In this article, we take a look at five stocks that are moving on Monday. If you want to read our detailed analysis of these stocks, go directly to Why These 10 Stocks Are Moving on Monday.
5. United Airlines Holdings, Inc. (NASDAQ:UAL) is down 4% today following Russia’s ban on airlines from 36 countries from using its airspace. Cruise and airline operators can be seen retreating in the market amidst the political turmoil. Accompanied by rising oil prices, the company is likely to see a considerable hike in its fuel costs that normally account for 20-30% of the airline’s total costs. United Airlines Holdings, Inc. (NASDAQ:UAL) reported a loss per share of $1.60 for the fourth quarter. PAR Capital Management owned over 3 million shares of United Airlines Holdings, Inc. (NASDAQ:UAL) at the end of Q4 2021.
4. Lockheed Martin Corporation (NYSE:LMT) has risen 4.84% following the planning approval of Shetland Spaceport. The UK government has funded Lockheed Martin Corporation (NYSE:LMT) to organize launches in Britain. The company is building a ‘shepherding vehicle’ to transport satellites to various locations in orbit. The rise in stock price is also driven by Ukraine’s invasion. Analysts at Jefferies stated that defense stocks are on “top of mind for all European investors.” Out of the 924 hedge funds in Insider Monkey’s database, 42 reported owning shares in Lockheed Martin Corporation (NYSE:LMT) at the end of Q4 2021.
3. Western Digital Corporation (NASDAQ:WDC) is down 3.6% today. The stock is in a downtrend after the company shared that certain materials at its manufacturing facility in Japan have been contaminated. According to Western Digital Corporation’s (NASDAQ:WDC) assessment, the contamination would result in a shortage of 5 exabytes in flash storage availability. The company is working with Kioxia to restore its operations on an urgent basis.
2. Philip Morris International Inc. (NYSE:PM) is down 3.5% today despite its fourth-quarter EPS of $1.35, beating the analysts’ estimate by 2 cents. The stock is possibly down following the suspension of operations in Ukraine. Philip Morris International Inc. (NYSE:PM) employs 1300 people in Ukraine, representing 1.9% of the company’s overall workforce as of December 31. Approximately 2% of the company’s total revenue is generated from Ukraine. Terry Smith’s Fundsmith LLP was long over 20 million shares of Philip Morris International Inc. (NYSE:PM) as of Q4 2021.
1. Etsy Inc (NASDAQ:ETSY) has surged 4.9% following the company’s strong Q4 results. The company posted an EPS of $1.11, beating the analysts’ estimate by 34 cents. Etsy Inc (NASDAQ:ETSY) reported a growth of 17.6% in its active buyer base from the prior-year quarter. As of Q4, the company’s active seller base was recorded at 7.5 million, an increase of 72.3% YOY. Moreover, Ygal Arounian of Wedbush reiterated an Outperform rating on the stock with a price target of $185. Of the 924 hedge funds tracked by Insider Monkey at the end of Q4, 47 elite funds reported owning a stake in Etsy Inc (NASDAQ:ETSY).
You can also take a peek at the 10 EV Charging Stocks to Buy Now and 10 Smart Home Technology Stocks To Buy Today.
