, with the Dow Jones dropping more than 100 points on Wednesday.