Amazon.com (AMZN) – Shares were up 11% following better-than-expected quarterly results issued Thursday evening. Notable sell-side analyst, Laura Martin of Needham, highlighted Amazon’s “hidden value,” the company’s nearly $515 billion in media assets. Adding in the $660 billion in value for Amazon’s Amazon Web Services unit, Martin concluded investors must be valuing the company’s $250 billion in sales to its eCommerce unit at only about $50 billion.
ExxonMobil (XOM) – The stock was up 2% in pre-market action Friday following strong Q2 results.
Roku (ROKU) – A stock being discussed in Benzinga Pro’s #swimmers chat Friday morning. Several traders in the chat liked the penetration of Roku’s software and services albeit noting that the stock is overvalued.
Moderna (MRNA) – Shares were up 3% Friday morning following news of a contract with the US government for Moderna to supply an initial 66 million doses of the company’s bivalent Covid-19 booster vaccine. The contract includes an option for the government to purchase an added 234 million doses. Moderna will report quarterly results next week on Wednesday.
MindMed (MNMD) – The Biden administration on Thursday agreed there is a need for a task force to advance psychedelics research in the US. Shares of MindMed were up about 1% in pre-market action. MindMed has been a long-time favorite of legendary businessman and Benzinga friend, Kevin O’Leary.