Gapping up
In reaction to earnings/guidance:
- CLAR +11.1%, OLPX +10.2%, WOOF +7.3%, MASS +6.8%, HPK +6%, DKS +4.9%, AVDX +4%
Select airline stocks trading higher:
- ALK +4.1%, UAL +3.6%, JETS +3.4%, DAL +3.4%, SAVE +3.4%, AAL +3.3%, LUV +2.1%
Select oil/gas related names showing strength:
- BP +1.8%, SHEL +1.5%, USO +1.3%, OIH +1.2%, PSX +1.1%, SLB +1%, XLE +0.8%, XOM +0.6%
Other news:
- CNSL +14.6% (Searchlight affirms 34.6% active holding; to evaluate the possibility of a further investment in or full acquisition)
- VYGR +12.2% (agrees to licensing option with Novartis (NVS); Voyager receives $54 million upfront)
- AEG +6% (provides update on Russian and Belarusian investments following invasion of Ukraine)
- AZZ +5% (to acquire Sequa's Precoat Metals business for $1.28 bln; raises FY22 (Feb) revenue and earnings guidance)
- ORAN +2.5% (Orange and MASMOVIL enter into exclusive discussions to combine their operations in Spain)
- DLTR +1.9% (reconstitutes Board; names new Executive Board Chair)
- AXNX +1.6% (recharge-free sacral neuromodulation implantable neurostimulator receives FDA approval)
- MMX +1.4% (acquired a package of three royalties on gold projects located in Nevada from an indirect, wholly-owned subsidiary of Waterton Precious Metals Fund II Cayman, for a $5 mln cash payment)
Analyst comments:
- TIGO +5.5% (upgraded to Sector Outperform from Sector Perform at Scotiabank)
- CARA +3.6% (upgraded to Overweight from Neutral at JP Morgan)
- HEES +2.9% (upgraded to Buy from Neutral at UBS)
- DISH +2.6% (upgraded to Buy from Neutral at UBS)
- DELL +1.7% (upgraded to Outperform from In-line at Evercore ISI)
- OKTA +1.7% (upgraded to Buy from Neutral at Mizuho)
- CPE +1.4% (upgraded to Buy from Hold at Truist)
- EQNR +1.2% (upgraded to Buy from Neutral at BofA Securities)
- BAC +0.9% (upgraded to Neutral from Underperform at Robert Baird)