MSFT, TXN, CNI, COF, FFIV, MAT, HAS, KMB: Trending Stocks Today 26 Jan

US stock markets endured a second volatile session yesterday, with the S&P falling into correction territory two days running. Both the S&P 500 and NASDAQ ended down.

Wednesday is opening with a spectacular bounce, can it hold?

Oil up. Gold flat. Bitcoin up.

Here are some trending stocks: 

• Microsoft Corporation (NASDAQ: MSFT) issued an upbeat Q2 earnings report and strong forecast. MSFT stock is up pre-market. 

• Corning Inc (NYSE: GLW) is up 11% in pre-market trading as it releases Q4 earnings.

• Semiconductor manufacturing company KLA Corp (NASDAQ: KLAC) is up 3% pre-market.

• Ford (NYSE: F), Teradyne (NASDAQ: TER), Hess (NYSE: HES) and Penn National Gaming (NASDAQ: PENN), Datadog (NASDAQ: DDOG), Marvell Tech (NASDAQ: MRVL) are up pre-market.

• SmileDirectClub (NASDAQ: SDC) soared 24% in yesterday’s session. Boosted by strategic plan for future growth.

• Social Capital Suvretta Holdings Corp. I (NASDAQ: DNAA) to merge with Akili Interactive, a Leader in Digital Medicine, in deal valuing combined company at around $1bn. The deal will include a $162m PIPE and bring up to $412m in gross proceeds to the company.

• Texas Instruments (NASDAQ: TXN) produced positive earnings with enhanced guidance.

• Canadian National Railway (NYSE: CNI) earnings beat on revenue.

• Capital One Financial Corp. (NYSE: COF) reported a beat on earnings and revenues.

• F5 Inc (NASDAQ: FFIV) down 13% after issuing disappointing Q1 earnings and subdued outlook on 2022 guidance due to renewed supply chain challenges.

• Sierra Oncology Inc (NASDAQ: SRRA) soared 46% yesterday on Phase 3 Momelotinib Study but is down pre-market.

• Mattel (NASDAQ: MAT) stock soars as it wins bid to make Disney (NYSE: DIS) Princess toys as Hasbro (NASDAQ: HAS) loses license.

• Bank of America (NYSE: BAC) awards $1bn in stock compensation to employees for 2021.

• Kimberly-Clark Corp. (NYSE: KMB) stock continues decline after issuing 2022 guidance below Street expectations.

• NVIDIA (NASDAQ: NVDA) appears to be recovering yesterday’s losses.

• Tesla (NASDAQ: TSLA) is also up over 4% in pre-market trading.

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