TheChek News Flow

Gapping down
In reaction to disappointing earnings/guidance:

• STMP -51.2% (will discontinue its exclusive partnership with USPS), KHC -22.3% (also discloses receipt of SEC subpoena and declares lowered quarterly dividend), CASA -18.5% (also to acquire NetComm Wireless for approximately A$161 mln), MDRX -15.8%, NHTC -15% (also voluntarily decided to temporarily suspend member activities), AAOI -12.3%, UCTT -11.6%, BJRI -9.6%, EGO -9.3%, TGH -8%, APPN -7.1%, NVRO -7.1%, DBX -6.8%, FSLR -5.7%, INFN -5.2%, EVRG -4.8%, BEAT -4.4%, CENX -4.2%, RMAX -3.4%, BMRN -3.3%, VERI -2.9%, STAA -2.5%, LNT -2.3%, B -1.9%, PE -1.6%, CWST -1.4%, ANIK -1.2%, PSO -0.8%

Select KHC peers showing weakness:

• CPB -3.5%, GIS -3.2%, K -2.2%, MDLZ -2%

Other news:

• ARLO -2% (files 10K which contains certain adjustments to Q4 results; guidance reiterated)
• WAB -1.5% (will replace Goodyear Tire in the S&P 500)
• CSIQ -0.8% (following FSLR results)

Analyst comments:

• XNCR -4.8% (downgraded to Reduce from Neutral at Nomura/Instinet)
• TNK -2.8% (downgraded to Underweight from Neutral at JP Morgan)
• FIT -2.1% (downgraded to Neutral from Outperform at Wedbush )
• ELVT -2.1% (downgraded to Neutral from Buy at UBS)
• LRCX -2% (downgraded to Equal-Weight from Overweight at Morgan Stanley)
• JWN -1.8% (downgraded to Hold from Buy at Deutsche Bank)
• CWST -1.4% (downgraded to Hold from Buy at Stifel)
• CONE -1.3% (downgraded to Hold from Buy at Jefferies)
• FIVE -1% (downgraded to Neutral from Overweight at JP Morgan)
• QLYS -1% (downgraded to Hold from Buy at Berenberg)

Gapping up
In reaction to strong earnings/guidance:

• BOOM +17.7%, XOG +16.8% (also files 437.5k share common stock offering by selling stockholder) TTD +14.6%, TXMD +11%, W +10.1%, SWM +9.6%, PAGS +9.4%, CATM +8.7%, OLED +6.8%, ROKU +6%, FIX +5.4% (also increases quarterly dividend; to acquire Walker TX Holding Company), COLD +5.1%, TI +4.9%, HMSY +4.8%, ATUS +4.1%, BYD +4%, CYTK +4%, CUBE +3.6%, RUTH +3.1%, CNK +3%, ZG +2.9%, MGA +2.9%, HTGC +2.4%, ASIX +2.4%, KL +2.1%, ACIA +2%, KEYS +1.8%, ITT +1.8%, HPE +1.7%, BIDU +1.5%, TVPT +1.3%, IQ +1%

M&A news:

• NEM +3.7% (Newmont Mining: Barrick Gold (GOLD) considering hostile takeover of NEM, according to Globe and Mai)

Other news:

• KNDI +5% (attributed to upcoming 60 Minutes piece on China electric cars)
• ARAY +3.4% (announces data from an international, randomized, 38-center trial show that treatment with SBRT results in a similar safety profile to conventional radiation in men with low- or intermediate-risk prostate cancer)
• PCG +2.5% (extending this week's rebound)
• NIO +2.1% (attributed to upcoming 60 Minutes piece on China electric cars)
• WIFI +1.9% (appoints Mike Finley as CEO, effective March 18; company reaffirms FY18 financial guidance)
• HK +1.1% (announces resignations of Chairman and CEO Floyd Wilson and of CFO Mark Mize)
• PXD +0.8% (CEO, Timothy L. Dove, to retire; Scott D. Sheffield, Chairman of the Board, will return to his former role as CEO)
• CGC +0.8% (Alimentation Couche-Tard entered into a multi-year agreement with CGC) GT +0.6% (to join S&P MidCap 400)

Analyst comments:

• LSCC +5.6% (initiated with a Outperform at Cowen)
• NDLS +4.3% (upgraded to Buy from Hold at Jefferies)
• MNKD +4.1% (initiated with a Outperform at SVB Leerink)
• INTC +2.8% (upgraded to Overweight from Equal-Weight at Morgan Stanley)
• PLNT +2.2% (upgraded to Buy from Hold at Jefferies)
• NVDA +1.3% (initiated with a Overweight at Atlantic Equities)
• STM +1.2% (initiated with a Outperform at Cowen)
• C +1.1% (upgraded to Buy from Hold at Jefferies)
• UTX +0.8% (upgraded to Overweight from Neutral at JP Morgan)