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Today's pre-market stock movers: NFLX, NVAX, ASML, BBWI and more

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Moomoo Breakfast US wrote a column · Jul 20, 2022 07:42
Gainers:
In reaction to earnings/guidance:
$Omnicom Group(OMC.US)$ +6.8% (Omnicom reports Q2 EPS $1.68, consensus $1.58)
$Netflix(NFLX.US)$ +6.3% (Netflix executives said they expect 1 million new subscribers to join in the third quarter, with revenue forecast to grow to $7.84 billion from $7.48 billion a year ago)
$Fulton Financial(FULT.US)$ +4.3% (Fulton Financial reports Q2 EPS 42c, consensus 37c)
$Abbott Laboratories(ABT.US)$ +0.6% (Abbott Laboratories raised its full-year earnings guidance after posting a wider profit and 10% sales jump for the second quarter.)
$Nasdaq(NDAQ.US)$ +0.5% (Nasdaq Q2 earnings beat with Solutions Segment revenue climbing 10% Y/Y)
Other news:
$Aehr Test Systems(AEHR.US)$ +7.3% (receives $12.8 mln in orders from its lead silicon carbide test and burn-in customer)
$Biodesix(BDSX.US)$ +4.5% (to present data at IASLC 2022 World Conference demonstrating that the VeriStrat Test is predictive of progression free survival and overall survival in patients with low or negative PD-L1 treated with immune checkpoint inhibitors)
$Belite Bio(BLTE.US)$ +3.4% (submits IND application to FDA for LBS-008 Phase 3 clinical trial)
$Roku Inc(ROKU.US)$ +2%, $Disney(DIS.US)$ +1.5% (in sympathy with NFLX earnings)
$Lattice Semiconductor(LSCC.US)$ +1.5% (collaborates with LG to bring edge AI technology to LG's 2022 premium laptop lineup)
$Novavax(NVAX.US)$ +1.3% (confirms that CDC Advisory Committee voted unanimously to recommend COVID-19 vaccine; President Biden issues statement on FDA and CDC authorizing Novavax's COVID-719 vaccine for adults)
Losers:
In reaction to earnings/guidance:
$Forestar Group(FOR.US)$ -10% (Forestar Group shares dived after lot deliveries slid in the third quarter and the company cut its guidance for fiscal 2022)
$Bath & Body Works(BBWI.US)$ -8.6% (Bath & Body Works cut its Q2 earnings from continuing operations guidance to between $0.40 and $0.42 per diluted share from its earlier outlook for $0.60 to $0.65)
$Baker Hughes(BKR.US)$ -4.7% (Baker Hughes missed estimated earnings by 50.0%, reporting an EPS of $0.11 versus an estimate of $0.22)
$Biogen(BIIB.US)$ -1% (Biogen said it expects earnings to be somewhere between $15.25 to $16.75 per share for this year, more than its prior expectation of $14.25 to $16.00 a share)
$ASML Holding(ASML.US)$ -0.9% (ASML 2Q Net Profit Rose, Lowers 2022 Revenue Guidance on Delays)
Other news:
$Vascular Biogenics(VBLT.US)$ -77.1% (announces top-line data from OVAL Trial)
$Revolution Medicines(RVMD.US)$ -11.5% (prices offering of 11.5 mln shares of common stock at $20.00 per share)
$Inozyme Pharma(INZY.US)$ -4.8% (announces preliminary data from Phase 1/2 trial of INZ-701)
$Singular Genomics(OMIC.US)$ -3.4% (files for $250 mln mixed securities shelf offering)
$Golden Ocean(GOGL.US)$ -3% (files mixed securities shelf offering)
$Merck & Co(MRK.US)$ -0.9% (reports Phase 3 KEYNOTE-412 Trial did not meet its primary endpoint)
Analyst comments:
$Atara Biotherapeutics(ATRA.US)$ -4.4% (downgraded to Sell from Neutral at Citigroup)
$Arista Networks(ANET.US)$ -3.9% (downgraded to Underperform from Buy at BofA Securities)
$F5 Inc(FFIV.US)$ -2.1% (downgraded to Neutral from Buy at BofA Securities)
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
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