nCino Stock Discussion

S&P 500 Opening Bell Heatmap (Mar. 27, 2024)
$SPDR S&P 500 ETF (SPY.US)$ +0.51% 🟩
$Invesco QQQ Trust (QQQ.US)$ +0.54% 🟩
$Dow Jones Industrial Average (.DJI.US)$ +0.67% 🟩
$iShares Russell 2000 ETF (IWM.US)$ +1.01% 🟩
Stocks on move: $Robinhood (HOOD.US)$ +4.5%, $Merck & Co (MRK.US)$ +4.6%, $Disney (DIS.US)$ +1.5%, $Enphase Energy (ENPH.US)$ +4.9%, $Trump Media & Technology (DJT.US)$ +19%, $MicroStrategy (MSTR.US)$ + 5.7%, $Marvell Technology (MRVL.US)$ +4.90%, $nCino (NCNO.US)$ +16%, $Tesla (TSLA.US)$ +0.4% (...

Pre-Market Stock Movers
Gapping up
$Roku Inc (ROKU.US)$ +2.08% (The streaming provider climbed 2% before the opening bell. A day earlier, the company announced a partnership with Shopify to allow purchases straight from Roku TV.)
$Beyond Meat (BYND.US)$ +3.56% (The plant based meat alternative added 3% on Wednesday morning. The company said Tuesday that its steak product would expand to be now be sold at roughly 14,000...

Gapping up
In reaction to earnings/guidance:
• $HashiCorp (HCP.US)$ +16.8%, $Lululemon Athletica (LULU.US)$ +9.7%, $PagerDuty (PD.US)$ +5%, $nCino (NCNO.US)$ +3.8% (also Bank Operating System selected by Rabobank Australia and New Zealand), $Broadcom (AVGO.US)$ +2.1%
Other news:
• $Ooma (OOMA.US)$ +3.5% (acquires Junction Networks also reports earnings)
• $Momentus (MNTS.US)$ +3.5% (files for $200 mln mixed securities shelf offering)
• $Humacyte (HUMA.US)$ +2.9% (fi...

BARCLAYS
• $Hewlett Packard Enterprise (HPE.US)$ Barclays analyst Tim Long lowered the firm's price target on HP Enterprise to $19 from $20 and keeps an Overweight rating on the shares. The company missed Q2 revenue and earnings estimates, mainly on delayed HPC revenue acceptance, Long tells investors in a research note. It also lowered full year earnings expectations to account for Russia and currency headwinds. Despite continued strong 20% order...

Upgrades
• $Booz Allen Hamilton Holding Corp (BAH.US)$: Goldman Sachs Upgrades to Buy from Neutral - PT $102 (from $83)
• $Humana (HUM.US)$: UBS Upgrades to Buy from Neutral - PT $520 (from $486)
• $JB Hunt Transport Services (JBHT.US)$: Deutsche Bank Upgrades to Buy from Hold - PT $230 (from $210)
Downgrades
• $JB Hunt Transport Services (JBHT.US)$: B.Riley Downgrades to Neutral from Buy - PT $33 (from $62)
• $CACI International (CACI.US)$: Goldman Sachs Downgrad...