Gapping up
In reaction to strong earnings/guidance:
- GNMK +20%, PINS +13.5% (issues upside revenue guidance for Q1; withdraws FY20 guidance, announces departure of COO), SGH +5.4%, LEVI +3.5%, RPM +2.5%, PRGO +2%, RCII +1.8% (provides update - March revenues were off by about 5% versus last year)
Other news:
- EFC +67.6% (provides business updates due to COVID-19; declares dividend)
- NYMT +37.3% (provides business update - is current with its repurchase agreement payment obligations, including margin requirements)
- APT +22.6% (provides business update in orders resulting from COVID-19 pandemic)
- NLY +22.5% (issues business update in shareholder letter)
- KNOP +16.9% (ticking higher after saying it has not experienced any material changes in its operations since the filing of its annual report on March 19)
- IVR +15.6% (provides financing update)
- NVAX +12.8% (identifies coronavirus vaccine candidate; accelerates initiation of first-in-human trial to mid-May)
- FDX +4.7% (indicated higher with WSJ reporting that Amazon will suspend competing delivery services)
- MRO +4.6% (announces $1.3 bln 2020 capital spending budget and has also provided a hedging update)
- AVID +4.5% (expects to report record growth in new paid subscriptions in Q1; withdraws FY20 guidance)
- UPS +3.5% (indicated higher with WSJ reporting that Amazon will suspend competing delivery services)
- SGMS +3.1% (won the Iowa Lottery's 10-year contract for a new statewide gaming system to serve the lottery and the 2,400 retail locations where Iowa Lottery games are sold)
Analyst comments:
- STC +5.8% (upgraded to Mkt Perform from Underperform at Keefe Bruyette)
- ANGI +4.3% (upgraded to Buy from Neutral at Citigroup)
- DRI +3.6% (upgraded to Outperform from Neutral at Wedbush)
- TWTR +2.9% (upgraded to Mkt Perform from Underperform at Bernstein)