Gapping up
In reaction to earnings/guidance:
In reaction to earnings/guidance:
- GES +17.7%, SPLK +13.6%, NVDA +8.1% (also approves additional $25 bln for share repurchases), ADSK +6.4%, SN +5.9%, HKD +4.9%, SNOW +4.1%, RY +3.5%, FRO +2.2%, WB +1.5%, TD +0.8%
Select semiconductor stocks trading higher after NVDA earnings:
- SMCI +8.8%, MRVL +4.3%, AVGO +3.5%, TSM +3.2%, MU +2.6%, AMD +2.2%, NXPI +1.4%, FN +0.9%, QCOM +0.6%
Other news:
- EHAB +8% (EHAB satisfies TMA conditions with EHC to initiate strategic review; will consider sale merger)
- IXHL +4.6% (Incannex Healthcare subsidiary Psychennex commenced preparations of an investigational new drug application to FDA for the Company's psilocybin assisted psychotherapy development program)
- AMLI +3.2% (Significantly Extends Falchani Lithium Mineralization with Ongoing Drilling )
- NVTS +2.8% (to reveal new high-performance power platform at SEMICON Taiwan 2023)
- RKLB +2.4% (accelerates next recovery mission)
- PRO +2% (entered into privately-negotiated agreements with holders of its 1.00% Convertible Senior Notes due 2024 to exchange approx. $122 mln of existing 2024 Notes for an amount of the previously-issued 2.250% Convertible Senior Notes due 2027)
- DNA +1.7% (stock offering by selling shareholders)
- TSE +1.5% (approves restructuring plan)
- ALGN +1.5% (Superior Court of California County of Santa Clara confirms $63 million arbitration award in favor of Align Technology and denies SmileDirectClub's motion to vacate)
- RJF +1.3% (reports July operating data)
Analyst comments:
- NPCE +1.5% (upgraded to Equal-Weight from Underweight at Morgan Stanley)
- KVUE +1.4% (upgraded to Buy from Neutral at Goldman)
- PRU +1.3% (upgraded to Strong Buy from Mkt Perform at Raymond James)
- DFS +1.2% (upgraded to Outperform from Peer Perform at Wolfe Research)
- WSM +0.9% (upgraded to Neutral from Underperform at BofA Securities)