>>> US Gapping up

Gapping up
In reaction to earnings/guidance:
  • OSCR +15.2%, ZETA +14.6%, HIMS +14.2%, SYM +14%, MWA +13.6% (also appoints new CEO), EVER +10.1%, VMEO +10%, PRAA +9.2%, UBS +9.2%, RXST +9.1%, AMBC +9.1%, FN +8.6%, COHR +8.5%, UCTT +8.3%, CLDX +8%, EHTH +8%, BRBR +7.6%, OTTR +7.5%, JJSF +7.2%, TVTX +6.7%, SIM +6.5%, ATSG +5.7% (to operate ten Boeing 767s for AMZN), GOGO +5.1%, COKE +5%, PINC +5%, KNF +4.9%, BAND +4.8%, AORT +4.4%, FIS +4%, USLM +3.9% (also announces 5-for-1 stock split), COTY +3.9%, PRA +3.8%, IFF +3.8%, GFS +3.6%, FWRG +3.4%, TWKS +3.2%, PLYA +2.9%, HLMN +2.9%, DKL +2.8%, LITE +2.7%, SQSP +2.7%, TBI +2.6% (also files $200 mln mixed shelf), GTN +2.4%, APLS +2.3%, RCKT +2.2%, KVUE +2.2%, SAFE +2.1%, GBDC +2%, IDYA +2%, HSIC +1.9%, KOS +1.7%, TPX +1.7%, TDG +1.4%, RYTM +1.2%, BWXT +1.1%, PRGO +1.1%
Other news:
  • CMPO +7.6% (declares special dividend)
  • ADTH +5.6% (Announces Expiration of "Go-Shop" Period Contained in Previously Announced Merger Agreement and Receipt of Acquisition Proposal)
  • NGNE +3% (announces initial safety and tolerability data from its ongoing Phase 1/2 gene therapy clinical trial for Rett syndrome)
  • CPG +2.8% (divests non-core assets)
  • MRUS +2% FDA accepts priority review)
  • EVRI +1.4% (terminates repurchase plan)
  • MYRG +0.9% (new $75 mln repurchase plan)
Analyst comments:
  • GPS +3% (upgraded to Buy from Neutral at Citigroup)
  • PODD +1.6% (upgraded to Outperform from Peer Perform at Wolfe Research)
  • TGT +1.6% (upgraded to Buy from Neutral at Citigroup)
  • VALE +0.9% (upgraded to Buy from Neutral at UBS)

>>> Europe : Brokers Upgrades & Downgrades - 7th of May 2024 V3(++)

>>> Up
* AMD Raised to Buy at DZ Bank; PT $190
* Atria Raised to Accumulate at Inderes; PT 10.50 euros
* Bakkafrost Raised to Buy at SpareBank; PT 680 kroner
* Cementos Pacasmayo ADRs Raised to Outperform at Itau BBA
* Clariant Raised to Overweight at Morgan Stanley
* Cloudflare Raised to Buy at DZ Bank; PT $95
* Demant Raised to Buy at Jyske Bank; PT 360 kroner
* Embracer PT Raised to 50 kronor from 32 kronor at SEB Equities (++)
* Euronav Raised to Buy at Arctic Securities; PT 17.71 euros (+)
* Fluidra Raised to Buy at Alantra Equities; PT 25.20 euros (++)
* Frontier Developments Raised to Buy at Peel Hunt; PT 343 pence (+)
* Philips Raised to Neutral at BNPP Exane; PT 24 euros (++)
* Sandvik Raised to Buy at ABG; PT 265 kronor
* Snam Raised to Outperform at RBC, Italgas Cut to Sector Perform
* Ubisoft Raised to Buy at Stifel; PT 28 euros

>>> Down
* Elmera Group ASA Cut to Hold at Pareto Securities; PT 35 kroner
* Koskisen Cut to Hold at Nordea; PT 4.30 euros
* Peab Cut to Hold at SEB Equities; PT 69 kronor
* Sixt Cut to Hold at Berenberg; PT 66 euros
* Viafin Service Cut to Accumulate at Inderes; PT 18 euros

>>> Initiation
* Ashtead Rated New Buy at Deutsche Bank; PT 6,800 pence (+)
* Babcock Rated New Buy at Deutsche Bank; PT 625 pence (+)
* Bunzl Rated New Hold at Deutsche Bank (+)
* Capita Rated New Buy at Deutsche Bank; PT 35 pence (+)
* Clarkson Rated New Buy at Deutsche Bank; PT 4,950 pence (+)
* De La Rue Rated New Hold at Deutsche Bank (+)
* Essentra Rated New Buy at Deutsche Bank (+)
* Inchcape Rated New Buy at Deutsche Bank; PT 1,100 pence (+)
* Johnson Service Rated New Buy at Deutsche Bank (+)
* IWG Rated New Buy at Deutsche Bank (+)
* Mears Rated New Buy at Deutsche Bank (+)
* Mitie Rated New Buy at Deutsche Bank (+)
* Pagegroup Rated New Buy at Deutsche Bank; PT 600 pence (+)
* Palo Alto Networks Rated New Outperform at CICC; PT $328
* Robert Walters Rated New Buy at Deutsche Bank; PT 600 pence (+)
* RWS Holdings Rated New Buy at Deutsche Bank (+)
* Serco Rated New Hold at Deutsche Bank (+)
* SThree Rated New Buy at Deutsche Bank; PT 600 pence (+)

>>> Call
* BBVA, Sabadell Merger Story Probably Has Further to Run: RBC
* Clariant Upgraded, Morgan Stanley Sees Green Shoots in Chemicals
* Elis Has Strong Operational Delivery Again, Morgan Stanley Says
* Geberit Plans New Buyback, Beats on Better Volumes, Citi Says (+)
* JPMorgan’s Matejka Sees Stocks Stalling on Stretched Positioning
* Peab Downgraded to Hold at SEB Equities Following Strong Run (+)
* Snam Raised to Outperform at RBC, Italgas Cut to Sector Perform
* UniCredit Beat, Improved Guidance Expected to Be Welcomed: KBW (+)

>>> Airbus reports April orders and deliveries; IndiGo orders 30 Airbus A350 wid

Airbus reports April orders and deliveries; IndiGo orders 30 Airbus A350 widebody aircraft
  • April 2024 deliveries: 61 deliveries to 33 customers
    • April 2024 gross orders: 57
    • 2024 deliveries to date: 203 deliveries to 52 customers
  • Additionally, IndiGo, India's largest airline, has placed a firm order for 30 Airbus A350-900 aircraft. The order will help expand IndiGo's international network to long-haul destinations.

>>> Europe : Brokers Upgrades & Downgrades - 7th of May 2024 V2(+)

>>> Up
* AMD Raised to Buy at DZ Bank; PT $190
* Atria Raised to Accumulate at Inderes; PT 10.50 euros
* Bakkafrost Raised to Buy at SpareBank; PT 680 kroner
* Cementos Pacasmayo ADRs Raised to Outperform at Itau BBA
* Clariant Raised to Overweight at Morgan Stanley
* Cloudflare Raised to Buy at DZ Bank; PT $95
* Demant Raised to Buy at Jyske Bank; PT 360 kroner
* Euronav Raised to Buy at Arctic Securities; PT 17.71 euros (+)
* Frontier Developments Raised to Buy at Peel Hunt; PT 343 pence (+)
* Sandvik Raised to Buy at ABG; PT 265 kronor
* Snam Raised to Outperform at RBC, Italgas Cut to Sector Perform
* Ubisoft Raised to Buy at Stifel; PT 28 euros

>>> Down
* Elmera Group ASA Cut to Hold at Pareto Securities; PT 35 kroner
* Koskisen Cut to Hold at Nordea; PT 4.30 euros
* Peab Cut to Hold at SEB Equities; PT 69 kronor
* Sixt Cut to Hold at Berenberg; PT 66 euros
* Viafin Service Cut to Accumulate at Inderes; PT 18 euros

>>> Initiation
* Ashtead Rated New Buy at Deutsche Bank; PT 6,800 pence (+)
* Babcock Rated New Buy at Deutsche Bank; PT 625 pence (+)
* Bunzl Rated New Hold at Deutsche Bank (+)
* Capita Rated New Buy at Deutsche Bank; PT 35 pence (+)
* Clarkson Rated New Buy at Deutsche Bank; PT 4,950 pence (+)
* De La Rue Rated New Hold at Deutsche Bank (+)
* Essentra Rated New Buy at Deutsche Bank (+)
* Inchcape Rated New Buy at Deutsche Bank; PT 1,100 pence (+)
* Johnson Service Rated New Buy at Deutsche Bank (+)
* IWG Rated New Buy at Deutsche Bank (+)
* Mears Rated New Buy at Deutsche Bank (+)
* Mitie Rated New Buy at Deutsche Bank (+)
* Pagegroup Rated New Buy at Deutsche Bank; PT 600 pence (+)
* Palo Alto Networks Rated New Outperform at CICC; PT $328
* Robert Walters Rated New Buy at Deutsche Bank; PT 600 pence (+)
* RWS Holdings Rated New Buy at Deutsche Bank (+)
* Serco Rated New Hold at Deutsche Bank (+)
* SThree Rated New Buy at Deutsche Bank; PT 600 pence (+)

>>> Call
* BBVA, Sabadell Merger Story Probably Has Further to Run: RBC
* Clariant Upgraded, Morgan Stanley Sees Green Shoots in Chemicals
* Elis Has Strong Operational Delivery Again, Morgan Stanley Says
* Geberit Plans New Buyback, Beats on Better Volumes, Citi Says (+)
* JPMorgan’s Matejka Sees Stocks Stalling on Stretched Positioning
* Peab Downgraded to Hold at SEB Equities Following Strong Run (+)
* Snam Raised to Outperform at RBC, Italgas Cut to Sector Perform
* UniCredit Beat, Improved Guidance Expected to Be Welcomed: KBW (+)

>>> Stoxx 600 Pre-Market Indications

  • BP (BPE5 TH) +2.2%
    • BP Maintains Share Buybacks Even as Profit Misses Estimates
  • Ubisoft (UEN TH) +1.7%
    • Stifel upgrades stock to buy: APA
  • Aixtron (AIXA TH) +1.7%
  • UniCredit (CRIN TH) +1.6%
    • UniCredit Tops Estimates With Lift From Fees, Lending Income (1)
  • Novo (NOV TH) +1.2%
  • Neste (NEF TH) +1.1%
  • Man Group (M3N TH) +0.9%
  • Anglo American (NGLB TH) -0.6%
  • Hochtief (HOT TH) -0.6%
  • Exor (EYX TH) -0.8%
  • Infineon (IFX TH) -1%
    • *INFINEON CUTS FY REVENUE, SEGMENT RESULT MARGIN OUTLOOK
  • Verbund (OEWA TH) -1.2%
  • Fresenius Medical Care (FME TH) -2%
    • Fresenius Medical Care 1Q Operating Income Misses Estimates
  • TeamViewer (TMV TH) -2.1%
    • TeamViewer 1Q Adjusted Ebitda Margin Misses Estimates
  • Siemens Healthineers (SHL TH) -2.3%
    • Siemens Healthineers 2Q Adjusted Ebit Misses Estimates
  • Zalando (ZAL TH) -2.5%
    • Zalando 1Q Adjusted Ebit Misses Estimates
  • Coloplast (CBHD TH) -3.4%
    • Coloplast Sees FY Rev. +10% to +11%, Saw About +11%, Est. +7.73%

>>> TradeGate Pre-Market Indications

DAX:
  • Deutsche Bank (DBK TH) +1.2%
  • Infineon (IFX TH) -1.7%
    • *INFINEON CUTS FY REVENUE, SEGMENT RESULT MARGIN OUTLOOK
  • Siemens Healthineers (SHL TH) -2.3%
    • Siemens Healthineers 2Q Adjusted Ebit Misses Estimates
  • Zalando (ZAL TH) -2.6%
    • Zalando 1Q Adjusted Ebit Misses Estimates
MDAX:
  • Aixtron (AIXA TH) +2.1%
    • UBS upgrades stock to neutral: APA
  • Sixt (SIX2 TH) +0.9%
    • Sixt Cut to Hold at Berenberg; PT 66 euros
  • Fresenius Medical Care (FME TH) -1%
    • Fresenius Medical Care 1Q Operating Income Misses Estimates
  • TeamViewer (TMV TH) -1.5%
    • TeamViewer 1Q Adjusted Ebitda Margin Misses Estimates
SDAX:
  • Varta (VAR1 TH) +1.7%
    • Varta Rises After Battery Maker Names Michael Ostermann New CEO
  • Schaeffler (SHA TH) +1.7%
    • Schaeffler 1Q Revenue EU4.09B
  • Vitesco (VTSC TH) +1.3%
  • Wacker Neuson (WAC TH) +1.1%
    • Wacker Neuson 1Q Ebit EU36.9M Vs. EU87.8M Y/y
  • Kloeckner (KCO TH) -1.4%
    • Kloeckner 1Q Adjusted Ebitda EU42M Vs. EU65M Y/y

>>> Europe : Brokers Upgrades & Downgrades - 7th of May 2024

>>> Up
* AMD Raised to Buy at DZ Bank; PT $190
* Atria Raised to Accumulate at Inderes; PT 10.50 euros
* Bakkafrost Raised to Buy at SpareBank; PT 680 kroner
* Cementos Pacasmayo ADRs Raised to Outperform at Itau BBA
* Clariant Raised to Overweight at Morgan Stanley
* Cloudflare Raised to Buy at DZ Bank; PT $95
* Demant Raised to Buy at Jyske Bank; PT 360 kroner
* Sandvik Raised to Buy at ABG; PT 265 kronor
* Snam Raised to Outperform at RBC, Italgas Cut to Sector Perform
* Ubisoft Raised to Buy at Stifel; PT 28 euros

>>> Down
* Elmera Group ASA Cut to Hold at Pareto Securities; PT 35 kroner
* Koskisen Cut to Hold at Nordea; PT 4.30 euros
* Peab Cut to Hold at SEB Equities; PT 69 kronor
* Sixt Cut to Hold at Berenberg; PT 66 euros
* Viafin Service Cut to Accumulate at Inderes; PT 18 euros

>>> Initiation
* Palo Alto Networks Rated New Outperform at CICC; PT $328

>>> Call
* BBVA, Sabadell Merger Story Probably Has Further to Run: RBC
* Clariant Upgraded, Morgan Stanley Sees Green Shoots in Chemicals
* Elis Has Strong Operational Delivery Again, Morgan Stanley Says
* JPMorgan’s Matejka Sees Stocks Stalling on Stretched Positioning
* Snam Raised to Outperform at RBC, Italgas Cut to Sector Perform