ABNB, RBLX, VIAC, WIX, ZI: Trending Stocks Today 16 Feb

By Kirsteen Mackay


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The equity markets bounced on Tuesday, will the rally hold today?

Airbnb vacation rentals Istanbul

There's disappointment all around this morning as several tech stocks reported worse than expected earnings results yesterday.

The threat of Russia invading Ukraine is still on the table, which could affect the energy markets.

S&P futures down 0.4% in Wednesday morning trading.

Oil up. Gold up. Bitcoin up.

14,139.76 (+2.53%) 4,471.07 (+1.58%) 44,142.61 (+1.24%)

Here are some trending stocks today:

  • Investors are discussing Airbnb (ABNB) on Wednesday, after the company's stock climbed by 6.14% during Tuesday's session. Q4 was another record quarter for the group, and full-year results were outstanding. It's up 3% more pre-market. Click to discover if Airbnb Stock is a buy.

  • Roblox Corp (RBLX) didn't fare so well. Its earnings release disappointed after a good day of trading on Tuesday saw the company's stock climbed by almost 7.29%. Unfortunately, it is now down 15% pre-market to around $62. Over the past year, RBLX stock has traded between $53.63 and $141.6. Q4 earnings were hit by weaker revenues and commentary that monetization improvement will not come until late in Q2. 

  • ViacomCBS (VIAC) is trending on Wednesday, after a good day of trading on Tuesday saw the company's stock climb by almost 2.74%. It released its Q4 earnings after hours yesterday with excellent results. It beat estimates on streaming numbers and raised its 2024 streaming sub guidance to 100m. And now ViacomCBS is changing its name to Paramount as it sets its sights on being a major player in streaming. It plans to launch Paramount+ in 45 markets by the end of 2022. This expansion will lead to higher costs, particularly in content spending.

  • Wix.Com Ltd (WIX) is another stock trending on Wednesday. It is down over 13% pre-market after suspending annual guidance and reporting disappointing revenues.

  • ZoomInfo Technologies Inc (ZI) is trading down over 10% pre-market on Wednesday, after shares jumped by 6.2% to close at $58.78 on Tuesday. Its Q4 earnings results were generally well-received but full-year 2022 revenue guidance disappointed.

  • Investors are discussing Akamai Technologies, Inc. (AKAM) on Wednesday after the company disappointed investors. Analysts are lowering their target prices on AKAM stock as guidance for 2022 is below expectations, and theirs some scrutiny surrounding Akamai's $900m acquisition of IaaS provider, Linode. Over the past year, AKAM stock has traded between $92.64 and $120.68.

  • Cloud-based restaurant software provider Toast (TOST) is down 15% pre-market after a wide quarterly loss.

  • Internet services company Angi Inc. (ANGI) is down 10% pre-market after reporting a poor quarter. Angi operates two online marketplace brands in North America: HomeAdvisor and Handy, which advertise trades such as plumbing, roofing and landscaping.

Some other stocks that are up in early market trading are:

  • Generac Holdings (NYSE: GNRC) 7%

  • Analog Devices, Inc. (NASDAQ: ADI) 3%

  • Pinduoduo Inc (NASDAQ: PDD) 1.75%

  • Kraft Heinz Co (NASDAQ: KHC) 1.5%

If you enjoyed reading this overview of what to expect in today's financial market, why not read our in-depth reports on ESG investing and Healthcare investing. Or check out our 12 investing themes for 2022.


In this article:

Author: Kirsteen Mackay

This article does not provide any financial advice and is not a recommendation to deal in any securities or product. Investments may fall in value and an investor may lose some or all of their investment. Past performance is not an indicator of future performance.

Kirsteen Mackay does not hold any position in the stock(s) and/or financial instrument(s) mentioned in the above article.

Kirsteen Mackay has not been paid to produce this piece by the company or companies mentioned above.

Digitonic Ltd, the owner of ValueTheMarkets.com, does not hold a position or positions in the stock(s) and/or financial instrument(s) mentioned in the above article.

Digitonic Ltd, the owner of ValueTheMarkets.com, has not been paid for the production of this piece by the company or companies mentioned above.

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