Today's pre-market stock movers: TSLA, JPM, NVAX, CAG and more

Moomoo Breakfast US wrote a column · Jul 14, 2022 07:35

Gainers:

• $Theravance Biopharma(TBPH.US)$ +15.9% (TBPH to sell all of its units in Theravance Respiratory to RPRX for over $1.5 bln)

• $Amryt Pharma(AMYT.US)$ +11.9% (FDA grants Orphan Drug Designation to Mycapssa for the treatment of Carcinoid Syndrome)

• $Green Brick Partners(GRBK.US)$ +7.3% (to join S&P SmallCap 600)

• $TransGlobe Energy(TGA.US)$ +6.9% (Transglobe Energy to be acquired by VALLCO Energy (EGY) in stock-for-stock strategic business combination)

• $Clene(CLNN.US)$ +5.9% (report significantly improved survival in ALS patients initially treated with CNM-Au8 compared to initially randomized placebo treated participants during the long-term open-label extension of its RESCUE-ALS trial)

• $Angi Inc(ANGI.US)$ +5.6% (report June performance metrics)

• $Marinus Pharmaceuticals(MRNS.US)$ +5.4% (entered into a definitive agreement to sell its Rare Pediatric Disease Priority Review Voucher for $110 mln)

• $Veracyte(VCYT.US)$ +4.2% (new data show that its GSC is highly accurate in re-classifying lung cancer risk)

• $DigitalBridge Group(DBRG.US)$ +1.8% (acquires majority stake in GD Towers in partnership with Brookfield (BIP))

Losers:

In reaction to earnings/guidance:

• $LM Ericsson Telephone(ERIC.US)$ -9.7% （Telefonaktiebolaget L M missed estimated earnings by 12.5%, reporting an EPS of $0.14 versus an estimate of $0.16.）

• $Azenta(AZTA.US)$ -6.3% (lowers guidance for Jun Qrevs),

• $JPMorgan(JPM.US)$ -2.9% (JPMorgan Chase missed estimated earnings by 5.15%, reporting an EPS of $2.76 versus an estimate of $2.91.)

• $Conagra Brands(CAG.US)$ -1.1% (Conagra Brands reported fourth-quarter FY22 sales growth of 6.2% year-on-year to $2.91 billion, missing the consensus of $2.93 billion.)

• $Morgan Stanley(MS.US)$ -0.9% ( Morgan Stanley said Thursday its second-quarter profit fell 29% from a year ago, reflecting a drop in corporate deal making.)

Select metals/mining stocks trading lower:

• $AngloGold Ashanti(AU.US)$ -3.8%, $Gold Fields(GFI.US)$ -3.7%, $VanEck Gold Miners Equity ETF(GDX.US)$ -2.2%, $Barrick Gold(GOLD.US)$ -2.2%, $B2Gold(BTG.US)$ -2.1%, $iShares Silver Trust(SLV.US)$ -2%, $SPDR Gold ETF(GLD.US)$ -1.1%

Select oil/gas related names showing early weakness:

• $TotalEnergies(TTE.US)$ -4.3%, $Shell PLC(SHEL.US)$ -3.3%, $BP PLC(BP.US)$ -3%, $VanEck Oil Services ETF(OIH.US)$ -2.4%, $Halliburton(HAL.US)$ -2.2%, $ConocoPhillips(COP.US)$ -2.1%, $Energy Select Sector SPDR Fund(XLE.US)$ -2%, $Schlumberger(SLB.US)$ -1.8%, $Phillips 66(PSX.US)$ -1.8%, $United States Oil Fund LP(USO.US)$ -1.7%

Other news:

• $ContraFect(CFRX.US)$ -77.2% (independent DSMB recommends Exebacase Phase 3 DISRUPT Study be stopped)

• $BELLUS Health(BLU.US)$ -8.8% (prices offering of 16540541 common shares at $9.25 per common share)

• $VAALCO Energy(EGY.US)$ -8.8%(Trans globe Energy to be acquired by VALLCO Energy (EGY) in stock-for-stock strategic business combination)

• $Coca-Cola Consolidated(COKE.US)$ -5.1%(to moveto S&P MidCap 400 from Small Cap600)

• $Novavax(NVAX.US)$ -3% (FDA authorizes NVAX's COVID-19vaccine for adults)

• $Tesla(TSLA.US)$ -1.6%(Tesla Autopilot exec to step down)

• $Fluence Energy(FLNC.US)$ -1.3% (luence and Nine Additional Energy Market Organisations Issue Open Letter to European Policy Makers and the Media regarding the RE Power EU Plan)

Analyst comments:

• $A.O. Smith(AOS.US)$ -3.4% (downgraded to Neutralfrom Outperform at Robert Baird)

• $Dollar General(DG.US)$ -2.1% (downgraded to Neutralfrom Buy at Citigroup)

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