Stansberry Research

U.S. Midday Stock Moves: HDS, SONO, REAL, SIG, OI

Daniel SmootStansberry NewsWire

Advances:

  • HD Supply (HDS) +6.6%. HDS' first-quarter results beat estimates due to an improvement in net sales performance in May.
  • Sonos (SONO) +6.1%. Citron Research noted SONO could be an acquisition target for big technology companies like Apple (AAPL) and Amazon (AMZN).
  • The RealReal (REAL) +4.4%. The company highlighted its return to higher staffing levels and improved automation has increased its processing capacity.
  • Coupa Software (COUP) +2.1. First-quarter results and guidance were ahead of expectations.
  • Tiffany & Company (TIF) +2%. In the company's first-quarter results, its management highlighted improving Mainland China trends and e-commerce performance.

Declines:

  • Signet Jewelers (SIG) -13.8%. SIG's first-quarter revenue was lower than expected due to its North American comparable sales miss.
  • O-I Glass (OI) -10.8%. The company provided an update that showed shipments were weaker in the quarter to date.
  • American Airlines (AAL) -10.3%, United Airlines (UAL) -8.5%. The companies' shares trended lower after the International Air Transport Association ("IATA") showed airline passenger traffic remains subdued.
  • Pioneer Natural Resources (PXD) -8.7%. The company is down on the broader energy sector weakness from Saudi Arabia announcing increases in oil output.
  • Stitch Fox (SFIX) -7.7%. SFIX's third-quarter results were weighed down by warehouse capacity issues.
  • Walt Disney (DIS) -2.2%. The company's shares were downgraded from "overweight" to "equal weight" at Consumer Edge.