>>> What to look at today - 30th of April 2021

Asian stocks retreated Friday as China’s antitrust crackdown weighed on technology firms, while U.S. equity futures fell after another record on Wall Street overnight. Treasuries and the dollar were steady.
Hong Kong led regional losses and an Asia-Pacific stock gauge headed for its first drop in three days. Chinese regulators imposed wide-ranging restrictions on the financial divisions of 13 companies, including Tencent Holdings Ltd. and ByteDance Ltd., in a broadening effort to rein in the nation’s tech giants.
China’s purchasing managers surveys pointed to slowing expansion in activity, which may have added to the downbeat mood.
The U.S. earlier reported 6.4% annualized growth in the first quarter, helping to propel the S&P 500 to a new high. European, S&P 500 and Nasdaq 100 contracts fell. Mixed earnings reports Thursday included disappointments for Ford Motor Co. and Twitter Inc., and gains for Facebook Inc. and Amazon.com Inc.Concerns about chip shortages erased an earnings-driven climb for Apple Inc.
US After Hours AMZN +3.1%, TEAM +5.9%, WDC +5.5% higher on earnings; CRUS -11.4%, TWTR -11.1%, SWKS -7.2%, RMD -6.7%, ETH -6.3% lower on earnings

Nikkei -0.77% Hang Seng -1.51% CSI -0.34% Shanghai -0.59% Shenzen -0.07%

Eur$ 1.2118 CNH 6.4639 CNY 6.4683 JPY 108.84 GBP 1.3946 CHF 0.9090 RUB 74.7711 TRY 8.2241 WTI$ 64.62 -0.60% Gold 1766.35 -0.33% BTC 53,750 +750

S&P -0.40% Nasdaq -0.54% EuroStoxx -0.18% FTSE -0.43% Dax -0.18% SMI -0.16%

Macro :
- Electric-Car Makers Fall Amid Global Warnings on Chip Crisis

Spacs :
- SPACs Would Have to Increase Disclosures Under Republican’s Bill
- ION Acquisition Corp 3 Prices $220m SPAC IPO

Keep an eye on :
- ANA SM : Acciona Seeks EU3.3 Billion Loans Ahead of Energy IPO: Expansion
- ALD FP : ALD to Buy Banco Sabadell Unit To Boost Spain Leasing Business
- AZA IM : Alitalia Risks Missing Summer Travel Bump as Restart Talks Stall
- AMGO LN : Times cites takeover speculation, no specifics
- AMS SW : AMS Plans Job Cuts at Osram’s German Sites: Handelsblatt
- AZN LN : AstraZeneca Struggles With Data Needed for Covid-19 Vaccine's Approval
- ATL IM : Italy’s Lender Improves Bid for Autostrade Before Atlantia Board
- ATL IM : CDP/Blackstone/Macquarie Sent in Refinements for Autostrade Bid
- BESI NA : BE Semiconductor 1Q Gross Margin Misses Estimates
- BEST IM : Cassa Depositi Says CDP Equity’s Offer for Open Fiber Approved
- BMW GY : Ford Supplier Warns Customers Could Seek Chip-Shortage Damages
- BNP FP : BNP Paribas 1Q Net Income Beats Estimates
- BNP FP : BNP Still Committed to Deutsche Bank’s Prime Brokerage Assets
- COTN SW : Comet Share Sale by Holder Covered Within Minutes: Terms
- CSGN SW : Credit Suisse Sues Billionaire Over Rogue-Banker Report
- CSGN SW : Credit Suisse Investors Urge Tighter Coal Finance Policy: Rtrs
- DANSKE DC : Danish Prosecutors Drop Cases Against Danske Ex-Chiefs: Borsen~
- DKSH SW : DKSH Buys 100% of Sacoa; No Financial Terms Disclosed
- ROO LN : DoorDash Goes on European Deal Hunt Just Months After IPO
- EDR US : Ari Emanuel’s Endeavor Rises in Debut After $511 Million IPO
- EBS AV : Erste 1Q Net Income Beats Estimates
- ESG NA : Sponsors Are Betting on Their Own SPACs in Europe: ECM Watch
- ENX FP : Euroclear, SFPI-FPIM to Sell 3m Ex-Right Euronext Shares
- ENI IM : Eni 1Q Adjusted Net Misses Estimates
- FSNT GY : fashionette AG acquires Dutch online retailer Brandfield
- GLJ GY : Grenke FY Net Income EU79.9M Vs. EU135.9M Y/y
- HLAG GY : Hapag-Lloyd Raises Eastbound Rates from Asia to U.S. and Canada
- NK FP : Imerys 1Q Net From Current Ops EU73.3M Vs. EU49.2M Y/y
- JTC LN : JTC Offers GBP65m Shares
- KOG NO : Kongsberg 1Q Ebitda Beats Estimates
- KPN NA : KPN 1Q Adjusted Revenue Matches Estimates
- MTX GY : MTU Aero 1Q Adjusted Ebit Misses Estimates
- NESN SW : KKR to Sell the Bountiful Company to Nestlé for $5.75B
- NRS NO : Norway Food Safety Body Decides Test of Triploid Salmon End 2023
- OR FP : Family Office for $90 Billion Fortune Reshapes Consumer Bets
- PROX BB : Proximus FY Adjusted Ebitda Forecast Misses Estimates
- PSPN SW : PSP Swiss 1Q Net Income CHF88.8M Vs. CHF47.9M Y/y
- RATOB SS : Ratos 1Q EPS SEK5.27 Vs. Loss/Share SEK0.380 Y/y
- RNO FP : Renault Factory Strike Stokes Political Fear for Auto Jobs
- RIB GY : RIB Software 1Q Oper Ebitda EU20.9M Vs. EU15.6M Y/y
- RDSA LN : Methodist Church Sells Shell Shares Over Climate Plans: FT
- SAB SM : Sabadell 1Q Net Income Beats Estimates
- SAA1V FH : Sanoma to Pay ~EU20M of VAT After Finnish Tax Board Ruling
- SAF FP : Safran Maintains FY Organic Adjusted Revenue -2% to -4%
- SGO FP : Saint-Gobain 1Q Sales Beat Estimates
- SAP GY : U.S. Settles With MoneyGram, SAP Over Apparent Sanctions Lapses
- SCATC NO : Scatec 1Q Ebitda NOK631M
- SEBA SS : SEB Bankers Won’t Be Forced Into Full Return to Office, CEO Says
- SCHP SW : Schindler Boosts FY Revenue Forecast
- LIGHT NA : Signify FY Adjusted Ebita Margin Forecast Beats Estimates
- SPIE FP : Spie 1Q Ebita Margin 3.7% Vs. 3.60% Y/y
- STR AV : Strabag FY Dividend Per Share Beats Estimates
- SREN SW : Swiss Re 1Q Net Income Beats Estimates
- VLK NA : Van Lanschot Kempen 1Q Total Client Assets EU115.2B
- VOW3 GY : VW Plans to Start Developing Own Performance Chips: Handelsblatt
- VOW3 GY : VW Brand 1Q Electric-Car Sales Almost Doubled From a Year Ago
- VOW3 GY : Volkswagen Probed By SEC Over ‘Voltswagen’ Joke: Spiegel
- WCH GY : Wacker Chemie 1Q Ebitda Beats Estimates
- WHA NA : Wereldhave Arranges New EU120M Green Revolving Credit Facility
- WPP LN : WPP cancels share awards to Martin Sorrell over media leaks

>>> Europe : Brokers Upgrades & Downgrades - 30th of April 2021

>>> Up
* Airbus Raised to Hold at SocGen
* Aixtron Raised to Buy at Berenberg; PT 20 euros
* Dassault Aviation Raised to Buy at SocGen; PT 1,047 euros
* Hexagon Raised to Hold at Handelsbanken; PT 900 kronor
* Johnson Matthey Raised to Buy at HSBC; PT 3,750 pence
* K2a Knaust & Andersson Fastigheter Raised to Buy at Carnegie
* Kering Raised to Outperform at Bernstein; PT 779 euros
* Meggitt Raised to Hold at SocGen; PT 499 pence
* Merlin Properties Raised to Buy at JB Capital Markets
* MTU Aero Raised to Hold at SocGen; PT 206 euros
* Nordea Bank Raised to Buy at Arctic Securities; PT 98 kronor
* Rovio Raised to Hold at SEB Equities; PT 6.60 euros
* SAF-Holland SE Raised to Outperform at Oddo BHF; PT 16 euros
* Safran Raised to Hold at SocGen; PT 125 euros
* SAS Cut to CCC by S&PGR Citing ‘Unsustainable’ Capital Structure
* Straumann Raised to Overweight at JPMorgan
* Subsea 7 Raised to Buy at SEB Equities; PT 95 kroner
* Umicore Raised to Buy at HSBC; PT 56 euros

>>> Down
* Accor Cut to Sell at Berenberg; PT 27.50 euros
* Borregaard Cut to Hold at Carnegie; PT 180 kroner
* DWS Cut to Equal-Weight at Morgan Stanley; PT 41.30 euros
* Eltel Cut to Hold at Carnegie; PT 28.50 kronor
* Intershop Cut to Hold at Stifel; PT 660 Swiss francs
* Lundin Energy Cut to Hold at Berenberg; PT 280 kronor
* Musti Group Cut to Hold at Carnegie; PT 30 euros
* STMicroelectronics Cut to Hold at Liberum
* Olvi Cut to Hold at SEB Equities; PT 52 euros

>>> Initiation
* Desert Control Rated New Buy at Arctic Securities
* Moncler Resumed Buy at Citi; PT 59 euros

>>> Call
* Aixtron Attractive After Post-Earnings Fall, Berenberg Says
* Hexagon Attractive Versus Peers, Stock Upgraded at Handelsbanken
* Lundin Energy Valuation ‘In Line’ After Good 1Q: Berenberg
* Saint-Gobain 1Q Growth Strong, Little on Strategy: Jefferies

FT : Music from Proust’s Salons: a delectable array of French salon music

Music from Proust’s Salons: a delectable array of French salon music
Duo Steven Isserlis and Connie Shih draw inspiration from the French writer’s favourite composers

The power of music to evoke half-forgotten memories echoes down the years in Marcel Proust’s expansive novel À la recherche du temps perdu. A “little phrase” in a sonata by the fictional composer Vinteuil is said to have set off a multitude of connections, like a man who dreams “a thousand things and at once forgets them”.

Proust was a lover of music and his correspondence with the leading French composers of his day expresses his admiration for them in no uncertain terms. This was the elegant age of the Parisian salon, where the intellectual elite would gather to be entertained by performances of poetry, drama and music.


Cellist Steven Isserlis — accompanied with style by pianist Connie Shih — has brought together a collection of the kind of music that might have been heard. It is not a reconstruction of any particular occasion, more a fictional event in its own right, drawing on the composers of Proust’s time that he was known to enjoy the most.

The main pillars of the programme are a pair of high-romantic French cello sonatas. The Cello Sonata No 1 by Saint-Saëns, by all accounts a prickly guest at salon evenings, is stormy, not calming after-dinner entertainment. In Isserlis's hands Franck’s well-known Violin Sonata, performed in the transcription for cello, is as much about inner calm as frenetic passion. The rest of the programme includes a delectable array of French salon items by Hahn (Proust’s sometime lover), his favourite Fauré, and more.

FT : Cobalt price jump underscores reliance on metal for electric vehicle batter

Cobalt price jump underscores reliance on metal for electric vehicle batteries
Supply chain for rare commodity is constrained and linked with human rights abuses

The price of cobalt has jumped 40 per cent so far this year on persistent demand from electric vehicle makers, underlining the challenge in reducing reliance on the rare metal to make batteries for longer-range cars.

Electric carmakers including Tesla and Volkswagen have pledged over the coming years to reduce their use of cobalt, which is largely dependent on mining in the Democratic Republic of Congo, deterred by human rights abuses in the supply chain and by the high price.

Prices for the world’s most expensive battery metal hit their highest level since January 2019 in March — at $25 a pound — and currently hover around $21, according to data company Fastmarkets. Analysts at RBC say they expect cobalt prices to reach $28.50 a pound this year, and rise to $40 in 2024 as alternatives are expected to remain scarce.

After a 40 per cent rise in 2020, electric car sales more than doubled in the first quarter of 2021 compared with the same period a year earlier, according to the International Energy Agency. “The supply side is not reacting right now,” said Michael Widmer, an analyst at Bank of America. “So I forecast really big deficits potentially, which begs the question, where will the cobalt come from?”

“The growth in EV volumes is drowning any effect of substitution. Range anxiety still hasn’t gone away,” he added.

More than 60 per cent of the world’s cobalt supply comes from the Democratic Republic of Congo, where production is dominated by Chinese companies and London-listed Glencore.

This month China’s largest battery maker, CATL, said its subsidiary had bought a share in an undeveloped copper and cobalt project in the DRC for $138m, in an indication of future demand for the metal.

“They are not going to be investing in a mining operation unless they have pretty good visibility that they will need the cobalt,” Caspar Rawles, an analyst at consultancy Benchmark Mineral Intelligence, said.



But hundreds of individual miners also account for a large slice of supply. Allegations of child labour have deterred car companies from buying cobalt from the DRC, where an estimated 15 per cent of supply is mined by hand, often by children. BMW has said it would buy cobalt only from mines in Australia and Morocco for this reason.

Last month the Congo’s government moved to crack down on abuses by launching a new government entity tasked with buying all of the hand-mined supply and developing controlled cobalt mining zones.

The Entreprise Générale du Cobalt will eliminate child labour in the mining sector and also trace the cobalt as it moves into the manufacturing process, according to the company’s managing director Jean-Dominique Takis Kumbo, and is looking to sign deals with major carmakers.

“The child labour is not slavery, it is livelihood” in poor communities, he said. “We need to respond to all these concerns — to take out the children is a must. And that is absolutely the first intention. Then we need to ensure that the population that are making their livelihood out of the minerals can make a more sustainable income.”

While a growing number of electric cars in China, the world’s largest EV market, are using an alternative lithium-iron phosphate (LFP) chemistry that does not use cobalt or nickel, but this has been outweighed by growth in global demand for more powerful batteries.

“I still think cobalt will be an important battery material going forward,” said William Adams, head of base metals and battery research at Fastmarkets. “Even though there will be less cobalt in batteries it will still put production under strain because of the vast uptake in EVs and energy storage.”

Tesla’s Model 3 cars produced at its Shanghai factory mostly use the alternative lithium-iron phosphate batteries. BYD, a Chinese automaker, said that all its models would use these batteries and Volkswagen said last month it would use LFP batteries for its entry-level models globally from 2023.

Still, LFP batteries accounted for only 14 per cent of battery energy stored globally in February, according to consultancy Rho Motion. It expects this to reach between 15 to 20 per cent by 2030, mostly in smaller cars.

The EGC has partnered with the Swiss commodity trader Trafigura, which will market the cobalt to international buyers. Cleaning up the cobalt supply should help make it more palatable to car buyers, according to James Nicholson at Trafigura.

“Artisanal production is absolutely required if we are to meet these aggressive targets that have been set in terms of reduced emissions,” he said.

Cobalt prices are notoriously volatile. They rose to $45 a pound in 2018 before falling to a low of $12 a pound the following year. Glencore, the world’s largest cobalt producer, which supplies Tesla among others, shut down its Mutanda mine in the Congo in the summer of 2019 due to low prices. Prices may need to get above $25 for more large mines to enter production, according to Widmer at Bank of America.

WSJ : Boeing’s Latest 737 MAX Problem Spurs FAA Audit

Boeing’s Latest 737 MAX Problem Spurs FAA Audit
Agency is reviewing how a minor change in Boeing production led to a new safety issue for the jet, following a nearly two-year grounding

U.S. air-safety regulators have launched an audit into how a Boeing Co. BA 0.20% factory tweak led to a safety problem with some of the plane maker’s 737 MAX aircraft, two years after a pair of fatal crashes prompted other fixes to the jet.

The Federal Aviation Administration on Thursday said it is investigating why Boeing missed that a minor production change involving drilled holes wound up as the root of potential electrical problems.

The audit is expected to delve into issues beyond those addressed by a typical agency review of such problems. Regulators plan to examine how other minor production changes were handled, people familiar with the matter said.

The FAA will examine “Boeing’s process for making minor design changes across its product line, with the goal of identifying areas where the company can improve,” the agency said after The Wall Street Journal reported the audit.

The review could lead to changes in the agency’s oversight, the FAA indicated.

A Boeing spokesman said the company looks forward to direction from the FAA as the plane maker continues to “improve safety and quality in our processes.” He said Boeing is working with the agency and airlines to address the 737 MAX electrical issue.

The FAA’s oversight of Boeing has been a focus of U.S. lawmakers after two fatal 737 MAX crashes in late 2018 and early 2019 took 346 lives. Regulators grounded the global fleet for nearly two years while hammering out software and other fixes. When the FAA approved the aircraft to again carry passengers last November, Administrator Steve Dickson called the 737 MAX the “most scrutinized” airliner in history.

Five months later, when the electrical problem emerged, Boeing recommended airlines take 109 of the jets—about a quarter of the global MAX fleet—out of service. The FAA has said it would mandate fixes to an “urgent safety issue” Boeing flagged before the affected jets can resume passenger flights.

The seriousness of the risk to flights posed by the electrical issue hasn’t been clear-cut, according to people familiar with discussions about the potential problems.

After Boeing identified the electrical issue, engineers determined it affected a standby power supply unit and a rack located behind the first officer’s seat, as well as the cockpit’s main instrument panel, according to the FAA. One potential side effect, people familiar with the matter said, could result in flight crews being unaware that the plane’s anti-icing systems aren’t working. Ice buildup can cause engine flameouts, or temporary shutdowns.

The FAA, in a directive issued this week, said the electrical issue could result in the “loss of critical functions and/or multiple simultaneous flight deck effects, which may prevent continued safe flight and landing.” The FAA said the issue affected 109 aircraft, three more than previously disclosed.

Mr. Dickson has said that routine issues will inevitably arise with MAX aircraft, as they do with other commercial aircraft. In this case, the FAA said, U.S. aviation safeguards worked. “The multilayered safety oversight system caught this issue, and the FAA, operators and Boeing took action to mitigate the issue prior to an incident or accident,” the FAA said this week.

Boeing is also conducting its own review, according to an internal April 19 FAA document viewed by the Journal and people familiar with the matter.

The early 2019 production change at the root of Boeing’s current 737 MAX predicament involves a shift to drilling one set of holes instead of two when installing certain cockpit components, people familiar with the matter said.

Previously, factory workers first drilled initial so-called pilot holes, primed and then drilled a second set of holes. The second set of holes stripped away the primer, allowing metal to touch metal and thus providing a protective “grounding path” for electrical current. By only drilling a single set of holes, the primer got in the way of that safeguard. The aim was to make the manufacturing process more efficient, some of the people said.

The manufacturing change wasn’t significant enough to warrant regulatory approval, according to the FAA. Senior FAA officials, however, believe Boeing should have caught the unintended consequence, people familiar with the matter said.

The 737 MAX’s electrical issue first surfaced in early February when a newly produced jet wouldn’t start for Boeing pilots after it rolled out of the factory, according to people familiar with the matter.

The 737 MAX’s latest grounding is the third time Boeing commercial jets have been pulled from service in less than a year. Boeing voluntarily grounded eight Dreamliners last year due to a combination of production defects. The company also grounded certain 777s after an engine failed and its cover broke apart over Colorado earlier this year. Some industry officials said Boeing’s moves to voluntarily ground its aircraft reflect a more conservative approach to safety in the wake of the earlier MAX crashes.

The grounding has complicated operations for U.S. airlines as domestic air travel demand picks up along with rising Covid-19 vaccination rates. Still, airline executives said they have enough spare aircraft and hoped to soon return their grounded planes to service after what they expect to be straightforward fixes.

The voluntary grounding doesn’t affect all 737 MAXs in airlines’ fleets. Carriers had 459 of the jets in service or in storage as of April 7, according to aviation data provider Ascend by Cirium.

Airline maintenance workers are expected to add so-called bonding straps, comparable to jumper cables, to resolve the electrical issue, people familiar with the matter said.

American Airlines Group Inc. President Robert Isom said he was confident the 737 MAX “is going to be in the skies and the safest and most reliable for years to come.”

WSJ : Dozens Killed in Stampede at Israeli Religious Festival

Dozens Killed in Stampede at Israeli Religious Festival
The tragedy occurred during celebration of Jewish holiday Lag b’Omer

TEL AVIV—At least 38 people were killed in a stampede at a religious bonfire festival in northern Israel early Friday, Israel’s national emergency service said.

Israeli Prime Minister Benjamin Netanyahu called the incident “a terrible disaster,” and Israel’s military dispatched medical teams and an elite rescue unit to assist with evacuating casualties and providing treatment.

Magen David Adom, the emergency medical service, said it had evacuated 103 injured people to local hospitals, including more than 20 in severe condition.

Dozens of ambulances were on scene where military and emergency-service officials set up a field hospital. Rescue workers could be seen on television and video clips shared on social media running into the site trying to navigate large crowds of people.

Yossi Goldhirsh, who was at the scene with his children, told Israel’s Ynet news that shortly after the ceremonial fire was lighted he could see “waves of people being run over and crushed.”

The exact cause of the disaster couldn’t immediately be determined but MDA officials were attributing it to a stampede caused by overcrowding.

Israel’s cabinet had approved a plan for the events on Mount Meron in the northern Galilee, where thousands go annually for Lag b’Omer, a Jewish holiday celebrated with the lighting of large bonfires.

Under the plan, the event wasn’t to be capped at 100 people as is required under Covid-19 regulations. Religious affairs ministry officials had agreed that only those with a green passport—a document that showed the holder had been fully vaccinated against the coronavirus—would be allowed to attend, but health officials and others involved with the planning acknowledged ahead of time it would be nearly impossible to enforce any sort of cap on attendees or check their health status.

Organizers estimated that some 100,000 people were at the site by midnight Thursday. Videos from the scene before the stampede showed thousands jumping up and down in a makeshift arena set up at the event site.

Few appeared to be wearing masks, which aren’t required outside anymore as about 60% of Israel’s population is fully vaccinated.

Many of those present at the site were ultra-Orthodox Jews, who were at Mount Meron to honor Rabbi Shimon Bar Yochai, a second-century sage and mystic buried at the site.

The overnight disaster is likely to make the efforts of Mr. Netanyahu to form a government increasingly difficult. Facing a Tuesday deadline to form a ruling coalition of political parties, Mr. Netanyahu has so far failed to convince enough of his preferred right-wing and religious partners to join him. His opponents have found common cause in rallying against Mr. Netanyahu, and some have opposed his close ties with Israel’s ultra-Orthodox parties. Mr. Netanyahu faced criticism throughout the pandemic for not doing enough to enforce coronavirus restrictions, particularly among Israel’s ultra-Orthodox community.

The minister in charge of the police tasked with regulating the religious event where the stampede took place is Amir Ohana, a member of Mr. Netanyahu’s party, Likud, and a close Netanyahu ally. In the days leading up to the event, health officials had voiced concerns that it would be difficult to regulate the first big religious gathering to be held legally since Israel has lifted most coronavirus regulations. Under agreements reached by the government, religious officials were left to enforce any restrictions largely under an honor system.

The police sent 5,000 officers to Mount Meron on Thursday to oversee the large gathering.

The stampede appeared to be one of the worst peacetime tragedies in Israel’s history. Photos from the scene showed more than a dozen bodies lined up on the ground, wrapped in tarps.

Moshe Levi, from the ultra-Orthodox town of Bnei Brak, told Israel’s Kan news from his hospital bed that organizers “tried very hard to make it good,” but there was a lot of pressure to let the event proceed without restrictions.

The event in previous years has drawn as many as 250,000 people. This year only 10,000 people at a time were to be permitted to enter the main celebration area, but photos from the scene showed many more had gathered there.

Write to Felicia Schwartz at Felicia.Schwartz@wsj.

>>> US After Hours Summary: AMZN +3.1%, TEAM +5.9%, WDC +5.5% higher on earnings

After Hours Summary: AMZN +3.1%, TEAM +5.9%, WDC +5.5% higher on earnings; CRUS -11.4%, TWTR -11.1%, SWKS -7.2%, RMD -6.7%, ETH -6.3% lower on earnings

After Hours Gainers:

Companies trading higher in after hours in reaction to earnings/guidance: FIVN +6.7%, TEAM +5.9%, WDC +5.5%, ENVA +5.4%, TXRH +4.7%, MITK +4.2%, FTNT +3.9%, GFF +3.8%, CRY +3.6%, FBHS +3.6%, TEX +3.6%, EHTH +3.3%, AMZN +3.1%, BIO +2.7%, ZEN +2.7%, SWN +2.1%, NATI +1.6%, SKYW +1.6%, EMN +1.5%, HTGC +1.3%, DLR +1.2%, MHK +1%, BZH +0.9%, VRTX +0.8%, GNW +0.7%, COG +0.4% (also increases dividend by 10%), OFC +0.4%, ONTO +0.3%, WSC +0.3%, ROG +0.3% (also names new CFO), FSLR +0.2%, VCRA +0.2% (also to acquire PatientSafe Solutions), MGNX +0.2%, ACA +0.1%, DVA +0.1%, INT +0.1%, PEB +0.1%, VICI +0.1%

Companies trading higher in after hours in reaction to news: LAUR +9.8% (DOJ's examination of Walden University's nursing program has concluded), XERS +6.2% (receives UK MHRA approval of Ogluo injection), B +0.3% (names new CFO), PII +0.3% (announces $1 bln share repurchase auth), MRO +0.3% (increases dividend)

After Hours Losers:

Companies trading lower in after hours in reaction to earnings/guidance: MVIS -17.2%, CRUS -11.4%, TWTR -11.1%, SWKS -7.2%, RMD -6.7%, ETH -6.3%, DXCM -6%, AJG -5.5%, CACC -5.3% (also CEO to retire), LLNW -5.2%, NPTN -5.2%, EBS -4.9%, COLM -3.4%, PACB -2.9%, GILD -2.6%, SM -2.6%, KLAC -2.5%, SGEN -1.9%, ATR -0.9%, HP -0.8%, MDRX -0.8%, LMAT -0.7%, X -0.7%, EVTC -0.5% (also announces mgmt changes, including new COO), NIO -0.4%, ATGE -0.2%, BMRN -0.2%, FTV -0.2%, CUZ -0.1%, FHI -0.1%, TRUP -0.1%

Companies trading lower in after hours in reaction to news: ARDX -14.5% (announces 3-mo extension of PDUFA review period for tenapanor), PHAT -4.5% (announces top-line results from Phase 3 PHALCON-HP trial), FISV -1.4% (announces 20 mln share offering by New Omaha Holdings), BLMN -0.6% (CEO says first four weeks of Q2 were higher than 2019, according to CNBC), ACC -0.5% (files mixed securities shelf offering), TEVA -0.3% (launches first generic version of Absorica capsules), BBY -0.3% (COO to depart)