Fly Intel: After Hours Movers » 19:0302/2602/26/20
SPT, TDOC, AKRX, ALIM, ETSY, ESTC, DDD, BOX, NTRA, CPE, UPWK, SQ, CLW, RUBI, NDLS, OPK, ARNA, ACAD, SWX, CLGX, QGEN, GILD, CLR, NTNX, TPC, QEP, MED, CVNA, LHCG, FRGI, CCI, PTLA, PDCE, ANSS, SILK, RGNX, LB, NTES, BKNG, MSFT
UP AFTER EARNINGS: Sprout…
UP AFTER EARNINGS: Sprout Social (SPT) up 18.6%... Teladoc (TDOC) up 17.2%... Akorn (AKRX) down 12.7%... Alimera Sciences (ALIM) up 11.5%... Etsy (ETSY) up 10.6%... Elastic (ESTC) up 10.5%... 3D Systems (DDD) up 9.2%... Box Inc (BOX) up 8.8%... Natera (NTRA) up 8.7%... Callon Petroleum (CPE) up 8.1%... Upwork (UPWK) up 8.0%... Square (SQ) up 7.4%... Clearwater Paper (CLW) up 5.6%... Rubicon Project (RUBI) up 5.5%... Noodles & Co (NDLS) up 5.4%... Opko Health (OPK) up 5.1%... Arena Pharma (ARNA) up 4.5%... Acadia Pharma (ACAD) up 4.1%... Southwest Gas (SWX) up 4.0%... Corelogic (CLGX) up 2.1%. ALSO HIGHER: Qiagen (QGEN) up 3.3% after announcing shipments of coronavirus test kits... Gilead (GILD) up 3.0% after initiating two phase 3 studies of antiviral Remdesivir in coronavirus. DOWN AFTER EARNINGS: Continental Resources (CLR) down 17.0%... Nutanix (NTNX) down 16.0%... Tutor Perini (TPC) down 15.8%... QEP Resources (QEP) down 14.8%... Medifast (MED) down 14.3%... Carvana (CVNA) down 10.7%... LHC Group (LHCG) down 6.9%... Fiesta Restaurant (FRGI) down 6.6%... Crown Castle (CCI) down 5.7%... Portola Pharma (PTLA) down 5.2%... PDC Energy (PDCE) down 5.0%... Ansys (ANSS) down 3.8%... Silk Road Medical (SILK) down 2.5%... Regenexbio (RGNX) down 2.3%... L Brands (LB) down 2.1%... NetEase (NTES) down 1.7%... Booking Holdings (BKNG) down 0.5%. ALSO LOWER: Microsoft (MSFT) down 1.4% after saying will not meet Q3 guidance in More Personal Computing segment. Movers as of 18:30ET.
Microsoft says does not expect to meet Q3 More Personal Computing guidance » 16:1102/2602/26/20
The company stated,…
The company stated, "As Microsoft closely monitors the impact of the COVID-19 health emergency, our top priority remains the health and safety of our employees, customers, partners, and communities. Our global health response team is acting to help protect our employees in accordance with global health authorities' guidance. Worldwide, Microsoft employees are working to support organizations addressing the challenges on the ground. Microsoft also continues to make donations to relief and contamination efforts, including directly providing technology to help hospitals and medical workers. On Jan. 29, as part of our second quarter of fiscal year 2020 earnings call, we issued quarterly revenue guidance for our More Personal Computing segment between $10.75 and $11.15 billion, which included a wider than usual range to reflect uncertainty related to the public health situation in China. Although we see strong Windows demand in line with our expectations, the supply chain is returning to normal operations at a slower pace than anticipated at the time of our Q2 earnings call. As a result, for the third quarter of fiscal year 2020, we do not expect to meet our More Personal Computing segment guidance as Windows OEM and Surface are more negatively impacted than previously anticipated. All other components of our Q3 guidance remain unchanged. As the conditions evolve, Microsoft will act to ensure the health and safety of our employees, customers, and partners during this difficult period. We will also continue to partner with local and global health authorities to provide additional assistance. We deeply appreciate the commitment of the people and organizations that have united to address this health emergency; our thoughts are with all those affected across the world."
Nokia's only viable strategic options sale of company or assets, says JPMorgan » 15:0702/2602/26/20
NOK, ERIC, SSNLF, AAPL, CSCO
After Bloomberg reported…
After Bloomberg reported that Nokia (NOK) is working with advisers to explore strategic options, JPMorgan analyst Sandeep Deshpande said that the company's "only viable" options are a sale to an unrelated tech company or asset sales. A deal with Ericsson (ERIC) is "completely unlikely" and one with Samsung (SSNLF) is "more likely but not substantially so" given that Western governments and regulators want more players in 5G, not less, Deshpande contends. A sale to a U.S. company would likely be welcomed in the U.S., but "obvious choices" such as Cisco (CSCO) or Apple (AAPL) are unlikely to be interested, the analyst believes. While a smaller U.S. technology company exposed to government contracts could have interest, he cannot identify an "obvious acquirer," added Deshpande, who has a Neutral rating and EUR 3.75 price target on Nokia shares.
Amazon.com upgraded to Buy from Hold at Edward Jones » 12:3302/2602/26/20
Edward Jones analyst…
Edward Jones analyst Brian Yarbrough upgraded Amazon.com to Buy from Hold.
Fly Intel: Pre-market Movers » 09:0902/2602/26/20
DIS, APT, BYND, SBUX, TJX, CARS, ENDP, ODP, MRNA, WEN, WB, FOSL, TSLA
HIGHER: Alpha Pro Tech…
HIGHER: Alpha Pro Tech (APT), up 2% after reporting Q4 earnings and announcing as a result of a surge in customer demand resulting from the outbreak of Covid-19, overall gross margin is expected to be higher than normal in the Q1 and potentially for the rest of the year... Beyond Meat (BYND), up 5% after Starbucks (SBUX) announced that beginning March 3, the company will introduce a new Beyond Meat cheddar and egg Sandwich to its Canadian stores. UP AFTER EARNINGS: TJX (TJX), up 7%... Cars.com (CARS), up 4%... Endo (ENDP), up 4%... Office Depot (ODP), up 5%... Moderna (MRNA), up 13%. DOWN AFTER EARNINGS: Wendy's (WEN), down 2%... Fossil (FOSL), down 20%... Weibo (WB), down 7%. ALSO LOWER: Tesla (TSLA), down 2% after CNBC reported NTSB chairman Robert Sumwalt criticized Tesla at a hearing on a crash involving a Tesla Model X in autopilot mode. The Nikkei also has reported that Tesla and Panasonic (PCRFY) have decided to end their partnership in producing solar cells after years of struggling to ramp up output at the Gigafactory 2 in upstate New York... Disney (DIS), down 1% after announcing CEO Bob Iger will transition to executive chairman and Bob Chapek will be named new CEO.
Starbucks, PepsiCo launch RTD Nitro Cold Brew » 09:0702/2602/26/20
Starbucks (SBUX) and…
Starbucks (SBUX) and PepsiCo (PEP) announced the launch of new ready-to-drink, or RTD, Starbucks Nitro Cold Brew. This is the latest product to join the ranks of products developed since Starbucks and PepsiCo formed the North American Coffee Partnership, or NACP, in 1994. Over the past 25+ years, the NACP has grown to more than $2B in retail sales.
Palihapitiya a 'net seller' of mega-cap tech 'FANG' stocks aside from Amazon » 08:5902/2602/26/20
AMZN, FB, NFLX, GOOGL, GOOG
Social Capital CEO…
Notable open interest changes for February 26th » 08:5502/2602/26/20
MSFT, BAC, AAPL, TSLA
Dougherty to hold company meetings at conference » 08:2502/2602/26/20
CYBR, FEYE, OSPN, PFPT, PING, RDWR, ZS
Dougherty Company Hosted…
Palihapitiya says 'just as emotionally invested' in Virgin Galactic as in Tesla » 08:1602/2602/26/20
Chamath Palihapitiya, a…
Chamath Palihapitiya, a noted and vocal bull on Tesla (TSLA), said "we were right, the shorts were wrong." Palihapitiya added that he is "just as emotionally invested" in Virgin Galactic (SPCE) as he is in Tesla. Palihapitiya, Social Capital's CEO, continues his co-hosting appearance on CNBC.