Gapping down
In reaction to disappointing earnings/guidance:
- APEI -7.9%, VSLR -4.4%, PDD -4.2%, MCO -3.8%, KFY -2.8%
Select oil/gas related names showing early weakness:
- HAL -7%, BP -5.7%, RDS.A -5.3%, USO -4.1%, XLE -3.5%, PSX -3.5%, SLB -3.4%, XOM -3%, TOT -2.6%
Other news:
- NVTA -4.5% (announced its acquisitions of Diploid, YouScript, and Genelex)
- PEP -1.1% (acquisition of Rockstar Energy Beverages for $3.85 bln)
- HLT -3.7% (withdrew Q1 and FY20 guidance)
- MTDR -3.7% (provides update on 2020 operational plan; to reduce its operated drilling program from six rigs to three rigs before June 30, 2020)
- MGM -3.6% (issued statement regarding COVID-19 case involving Yonkers Raceway)
- JBLU -2.9% (CEO comments in interview that he doesn't think bookings have stabilized yet)
- LPLA -2.1% (reported total brokerage advisory assets for February)
Analyst comments:
- SM -9.6% (downgraded to Market Perform from Outperform at Cowen)
- VVNT -8.4% (downgraded to Underweight from Neutral at JP Morgan)
- AAL -4.5% (downgraded to Underperform from In-line at Evercore ISI)
- PTR -2.6% (downgraded to Sell from Buy at Citigroup)
- MPLX -2.3% (downgraded to Neutral from Buy at BofA/Merrill)
- MGIC -2.3% (downgraded to Neutral at H.C. Wainwright)
- ABG -2.2% (downgraded to Underweight from Neutral at JP Morgan)
- WES -1.6% (downgraded to Underperform from Neutral at BofA/Merrill)