Investing
Tuesday's 10 Premarket Winners and Losers Include Cheniere Energy, CF Industries and Stryker
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The three major U.S. equities indexes closed lower on Friday. Russian President Vladimir Putin’s order for Russian troops to cross the border into two Ukrainian provinces has chilled markets, except for energy. The Dow Jones industrial average closed down 0.68% on Friday, the S&P 500 down 0.72% and the Nasdaq down 1.23%. Among S&P 500 stocks, losers outnumbered winners by about two to one in Friday trading. Ten of 11 sectors closed lower, with the biggest declines coming in technology (1.0%) and industrials and communications services (both 0.8%). Consumer staples (up 0.2%) was the day’s only winner.
At around 7:00 a.m. ET Tuesday morning, S&P 500 futures traded down by about 0.16%, the Nasdaq was down about 0.55%, and the Dow traded 0.25% lower.
Crude oil settled at $91.07 a barrel on Friday and traded up by about 3.8% in early trading Tuesday at $94.50. The 10-year Treasury note settled at 1.93% and the two-year at 1.47% on Friday. The yield curve narrowed to 0.45 by the end of the day, down by about three basis points. The spread had narrowed further to around 9.40 in early trading Tuesday.
Here are the five S&P 500 stocks that closed with the largest gains on Friday: Dollar Tree (up 5.22%), Consolidated Edison (3.88%), LKQ (3.21%), Clorox (3.11%) and Sealed Air (2.91%).
Friday’s biggest losers among S&P 500 stocks were PPL (down 7.25%), GE (5.86%), Enphase Energy (5.41%), Intel (5.32%) and Celanese (5.25%).
Here are Tuesday’s premarket leaders and laggards. Not all are S&P 500 stocks, but all the day’s winners were energy stocks.
Cheniere Energy Inc. (NYSEAMERICAN: LNG) traded up about 7.3% to $124.50, above its 52-week range of $65.23 to $121.31. If Russia cuts off natural gas supplies to Europe, the continent will need to increase its imports from other sources and Cheniere’s LNG is front and center for that.
Marathon Oil Corp. (NYSE: MRO) traded up by about 4.6% to $22.88, also above its 52-week range of $9.65 to$22.56. Other oil producers trading higher Tuesday morning include Devon (up about 4.0%), Pioneer (4.0%) and Diamondback Energy (4.2%). All were trading above the top of their 52-week range.
APA Corp. (NYSE: APA) traded up about 2.6%, at $33.00 in a 52-week range of $15.55 to $36.46. The independent oil and gas producer reported results Monday morning that missed estimates, but investors were more interested in the company’s plans for returning capital. APA doubled its dividend to $0.125 per quarter and committed to a 60% capital return plan for investors.
#APACorp announces fourth-quarter and full-year 2021 results. https://t.co/7jmD5Kuzv3 Listen to webcast Feb. 22 at 10 a.m. CT. $APA
— APA Corporation (@APA_Corp) February 21, 2022
Sarepta Therapeutics Inc. (NASDAQ: SRPT) traded down more than 6%, at $70.02 in a 52-week range of $61.31 to $101.04. The company had no specific news.
Expeditors International of Washington Inc. (NASDAQ: EXPD) traded down about 6%, at $99.85 in a 52-week range of $91.10 to $137.80. The logistics company announced Friday that it had been the target of a cyberattack and had closed down its systems to limit the damage. Operations have slowed to a crawl.
Global logistics provider Expeditors International shut down most of its operations systems after a cyberattack, limiting the ability to book shipments.https://t.co/TcfFLAsqxN
— American Shipper (@AmericanShipper) February 21, 2022
Teledyne Technologies Inc. (NYSE: TDY) traded down about 4.7%, at $400.00 in a 52-week range of $354.17 to $465.40. The electronics and instrumentation company had no specific news.
SolarEdge Technologies Inc. (NASDAQ: SEDG) traded down about 3.5%, at $249.02 in a 52-week range of $199.03 to $389.71. The solar energy component maker had no specific news.
Linde PLC (NYSE: LIN) traded down about 3.3%, at $292.99 in a 52-week range of $241.88 to $352.18. Shares of the industrial gas company jumped two weeks after the company beat earnings estimates. Since then, the shares have given back about half their 3.4% gain.
Stryker Corp. (NYSE: SYK) traded down about 2.7%, at $241.50 in a 52-week range of $227.84 to $281.16. The medical equipment and device maker filed for a mixed shelf offering two weeks ago and shares have traded essentially flat for the month so far.
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