- Plug Power Inc (PLUG) was down 8.06% following 2022 financial guidance
- Ford Motor Company (F) was down 7.92% as 200k cars were recalled for faulty brake lights
- XPeng Inc (XPEV) was down 7.44%
- Moderna Inc (MRNA) was down 6.72% as a South African study shows that the COVID boosters don’t prevent Omicron infections.
|Stock||Symbol||Announcement date||Release Time||EPS Estimate|
|International Business Machines Corporation||IBM||24/1/2022||Estimated||$2.51|
Stocks to watch:
Delta Air Lines Inc (DAL)
Airline stock took a tumble as 5G towers had to be placed on hold following reports that the radio signal is interfering with older aircraft instruments. The negative sentiment forced all airline stocks lower. As negitive sentiment crept into them market as investors try to contemplate the impact that flight cancelations might have on the airline industry.
Technically the chart is lining up well for a longer term short as price broke and closed below the 50 and 20 day moving averages. Given a break of the current support level, there should be more downside to the bottom of the larger daily channel that price is trading in following a rejection of the top of the channel.