Gapping up
In reaction to strong earnings/guidance:
- GES +7.4%, LE +5.3%, M +5.3%, CAL +2.9%, BF.A +2%, CDMO +0.7%
Other news:
- AMC +17.8% (expects to reopen at approx 140 additional theatres this week)
- OSH +12.5% (announces collaboration with WMT to offer clinics at Dallas area locations)
- VHC +7.8% (confirms motion for relief from judgment brought by Apple (AAPL))
- FEAC +6.2% (agree to a business combination that will result in Skillz becoming a publicly-listed company)
- LI +5.1% (reports July and August deliveries)
- CLNE +4% (has been contracted by New York Metropolitan Transportation Authority to provide its Redeem renewable natural gas to power the MTA's 800 natural gas transit buses)
- SERV +3.9% (to sell its ServiceMaster Brands businesses to an affiliate of Roark Capital, for $1.553 billion, affirms Q3 guidance)
- MESO +3.1% (receives ethics approval to include Australian hospitals in the Phase 3 randomized controlled trial of remestemcel-L in ventilator-dependent COVID-19 patients)
- TGI +2.2% (extends partnership with Airbus)
- RPM +1.4% (to acquire abrasives manufacturer Ali Industries)
- RMAX +1.4% (acquires wemlo, a mortgage processing start-up)
- PRIM +1.4% (files mixed securities shelf offering)
- GM +1% (to meet with Ivanka Trump on Wed, according to CNBC)
Analyst comments:
- NVDA +4.7% (target raised to a Street-high $650 from $600 at BofA Securities)
- Z +4.1% (upgraded to Buy from Hold at Deutsche Bank)
- NLS +2.5% (initiated with an Outperform at William Blair)
- LUV +1.8% (upgraded to Buy from Hold at Berenberg)
- EQH +1.4% (upgraded to Outperform from Sector Perform at RBC Capital Mkts)
- TDOC +1% (upgraded to Buy from Hold at Berenberg)