With US Futures down 1.5-2% in the pre-market, most stocks are trading lower. The following represents a list of stocks with identified catalystsGapping down
In reaction to disappointing earnings/guidance:
- MOMO -11.1%, THO -9.4%, PLCE -9.1%, OLLI -6.7%, GWRE -6.4% (issued downside guidance for Q2 and mixed guidance for FY19), MEI -2.8%, HPE -2.7%, HQY -1.9%, GIII -1.8%, MDB -1.5% (guided Q4 revs above consensus)
Other news:
- CNAT -54.4% (reports data from from ENCORE-PH Phase 2b; misses primary endpoint)
- SUPN -41.8% (announces positive topline results from each of two pivotal Phase III studies of SPN-812 in children for the treatment of attention deficit hyperactivity disorder
- NPTN -18% (Huawei uncertainty)
- AVA -14.8% (receive regulatory decision from the Washington Utilities and Transportation Commission denying their proposed merger)
- APHA -12.2% (announces special committee to review governance processes related to LATAM acquisition)
- TDOC -4.7% (issues statement refuting SIRF report claims)
- TTD -4.4% (announced departure of COO Rob Perdue)
- ALV -4% (updates on European Commission's investigation of suppliers of occupant safety systems; believes EC will seek to impose fine in connection with remaining portion of investigation)
- LRCX -2.8% (CEO Martin Anstice resigns amid investigation into alleged workplace misconduct; guidance reaffirmed)
- BIDU -2.7% (priced offering of $250 mln aggregate principal amount of notes)
- ABBV -2% (to stop enrollment for the TAHOE trial following recommendation from Independent Data Monitoring Committee) .
Analyst comments:
- BLUE -3.7% (downgraded to Neutral from Overweight at Piper Jaffray)
- FB -2.8% (downgraded to Hold from Buy at Stifel)
- HQY -1.9% (downgraded to Hold from Buy at SunTrust)
