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Live Daily Market Updates: HP Downgraded to Neutral at UBS

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Analyst Team
Updated: 8 Apr 2022

Latest 16:42
European Equities Close Friday's Session in the Green

FTSE 100: +1.56%%
DAX: +1.46%
CAC 40: +1.34%
Stoxx 50: +1.48%
IBEX 35: +1.64%

Robinhood Shares Fall

Robinhood stock trades down 5.7% after a downgrade from Goldman Sachs.

The rollout of crypto wallets might have a limited effect on clawing back revenue and user growth.

Goldman Sachs analyst Will Nance cites a “limited path to near term profitability.”

US Open

Dow: +0.09%

S&P 500: -0.25%

Nasdaq: -0.68%


Biofrontera shares rallied 15% on a strong FY21 and equally optimistic guidance. The company hopes to increase Q122 revenue by over 100%.

US Premarket

US index futures are in the green Friday:

Dow: +0.24%

S&P 500: +0.16%

Nasdaq: +0.01%

HP is down 1.77% after being downgraded to Neutral from Buy at UBS.

JetBlue shares are up 1.41% premarket after Spirit Airlines said it would start talks with the company. Spirit said the JetBlue offer could lead to a “superior proposal.”

CrowdStrike received authorization to deploy its Falcon cybersecurity platform to a broad range of Department of Defense and Defense assets.

Robinhood is down after Goldman Sachs downgraded the stock to Sell from Neutral, citing a “limited path to near term profitability.”

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Top Stories

Ferrexpo reported total iron ore pellet production of 2.7 million tonnes in the first quarter of 2022, representing a figure in line with the same period in 2021 and 11% below the previous quarter. The company said this was due to to operational and logistical constraints following Russia’s invasion of Ukraine.

Anglesey Mining’s shares will move from the main market to the AIM has taken place today.

Sensyne Health shares have plunged after the company issued a warning about its future, saying without financing, it is “unlikely to be able to continue to trade beyond this month.” In addition, the company’s chief executive has stepped down.

European Open

US equities closed higher Thursday, with Asian bourses following suit.

This morning, European indices follow their counterparts after Thursday’s close lower.

FTSE 100: +0.80%
DAX: +1.28%
CAC 40: +1.23%
Stoxx 50: +1.34%
IBEX 35: +1.17%

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