Gapping up
In reaction to strong earnings/guidance:
- PRGS +10.5%, FHN +5%, GPS +4.6% (provides upbeat guidance; also co cancels its previously announced plan to spin-off Old Navy), STT +4.1%, RIO +3.2% (provides production update), SLB +3%, CFG +2.7%, BEDU +1.3%
Select metals/mining stocks trading higher:
- SBGL +3.4%, BBL +2.4%, BHP +2%, GFI +1.2%, FCX +0.9%, MT +0.7%, GDX +0.6%, .
Other news:
- TLRD +12.8% (to sell the Joseph Abboud Trademarks to WHP Global for $115 ml)
- LNDC +2.4% (Legion Partners increases holding and discloses 5.15% active stake)
- LDOS +0.7% (awarded contract by U.S. Army)
- SYY +0.7% (launches Plant-Based Meatless Burger Patty in the US)
- NVO +0.5% (FDA approves additional indication for Ozempic)
Analyst comments:
- PINS +4.6% (upgraded to Overweight from Equal Weight at Wells Fargo)
- GRPN +3.2% (upgraded to Buy from Neutral at UBS)
- ZEN +2.8% (upgraded to Outperform from Perform at Oppenheimer)
- WDC +2.2% (upgraded to Outperform from Neutral at Wedbush)
- YUM +1.8% (upgraded to Overweight from Equal-Weight at Morgan Stanley)
- AA +1.2% (upgraded to Buy from Hold at Deutsche Bank)
- QCOM +1.2% (upgraded to Buy from Neutral at Citigroup)
- ADBE +0.9% (upgraded to Outperform from Perform at Oppenheimer)