Stansberry Research

U.S. Pre-Market Stock Moves: AMAT, DDS, EAT, GE, NVDA

C. Scott GarlissStansberry NewsWire

Advances:

  • Bancorp of New Jersey (BKJ) +7.8%. To be acquired by ConnectOne Bancorp for $113 million or $15.48/share in cash, a 12.6% premium to yesterday's close.
  • Kratos Defense & Security Solutions (KTOS) +8.8%. Upgrade from "neutral" to "buy" at Goldman Sachs.
  • PagSeguro Digital (PAGS) +6.6%. 2Q revenue beats expectations.
  • Nvidia (NVDA) +5.5%. 2Q sales and profit better than expected, current quarter sales guidance in-line.
  • General Electric (GE) +4.2%. Defended at William Blair.
  • Brinker (EAT) +4%. Upgrade from "equal-weight" to "overweight" at Stephens.

Declines:

  • Dillard's (DDS) -15.3%. 2Q net and comparable store sales weaker than expected.
  • Alliance Data Systems (ADS) -4.7%. Reports preliminary results of modified Dutch auction, saying it expects to buy 5.07 million shares at $148/share, below yesterday's closing price of $152.50.
  • Tapestry (TPR) -3.5%. Downgraded at multiple places following yesterday's earnings disappointment.
  • Applied Materials (AMAT) -2.7%. Sales and profit forecasts meet expectations, company says it's not ready to call a bottom in industry downturn, expects memory demand rebound in 2020 not 2019.