TheChek News Flow

Gapping down
In reaction to earnings/guidance:

GES -14.2%, SOL -13.7%, DLO -12.2%, DE -6.7%, ADSK -6.5%, URBN -5.0%, JACK -3.5%, HPQ -1.8%

Other news:

CAT -2.2% (in sympathy with DE)
TGH -1.7% (announces expiration of "go-shop" period)
DELL -1.1% (in sympathy with HPQ)

Analyst comments:

ADSK -6.5% (downgraded to Neutral from Overweight at Piper Sandler)
HSBC -1.7% (downgraded to Sector Perform from Outperform at RBC Capital)

>>> US Gapping up

Gapping up
In reaction to earnings/guidance:

NVDA +1.0%

Other news:

COMM +5.8% (Director bought 60,000 shares at $1.86 worth ~$111K)
CERT +4.0% (introduces Simcyp Biopharmaceutics software to increase efficiency of novel and generic drug formulation & development)
DCBO +2.6% (announces CEO succession plan and approves a issuer bid under which the company will repurchase up to $100 mln of common stock)
CCJ +1.6% (pushing up along with uranium prices)
HITI +1.4% (announces purchases of shares by insiders)
AGL +1.2% (CEO bought 44,690 shares at $11.14 worth ~$498K)
INFY +1.1% (Co. and TK Elevator extend strategic collaboration)
AMD +1.0% (up after NVDA results)
BABA +1.0% (Jack Ma ends plans to lower stake in Alibaba, according to Bloomberg)

Analyst comments:

CLX +1.5% (upgraded to Neutral from Underweight at JPMorgan)

>>> US Early premarket gappers

Early premarket gappers

Gapping up:
- COMM +5.8%, HITI +5.6%, CERT +4.0%, AGL +1.2%, INFY +1.1%
Gapping down:
- SOL -18.3%, GES -14.0%, DLO -12.8%, URBN -6.5%, DE -5.9%, ADSK -5.8%, JACK -3.5%, HPQ -2.2%, TGH -1.7%, DELL -1.5%

>>> Europe : Brokers Upgrades & Downgrades - 22nd of November 2023 V3(++)

>>> Up

* Anglo American Raised to Buy at Liberum; PT 2,500 pence (++)

* Aperam Raised to Outperform at BNPP Exane; PT 34 euros

* Applied Materials Raised to Buy at Redburn; PT $127.31 (+)

* ASMI Raised to Buy at Redburn; PT 350.30 euros (+)
* Clorox Raised to Neutral at JPMorgan; PT $145

* Coca-Cola Femsa ADRs Raised to Outperform at Grupo Santander

* Holcim Raised to Outperform at On Field; PT 85 Swiss francs (+)

* Hugo Boss Raised to Buy at Deutsche Bank; PT 79 euros (+)

* Hugo Boss Raised to Buy at BofA; PT 75 euros (++)

* MPC Container Ships ASA Raised to Hold at DNB Markets (++)

* Terna Energy Raised to Buy at Eurobank Equities; PT 18 euros (++)

>>> Down
* ABN Amro GDRs Cut to Underperform at KBW; PT 15 euros

* Adevinta Cut to Hold at DNB Markets; PT 115 kroner (+)

* Adevinta Cut to Neutral at Oddo BHF; PT 110 kroner (+)

* Adevinta Cut to Hold at Kepler Cheuvreux; PT 115 kroner (++)

* Aker Horizons Cut to Sell at SpareBank; PT 3 kroner

* Alior Cut to Hold at Erste Group; PT 80.60 zloty (+)

* BE Semiconductor Cut to Hold at KBC Securities; PT 115 euros (+)

* Brunel Cut to Neutral at Oddo BHF; PT 13.90 euros

* CA Immo Cut to Hold at Deutsche Bank; PT 30 euros (+)

* Givaudan Cut to Underweight at Morgan Stanley

* Glencore Cut to Hold at Liberum; PT 515 pence (++)

* Handlowy Cut to Hold at Erste Group; PT 100 zloty (+)

* Helical Cut to Add at Numis; PT 300 pence (+)

* HSBC Cut to Sector Perform at RBC; PT 775 pence

* Inditex Cut to Neutral at JB Capital Markets; PT 41.20 euros (+)

* Interroll Cut to Hold at Berenberg; PT 2,750 Swiss francs

* Kion Cut to Hold at Berenberg; PT 37 euros

* MBank Cut to Sell at Erste Group; PT 495 zloty (+)

* Millennium Cut to Reduce at Erste Group; PT 7.20 zloty (+)

* MPC Container Ships ASA Cut to Hold at Fearnley; PT 15 kroner

* Orkla Rated New Buy at Kepler Cheuvreux; PT 95 kroner (++)

* Outokumpu Cut to Neutral at BNPP Exane; PT 4 euros

* Pekao Cut to Hold at Erste Group; PT 150 zloty (+)

* PKO Bank Polski Cut to Accumulate at Erste Group; PT 55 zloty (+)

* Rheinmetall PT Raised to 370 euros from 340 euros at JPMorgan

* Santander Bank Polska Cut to Reduce at Erste Group; PT 446 zloty (+)

* Schibsted Cut to Hold at Kepler Cheuvreux; PT 265 kroner (++)

* UCB Resumed Buy at KBC Securities; PT 110 euros (++)

* Verbund Cut to Sell at Citi; PT 75 euros

* Victoria Cut to Add at Peel Hunt; PT 400 pence (+)

* Walmart Cut to Neutral at President Capital Management; PT $162 (++)

>>> Initiation

* Ambev ADRs Rated New Hold at Jefferies; PT $2.86
* Basic-Fit Rated New Corporate at Edison Investment Research

* BE SEMI REINSTATED AT KBC SECURITIES WITH HOLD RATING, EU115 PT

* Devolver Digital Re-Initiated Buy at Berenberg; PT 31 pence

* Frontier Developments Re-Initiated Hold at Berenberg

* Howden Joinery Reinstated Buy at Jefferies; PT 835 pence

* Inmobiliaria Colonial Reinstated Hold at Deutsche Bank (+)

* KLA Corp Rated New Neutral at Redburn; PT $550 (++)

* Merlin Properties Reinstated Buy at Deutsche Bank; PT 11 euros (+)

* Optima bank Rated New Overweight at Pantelakis Securities (++)

* Prysmian Rated New Neutral at Oddo BHF; PT 40 euros

>>> Call

* Aperam Rises After BNP Upgrades to Outperform (++)

* Brunel Drops as Oddo Downgrades on Limited Earnings Visibility (++)

* RBC’s Calvasina Sees S&P 500 Rallying to a Record 5,000 in 2024

* Givaudan Downgraded at Morgan Stanley on Weak Growth Prospects

* Howden Joinery a Buy at Jefferies, Scope For More Outperformance

* HSBC Cut to Sector Perform at RBC Following Outperformance

* Hugo Boss Rises as BofA, Deutsche Bank Both Upgrade to Buy (++)

* Kion, Interroll Downgraded at Berenberg; Kardex Top Sector Pick

* Novo Nordisk PT, Wegovy Peak Sales Expectations Lifted at Intron (+)
* Verbund Offers Limited Upside Risk, Downgraded to Sell at Citi

>>> Europe : Brokers Upgrades & Downgrades - 22nd of November 2023 V2(+)