Check out the companies making headlines before the bell: MicroStrategy — Shares of the Bitcoin developer rose more than 5% in the last session as the cryptocurrency’s price continued to rise. This further extended the approximately 10% increase that was previously reported. The stock has seen significant gains this year, soaring more than 515%. Chip Equipment Stocks — Chip equipment stocks rose on reports that the Biden administration is considering tightening restrictions on sales of semiconductor equipment and artificial intelligence memory chips to China. This may be less severe than expected. Shares of U.S.-based companies Applied Materials, Lam Research and KLA Corporation rose 1.3% to 2.2%, while Dutch equipment maker ASML rose 1.3% to 2.2% following a Bloomberg report citing anonymous people familiar with the matter. rose 1.5%. Retail Stocks — Major retailers edged higher as Black Friday shopping begins. Walmart, the nation’s largest retailer, rose more than 0.2%, while Target and Costco shares rose 0.6% and 0.3%, respectively. Robinhood — Brokerage gains 3% pre-market, post-election rally after U.S. Securities and Exchange Commission approves creation of 24-hour stock exchange by startup 24 Exchange, paving the way for 24-hour trading continued. Shares in cryptocurrency trading provider Robinhood, seen as a big beneficiary of the incoming Trump administration’s deregulation plans, soared 58% in November to an all-time high. Zeta Global Holdings — The marketing software company rose 5% after the company’s CEO said Wednesday on CNBC’s “Closing Bell” that recent short seller reports were “false.” As of Wednesday’s close, the company’s stock price was down 27% in November. —CNBC’s Jesse Pound and Yun Li contributed reporting.
MSTR, AMAT, HOOD etc.
