Zillow, Activision Blizzard Fall Premarket; Lyft, T-Mobile US Rise

Investing.com

November 3, 2021 at 4:06 a.m.·2 min read

By Peter Nurse

Investing.com -- Stocks in focus in premarket trade on Wednesday, November 3rd. Please refresh for updates.

Zillow Group (NASDAQ:ZG) stock slumped 16% after the real estate company said it was closing its struggling house-flipping business, facing writedowns of over $560 million on houses it bought for that purpose.

Activision Blizzard (NASDAQ:ATVI) stock fell over 13% after the video game company announced it was putting off the release of two of its most awaited video games, ‘Overwatch 2’ and ‘Diablo IV’.

Lyft (NASDAQ:LYFT) stock rose 14% after the ride-hailing company reported an adjusted third-quarter profit, as well as outlining a recovery plan on the back of drastic cost cuts and a return of riders and drivers. Rival Uber's (NYSE:UBER) stock rose 6.7% in sympathy.

T-Mobile US (NASDAQ:TMUS) stock rose 3.2% after the wireless carrier attracted more 5G service customers, boosting its third-quarter earnings. It also raised its estimate for synergies that it can squeeze out the merger with Sprint by another $300 million.

Mondelez (NASDAQ:MDLZ) stock rose 1.9% after the snack maker raised its annual sales forecast, helped by strong demand from emerging markets.

Bed Bath&Beyond (NASDAQ:BBBY) stock soared over 50%, helped by a likely short squeeze, after the troubled chain of domestic merchandise retail stores, and former meme favorite, announced several moves to redefine its business model.

Caesars (NASDAQ:CZR) stock fell 3.4% after the casino giant reported disappointing quarterly earnings, hurt by a loss in its digital business.

Norwegian Cruise Line (NYSE:NCLH) stock fell 2.8% after the cruise operator reported a wider-than-expected loss in the quarter. Still, it expects positive cash flow in the first quarter of 2022 and expects to be profitable in the second half of next year.

Camping World (NYSE:CWH) stock rose 7.4% after the recreational vehicle retailer reported strong quarterly earnings, boosted by the reluctance/inability of holidaymakers to fly away for vacation.

Humana (NYSE:HUM) stock fell 7% after the health insurer cut its 2021 outlook, citing higher than expected Covid-19 costs, even after posting strong profit gains in the third quarter. Match Group (NASDAQ:MTCH) fell 3.7% after the online dating group offered up disappointing full-year guidance, citing the lingering effects of the pandemic, particularly in Asia.

Zillow, Activision Blizzard Fall Premarket; Lyft, T-Mobile US Rise

Profit jumps at Finland's Sampo, Nordea exit looms

Marriott rides leisure travel demand to offset Delta drag

Business Insider
China's stock market has staged a big rebound that's poised to push on, strategist says
The stock market and the economy in China have staged a rebound recently after being branded "uninvestable" amid real estate and consumer woes.
Associated Press
Arizona is boosting efforts to protect people from the extreme heat after hundreds died last summer
Arizona's new heat officer said Friday that he is working with local governments and nonprofit groups to open more cooling centers and ensure homes have working air conditioners this summer in a more unified effort to prevent another ghastly toll of heat-related deaths, which topped 900 statewide last year. Livar, a physician with the Arizona State Department of Health Services, was named to his post by Gov. Katie Hobbs earlier this year, making him the first heat officer of a U.S. state in the nation. The new position recognizes the serious public health risks posed by climate-fueled extreme heat, which has increased in recent years.
Associated Press
Mets moving struggling starter Houser to bullpen
The New York Mets have moved struggling starter Adrian Houser to the bullpen for at least one turn through the rotation. Manager Carlos Mendoza announced the decision before Friday night’s game at Tampa Bay. Houser, who allowed four runs over five innings in Thursday’s 7-6, 11-inning win over the Chicago Cubs, is 0-3 with an 8.16 ERA in six starts this season.
The Guardian
Disappointed Rob Edwards not giving up on Luton’s survival bid
Rob Edwards said he still believed Luton could stay up after they were held to a 1-1 draw by Everton
HuffPost
New Lawsuit Alleges 'Goon Squad' Officer Tortured Black Man With Police Dog
Bobbie Adams claims in the lawsuit that a K-9 named VooDoo was ordered to attack and bite him.
The Canadian Press
TransAlta cancels wind power project over new government rules on development
CALGARY — A major Alberta utility has cancelled a large wind power project in response to new government rules on where such developments can be built. TransAlta CEO John Kousinioris said Friday the 300-megawatt Riplinger project near Cardston in southern Alberta will no longer proceed. "We've reassessed our growth plans in the province," he said in a conference call to analysts. "(The project) has been impacted by the new restrictions on development near protected areas and pristine viewscapes
CBC
N.W.T. man handed a life sentence with no parole for 13 years for killing Meg Kruger
A man from Hay River, N.W.T., has been handed a life sentence for killing an 18-year-old woman four years ago.James Colosimo won't be eligible for parole for 13 years.During a sentencing hearing Thursday and Friday, the court heard how Colosimo stabbed Meg Kruger after she tried to end their relationship.It's the first time details of what happened the night of Sept. 8, 2020, have been made public.Facts read out in court stated that Colosimo met Kruger through work and they briefly dated. Kruger
Associated Press
South Carolina court orders ACC to provide Clemson with ESPN agreements
A South Carolina court has ordered the Atlantic Coast Conference to turn over documents about its agreements with ESPN that Clemson has requested in its lawsuit against the conference. It said the ACC has seven days to produce unredacted documents about its TV deal with ESPN to Clemson. The order also provides safeguards to keep the requested documents from being released publicly.
WMAR- Baltimore Scripps
A look at the historic Merriweather Post Pavilion
It's where Led Zepplin and The Who shared a stage for the first and only time. President Jimmy Carter sang a duet with Willie Nelson there too....and its got a best-selling album named after it. If you don't know what's being described, we're talking about the Merriweather Post Pavillion.
Reuters
TD Bank says comprehensive overhaul of anti-money laundering program underway
(Reuters) -Canada's second-largest lender TD Bank said on Friday a comprehensive overhaul of its U.S. and global anti-money laundering (AML) program was well underway. The bank has been subject to regulatory probes over its AML compliance program both in Canada and the United States. The bank has hired AML professionals and made significant investments in technology to improve its AML compliance.
KJRH-Tulsa Videos
City of Tulsa searching for developers to revitalize Cry Baby Hill, Route 66
City of Tulsa searching for developers to revitalize Cry Baby Hill, Route 66
Kansas City Star
Sporting Kansas City’s Jake Davis earns a contract extension. Here are the details
Sporting KC right back Jake Davis spoke about signing a contract extension: “I feel like I’ve worked for it.”
USA TODAY
Hawaii is the first state to pass a Gaza ceasefire resolution. Here's what happens next.
The Aloha State's groundbreaking ceasefire resolution amid the Israel-Hamas war sparks debate and activism within local communities.
Deadline
2024-25 Awards Season Calendar – Dates For Oscars, Tonys, Guilds, BAFTAs, Spirits & More
UPDATED with latest: The Oscars, strike-delayed Writers Guild Awards and the 2023-24 awards season are history, and it’s time to look at what’s ahead trophy show-wise. Here is a list of awards shows, events and the like ahead as we cruise into Emmy season and look ahead to Cannes, the fall film festivals and the …
PA Media: UK News
Sunak suffers ballot box drubbing as first day of election results ends
Ben Houchen’s reprieve win in the Tees Valley mayoral election may yet be enough for Rishi Sunak to stave off a Tory rebellion.
WKBW - Buffalo Scripps
From tacos to ramen: D.A. Taste expanding into new territory with new ramen location
With the model for tacos clearly figured out, D.A. Taste is evolving once again with a new restaurant focused on ramen.
Reuters
UPDATE 1-TD Bank says comprehensive overhaul of anti-money laundering program underway
Canada's second-largest lender TD Bank said on Friday a comprehensive overhaul of its U.S. and global anti-money laundering (AML) program was well underway. The bank has been subject to regulatory probes over its AML compliance program both at in Canada and the United States. The bank has hired AML professionals and made significant investments in technology to improve its AML compliance.
WFTS-Tampa
Protesters gather at USF for seminar, prayer ahead of big graduation weekend
On Friday at the University of South Florida, people gathered on campus for a seminar on knowing your rights as a protester followed by a prayer.
Storyful
George Washington Statue Defaced by Pro-Palestine Protesters
Pro-Palestinian protesters defaced a statue of the first US president at George Washington University in Washington, DC, video from Friday, May 3, shows.Robert Lyman said he filmed this video of the encampment on Friday.The George Washington statue is covered with “Free Palestine” stickers, a Palestinian flag has been draped over one shoulder, and a keffiyeh has been wrapped around his head. Credit: Robert Lyman via Storyful
The Independent
Trump trial live: Hope Hicks gets emotional as she ends week’s testimony detailing Access Hollywood tape fallout
Former aide to Donald Trump answers questions concerning times as press secretary for 2016 campaign

Latest Stories