Friday’s Headlines: Why Did Twitter Jump 4%?

Friday’s Headlines: Why Did Twitter Jump 4%?

Here were the biggest movers in the MyWallSt shortlist yesterday:

Moving Up ⬆️

Under Armour (UAA) +4.1%

Twitter (TWTR) +4.1%

Trupanion (TRUP) +4.0%

Markel Corp (MKL) +3.0%

Axos Financial (AX) +2.8%

Moving Down ⬇️

Coupa Software (COUP) -5.4%

Align Technology (ALGN) -6.0%

Baozun (BZUN) -6.1%

iRobot (IRBT) -6.7%

Spotify (SPOT) -7.6%

1. Shares in Twitter (TWTR) soared 4% on Thursday despite Q2 earnings that missed analyst expectations on revenue but beat on active users. The company reported a loss per share of $1.39 on revenue of $683 million, with ad-revenue down 23%, while monetizable daily active users (mDAUs) came in at a whopping 186 million versus the 172.8 million expected. The report comes just one week after the site suffered a serious hack related to a Bitcoin scam, while the company’s stock has soared 19% YTD. Get the official earnings report here.

2.  A lot of people were unhappy with how Disney (DIS) handled its park reopenings last month, and now the company’s blockbuster lineup has been thrown in the air once more. ‘Mulan’ has been delayed indefinitely, while its ‘Star Wars’ and ‘Avatar’ movies have been pushed back another year, proving that the House of Mouse is not yet ready to commit to ‘straight-to-stream’ releases on Disney+. Though some progress has been made since its March lows, Disney stock still remains down more than 20% YTD. Read the full story here.

3. Pandemic or not people still love to drink, as proven by Boston Beer’s (SAM) knockout Q2 earnings report. The company reported second-quarter net income of $60.1 million, or $4.88 a share, compared with $27.9 million, or $2.36 a share, in the year-ago period, thanks to increased popularity among its hard seltzer range. Shares rose more than 5% after-hours, while Boston Beer stock has risen more than 77% YTD. Read the official earnings report here.


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