Gapping up
In reaction to strong earnings/guidance:
- APHA +20.9%, HWM +6.1% (reports prelim Q1 results with revs down ~9% yr/yr), TDOC +4.8% (guides Q1 revenue above consensus; has experienced an unprecedented surge in demand), JBHT +3.9% (misses by $0.03, beats on revs), WIT +3.2%, UNH +1.8%
Select airline related names showing strength:
- JBLU +14.4%, AAL +9.8% (states that it will receive $5.8 bln from the Department of the Treasury's Payroll Support Program), UAL +7.7%, LUV +7.3% (expects disbursements totaling more than $3.2 bln), DAL +6.6%, ALK +6.1%, JETS +5.6%, SAVE +5.5%
Other news:
- TSLA +6.9% (positive mention on CNBC's Mad Money with Jim Cramer)
- CRNX +5.6% (prices offering of 7.15 mln shares of its common stock at $14.00 per share)
- CTSO +5.6% (reports new study suggests CytoSorb improves clinical outcomes in pneumonia patients)
- GOL +4.5% (GOL Linhas Aereas Inteligentes S.A. and Boeing reach compensation deal regarding the 737 MAX)
- BTAI +3.9% (provides COVID-19 updaste)
- CSIQ +1.4% (receives approval for build-transfer agreement with Entergy Mississippi, also issues comment regarding Solaria patent complaint)
- PG +1.3% (dividend increase, accelerates third quarter earnings release to April 17)
Analyst comments:
- JD +1.5% (upgraded to Overweight from Equal-Weight at Morgan Stanley)
- APD +0.8% (upgraded to Outperform from Mkt Perform at Bernstein)