Stansberry Research

U.S. Midday Stock Moves: AAL, CAL, TIF, WORK, MDB

Daniel SmootStansberry NewsWire

Advances:

  • American Airlines (AAL) +21.1%, United Airlines Holding (UAL) +16.5%, Delta Air Lines (DAL) +11.6%, Southwest Airlines (LUV) +5.9%. The airline industry continues to move higher on positive news involving capacity growth.
  • Caleres (CAL) +13.6%. Analysts are optimistic about the company's second-half outlook due to new customer acquisition through e-commerce.
  • Tiffany & Co. (TIF) +7.8%. LVMH Moet Hennessy Louis Vuitton (LVMUY) is backing off from its earlier desire to renegotiate terms of its TIF acquisition.
  • Sysco (SYY) +7.1%. The company was upgraded from "equal weight" to "overweight" at Wells Fargo (WFC).
  • Hexcel (HXL) +6.4%. BMO upgraded the company from "perform" to "outperform."
  • Broadcom (AVGO) +5.2%. The takeaway from the company's earnings was positive as cloud, telecom, and enterprise customer demand surged.
  • Novavax (NVAX) +5.2%. The company was upgraded from "underweight" to "neutral" at JPMorgan Chase (JPM).

Declines:

  • Slack Technologies (WORK) -15.1%. The company's first-quarter highlighted slowing billing growth.
  • MongoDB (MDB) -9%. MDB's second-quarter guidance was below estimates.
  • PagerDuty (PD) -8%. The company's second-quarter outlook was weaker than anticipated and it also cut its full-year guidance midpoints.
  • GameStop (GME) -6%. The company said its first-quarter results will all be negative.