Roku (ROKU) – Shares were down more than 7% Wednesday morning as investors reacted to earnings out of peer in the streaming space, Netflix (NFLX), Tuesday evening. Netflix posted its first quarter of declining subscribers in about 10 years and gave guidance for next-quarter subs to fall by about 2 million. Netflix shares were down nearly 30% Wednesday morning.
Alibaba (BABA) – Market Rebellion’s Jon Najarian highlighted unusual call activity in Alibaba on Tuesday’s episode of CNBC’s “Fast Money: Halftime Report.”
Roblox (RBLX) – A play on news out of the metaverse this week that land in one of the most popular metaverse platforms, Decentraland, sold for about $70,000. The collection consisted of over 97,000 plots of land –– each plot land parcels were 16 meters by 16 meters, or 52 square feet.
Sundial Growers (SNDL)
Nutrien (NTR) – A play on fertilizer/agriculture prices. The Atlanta region’s Federal Reserve President, Raphael Bostic, on Tuesday commented some signs show inflation have “capped off,” but he noted fertilizer and other input costs may continue to add pressure to prices.