Reply To: Traders Market Weekly: Stock and Bond Bear Markets Hover

#36219
Truman
Participant

Apple (AAPL 157.07, -0.58): -0.4% after the European Commission informed Apple of its preliminary view that it abused its dominant position in markets for mobile wallets on iOS devices.
Spirit Airlines (SAVE 23.01, -0.60): -2.5% after reiterating support for its merger with Frontier Airlines (ULCC 10.75, +0.14, +1.3%). JetBlue (JBLU 10.99, -0.02, -0.2%) submitted an “enhanced superior proposal” to acquire Spirit for $33 cash per share, but Spirit did not agree it was a superior offer.
Enterprise Products (EPD 26.12, +0.21): +0.8% after beating top and bottom-line estimates.
Global Payments (GPN 138.00, +1.02): +0.7% after beating top and bottom-line estimates.
Timken (TKR 57.64, -0.03): -0.1% after lowering its FY22 revenue guidance below consensus, mitigating the positive effect from its EPS beat.