Traeger Stock Forum

Pre-Market Stock Movers
Gapping up
$Moderna (MRNA.US)$
(Shares added 1.6% after the biotech company released its second-quarter results. Despite posting a quarterly loss and drop in revenue, Moderna raised its full-year outlook for its Covid vaccine, its only marketable product.)
$Qorvo (QRVO.US)$
(The stock rallied 6.8% after the company beat analyst expectations on top and bottom lines in the second quarter. Manage...

Gainers:
• $Trip.com (TCOM.US)$ +6.29% $Oxford Industries (OXM.US)$ +5.29% (also increases dividend) $H.B. Fuller (FUL.US)$ +10.67%
• $Nikola (NKLA.US)$ +18.49% (expects to deliver 300-500 BEV trucks largely in H2 of 2022; commercial truck production begun this week)
• $Playtika Holding (PLTK.US)$ +5.1% (acquires JustPlay.LOL)
• $Spire Global (SPIR.US)$ +3.9% (announced the expansion of their existing partnership with Slingshot Aerospace)
• $John Bean Technologies (JBT.US)$ +3.2% (pr...

Upgrades
• $Arcos Dorados (ARCO.US)$ : BofA Securities Upgrades to Buy from Neutral - PT $10 (from $7.80)
• $Buenaventura Mining (BVN.US)$ : Morgan Stanley Upgrades to Equalweight from Underweight - PT $11.10 (from $7)
• $GDS Holdings (GDS.US)$ : Deutsche Bank Upgrades to Buy from Hold - PT $55
• $iRobot (IRBT.US)$ : Northland Upgrades to Outperform from Market Perform - PT $85
• $Johnson Controls (JCI.US)$ : Deutsche Bank Upgrades to Buy from Hold - PT $79 (from $...

$Weber (WEBR.US)$ I've owned several simple charcoal webber grills, one lasting over 15yrs while sitting outside covered. I like the basic product, but it's foray into proprane grills brings it into a crowded and competitive market. Newcomers like $Traeger (COOK.US)$ and $Blackstone (BX.US)$ have made significant inroads in a market that has become more splintered. Will the tried and true Webber continue to grow, I'm skeptical, and watch out for a potential charcoal ban. I like the old school product, but not excited about the stock.