- Siemens (SIE TH) +2.9%
- Siemens Sees Data Center Boom Offsetting Automation Slump
- ASML (ASME TH) +2.2%
- ASML Upholds 2030 Sales Forecast in Bet on AI-Driven Demand
- OMV (OMV TH) +1.3%
- European Gas Jumps as OMV Warns of Risk of Russian Supply Cut
- Talanx (TLX TH) +1%
- Talanx Boosts FY Net Income Forecast
- ASM Intl (AVS TH) +0.9%
- ArcelorMittal (ARRD TH) +0.8%
- ArcelorMittal Raised to Buy at BofA
- Knorr-Bremse (KBX TH) -1%
- Merck KGaA (MRK TH) -1.1%
- Merck KGaA Beats Estimates on Boost From Life Science Unit
- Schneider Electric (SND TH) -1.1%
- Sartorius (SRT3 TH) -1.1%
- Vestas (VWSB TH) -1.2%
- Bankinter (BAKA TH) -1.3%
- Ericsson (ERCB TH) -1.5%
- ABN Amro (AB2 TH) -1.5%
- K+S (SDF TH) -2.9%
- K+S FY Ebitda Forecast Misses Estimates
- Aixtron (AIXA TH) -3.6%
Asian equities declined Thursday as the dollar’s sustained strength and weakness in China weighed on the region’s risk appetite. Japanese stocks climbed as the yen fell. The MSCI Asia Pacific Index slid as much as 0.5%, with shares in China and Taiwan trading lower while those in Australia edged up. Hong Kong shares dropped amid thin volumes as the market stayed open despite signs of severe weather. An index of dollar rose nearly 0.2% to its two-year high, while the 10-year US Treasury yield gained for a third day in Asian trading. US stocks futures fell.
Assets in the region have slumped since the US election as investors assess the impact of President-elect Donald Trump’s proposed tariff policies on the region’s growth, while the surging dollar pressures the region’s currencies. The MSCI’s Asia stock benchmark is on pace for its worst week since April, while a Bloomberg gauge of Asian currencies has dropped over 1% so far this week. Shares of the region’s chipmakers declined as investors continued to weigh the sector’s outlook after Trump’s win. Taiwan Semiconductor Manufacturing Co., a big component of the MSCI gauge, fell as much as 1%. SK Hynix, a South Korean chipmaker, sank as much as 6.1%. Chinese equities may remain range-bound given signs from policymakers at last week’s legislative meeting that stimulus measures are probably not going to target a major reacceleration of growth, Kaanhari Singh, head of Asia cross asset strategy for Barclays, said on Bloomberg Television. US consumer price data was in line with expectations on a headline basis, although the annualized three-month core rate picked up. Overall, the numbers were supportive of a potential Fed cut in mid-December, with swaps traders increasing the likelihood to around 80% from about 56% earlier Wednesday. The nuanced data led short-end bond yields to fall, with the two-year yield dropping five basis points to 4.29%. Treasury yields were slightly higher across the curve in Asian trading. Traders will now shift their focus to US PPI data due later Thursday, which is expected to show headline and core producer prices for October rose year-over-year. The yen fell further against the dollar to the weakest level since July. The drop has taken the yen near levels when Japanese authorities last intervened to prop up its currency, with the nation’s top foreign exchange official warning about the one-sided, sudden moves. Elsewhere in Asia, the yields on China’s new dual-part dollar bonds declined and were at a discount to comparable Treasuries on their secondary market debut Thursday, according to credit traders. China was able to draw more than $40 billion of bids for its first dollar bond issuance since 2021, or 20 times the bonds on offer. Shares of Tencent Holdings rose as much as 2.8% after the Chinese tech giant posted better-than-expected earnings and described green shoots in the economy. Geely Automobile Holdings shares climbed after reporting third-quarter net income growth of 92% from last year. Australia’s unemployment rate held at 4.1% as expected, but the amount of jobs added in October was lower than expected. Bitcoin notched another record high, climbing above $93,000 for the first time, with traders exuberant over Trump’s rhetorical support for crypto. The cryptocurrency was trading around $90,000 in early Asian trading. In other commodities, oil retreated after a Wednesday gain. Gold edged lower for a fifth session.
US After Hours DLO +10.7%, DGII +8.6%, BZH +8.5%, SONO +7.5% higher on earnings; HROW -21.2%, IBTA -15.9%, TSHA -12.7%, TTEK -7% lower on earnings; AEO +8.4% as Soros Capital discloses new position
Nikkei -0.48% Hang Seng -2.01% CSI -1.73% Shanghai -1.73% Shenzen -2.81%
Eur$ +1.054 CNH CNY JPY GBP CHF RUB TRY WTI$ Gold BTC ETH
S&P -0.18% Nasdaq -0.30% EuroStoxx +0.06% FTSE -0.21% Dax-0.13% SMI -0.06%
Macro :
- Element Capital Held $2 Billion in S&P 500 ETFs Before Election
- Bitcoin Briefly Tops $93,000 on Trump Agenda, Fed Policy Outlook
Keep an eye on :
Keep an eye on :
- AGFB BB ; Agfa-Gevaert 3Q Revenue Misses Estimates
- ALKB DC : ALK-Abello 3Q Ebitda Beats Estimates
- ALO FP : Alstom 1H Adjusted Ebit Beats Estimates, Alstom First-Half Results Beat, Guidance Maintained: Street Wrap
- ANIM IM : Anima Holding Buys 3% of Monte Paschi for EU219m
- ASML NA : ASML Keeps 2030 Sales Outlook Unchanged at EU44B to EU60B , ASML Upholds 2030 Sales Forecast in Bet on AI-Driven Demand
- AUSS NO : Austevoll Seafood 3Q Ebitda NOK1.19B Vs. NOK1.01B Y/y
- GBF GY : Bilfinger 3Q Sales EU1.28B Vs. EU1.12B Y/y
- BAMI IM : Italian Lender Banco BPM Buys 5% Stake in Monte Paschi
- BYW6 GY : BayWa 9M Ebit Loss EU77.6M Vs. Profit EU214.6M Y/y
- BOO LN : Boohoo 1H Gross Profit Misses Estimates
- BRBY LN : Burberry 1H Retail Comparable Sales Beats Estimates
- CWC GY : Cewe Stiftung 3Q Sales Meets Estimates
- CSCO US : Cisco 2Q Revenue Forecast Beats Estimates: Snapshot
- CVC ; CVC Capital 3Q Fee Paying AUM EU144.1B Vs. EU113.5B Y/y
- DMP GY : Dermapharm 9M Adjusted Ebitda EU240.3M Vs. EU243.8M Y/y
- DEME BB : Deme Group Sees 2024 Turnover Growth to Exceed 20%
- DTE GY : Deutsche Telekom Boosts FY Adj. EBITDA AL Forecast (1)
- EUZ GY : Eckert & Ziegler 9M Net Income EU23.4M
- EMBRACB SS : *EMBRACER AGREES TO SELL EASYBRAIN TO MINICLIP FOR $1.2B
- EMBRACB SS : Embracer 2Q Net Sales SEK8.55B Vs. SEK10.83B Y/y
- PRT IM : Esprinet 3Q Net Income EU3.35M
- EOAN GY : E.On 9M Adjusted Ebitda EU6.69B Vs. EU7.79B Y/y
- FGR FP : Eiffage 3Q Sales Meets Estimates, Eiffage Results Driven by Energy Systems Division: Street Wrap
- FGR FP : Eiffage 3Q Sales Meets Estimates, Eiffage Results Driven by Energy Systems Division: Street Wrap
- GFT GY : GFT Cuts FY Pretax Profit Forecast
- GCY GY : Grand City Properties 9M Adjusted Ebitda EU250M Vs. EU240M Y/y
- GLJ GY : Grenke Maintains FY Leasing New Business Volume Forecast
- HHHFA GY : Hamburger Hafen 9M Ebit EU93.2M Vs. EU75.6M Y/y
- HLAG GY : Hapag-Lloyd 9m Ebitda EU3.3B
- KESKOB FH : Kesko Oct. Total Sales EU1.13B
- KNIN SW : IMC Logistics Says Kuehne + Nagel to Buy 51% of Co.
- SDF GY : K+S FY Ebitda Forecast Misses Estimates
- LSG NO : Leroy Sees FY Harvest 190,000 Metric Tons
- MC FP : LVMH Names Cécile Cabanis CFO, Replacing Guiony
- MRK GY : Merck KGaA Beats Estimates on Boost From Life Science Unit
- MLP GY : MLP 9M Ebit EU66.4M Vs. EU45.2M Y/y
- AERO SW : Montana Aerospace Sees 2025 Adjusted Ebitda Above EU200M
- BMPS IM : Italy Sells 15% Stake in Monte Paschi Via Placing
- BMPS IM : Del Vecchio’s Delfin Buys 3.5% Stake in Monte Paschi: Ansa
- BMPS IM : Anima Holding Buys 3% of Monte Paschi for EU219m
- NKT DC : NKT Sees FY Oper Ebitda High End of EU310M to EU345M
- NVDA US : Nvidia Partner Quanta to Invest $230 Million in US on AI Demand
- OMV AV : OMV Wins €230 Million Award From Gazprom on 2022 Gas Dispute
- PSM GY ; ProSieben Sees FY Adjusted Ebitda Below EU575M, Saw About EU575M
- SPM IM : Saipem Gets New $1.9b Offshore Contract From Totalenergies Unit
- SNMO NA : SBM Offshore Boosts FY Adjusted Ebitda Forecast
- SU FP : Schneider Electric to Repay 2026 Convertibles Early
- SCR FP : Scor 3Q Net Loss EU117M, Est. Profit EU114.4M (1)
- SHLF NO : Shelf Drilling Boosts FY Adjusted Ebitda Forecast (1)
- SIE GY :
- SRAIL SW : Stadler Abandons Guidance After Valencia Floods
- STAN LN : StanChart Loses Four Financing Bankers in India Amid Revamp
- STR AV : Strabag Orders Surge on Energy-Transition Projects (1)
- S92 GY : SMA Solar Cuts FY Sales Forecast
- SN/ LN : Three Major Investors Call for Break-Up of Smith & Nephew: FT
- SON PL : Sonae 9M Net Income EU149M Vs. EU135M Y/y
- SLHN SW : Swiss Life 9M Premium Revenue CHF15.88B Vs. CHF15.47B Y/y
- SREN SW : Swiss Re 9M Net Income $2.19B
- TLX GY : Talanx Boosts FY Net Income Forecast
- TE FP : TechnipFMC Gets Deal for Total’s Granmorgu Offshore Project
- TIT IM : Telecom Italia 3Q Organic Ebitda Matches Estimates
- HO FP : Thales Targets 2024-2028 Organic Sales Growth Rate 5%-7%
- UU/ LN ; United Utilities 1H Revenue GBP1.08B Vs. GBP975.4M Y/y
- VEON US : Veon 3Q Revenue $1.04B Vs. $945M Y/y
- WAC GY : Wacker Neuson Cuts FY Revenue Forecast, Misses Estimates
- WLN FP : Worldline to Get Credem Merchant Acquiring Assets for €95M
- ZETA US : Zeta Shares Suffer Record Drop After Culper Short Call, Zeta Announces $100m Share Buyback
DAX:
- Siemens (SIE TH) +2.2%
- Siemens Sees Data Center Boom Offsetting Automation Slump (1)
- E.On (EOAN TH) +0.4%
- EON Boosts Power-Grid Spending by 20% as Europe Electrifies
- Deutsche Telekom (DTE TH) +0.3%
- Deutsche Telekom Earnings Boosted by Momentum in US and Germany
- Commerzbank (CBK TH) -0.8%
MDAX:
- Jenoptik (JEN TH) +3.2%
- Jenoptik Raised to Buy at Baader Helvea; PT 29 euros
- Bilfinger (GBF TH) +0.8%
- Bilfinger 3Q Sales EU1.28B Vs. EU1.12B Y/y
- Nordex (NDX1 TH) -1.1%
- HelloFresh (HFG TH) -1.2%
- K+S (SDF TH) -2%
- K+S FY Ebitda Forecast Misses Estimates
- Aixtron (AIXA TH) -3.5%
SDAX:
- MLP (MLP TH) +2.5%
- MLP 9M Ebit EU66.4M Vs. EU45.2M Y/y
- Borussia Dortmund (BVB TH) +1.6%
- AUTO1 (AG1 TH) +1.5%
- AUTO1 Raised to Buy at Bankhaus Metzler; PT 12.50 euros
- Wacker Neuson (WAC TH) -1.6%
- Wacker Neuson Cuts FY Revenue Forecast, Misses Estimates
- GFT (GFT TH) -5.6%
- GFT Cuts FY Pretax Profit Forecast
- SMA Solar (S92 TH) -19%
- SMA Solar 9M Net Income EU34.7M Vs. EU180.4M Y/y
After Hours Summary: DLO +10.7%, DGII +8.6%, BZH +8.5%, SONO +7.5% higher on earnings; HROW -21.2%, IBTA -15.9%, TSHA -12.7%, TTEK -7% lower on earnings; AEO +8.4% as Soros Capital discloses new position
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: DLO +10.7%, DGII +8.6%, BZH +8.5%, SONO +7.5%, NN +6.9%, TARS +6.4%, DADA +4.5%, HI +3.9%, CAPR +2.9%
Companies trading higher in after hours in reaction to news: AEO +8.4% (Soros Capital new position), ENGN +8.4% (files $300 mln mixed shelf securities offering; also stock offering by selling shareholders), CNH +7.4% (David Einhorn builds new position, calls shares cheap, according to CNBC), KSCP +5.4% (VZ announces partnership with KSCP), BOOM +3.8% (CEO to retire), TIL +3.8% (files $200 mln mixed shelf securities offering), UNH +3.6% (Soros Capital new position), EVLV +3.2% (to delay 10-Q filing), DMAC +2.3% (announces dosing of first patient in Phase 2 Trial of DM199), XRAY +2.3% (CEO bought 11,306 shares), ALLO +1.8% (to discontinue enrollment in Phase 1 cohort in the ALPHA2 trial), GPCR +1.7% (first patients dosed in Phase 2b ACCESS study; also reports earnings), MKL +1.5% (authorizes new $2 bln share repurchase program), SOLV +1.2% (Trian Fund (Nelson Peltz) increases osition), GEV +0.8% (Soros Capital new position), EXAS +0.5% (Soros Capital new position), FLUT +0.3% (Soros Capital increases position), LLY +0.3% (provides tirzepatide data), VZ +0.1% (VZ announces partnership with KSCP), BABA +0.1% (Soros Capital new position), DHI +0.1% (Soros Capital new position), UBER +0.1% (Soros Capital increases position)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: HROW -21.2%, IBTA -15.9%, TSHA -12.7%, TTEK -7%, JJSF -6.7%, DDD -6.6% (guides Q3 revs below consensus; also to delay 10-Q filing), NU -2.8%, KLIC -2.2% (also announces new $300 mln share repurchase program, raises dividend), SARO -1.2%, CSCO -0.9%, HP -0.4%, ALMS -0.1%
Companies trading lower in after hours in reaction to news: ZLAB -6.1% (commences $200 mln ADS offering), JTAI -6% (stock offering by selling shareholder), ODD -3.5% (fund to sell $100 mln of shares back to ODD), UHAL -1.1% (Trian Fund (Nelson Peltz) increases osition), RILY -1% (to delay 10-Q filing), SLRN -1% (files $400 mln mixed shelf securities offering), ICE -0.6% (Soros Capital increases position), SEZL -0.5% (files mixed shelf securities offering), SYNA -0.3% ($400 mln convertible notes offering), BXC -0.3% (new distribution partnership with Oldcastle), VTR -0.1% (commences 10.6 mln share offering), DFS -0.1% (to delay 10-Q filing), NOC -0.1% (awarded $541 mln U.S. Missile Defense Agency contract)
>>> Up
* Ambu Raised to Buy at Nordea; PT 160 kroner
* Georg Fischer PT Raised to 80 Swiss francs at Berenberg
* Jenoptik Raised to Buy at Baader Helvea; PT 29 euros
* Jenoptik Raised to Buy at Baader Helvea; PT 29 euros
* Navigator Co Raised to Outperform at Oddo BHF; PT 5 euros
* Scout24 SE PT Raised to 110 euros from 83 euros at Berenberg
* SoftwareONE Raised to Neutral at Cantor; PT 7 Swiss francs
* UPM-Kymmene Raised to Buy at Jefferies; PT 31.25 euros
>>> Down
* ABN Amro GDRs Cut to Underweight at Morgan Stanley
>>> Down
* ABN Amro GDRs Cut to Underweight at Morgan Stanley
* Casino Cut to Sell at AlphaValue/Baader
* Eni Cut to Neutral at Grupo Santander; PT 16 euros
* Plug Power Cut to Neutral at BTIG
* Vestas Cut to Hold at Berenberg; PT 120 kroner
>>> Initiation
>>> Initiation
* Heijmans GDRs Rated New Outperform at Oddo BHF; PT 36.50 euros
* Siemens Energy Rated New Overweight at Oxcap; PT 55.80 euros
* Snam Rated New Buy at Stifel; PT 5.90 euros
* Terna Rated New Hold at Stifel; PT 8.30 euros
>>> Call
* Terna Rated New Hold at Stifel; PT 8.30 euros
>>> Call
Discovery Capital discloses updated portfolio positions in 13F filing: New IBIT GEO VST JD X positions , Exited WDC GBTC STNE CRDO
Highlights from Q3 2024 filing as compared to Q2 2024 (all amounts are approximate):
- New positions in: IBIT (853.5K shares), GEO (387K), VST (367K), JD (366K), BBAR (272K), CEG (161K), PAM (116K), X (95K), EPR (83K), AEM (74K), BAP (70K), HDB (60K), ENPH (51K), MCD (34K), ONMD (2.3 mln)
- Increased positions in: GENI (to 5.36 mln shares from 4.57 mln shares), TV (to 17.44 mln from 16.94 mln), URA (to 0.34 mln from 0.22 mln), AMZN (to 0.25 mln from 0.14 mln), EPI (to 0.39 mln from 0.31 mln), TTWO (to 0.19 mln from 0.12 mln), BABA (to 0.14 mln from 0.08 mln), AMX (to 1.85 mln from 1.8 mln), APP (to 0.24 mln from 0.23 mln), EWW (to 0.03 mln from 0.02 mln), META (66K from 64K)
- Maintained positions in: HTZ warrants (9.27 mln shares), COMP (2.27 mln shares), SNAP (1.36 mln shares), YPF (0.75 mln shares)
- Closed positions in: WDC (from 620K shares), GBTC (from 603K), STNE (from 386K), CRDO (from 357K), VTLE (from 291K), CVX (from 0.2 mln), OXY (from 164K), NDAQ (from 0.1 mln), UBER (from 90K), INTC (from 79K)
- Decreased positions in: VIST (to 1.26 mln shares from 2.44 mln shares), AGRO (to 1.28 mln from 2.38 mln), GEHC (to 0.21 mln from 0.41 mln), PM (to 93K from 209K), GGAL (to 1.51 mln from 1.57 mln), INDA (to 0.03 mln from 0.06 mln), VKTX (to 131K from 147K)
Cisco beats by $0.04, reports revs in-line; guides Q2 EPS above consensus, revs in-line; guides FY25 EPS above consensus, revs in-line; broad-based acceleration in product orders reflecting normalizing demand (59.18 +0.47)
- Reports Q1 (Oct) earnings of $0.91 per share, excluding non-recurring items, $0.04 better than the FactSet Consensus of $0.87; revenues fell 5.6% year/year to $13.84 bln vs the $13.78 bln FactSet Consensus.
- Non-GAAP operating margin was 34.1% vs 31-32% prior guidance.
- Product revenue was down 9% and services revenue up 6%. Excluding Splunk, total revenue was down 14%.
- Revenue by geographic segment was: Americas down 9%, EMEA down 2%, and APJC up 1%.
- Product revenue performance reflected growth in Security up 100% and Observability up 36%. Networking was down 23% and Collaboration was down 3%. Excluding Splunk, Security and Observability grew 2% and 1%, respectively.
- Co issues guidance for Q2 (Jan), sees EPS of $0.89-0.91, excluding non-recurring items, vs. $0.87 FactSet Consensus; sees Q2 revs of $13.75-13.95 bln vs. $13.77 bln FactSet Consensus.
- Co guides to Q2 non-GAAP operating margin of 33.5-34.5%.
- Co issues guidance for FY25, sees EPS of $3.60-3.66, excluding non-recurring items, vs. $3.57 FactSet Consensus; sees FY25 revs of $55.30-56.30 bln vs. $55.83 bln FactSet Consensus.
- "Cisco is off to a strong start to fiscal 2025," said Chuck Robbins, chair and CEO of Cisco. "Our customers are investing in critical infrastructure to prepare for AI, and with the breadth of our portfolio, we are uniquely positioned to capitalize on this opportunity." "Revenue, gross margin and EPS in Q1 were at the high end or above our guidance range, generating strong operating leverage," said Scott Herren, CFO of Cisco. "We are focused on solid execution and operating discipline while making strategic investments to drive innovation and growth."
Closing Stock Market Summary
The stock market had a mixed showing today. There wasn't a lot of conviction on either side of the tape due in part to the major indices sitting near all-time highs. The S&P 500, which settled little changed from yesterday, is about 16 points off its record closing high.
The equal-weighted S&P 500 closed fractionally higher, but market breadth was negative. Decliners led advancers by a 3-to-2 margin at the NYSE and by a 2-to-1 margin at the Nasdaq.
Participants were digesting this morning's release of the October Consumer Price Index, which also garnered a mixed response from Treasuries. Total CPI was up 2.6% year-over-year, versus 2.4% in September, and core CPI up 3.3% year-over-year, unchanged from September, stoking worries about inflation persisting above the Fed's 2.0% target.
The 10-yr yield, which is most sensitive to inflation expectations, settled two basis points higher at 4.45%. The 2-yr yield, which is most sensitive to changes in the fed funds rate, settled four basis points lower at 4.28%.
Rate cut expectations increased slightly in response to the CPI print. The fed funds futures market now sees a 82.3% probability of a 25 basis points rate cut at the December FOMC meeting, up form 58.7% yesterday, according to the CME FedWatch tool.
Semiconductor stocks were a pocket of weakness, leading the PHLX Semiconductor Index (SOX) to close 2.0% lower. This price action also weighed down the S&P 500 information technology sector, which fell 0.3% despite gains in Microsoft (MSFT 425.20, +2.17, +0.5%) and Apple (AAPL 225.12, +0.89, +0.4%).
- Nasdaq Composite: +28.1%
- S&P 500: +25.5%
- S&P Midcap 400: +17.7%
- Russell 2000: +16.9%
- Dow Jones Industrial Average: +16.6%
Reviewing today's economic data:
- Weekly MBA Mortgage Applications Index 0.5% ; Prior -10.8%
- October CPI 0.2% (consensus 0.2%); Prior 0.2%, October Core CPI 0.3% (consensus 0.3%); Prior 0.3%
- The key takeaway from the report -- and perhaps calming influence -- is the understanding that the shelter index accounted for more than 65% of the total 12-month increase in core CPI, so the market is watering down the headline inflation print as not being as comprehensively inflationary as it seems. The unadjusted change in the all items less shelter index was just 1.3% year-over-year.
- The Treasury Budget for October showed a deficit of $257.4 billion compared to a deficit of $66.6 billion in the same period a year ago. The October deficit resulted from outlays ($584.2 billion) exceeding receipts ($326.8 billion). The Treasury Budget data is not seasonally adjusted so the October deficit cannot be compared to the September surplus.
- The key takeaway from the report is that the net interest outlay is running close to $1 trillion on an annualized basis.
Thursday's economic data features:
- 8:30 ET: October PPI ( consensus 0.2%; prior 0.0%) and Core PPI (consensus 0.3%; prior 0.2%), Weekly Initial Claims (consensus 220,000; prior 221,000), and Continuing Claims (prior 1.892 mln)
- 10:30 ET: weekly natural gas inventories (prior +69 bcf)
- 11:00 ET: Weekly crude oil inventories (prior +2.15 mln)
Soros Capital discloses updated portfolio positions in 13F filing: New AEO BABA AFRM positions, Exited WULF IREN
Highlights from Q3 2024 filing as compared to Q2 2024 (all amounts are approximate):
- New positions in: AEO (514K), BABA (114K), AFRM (112K), GEV (55K), DHI (52K), EXAS (52K), MSFT (48K), DHR (21K), ASML (21K), PWR (19K), UNH (17K)
- Increased positions in: UBER (to 140K from 9K), ICE (to 121K from 20K), FLUT (to 94K from 5K), AMZN (to 106K from 23K), AMAT (to 82K from 9K), BLDR (to 64K from 9K), META (to 49K from 1K), CASY (to 28K from 1K), ULTA (to 27K from 1K), FI (to 55K from 32K), PTLO (to 49K from 32K), ARHS (to 22K from 18K), DKNG (to 12K from 8K), VRSN (to 14K from 11K), CZR (to 93K from 90K), STZ (to 14K from 11K)
- Maintained positions in: PACK (4.63 mln shares), NMRA (0.51 mln shares), CSGP (0.09 mln shares)
- Closed positions in: WULF (from 2.3 mln shares), IREN (from 1.32 mln), DLTR (from 24K), TMUS (from 15K), CRM (from 12K)
- Decreased positions in: CORZ (to 862K from 1511K), TSM (to 105K from 136K), ALC (to 27K from 40K), GDDY (to 23K from 30K), PHYS (to 32K from 39K), CCI (to 25K from 28K)
Notable earnings/guidance movers: BZH +13.2%, DGII +9.8%, DLO +7.9% on upside; IBTA -15.3%, TTEK -6.8%, JJSF -5.1% on downside
- Earnings/guidance gainers: BZH +13.2%, DGII +9.8%, DLO +7.9%, NN +6.9%, TARS +5.4%, KYTX +2%
- Earnings/guidance losers: IBTA -15.3%, TTEK -6.8%, JJSF -5.1%, HP -4.1%, CAPR -3.5%, HI -2.2%, KLIC -2.2%