Gapping up
In reaction to earnings/guidance:
- TCOM +7%, OXM +6.5% (also increases dividend), FUL +5.1%, TITN +4.8%, SOL +3.5%, AMRC +2.5%
Other news:
- NKLA +18.2% (expects to deliver 300-500 BEV trucks largely in H2 of 2022; commercial truck production begun this week)
- PLTK +5.1% (acquires JustPlay.LOL)
- SPIR +3.9% (announced the expansion of their existing partnership with Slingshot Aerospace)
- JBT +3.2% (provides financial targets at Investor Day)
- STGW +3.1% (authorizes new $125 mln share repurchase program)
- EGY +2.9% (signs contract to support subsea reconfiguration and FSO deployment at Etame Field)
- MOLN +2.7% (Publication of Preclinical Data from CD40 Therapeutic Candidate MP0317 in Cancer Immunology Research)
- WIX +2.6% (authorizes $500 mln securities repurchase program)
- RIOT +2.5% (enters into a separation agreement with COO)
- VNE +2% (reports planned date for closing of merger and future CEO)
- MITK +1.9% (acquires HooYu for £98 mln in cash)
- ALK +1.6% (to update long-term growth strategy at today's Investor Day; company also extends credit card agreement with Bank of America through 2030)
- KBR +1.3% (secured a contract from a leading midstream company for a world-scale olefins production facility to be built on the U.S. Gulf Coast)
- DDD +1.2% (enters partnership with Enhatch for personalized medical devices)
Analyst comments:
- BTI +2.9% (upgraded to Overweight from Neutral at JP Morgan)
- ARCO +2% (upgraded to Buy from Neutral at BofA Securities)
- JCI +1.8% (upgraded to Buy from Hold at Deutsche Bank)
- BVN +0.9% (upgraded to Equal-Weight from Underweight at Morgan Stanley)