FSLY, AMPL, FVRR, DASH, PLTR: Trending Stocks Today 17 Feb

By Kirsteen Mackay

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US equity markets are down in early trading. DoorDash (DASH) and Fiverr (FVRR) are up. Palantir (PLTR) and Amplitude (AMPL) are down.

investing-in-palantir-stock.
Trending stocks today

Russia Ukraine conflict is still on high alert as contradictory reports emerge. The uncertainty continues to weigh on the markets.

S&P futures down 0.7% in Thursday morning trading, near worst levels.

Oil down. Gold up. Bitcoin down.

NASDAQ S&P 500 BITCOIN
14,124.09 (-0.11%) 4,475.01 (+0.09%) 42,315.89 (-3.21%)

Here are some trending stocks today:

  • Fastly (NYSE: FSLY) is down nearly 30% in pre-market trading. Its Q4 earnings beat on revenue and adjusted loss per share but disappointed on future outlook.

  • Despite a positive earnings report, Amplitude (NASDAQ: AMPL) is plummeting over 40% in pre-market trading.

  • Fiverr (NYSE: FVRR) is trending on positive Q4 guidance.

  • DoorDash (NYSE: DASH) beat revenue and gross merchandise value (GMV) guidance but missed adjusted EBITDA. DASH Stock is up 15%

  • Groupon (NASDAQ: GRPN) stock is trending. On 16 Feb '22, Groupon closed at $26.28, -58.2% off its 52 week high vs. the subsector average change of -27.4%. The company is the target of a high-impact activist campaign initiated by Pale Fire Capital SE. The objective of the campaign is: Maximize Shareholder Value.

  • Roblox (NASDAQ: RBLX) stock fell 26.5% yesterday after Q4 earnings. Revenues were ok, but free cash flow missed. Daily active users (DAUs) and hours engaged light; analysts cautious on January bookings deceleration (tough compares, international mix shift) and management commentary that bookings may not improve until the May-June timeframe. RBLX stock is down 1% pre-market.

  • Upstart Holdings (NASDAQ: UPST) soared 35.7% yesterday on a big Q4 earnings and revenue beat. UPST stock is rising 5% in pre-market trading today. The company highlighted strong loan transactions driven by higher applicants and conversions; Q1 and FY guidance well ahead of consensus; announced $400m stock buyback; analysts are positive on auto financing trends, share gains, and new-product momentum.           

  • Palantir (NYSE: PLTR) fell 1.4% yesterday but is already down 8.8% pre-market on weak earnings.

  • Investors are discussing Plug Power Inc (NASDAQ: PLUG) on Thursday after the company’s stock inched up by 0.55% during Wednesday's session. Over the past year, Plug Power Inc (PLUG) has traded between $17.51 and $58.8. Today it trades at $23.90.

  • Generac Holdings (NYSE: GNRC) stock soared 14.4% yesterday on Q4 earnings and revenue beat. The company highlighted ongoing demand and strong growth in residential; noted continued supply chain and inflationary challenges but saw offset from pricing actions; FY22 net sales growth guidance ahead of the Street.

  • Airbnb (NASDAQ: ABNB) stock climbed 3.7% yesterday after an upbeat earnings release. Q4 bookings beat by 2% while EBITDA came in more than 20% above; Q1 guidance also better with nights booked expected to significantly exceed comparable 2019 levels; Street positive on summer bookings (+25% vs. 2019) continued ADR strength, an uptick in new listings, share gains in longer trips, good cost control.

  • Walt Disney Co (NYSE: DIS) to develop residential communities with condominiums and houses. Will this be Stepford Wives meets Airbnb or Disney Parks on a more intimate scale? Called "Storyliving," the first of several neighborhoods are expected to be built in California.

  • Shopify (NYSE: SHOP) stock dropped 16% on Wednesday as Q4 earnings per share and revenues beat but operating income missed and subscription segment missed; gross profit also missed on Merchant downside; GMV ahead but monthly recurring revenue light; analysts cautious on some metrics including MRR, GM, ramp of spend to attract new customers.

  • BioNTech (NASDAQ: BNTX) unveils its mobile COVID-19 vaccine factories for developing countries.

  • Crescent Energy (NYSE: CRGY) is to buy 145k acres of oil and gas-producing assets from Verdun Oil for $815m. 

  • Activist Investor Dan Loeb of Third Point sees around a Trillion dollars worth of untapped value in Amazon (NASDAQ: AMZN).

Some stocks that are down in early market trading are: 

  • Albemarle Corporation           -10.55%

  • LKQ Corporation        -6.08%

  • FLEETCOR Technologies, Inc.         -5.10%

  • Kimco Realty Corporation      -4.33%

  • Sempra Energy           -3.86%

  • PACCAR Inc  -3.56%

  • PACCAR Inc  -3.56%

  • Weyerhaeuser Company         -3.51%

  • Tyler Technologies, Inc.         -3.16%

  • West Pharmaceutical Services, Inc.   -2.46%

  • 3M Company  -2.43%

  • NVIDIA Corporation  -2.40%

  • NVIDIA Corporation  -2.38%

  • Caesars Entertainment Inc      -2.21%

  • Penn National Gaming, Inc.   -1.94%

  • NetApp, Inc.   -1.91%

  • Arista Networks, Inc.  -1.84%

  • Alaska Air Group, Inc.           -1.81%

  • Cigna Corporation      -1.75%

  • Marriott International, Inc. Class A   -1.67%

  • Marriott International, Inc. Class A   -1.67%

  • Paramount Global Class B     -1.66%

  • TJX Companies Inc    -1.64%

  • Advanced Micro Devices, Inc.           -1.59%

  • CF Industries Holdings, Inc.   -1.57%

  • Advanced Micro Devices, Inc.           -1.57%

  • Baxter International Inc.         -1.55%

  • Norwegian Cruise Line Holdings Ltd.           -1.54%

  • Monolithic Power Systems, Inc.         -1.53%

  • Airbnb, Inc. Class A   -1.53%

  • Synopsys, Inc. -1.48%

 

Some stocks that are up in early market trading are: 

  • Hasbro, Inc.    6.14%

  • EPAM Systems, Inc.   5.25%

  • Pool Corporation         5.18%

  • Cisco Systems, Inc.     2.80%

  • Copart, Inc.     2.63%

  • Applied Materials, Inc.           2.18%

  • Under Armour, Inc. Class C   2.05%

  • Walmart Inc.   1.85%

  • Occidental Petroleum Corporation     1.62%

  • Diamondback Energy, Inc.     1.62%

  • DENTSPLY SIRONA, Inc.    1.52%

  • APA Corp.      1.48%

  • Newmont Corporation            1.42%

  • Mosaic Company        1.40%

  • Devon Energy Corporation     1.37%

  • Halliburton Company 1.28%

  • Baker Hughes Company Class A       1.28%

  • Amcor PLC     1.27%

  • Phillips 66       1.25%

  • Schlumberger NV       1.22%

  • ConocoPhillips            1.19%

  • American International Group, Inc.   1.03%

  • Exxon Mobil Corporation       1.02%

  • Best Buy Co., Inc.       1.00%

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.

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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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