HomeNewsMonday Market Highlights: Why these four stocks made moves on Monday

Monday Market Highlights: Why these four stocks made moves on Monday

  • Carnival missed Q4 2021 earnings and revenue estimates as Nike tops Walls Street estimates
  • AMC jumps following reception of “Spider-Man: No Way Home” movie
  • Rocket Companies to acquire Truebill for $1.25 billion

Carnival reports a Q4 2021 loss of $2.31 per share

Carnival Corp (NYSE: CCL) shares jumped 2% after the company reported its Q4 2021 financial results. Surprisingly the company missed consensus revenue and earnings estimates. GAAP earnings in Q4 were a loss of $2.31 per share, missing analysts' forecast of a loss of $1.27 per share. On the other hand, revenue was $r1.29 billion, missing estimates by $250 million. Carnival shares soared over 53% since the start of the year through June, but they have since dipped almost 40%, swinging to a net YTD drop of 8.4%.

Nike tops Wall Street earnings estimates

Nike Inc. (NYSE: NKE) shares were up 5% after hours after reporting fiscal Q2 2022 earnings that topped estimates. The company had a net income of $1.3 billion or $0.83 per share compared to a net income of $1.21 billion or $0,78 a year ago. Sales were $11.4 billion representing an annualized growth of 1%. Wall Street analysts had forecast revenue of $11.25 billion and income of $0.63 per share

AMC shares jump following eventful weekend

AMC Entertainment Holdings Inc. (NYSE: AMC) was up around 20% from the Thursday intraday low on the "Spider-Man: No Way Home" movie, which sent millions to theatres and cinemas over the weekend.  Although the COVID-19 pandemic has been gruesome for cinemas and movie theatres, the new movie showed the pre-pandemic period. Marvel's latest superhero action movie opened on Thursday and did $50 million. However, the movie gave the domestic box office hope over the weekend with $253 million.

Rocket companies to make $1.25 billion acquisition

After announcing its largest acquisition to date, the shares of mortgage lender Rocket Companies Inc. (NYSE: RKT) dropped 8% on Monday. The mortgage lender will acquire the personal finance app Truebill for cash consideration of $1.25 billion. Rocket Companies expected the acquisition to be accretive to its yearly recurring revenue by $100 million. CEO Jay Farner told CNBC's "Squawk on the stree,t" that Truebill is a perfect fit for the company because of its data transfer ease, connectivity, and enabling smart financial decisions.