Gates Industrial Stock Forum

Morning Movers
Gapping up
$NVIDIA (NVDA.US)$ Shares of the widely watched semiconductor leader soared by 13% in premarket trading as the company reported earnings that far exceeded expectations, riding the wave of the artificial intelligence boom. Nvidia announced an adjusted earnings of $5.16 per share and a revenue of $22.1 billion for the fourth quarter. This performance surpassed the predictions of analysts surveyed by LSEG, who had expec...

$Progressive (PGR.US)$ initiated at equal-weight by Morgan Stanley, announced target price at $135.00.
$Lemonade (LMND.US)$ initiated at underweight by Morgan Stanley, announced targe price at $14.00.
$Baidu (BIDU.US)$ was upgraded by Morgan Stanley from equal-weight to overweight, increased target price from $160.00 to $190.00.
$Philip Morris International (PM.US)$ was upgraded by Citigroup from neutral to buy, increased target price from $10...

Gapping up
In reaction to earnings/guidance:
• $PDD Holdings (PDD.US)$ +15% (The company said its performance was boosted by a recovery in consumer sentiment.)
Other news:
• $Hill International (HIL.US)$ +20% (Hill International and GISI announce enhancements to their strategic merger agreement)
• $FiscalNote Holdings (NOTE.US)$ +11.3% (files for 87,504,863 share common stock offering, relates to warrants)
• $Cytek Biosciences (CTKB.US)$ +2.9% (fi...

Gainers:
• $Victoria's Secret (VSCO.US)$ +10.4% (In reaction to earnings)
• $Salesforce (CRM.US)$ +9.0% (In reaction to earnings)
• $Navigator (NVGS.US)$ +4.9% (names Mads Peter Zacho as CEO)
• $Weibo (WB.US)$ +4.7% (In reaction to earnings)
• $CAE Inc (CAE.US)$ +4.7% (In reaction to earnings)
• $Laredo Petroleum (LPI.US)$ +4% (authorized $200 mln share repurchase program)
• $Axsome Therapeutics (AXSM.US)$ +3.1% (Late-Breaking Presentations of P...

Upgrades
• $Blueprint Medicines (BPMC.US)$ : Jefferies Upgrades to Buy from Hold - PT $78 (from $88)
• $CatchMark Timber Trust Inc (CTT.US)$ : Raymond James Upgrades to Market Perform from Underperform
• $Danaher (DHR.US)$ : RBC Capital Upgrades to Outperform from Sector Perform - PT $310 (from $299)
• $Enanta Pharmaceuticals (ENTA.US)$ : Evercore ISI Upgrades to In Line from Underperform - PT $39 (from $35)
• $FEMSA (FMX.US)$ : Bradesco BBI Upgrades to Outperform f...

Gainers:
• $Array Technologies (ARRY.US)$ +12.87% (also names new CEO)
• $Tufin Software Technologies (TUFN.US)$ +43.41% (enters into definitive agreement to be acquired by Turn/River Capital in a $570 million transaction; TUFN shareholders will receive $13.00/share in cash)
• $Citius Pharmaceuticals (CTXR.US)$ +10.87% (reported topline results from the pivotal Phase 3 trial of I/ONTAK)
• $BioXcel Therapeutics (BTAI.US)$ +19.22% (FDA ha...

Upgrades
• $Banc of California (BANC.US)$: Raymond James Upgrades to Outperform from Market Perform - PT $22
• $Cullen/Frost Bankers (CFR.US)$: Raymond James Upgrades to Outperform from Market Perform
• $W.W. Grainger (GWW.US)$: Wolfe Research Upgrades to Outperform from Peerperform
• $Invitation Homes Inc (INVH.US)$: Evercore ISI Upgrades to Outperform from In Line - PT $46 (from $44)
• $PCB Bancorp (PCB.US)$: Raymond James Upgrades to Outperform from Market Perfor...