Morning Stock Prep – Watchlist for May 8, 2019
Morning Stock Prep – Watchlist for May 8, 2019
Interesting Video from Bloomberg this morning on China-US talks. (on the home page) Let’s see if this market starts to stabilize and move forward past these tariff talks. The rest of the week will be volatile and very news driven so be careful, look for momentum on stocks that would have minimal impact by tariffs or the China-US deal.
Instead of a watchlist, I’ll watch a few of yesterday’s movers, winners and losers to see if any momentum sets up and continues.
Bridgeline Digital Inc (NASDAQ: BLIN) shares climbed 32.8 percent to $8.20 after the company announced a multi-year license renewal agreement with a global biopharmaceutical company to power its mission-critical websites.
Cohu, Inc. (NASDAQ: COHU) rose 24.3 percent to $19.23 after reporting Q1 results.
SolarEdge Technologies, Inc. (NASDAQ: SEDG) rose 18.6 percent to $52.05 after the company reported higher-than-expected Q1 EPS and sales results. The company also issued Q2 sales guidance.
ARCA biopharma, Inc. (NASDAQ: ABIO) shares gained 18.5 percent to $13.48.
Itron, Inc. (NASDAQ: ITRI) climbed 17.5 percent to $62.83 after the company reported better-than-expected Q1 EPS and sales. Baird also upgraded the stock from Neutral to Outperform.
Akoustis Technologies Inc. (NASDAQ: AKTS) shares gained 13.9 percent to $7.29 after the company announced its first pre-production order for its 5.6 GHZ XBAW WiFi RF filter.
Ducommun Incorporated (NYSE: DCO) gained 13.2 percent to $48.26 after the company reported better-than-expected Q1 results.
EverQuote, Inc. (NASDAQ: EVER) rose 13.3 percent to $10.44 after the company reported Q1 EPS and sales up from last year.
Ritter Pharmaceuticals Inc (NASDAQ: RTTR) gained 12.7 percent to $0.98 after the company completed dosing of last patient in pivotal Phase 3 clinical trial of RP-G28 for the potential treatment of Lactose Intolerance.
Servicemaster Global Holdings Inc (NYSE: SERV) rose 12.5 percent to $55.53 after the company reported better-than-expected Q1 EPS and sales, and issued FY19 sales guidance in line with estimates.
Akorn, Inc. (NASDAQ: AKRX) rose 11.6 percent to $3.38 after the company reported upbeat Q1 results and issued strong FY19 sales outlook.
Cray Inc. (NASDAQ: CRAY) gained 11.4 percent to $29.22.
Veeco Instruments Inc. (NASDAQ: VECO) gained 10.6 percent to $14.34 after reporting upbeat Q1 results.
Central Garden & Pet Company (NASDAQ: CENTA) rose 10.5 percent to $26.29 following Q2 earnings.
Vivint Solar, Inc. (NYSE: VSLR) rose 8.7 percent to $6.72.
Moleculin Biotech Inc (NASDAQ: MBRX) climbed 8.6 percent to $1.43 after the company announced additional positive interim results in first cohort of Phase 1/2 clinical studies of Annamycin in acute myeloid leukemia in Europe.
Beyond Meat, Inc. (NASDAQ: BYND) gained 8.6 percent to $81.25.
Planet Green Holdings Corp. (NYSE: PLAG) shares rose 8.3 percent to $4.55.
Avid Technology, Inc. (NASDAQ: AVID) surged 8 percent to $10.04 after the company reported better-than-expected Q1 EPS and sales.
Carolina Trust BancShares, Inc. (NASDAQ: CART) shares rose 8 percent to $8.85.
TopBuild Corp (NYSE: BLD) gained 7.4 percent to $79.35 after the company reported better-than-expected Q1 EPS and sales, and issued strong FY19 sales guidance.
Adient plc (NYSE: ADNT) shares fell 7 percent to $22.64 after reporting Q2 results.
American International Group, Inc. (NYSE: AIG) rose 6.3 percent to $50.05 after the company reported stronger-than-expected earnings for its first quarter.
Clarus Corp (NASDAQ: CLAR) rose 6.2 percent to $14.46 after reporting a first-quarter earnings beat.
Israel Chemicals Ltd. (NYSE: ICL) shares rose 5.5 percent to $5.39 after reporting Q1 earnings.
GW Pharmaceuticals plc (NASDAQ: GWPH) shares rose 5.3 percent to $189.56 after the company reported positive results from an Epidiolex trial.
Auris Medical Holding Ltd (NASDAQ: EARS) gained 5.3 percent to $5.31 after the company reached the midpoint for enrollment in its Phase 1b proof-of-concept trial of AM-201, the company’s investigational drug for the prevention of antipsychotic-induced weight gain and somnolen.
Dean Foods Co (NYSE: DF) gained 4.8 percent to $1.76 after the company issued a Q1 miss but upbeat FY19 guidance.
Ferrari N.V. (NYSE: RACE) rose 4.2 percent to $137.71 after the company reported better-than-expected Q1 financial results.
US Foods Holding Corp (NYSE: USFD) rose 3.9 percent to $38.19 after the company announced better-than-expected results for its first quarter.
Crocs, Inc. (NASDAQ: CROX) gained 3.1 percent to $29.22 after the company reported better-than-expected Q1 EPS and sales.
Check out these big penny stock gainers and losers
Catalyst Pharmaceuticals, Inc. (NASDAQ: CPRX) dipped 40.4 percent to $3.6400 after the FDA approved the company’s competitor to its Firdapse drug.
Intersect ENT, Inc. (NASDAQ: XENT) fell 21.5 percent to $26.03 after SVB Leerink downgraded the stock from Outperform to Market Perform and lowered the price target from $41 to $29 following the company report of worse-than-expected Q1 EPS. The company also cut FY19 sales guidance.
Nautilus, Inc. (NYSE: NLS) tumbled 17.8 percent to $4.34 after the company reported worse-than-expected Q1 EPS and sales results.
Mylan NV (NASDAQ: MYL) dipped 17.3 percent to $23.38 after the company reported mixed Q1 EPS and sales results.
Glu Mobile Inc. (NASDAQ: GLUU) dropped 17 percent to $ 9.31 after reporting a first-quarter earnings miss.
Lannett Company, Inc. (NYSE: LCI) shares dipped 15.6 percent to $7.66 following Q3 results.
Ovid Therapeutics Inc. (NASDAQ: OVID) fell 15.4 percent to $1.8101 following weak quarterly earnings.
Tuesday Morning Corporation (NASDAQ: TUES) fell 14.1 percent to $1.83 after the company reported Q3 results and raised its FY19 loss guidance.
Industrea Acquisition Corp. (NASDAQ: BBCP) dipped 13.8 percent to $5.61 after reporting a 15 million share common stock offering.
Phibro Animal Health Corporation (NASDAQ: PAHC) dropped 13.1 percent to $ 32.02 after the company reported worse-than-expected Q3 financial results and lowered its 2019 EPS expectations.
Kornit Digital Ltd. (NASDAQ: KRNT) dipped 13.1 percent to $24.47 after Spruce Point Capital published a ‘Strong Sell’ report on the stock.
TherapeuticsMD Inc (NASDAQ: TXMD) shares fell 12.3 percent to $3.99 after the company reported worse-than-expected Q1 sales results.
HighPoint Resources Corporation (NYSE: HPR) dropped 12.3 percent to $2.3150 following Q1 results.
IAMGOLD Corporation (NYSE: IAG) fell 12.2 percent to $2.5550 following Q1 earnings.
Greenlight Capital Re, Ltd. (NASDAQ: GLRE) dropped 12.1 percent to $10.86 following Q1 results.
Viomi Technology Co., Ltd (NASDAQ: VIOT) tumbled 11.7percent to $10.30.
Navios Maritime Holdings Inc. (NYSE: NM) dropped 11.6 percent to $4.1301.
Sterling Construction Company, Inc. (NASDAQ: STRL) fell 11.2 percent to $12.29 after reporting weak Q1 results.
Invacare Corporation (NYSE: IVC) dropped 11.1 percent to $6.91 after the company reported a worse-than-expected Q1 EPS and sales. The company also reaffirmed their FY19 guidance.
Mueller Water Products, Inc. (NYSE: MWA) tumbled 10.6 percent to $9.57 after reporting downbeat Q2 results.
Health Insurance Innovations, Inc. (NASDAQ: HIIQ) dropped 10.6 percent to $23.11 after the company reported lower-than-expected Q1 EPS and sales results.
AMAG Pharmaceuticals, Inc. (NASDAQ: AMAG) fell 10.2 percent to $10.68 following weak quarterly results.
LGI Homes, Inc. (NASDAQ: LGIH) fell 9.8 percent to $63.96 following downbeat Q1 results.
Insmed Incorporated (NASDAQ: INSM) fell 9.5 percent to $29.12 after the company reported mixed Q1 financial results.
Del Frisco’s Restaurant Group, Inc. (NASDAQ: DFRG) dropped 9.2 percent to $6.02 following weak quarterly sales.
Adient plc (NYSE: ADNT) fell 9.1 percent to $22.14 after the company reported worse-than-expected Q2 EPS and sales results.
Aramark (NYSE: ARMK) fell 8.6 percent to $28.61 after the company reported worse-than-expected Q2 EPS and sales, and issued weak FY19 EPS guidance.
Fred’s, Inc. (NASDAQ: FRED) dipped 7.2 percent to $0.5939 after the company reported a worse-than-expected Q4 EPS results.
Novanta Inc. (NASDAQ: NOVT) dropped 7 percent to $81.35 after the company issued worse-than-expected Q2 EPS guidance.
Vericel Corporation (NASDAQ: VCEL) fell 4.6 percent to $17.55 after reporting weak Q1 results.
Denbury Resources Inc. (NYSE: DNR) fell 4.4 percent to $1.97 after the company reported worse-than-expected Q1 sales results.
Expeditors International of Washington (NASDAQ: EXPD) dropped 4.2 percent to $75.44 after the company reported mixed Q1 results, with a EPS miss and a sales beat.
MannKind Corporation (NASDAQ: MNKD) dropped 4 percent to $1.49 after the company reported a $50 million common stock offering. The company also reported better-than-expected Q1 results.
Today’s Upgrades and Downgrades.
AVB: NEUTRAL @ Mizuho
CHSP: NEUTRAL @ Baird
FTV: EQUALWEIGHT @ MS
GSKY: NEUTRAL @ Guggenheim
INGN: NEUTRAL @ JPM
LPLA: NEUTRAL @ Compass
MYL: MARKET PERFORM @ WFC
SRC: HOLD @ DB
TWOU: NEUTRAL @ CS
UIHC: MARKET PERFORM @ WFC
X: SELL @ UBS
Remember to BE CAREFUL – the rest of this week will be very news driven and you can have huge spikes or drops in the market. Perfect example just happened… Trump tweeted and the SPY jumped $1.80 and then started to pull back.
Trump’s morning Tweet
The reason for the China pullback & attempted renegotiation of the Trade Deal is the sincere HOPE that they will be able to “negotiate” with Joe Biden or one of the very weak Democrats, and thereby continue to ripoff the United States (($500 Billion a year)) for years to come….Guess what, that’s not going to happen! China has just informed us that they (Vice-Premier) are now coming to the U.S. to make a deal. We’ll see, but I am very happy with over $100 Billion a year in Tariffs filling U.S. coffers…great for U.S., not good for China! — PRESIDENT TRUMP