* Freenet PT Raised to 26 euros from 24 euros at Berenberg
>>> Down
* BE Semiconductor Cut to Hold at Berenberg; PT 76 euros
>>> Initiation
* Aker Carbon Capture Resumed Equal-Weight at Morgan Stanley
>>> Call
* Siemens PT to Street-High at Jefferies on Undervalued Automation
Macro :
- Xi’s Crackdown Keeps Strategists Wary of China Tech Stock Bounce
Keep an eye on :
- SAS SS : SAS CEO Doesn’t Expect Airline to Tap States for More Aid: DN
- SOBI SS : Advent, GIC to Buy Sobi for SEK235 a Share in Cash: M&A Snapshot
After Hours Summary: CHWY -9.7%, FIVE -9.2%, AI -8.7%, VEEV -8.4% fall on earnings; CHPT +14.2%, NCNO +6.7%, SMTC +5% higher on earnings; INMB +13.1% higher on positive dataAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: CHPT +14.2%, NCNO +6.7% (also selected by Wells Fargo to enhance commercial bank lending), SMTC +5%, GEF +3.8%, NTNX +3.8%, RYAN +2.1%, ETWO +1.1%, ASAN +0.6% (also names new COO)
Companies trading higher in after hours in reaction to news: INMB +13.1% (reports Alzheimer's patients treated with XPro show reduction in CSF Phospho-Tau and evidence of remyelination), QDEL +1.4% (to make QuickVue At-Home OTC COVID-19 tests available at CVS), STLA +1.1% (to acquire F1 Holdings for $285 mln), GENI +1.1% (awarded sports betting license in Wyoming), BGNE +0.8% (FDA grants BRUKINSA approval), MRNA +0.7% (initiates submission of initial data to the FDA for COVID-19 vaccine booster), IR +0.7% (updates capital allocation strategy, to initiate $0.02/sh dividend and authorizes new $750 mln share repurchase program), RKLB +0.5% (announces construction of new high volume reaction wheel production facility), COST +0.3% (reports August adjusted comps of +9.1%), DKNG +0.2% (confirms launch of DraftKings Online Sportsbook in Wyoming), JBI +0.2% (acquires Access Control Technologies), FHN +0.1% (postpones IBERIABANK operating system conversion and rebranding until 1Q22 due to Hurricane Ida)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: CHWY -9.7%, FIVE -9.2%, AI -8.7%, VEEV -8.4%, PHR -4.8%, SWBI -4.1%, OKTA -2%, SPWH -1%
Companies trading lower in after hours in reaction to news: ASMB -14.6% (to discontinue development of ABI-H2158), HOFV -4.5% (postpones Highway 77 Music Festival; also files for $50 mln mixed securities shelf offering), GRIN -3.3% (announces IVS Pinehurst charter extension), TAK -1.4% (Phase 3 PANTHER study did not achieve primary endpoint), VIVO -1% (expands recall for lead test kits), NEO -0.7% (stock offering), ACAD -0.5% (CFO departs), F -0.5% (Ford is again cutting production of F-150 trucks due to chip shortage, according to CNBC), BLFS -0.2% (stock offering), EVRG -0.1% (files mixed securities shelf offering), AMZN -0.1% (hiring over 40,000 corporate and tech roles)
Gapping down
In reaction to earnings/guidance:
- PYCR -3.9%, CRWD -2.8%, DY -2.8%
Other news:
- LCID -16.4% (lock up expiration day)
- NIO -5.5% (Aug deliveries)
- PLBY -4.5% (stock offering)
- XPEV -2.8% (Aug deliveries)
- SFM -1.8% (names new CFO)
- GXO -1% (files mixed securities shelf offering)