Gapping down
( With S&P Futures down 2.5%, most stocks are trading lower. The following represents those with specific catalysts)In reaction to earnings/guidance:
- SKLZ -38.2%, RCII -33.4%, PZZA -23.9%, LUNG -21.9%, LMND -20.5%, FIVN -15.4%, FUBO -14.7%, SNBR -13.9%, GCI -13.4%, W -13.4%, BAND -12.7%, RVLV -12.3%, HLF -12.2%, SUM -12%, NCLH -11.5%, FLGT -11.2% (also announces investment in Spatial Genomics), TFX -11.1%, NVCR -10.9%, NDLS -10.8%, BIRD -10.5%, DOCN -10%, GBT -9.7%, WPP -9.5%, EBAY -9.1% (also increases dividend by 22%, expands share repurchase authorization by $4 bln), BBWI -8.6% (also CEO to step down for health reasons), NTAP -8.4% (also acquires Fylamynt), BMRN -8.4%, MGNI -7.8%, BKNG -7.6%, BCS -7.5%, ONEM -7.3%, CGEN -7.2%, OLO -6.8% (also announces launch of payment platform Olo Pay), DISCA -6.6%, HTZ -6.4%, VAC -6.1%, SATS -5.9%, IR -5.8%, WES -5.8%, GH -5.7%, FTI -5.7%, SIX -5.4%, NOVA -5.2%, PLNT -5.2%, AAN -5.1%, BUD -5.1%, EXPI -5.1%, ECPG -5%, NOMD -5%, NTLA -5%, FLS -4.9%, NVMI -4.8%, MED -4.6%, BALY -4.5%, BABA -4.5%, BBIO -4.5%, TECK -4.1%, UTHR -4.1%, REAL -3.9%, NARI -3.9%, ATHM -3.8%, AHCO -3.6%, ORA -3.5%, VRE -3.5%, EDIT -3.5%, Y -3.4%, ACRS -3.4%, NTES -3.3%, AMT -3.3%, AGIO -3.3%, DISH -3.2%, AMWD -3.2%, FOLD -3%, IIPR -2.9%, IRM -2.9%, KYMR -2.7%, MRNA -2.7%, ANSS -2.6%, OLED -2.6% (also increases dividend), IONS -2.4%, IBP -2.4%, OGE -2.3%, ALKT -2.2%, EXR -2.2%, MSP -2.2%, AMED -2.2%, PODD -2.1%, SAGE -1.9%
Select ETFs showing early weakness:
- RSX -25.9%, QQQ -3.3%, SPY -2.6%, IWM -2.6%, DIA -2.6%
Other news:
- MNKD -12.3% (was informed that the U.S. Food and Drug Administration issued an information request to United Therapeutics Corporation (UTHR) earlier this month regarding the New Drug Application for Tyvaso DPI, requesting additional information regarding the pulmonary safety of Tyvaso DPI related to a pending Citizen Petition)
- ADGI -9.2% (CEO resigns)
- TRHC -8.1% (to be removed from S&P SmallCap 600)
- BTU -6.6% (private offering of $250 mln convertible notes)
- NET -6.6% (to acquire Area 1 Security for $162 mln)
- DDD -6.1% (acquires Kumovis; also to acquire Titan Additive LLC)
- RJF -4.1% (reports January operating data)
- VOYA -2.4% (files for $2 bln mixed securities shelf offering)
- INTC -2.1% (acquires Linux consulting firm Linutronix)
- EL -2% (exec suspended for Instagram post, according to WSJ)
Analyst comments:
- GRAB -9.1% (downgraded to Neutral from Overweight at JP Morgan)
- VIPS -7.4% (downgraded to Equal-Weight from Overweight at Morgan Stanley)
- WEBR -6.7% (downgraded to Neutral from Buy at Goldman)
- LEV -6.5% (downgraded to Market Perform from Outperform at BMO Capital Markets)
- ETRN -6.2% (downgraded to Equal Weight from Overweight at Wells Fargo)
- INFY -3.6% (downgraded to Neutral from Buy at BofA Securities)
- AGR -1.1% (downgraded to Equal Weight from Overweight at Wells Fargo)