Gapping up
In reaction to strong earnings/guidance:
- RAD +9.2%, CAG +4.5%, AIR +3.4%
Select Marijuana names indicated higher this morning after U.S. House of Representatives passes SAFE Banking Act:
- CTST +11.5%, OGI +5%, CRON +4.4%, APHA +4.2%, CGC +3.7%, ACB +3.4%, HEXO +3.1%, TLRY +2.6%
Other news:
- BYND +19.2% (McDonald's (MCD) says it will be conducting a 12-week test in Canada of a new plant-based burger made with a Beyond Meat plant-based patty)
- WSC +5.6% (Reuters report suggests potential WillScot [WSC] bid for Mobile Mini [MINI])
- VNRX +3.1% (continued strength)
- MINI +1.4% (Reuters report suggests potential WillScot [WSC] bid for Mobile Mini [MINI])
- BIP +1.1% (Brookfield Infrastructure Partners announces unit split and creation of an exchange corporation-Brookfield Infrastructure Corporation)
- OPTN +1% (signs agreement between its Norway-based subsidiary OptiNose AS and Currax Pharma)
Analyst comments:
- PSNL +4.5% (upgraded to Buy from Neutral at BofA/Merrill)
- AEIS +2.8% (upgraded to Buy from Neutral at DA Davidson)
- EXAS +2.6% (initiated with Outperform at Oppenheimer; tgt $130)
- SQ +2.6% (upgraded to Outperform from Market Perform at Wells Fargo)
- VEEV +2.4% (upgraded to Outperform from Mkt Perform at Raymond James)
- WHR +2.4% (upgraded to Overweight from Neutral at JP Morgan)
- BRKR +2.3% (upgraded to Buy from Neutral at BofA/Merrill)
- HOLX +2.1% (upgraded to Buy from Neutral at BofA/Merrill)
- ABBV +1.6% (upgraded to Buy from Neutral at Citigroup)
- TTD +1.3% (upgraded to Neutral from Reduce at Nomura)