Gapping down
In reaction to earnings/guidance:
- TGT -9.1% (lowers guidance), MOMO -5%, WELL -2.3% (raises its Q2 FFO guidance), REVG -1.8%, SJM -1.6%, TSCO -1.3% (guides Q2 EPS and revs slightly above consensus)
Select TGT peers showing early weakness:
- WMT -3.4%, COST -3.3%, M -3.2%, WSM -3.2%, JWN -2.1%, BBBY -2.1%, TJX -2%
Other news:
- ENOB -9% (provides updates to previously disclosed misrepresentations)
- RVP -8% (announces workforce reduction)
- TWTR -1.7% (Texas AG launches investigation into TWTR over fake bot accounts)
- EBS -1.5% (JNJ plans to terminate Covid-19 vaccine supply deal with EBS, according to WSJ)
- ZM -1.5% (hires Google Cloud exec to oversee go-to-market strategy)
Analyst comments:
- LDOS -1.1% (downgraded to Equal Weight from Overweight at Barclays)
- BAH -1% (downgraded to Equal Weight from Overweight at Barclays)
- OXY -0.8% (downgraded to In-line from Outperform at Evercore ISI)