Market Highlights: Five equities that saw increased investor activity on Thursday

28 January 2022 By

Tesla is prioritizing deliveries over new cars this year
Robinhood continues to bleed, with shares shedding 15% on Thursday
Deutsch bank grew revenue by 8.3% in Q4, and Xilinx tops estimates in Q3

Tesla to focus on deliveries in 2022

Tesla Inc.'s (NASDAQ: TSLA) shares dropped 11.55% despite the company reporting a record net profit of $.5 billion in fiscal 2021 on revenue of $53.8 billion. In the fourth quarter, the company had a record net income of $2.343 billion, up from $296 million a year ago.

Despite the impressive results, investors chose to be cautious, leading to a dip in stock. CEO Elon Musk said that this year the company’s focus is deliveries instead of new vehicles.

Robinhood continues to bleed, with stock dipping 15%

Robinhood Markets Inc. (NASDAQ: HOOD) dropped another 15% on Thursday after the company reported unimpressive results in fiscal Q4. The stock currently trades below $10, which is a 75% dip from the company's IPO price in July last year.

Mizuho analyst Dan Dolev told CNBC's Closing Bell that things are looking scary on a QoQ basis, but stability signs are beginning to emerge. As a result, the analyst has a Buy rating on the stock with a price target of $20.

Deutsche Bank’s Q4 revenue up 8.3%

Deutsche Bank Aktiengesellschaft stock is trading in the buy zone after the company reported solid Q4 2021 results. The bank reported revenue of €5.9 billion, representing a YoY jump of 8.3% with GAAP earnings of €0.12.

The net interest margin was flat at 1.2%, and the bank created a pretax of €82 million, and on an adjusted basis, it was €527 million. The company transitioned to the post-restructuring phase in the past quarter, with all transformation-connected activities now completed.

Xilinx beat Q3 2021 earnings estimates

Xilinx (NASDAQ: XLNX) shares are up 3% after the company announced that in Q3 2021, it brought in $1.01 billion. During the quarter, the company reported EPS of $1.29, beating analysts’ prediction of $0.95.

Revenue was up 8% sequentially and 26% year over year. The company reported growth despite persistent supply chain constraints. Data Center Growth revenue was up 28% sequentially and 81% up YoY.

BofA analyst expects Apple to report impressive Q1 results

BofA analyst Wamsi Mohan has indicated that Apple Inc. (NASDAQ: AAPL) will continue outperforming owing to its ability to offset headwinds and product pipeline strength. Mohan, who has a Buy rating on the stock with a price target of $210, gave the comments ahead of the iPhone maker’s scheduled Q1 results.