Fly Intel: After Hours Movers » 19:1202/2702/27/20
SCOR, FTCH, ZYXI, SWN, ICAD, NPTN, AMC, TTD, NKTR, FTAI, WDAY, LYV, OPRX, SGMO, FTSV, BHVN, GDI, BIG, GPOR, BYND, RUN, CHRS, GKOS, AAOI, VMW, EB, AAXN, MYL, IQ, SPPI, DELL, CARA, ADSK, RIGL, PSTG, BBBY
UP AFTER EARNINGS:…
UP AFTER EARNINGS: comScore (SCOR) up 20.5%... Farfetch (FTCH) up 15.7%... Zynex (ZYXI) up 11.6%... Southwestern Energy (SWN) up 10.0%... iCAD (ICAD) up 10.0%... NeoPhotonics (NPTN) up 10.0%... AMC Entertainment (AMC) up 8.1%... Trade Desk (TTD) up 6.2%... Nektar Therapeutics (NKTR) up 5.9%...Fortress Transportation (FTAI) up 4.0%... Workday (WDAY) up 2.5%... Live Nation (LYV) up 2.2%... OptimizeRX (OPRX) up 2.1%. ALSO HIGHER: Sangamo (SGMO) up 39.5% after entering gene regulation therapy partnership with Biogen... Forty Seven (FTSV) up 29.1% after Bloomberg speculation about approach from Gilead... Biohaven (BHVN) up 6.0% after getting FDA approval for acute treatment of migraine... Garden Denver (GDI) up 2.1% after entering S&P500 index... DOWN AFTER EARNINGS: Big Lots (BIG) down 28.3%... Gulfport Energy (GPOR) down 11.1%... Beyond Meat (BYND) down 10.0%... Sunrun (RUN) down 10.0%... Coherus BioSciences (CHRS) down 8.8%... Glaukos (GKOS) down 7.5%... Applied Optoelectronics (AAOI) down 6.8%... VMWare (VMW) down 6.0%... Eventbrite (EB) down 5.4%... Axon Enterprise (AAXN) down 4.2%... Mylan (MYL) down 3.6%... iQIYI (IQ) down 3.4%... Spectrum Pharma (SPPI) down 3.3%... Dell Technologies (DELL) down 3.3%... Cara Therapeutics (CARA) down 3.2%... Autodesk (ADSK) down 2.6%... Rigel Pharma (RIGL) down 2.5%... Pure Storage (PSTG) down 2.1%. ALSO LOWER: Bed Bath Beyond (BBBY) down 2.0% after announcing strategic restructuring and job cuts. Movers as of 18:30ET.
Dell Technologies sees FY21 EPS $5.90-$6.60, consensus $6.71 » 17:5802/2702/27/20
Sees FY21 revenue…
Sees FY21 revenue $92B-$95B, consensus $93B.
Dell Technologies announces new $1B share repurchase program » 16:3802/2702/27/20
The company announced a…
The company announced a new share repurchase program of up to $1 billion over the next 24 months, effective immediately. While de-levering remains the primary capital allocation goal, the company sees an opportunity to take advantage of what it believes is a significant discount in the current stock price.
Dell Technologies reports Q4 adj. EPS $2.00, consensus $2.02 » 16:3702/2702/27/20
Reports Q4 revenue…
Reports Q4 revenue $24.0B, consensus $24.0B.
U.S. weighs special powers to ramp up output of protective masks, Reuters says » 14:3202/2702/27/20
HON, MMM, KMB, SPX, SPY, APT
U.S. President Donald…
U.S. President Donald Trump's administration is weighing invoking special powers through a law called the Defense Production Act to quickly expand domestic output of protective masks and clothing to fight the spread of coronavirus in the U.S., Reuters' Ted Hesson and Alexandra Alper reports, citing U.S. officials. The use of the law would mark an escalation of the White House's response to the outbreak, the authors note. Publicly traded companies that manufacture protective masks include Honeywell (HON), 3M (MMM), Kimberly-Clark (KMB) and Alpha Pro Tech (APT). Reference Link
Notable companies reporting after market close » 13:5002/2702/27/20
VMW, ADSK, WDAY, MNST, DELL, LYV, TTD, MYL, BYND, PSTG, RUN, BIG, AMC, NPTN, AAOI
Notable companies reporting after the market close, with earnings consensus, include VMware (VMW), consensus $2.17... Autodesk (ADSK), consensus 89c... Workday (WDAY), consensus 40c... Monster Beverage (MNST), consensus 47c... Dell Technologies (DELL), consensus $2.02... Live Nation (LYV), consensus (71c)... Trade Desk (TTD), consensus $1.17... Mylan (MYL), consensus $1.28... Beyond Meat (BYND), consensus 1c... Pure Storage (PSTG), consensus 21c... Sunrun (RUN), consensus 21c... Big Lots (BIG), consensus $2.52... AMC Entertainment (AMC), consensus 2c... NeoPhotonics (NPTN), consensus 10c... Applied Optoelectronics (AAOI), consensus (23c).
Dell Technologies put volume heavy and directionally bearish » 12:1502/2702/27/20
Bearish flow noted in…
Bearish flow noted in Dell Technologies with 6,173 puts trading, or 6x expected. Most active are Mar-20 47.5 puts and Mar-20 35 puts, with total volume in those strikes near 4,200 contracts. The Put/Call Ratio is 2.14, while ATM IV is up nearly 6 points on the day. Earnings are expected on February 27th.
Capital One adds Eileen Serra to board » 09:2002/2702/27/20
Capital One has appointed…
Capital One has appointed Eileen Serra to the company's Board of Directors, effective February 26. Serra will stand for election by Capital One shareholders in April 2020. Serra served in a variety of executive positions at JP Morgan Chase, including as CEO of Chase Card Services from 2012 through 2015. Most recently, from 2016 until her retirement in February 2018, she served as a Senior Advisor focusing on strategic growth initiatives. Prior to joining JP Morgan Chase, Serra was a Managing Director and Head of Private Client Banking Solutions at Merrill Lynch.
Notable open interest changes for February 27th » 08:5502/2702/27/20
AAPL, TSLA, BAC, MGM
Wednesday's total option volume of 32.7 million contracts resulted in net open interest growth of 4.28 million calls and 4.14 million puts. Apple (AAPL), Tesla (TSLA), Bank of America (BAC) and MGM Resorts (MGM) saw the greatest growth. Top five new positions opened include 47k Oracle (ORCL) Mar-20 57 calls, 33k Tesla (TSLA) 3/6 weekly 100 puts, 24k Halliburton (HAL) Apr-20 19 calls, 22k Qurate Retail QVC Group (QRTEA) Mar-20 8 calls and 20k Uber (UBER) 2/28 weekly 34.5 calls.
Lowe's weakness a buying opportunity, says Baird » 08:2002/2702/27/20
Baird analyst Peter…
Baird analyst Peter Benedict said the weaker than expected comps from Lowe's was due to its lack of digital contribution which should improve in the second half of the year. The analyst said he would be a buyer of the shares on its weakness as he believes several incremental initiatives are on tap to drive comps, improve service labels, and enhance productivity. Benedict reiterated his Outperform rating and $145 price target on Lowe's shares.