Wednesday, July 8, 2020

Wed 08 Jul 2020 Morning Notes

Surprisingly busy morning with pre-mkt movers. It's Friday morning and I'm seeing this post marked as "draft", could have sworn I had posted this thing. 

Earnings: Yesterday AMC: LEVI, SGH, GNMK, SMPL, MSM, TMHC
Today BMO:

Other News: WMT made a massive rip yesterday, from 119 to 127, a +7% gain on speculation of an AMZN Prime competitor... really wish I was around for that one!; FTI pops on a contract award;

Follow Through Names to Watch: WMT, RUN, NVAX, TSLA

XENT: +35% at 18.70 on reported t/o offer from MDT;
NKLA: +13% at 45.60 on broker defend;
DGLY: +13% at 3.41 on purchase order;
LMNX: +10% at 35.60 on guidance;
BIIB: +8% at 290 on drug news;
GNMK: +8% at 16.76;
FSCT: +6.5% at 25 on guidance;

LEVI: -4% at 13.26;
ALL: -3% AT 89.95 on acquistion of NGHC;


Follow through watch:

Day before Y'day AMC: 
Yesterday BMO:

Y'day Other News: NVAX: +30% at 103 on $1.5b in funding; RUN: +12% at 24 on deal to acquire Vivint Solar; LVGO: +10% at 85.65 on guidance; ROL: +5% at 45 on guidance; D: -3% at 71.50 on follow through;

2 days ago AMC: 
2 days ago BMO: 

2 Day Old News: Chinese ADRs (NIO, WB, JD, BABA, GSX, etc) all popping higher this morning after Shanghai closed +5.7%; Berkshire in $10b deal for Dominion Energy assets; UBER: +8% at 32 on $2.5b all stock deal for Postmates; TSLA: +5.5% at 1275, u/g's and continuing higher from Friday;

TT Track of the Day: Bryan Adams - Summer of '69, heard it on the radio twice yesterday.. gotta be a sign or something. The unofficial theme song to a bunch of drunk people making out at bars at 1am

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