Moderna, Zillow, Qualcomm, Roku, Qorvo: What to Watch When the Stock Market Opens Today

Roku sank 6.9%. The maker of TV streaming devices reported afor its services in the latest quarter and guided for lower-than-expected revenue for the holiday quarter.

Skillz shares dropped 7.9% premarket. The mobile-games platform reported a 70% increase in revenue during the third quarter over the year-ago period.Qorvo shares sank 9.2%. On Wednesday the chip maker gave a holiday revenue forecast that came in below expectations amid supply constraints in the semiconductor sector, and Wells Fargo cut its share-price target.

Take-Two Interactive added 0.9%. The Grand Theft Auto publisher reported quarterly sales growth despite the easing of social-distancing restrictions that greatly benefited it last year.

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Zillow's exit from the home-buying business earns a wave of downgrades from surprised analystsZillow announced on Tuesday that it was ending its offers program, which buys and sells home and was a key part of Zillow's bull case for many on Wall Street.
Source: CNBC - 🏆 12. / 72 Read more »

Zillow is offloading 7,000 homes — raising 'red flags' about the real-estate marketZillow’s unexpected announcement in October that it was temporarily pausing its home-buying activities raised many analysts’ eyebrows. Now, the company is reportedly offloading thousands of homes at a discount. Zillow is selling homes at a discount to institutional investors so that the homes become rental properties. How awesome would it be if Z were selling homes to first time home buyers currently locked out of the market because companies like Zillow were overpaying for inventory?
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