>>> US After Hours Summary: Busy earnings session; ODD +13.4%, RDDT +12.6%, CRUS

After Hours Summary: Busy earnings session; ODD +13.4%, RDDT +12.6%, CRUS +11.4%, POWI +11.2%, GMED +10.9%, INTA +9.2%, RNG +9.2% higher on earnings; TMCI -46%, DV -36.5%, GO -18%, INSP -16.2%, ZI -14.2% lower on earnings

After Hours Gainers:

Companies trading higher in after hours in reaction to earnings/guidance: ODD +13.4%, RDDT +12.6%, CRUS +11.4%, POWI +11.2%, GMED +10.9%, CRCT +10.3% (initiates semi-annual dividend; declares $0.40/sh special dividend; approves $50 mln repurchase plan), INTA +9.2%, RNG +9.2%, MYGN +8.6%, OLO +8.5% (also announces deal with BROS), BROS +8%, CFLT +6.7%, MQ +6.7%, NVRO +6.6% (also names new COO), LYFT +6.1%, ANET +6% (also authorizes new $1.2 bln share repurchase program), PUBM +6%, ANGI +5.8%, AMRC +5%, GXO +4.9%, ADPT +4.8%, KD +4.7%, AGL +4.4%, VCYT +4%, GPRO +3.8%, LGND +3.5%, CRC +3.4%, TOST +3.3%, INGN +2.7%, VECO +2.7%, KGC +2.7%, UIS +2.1%, BKD +2%, WYNN +1.8%, HALO +1.7%, MGY +1.7%, AIZ +1.4%, ENV +1.3%, RDFN +1.3%, AOSL +1%, TRIP +1%, IRBT +0.9% (also names new CEO), CHRD +0.8%, MRCY +0.8%, BHF +0.4%, JANX +0.4%, HRT +0.1%

Companies trading higher in after hours in reaction to news: WTS +7% (increases dividend), HASI +3% (HASI and KKR establish $2 bln partnership to invest in sustainable infrastructure projects), LCII +2.7% (LCII acquires furniture business assets of CWH unit), CTMX +2.5% (enters into collaboration and supply agreement with MRK), MFC +2.3% (amends normal course issuer bid to repurchase for cancellation up to an additional 40 mln shares), PVBC +1.3% (names new CFO), MYE +1% (files $400 mln mixed shelf securities offering), SDRL +0.4% (contract awards for two drillships), DRS +0.2% (wins Boeing contract), CAH +0.1% (increases dividend)

After Hours Losers:

Companies trading lower in after hours in reaction to earnings/guidance: TMCI -46%, DV -36.5%, GO -18%, INSP -16.2%, CDRE -15.8%, FLYW -15.5%, ZI -14.2% (also increases share buyback authorization by $500 mln), AMRK -12.6%, LZ -12%, UPST -11.8%, SHLS -11.7%, ATEC -11.6%, ANDE -10.9%, DH -10.3%, OPK -10%, ALAB -7.5%, OCUL -7.3%, CRSR -6.5%, CERT -6.4%, TWLO -6.3%, RGR -6.1%, RIVN -5.7%, PWSC -5.5%, VTEX -5.3%, MTCH -5.1%, AWR -4.8%, CMP -4.7% (also halts dividend), USPH -4.4%, ICHR -4.3%, RRR -4.3%, IPAR -4.1%, RPD -4%, RVLV -3.6%, ASTH -3.3%, STAA -3.3% (also announces milestone strategic agreement in US with IQ laser vision), LAZR -3%, SPCE -3%, EA -2.5% (also authorizes new $5 bln share repurchase program), VTOL -1.8%, JOBY -1.7%, NRDY -1.7%, PCRX -1.7% (also authorizes new $150 mln share repurchase program), SONO -1.5%, OVV -1.4%, BIO -1.3%, BL -1.3%, EOLS -1.3%, CYRX -1.2%, QLYS -1.2%, ABCL -1%, CPNG -1%, MCK -0.8%, JKHY -0.7%, IAC -0.6%, OXY -0.6%, AZPN -0.4% (also names new CFO), BBDC -0.4%, DEI -0.4%, PEN -0.4%, KTOS -0.1%, PR -0.1% (also increases dividend)

Companies trading lower in after hours in reaction to news: MAX -10.2% (stock offering by selling shareholders), AVA -5.1% (files for at-the-market offering of 3,305,541 shares), DLR -3% (10.5 mln share offering), EGBN -2.8% (files $150 mln mixed shelf securities offering), CXDO -1.3% (files $75 mln offering; also files for 3.5 mln share offering by selling shareholders), IP -0.9% (no comment on rumors or speculation), MDGL -0.9% (files mixed shelf securities offering), DCGO -0.3% (discloses cybersecurity update), CGC -0.3% (stock offering by selling shareholders)

>>> US Gapping down

Gapping down
In reaction to earnings/guidance:
  • TDC -12.8%, PLTR -11.9%, DDOG -10.6%, BYON -10%, AUDC -9.9%, ATKR -9%, MDGL -8.7%, LCID -8.2%, CELH -8.2%, FMS -7.1%, SPR -7.1%, DIS -5.9%, SNCY -5.8%, JELD -5.5%, ROK -5.3%, GEO -5.1%, AL -4.6% (also files mixed shelfand secondary stock offering), RACE -4.6%, PARR -4.5%, CROX -4.1%, RRX -3.4%, VNO -3.2%, BSM -3.2%, HNRG -3.1%, RKLB -3% (also completes first full assembly of its Archimedes engine; completes selection of subcontractors), NE -2.9%, BLDR -2.9%, MCHP -2.7% (also increases dividend), FMC -2.2%, BP -2.2%, PAY -2.1%, DOOR -2%, ADTN -1.9%, SRRK -1.9%, CEIX -1.6%, ACM -1.3%, AXON -1.1%, J -1.1%
Other news:
  • CLLS -11% (AstraZeneca completes Cellectis (CLLS) equity investment)
  • GFI -4.2% (Fields provides Q1 operations update; Production for the quarter was severely impacted by weather-related events and operational challenges; annual group production and cost guidance for 2024 remain unchanged)
  • ASR -2.8% (releases passenger traffic data for April)
  • CNO -2.3% (files mixed shelf)
  • RYAM -2.2% (selling Softwood Duty Refund Rights)
  • AXON -1.1% (acquires Dedrone)
  • GPRE -1.1% (files mixed shelf)
  • TLRY -1% (entered into certain private debt-for-equity exchange transactions between April 24, 2024 and May 6, 2024)
Analyst comments:
  • CVS -0.5% (downgraded to Hold from Buy at TD Cowen)

>>> 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 (+)