UP AFTER EARNINGS: Adobe (ADBE), up 2%. ALSO HIGHER: Snap (SNAP), up 2% after JMP Securities analyst Ronald Josey upgraded the stock to Outperform from Market Perform with a $20 price target. The analyst is "incrementally confident" in Snap's ability to grow its user base, increase engagement, and improve overall monetization as the service attracts more advertisers and share of advertising budgets... Xperi (XPER), up 2% after raising Q4 and FY19 billings outlook... Exelixis (EXEL), up 4% after Genentech announced the Phase III IMspire150 study met its primary endpoint of progression-free survival. In late 2006, Exelixis entered into a worldwide collaboration agreement with Genentech, under which Exelixis received initial upfront and milestone payments for signing the agreement and submitting the IND... Sarepta (SRPT), up 32% after announcing that the FDA has approved VYONDYS 53, an antisense oligonucleotide indicated for the treatment of Duchenne muscular dystrophy in patients with a confirmed mutation amenable to exon 53 skipping. DOWN AFTER EARNINGS: Oracle (ORCL), down 2%... Broadcom (AVGO), down 1%. ALSO LOWER: Patterson-UTI (PTEN), down 2% after JPMorgan analyst Sean Meakim downgraded shares to Underweight from Neutral with a price target of $6, down from $7... Anixa Biosciences (ANIX), down 2% after announcing optimization work for its CAR-T therapy may take an additional year, resulting in the filing of the IND in late 2020, with clinical trials to commence in 2021... Aquestive Therapeutics (AQST), down 18% after its 7M share secondary priced at $5.00 per share.