$BIIB

Biogen Inc

  • NASDAQ
  • Health Technology
  • Biotechnology
  • Manufacturing
  • Biological Product (except Diagnostic) Manufacturing

PRICE

$286.09 ▼-1.375%

Last Close

VOLUME

618,633

DAY RANGE

289.94 - 295.8962

52 WEEK

187.16 - 311.88

Join Discuss about BIIB with like-minded investors

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@Navneet #droscrew
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someone know something about $biib

112 Replies 10 👍 14 🔥

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@GbCasanova #droscrew
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interesting > @Navneet said: $biib 255 put march 1.80

98 Replies 13 👍 10 🔥

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@Navneet #droscrew
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$biib 255 put march 1.80

94 Replies 8 👍 14 🔥

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@Navneet #droscrew
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well that's good $biib is up

128 Replies 11 👍 9 🔥

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@Pal #droscrew
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It got a CRL; bad for $LLY; that's why $BIIB up.

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@Navneet #droscrew
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$biib drug approved 🚀

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@Navneet #droscrew
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oh dammn there was a flow as well 300 calls next week > @dros said: $BIIB approved $SAVA

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@dros #droscrew
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$BIIB approved $SAVA

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@dros #droscrew
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$PRTA pos note alzheimers drug having 20-times potency and plaque reduction of $BIIB drug circulating

74 Replies 12 👍 15 🔥

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@Alpha #decarolis
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**__TRIMESTRALI USA DELLA SETTIMANA DI MAGGIOR IMPATTO__** **__Lunedì 24 Ottobre 2022__** Cadence Design (CDNS) Discover (DFS) Alexandria RE (ARE) WR Berkley (WRB) Brown&Brown (BRO) Packaging America (PKG) Zions (ZION) Kirby (KEX) **__Martedì 25 Ottobre 2022__** Alphabet A (GOOGL) Alphabet C (GOOG) Visa A (V) Coca-Cola (KO) Texas Instruments (TXN) United Parcel Service (UPS) NextEra Energy (NEE) Raytheon Technologies (RTX) Lockheed Martin (LMT) Chubb (CB) General Electric (GE) 3M (MMM) Illinois Tool Works (ITW) Sherwin-Williams (SHW) General Motors (GM) Valero Energy (VLO) Archer-Daniels-Midland (ADM) Moody’s (MCO) Chipotle Mexican Grill (CMG) Centene (CNC) Biogen (BIIB) Kimberly-Clark (KMB) Twitter Inc (TWTR) MSCI (MSCI) PACCAR (PCAR) Halliburton (HAL) Ameriprise Financial (AMP) Corning (GLW) Equity Residential (EQR) Synchrony Financial (SYF) IDEX (IEX) Boston Properties (BXP) Teradyne (TER) Juniper (JNPR) F5 Networks (FFIV) PulteGroup (PHM) Robert Half (RHI) Pentair (PNR) JetBlue (JBLU) **__Mercoledì 26 Ottobre 2022__** Microsoft (MSFT) Meta Platforms (META) Thermo Fisher Scientific (TMO) Bristol-Myers Squibb (BMY) ADP (ADP) Boeing (BA) ServiceNow Inc (NOW) General Dynamics (GD) Waste Management (WM) CME Group (CME) Boston Scientific (BSX) Ford Motor (F) Norfolk Southern (NSC) O’Reilly Automotive (ORLY) Kraft Heinz (KHC) Amphenol (APH) Hess (HES) KLA Corp (KLAC) Roper Technologies (ROP) Hilton Worldwide (HLT) Enphase (ENPH) IQVIA Holdings (IQV) Cognizant A (CTSH) Old Dominion Freight Line (ODFL) Digital (DLR) Otis Worldwide (OTIS) AvalonBay (AVB) Fortive (FTV) Raymond James Financial (RJF) eBay (EBAY) DTE Energy (DTE) United Rentals (URI) Rollins (ROL) Mid-America Apartment (MAA) Teledyne Technologies (TDY) Align (ALGN) Garmin (GRMN) Cincinnati Financial (CINF) Essex Property (ESS) Tyler Technologies (TYL) Avery Dennison (AVY) UDR (UDR) Everest (RE) VF (VFC) Masco (MAS) Fortune Brands (FBHS) Invesco (IVZ) Ryder System ® **__Giovedì 27 Ottobre 2022__** Apple (AAPL) Amazon.com (AMZN) Mastercard (MA) Merck&Co (MRK) McDonald’s (MCD) Linde PLC (LIN) Comcast (CMCSA) Honeywell (HON) Intel (INTC) Caterpillar (CAT) S&P Global (SPGI) American Tower (AMT) Gilead (GILD) Northrop Grumman (NOC) Altria (MO) Southern (SO) Fiserv (FISV) Keurig Dr Pepper (KDP) Edwards Lifesciences (EW) L3Harris Technologies (LHX) American Electric Power (AEP) Republic Services (RSG) DexCom (DXCM) Capital One Financial (COF) Arthur J Gallagher (AJG) Newmont Goldcorp (NEM) Xcel Energy (XEL) Warner Bros Discovery (WBD) ResMed (RMD) Baidu (BIDU) Carrier Global (CARR) PG E (PCG) Baxter (BAX) Seagen (SGEN) Willis Towers Watson (WTW) T Rowe (TROW) Weyerhaeuser (WY) CBRE A (CBRE) Hartford (HIG) FirstEnergy (FE) Principal Financial (PFG) Southwest Airlines (LUV) VeriSign (VRSN) Laboratory America (LH) West Pharmaceutical Services (WST) CMS Energy (CMS) Monolithic (MPWR) LKQ (LKQ) Textron (TXT) Kimco (KIM) International Paper (IP) ABIOMED (ABMD) Bio-Rad Labs (BIO) Western Digital (WDC) Stanley Black Decker (SWK) Teleflex (TFX) Eastman Chemical (EMN) BorgWarner (BWA) Allegion PLC (ALLE) AO Smith (AOS) Universal Health Services (UHS) Mohawk Industries (MHK) **__Venerdì 28 Ottobre 2022__** Exxon Mobil (XOM) Chevron (CVX) AbbVie (ABBV) Charter Communications (CHTR) Colgate-Palmolive (CL) Aon (AON) WW Grainger (GWW) Coterra Energy (CTRA) Church&Dwight (CHD) Royal Caribbean Cruises (RCL) Newell Brands (NWL)

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@Math #StockTraders.NET
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PRTA ABOS careful drugs target amyloid like BIIB

108 Replies 12 👍 9 🔥

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@Math #StockTraders.NET
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BIIB news solids approval likely

113 Replies 11 👍 6 🔥

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@Navneet #droscrew
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when did it come ? > @AJAJ said: @dros that BIIB 275 calls

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@Navneet #droscrew
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dammn $biib flew crazy

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@AJAJ #droscrew
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@dros that BIIB 275 calls

74 Replies 8 👍 9 🔥

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@ivtrades-Chris #ivtrades
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$BIIB - Bullish option flow detected in Biogen (221.62 +3.41) with 1,928 calls trading (1.1x expected) and implied vol increasing over 1 point to 32.83%. . The Put/Call Ratio is 0.47. Earnings are expected on 10/18.

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@CarlosH-carvan #ivtrades
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Watching activity today in $GILD and $BIIB

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@dros #droscrew
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Upgrades 4/18: $BIIB $CEA $CMA $COP $DAL $FUL $GPS $PBF $ZION . Downgrades 4/18: $ADM $APTV $AXTA $BCRX $CLB $CSX $CTRE $IAG $MAC $NMRK $PGR $PXD $QCOM $RDBX $RRGB $RXRX $SBRA $SIRI $SLM $TWTR $UAL $WEN

45 Replies 6 👍 14 🔥

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@HeyShoe #droscrew
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RECAP 1/13 Chatter: $TKAT - China NFT $EZPQ CEO resigns $QS + moving beyond EVs $DNB - FTC $XLNX $AMD + SAMR $AUPH $AMLX $BHVN + $BIIB $PFE $BNTX $MRNA - SCOTUS Biden Vaccine ruling

138 Replies 15 👍 12 🔥

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@dros #droscrew
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BIOGEN IS WORKING WITH GOLDMAN SACHS TO SEEK BUYOUT TARGETS FOLLOWING THE TURMOIL OF THEIR ALZHEIMER'S MEDICATION - STAT. $BIIB

84 Replies 10 👍 7 🔥

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@dros #droscrew
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Downgrades 1/12: $AY $BIIB $BKR $CF $CNP $COP $D $ERF $ESRT $EVRG $FR $GLPI $GMRE $HPP $HYZN $LUV $NNI $OFC $PEG $QRVO $QTWO $SAVE $SKX $SNAP $TAK $TWOU $ZNGA

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@mzx9 #droscrew
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$BIIB what's happening

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@dros #droscrew
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and breached > @dros said: $BIIB has pretty good support at 240

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@dros #droscrew
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$BIIB has pretty good support at 240

131 Replies 9 👍 14 🔥

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@dros #droscrew
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Unusually heavy option volume on today's open include $BIIB, $ZTS, $CF, $ITW, and $EL.

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@dros #droscrew
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you mean did Samsung put out the rumor? > @Gary19 said: was $biib thing arumo by samsung?

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@Gary19 #droscrew
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was $biib thing arumo by samsung?

49 Replies 11 👍 13 🔥

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@AJAJ #droscrew
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damn BIIB running

116 Replies 9 👍 15 🔥

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@AJAJ #droscrew
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friend sent me this and i was wondering what in the world Samsung would do with BIIB > @dros said: Samsung Group in negotiations to buy Biogen - kedglobal

103 Replies 8 👍 7 🔥

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@HeyShoe #droscrew
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RECAP 11/30 Chatter: $RAD + Chatter (DR) $BIIB - Loses Tecfidera patent ruling $ZEN + Jana wants $MNTV deal killed $AXDX + $5M Insider Buy $LGVN + Japan Lomecel-B

149 Replies 6 👍 13 🔥

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@HeyShoe #droscrew
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RECAP 11/22 Chatter: $LEE + Alden $24/sh $SNOW + $INTC partner $GME + Applecare $GDDY - Security Breach $TWTR + $WMT Shopping $BIIB - Brain Swelling $SAVA - Journal concerns $DIS - $CMCSA Pulling Hulu content

143 Replies 9 👍 12 🔥

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@CarlosH-carvan #ivtrades
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yup....other company that saw was $BIIB

137 Replies 12 👍 11 🔥

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@DarkPoolAlgo #Dark Pool Charts
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U.S. futures are edging higher, looking to add to the gains from Thursday, but major averages remain on track to snap their 5-week winning streak after a sharp pullback Wednesday off all-time highs due to rising inflation fears renewed concerns the economy is going to quick too fast and the Fed may need to “pump the brakes” sooner than later with interest rate hikes (fed fund futures now pointing to a June ’22 star). The S&P 500 and the Nasdaq ended higher on Thursday, boosted by chipmakers after high inflation numbers dampened investor sentiment and put the brakes on a streak of record closing highs. U.S. Treasury bond yields remain calm after reopening (closed yesterday for Veteran’s Day), with the 10-year yield still under 1.6%. European stocks were steady with U.S. futures, while Asian shares rose at the end of a volatile week. Meanwhile, U.S. officials have warned European Union counterparts that Russia may be weighing a potential invasion of Ukraine, according to multiple people familiar with the matter. In Asian markets, The Nikkei Index rose 1.1% to 29,609, the Shanghai Index gained +0.18% to 3,539, and the Hang Seng Index gained about 0.32% to settle at 25,327. In Europe, the German DAX is up about +0.2% to 16,110, while the FTSE 100 is down roughly-0.4% at 7,350. Market Closing Prices Yesterday The S&P 500 Index gained 2.56 points, or 0.06%, to 4,649.27 The Dow Jones Industrial Average fell -158.71 points, or 0.44%, to 35,921.23 The Nasdaq Composite jumped 81.58 points, or 0.52%, to 15,704.28 The Russell 2000 Index advanced 19.56 points, or 0.82% to 2,409.14 Events Calendar for Today 10:00 AM ET University of Michigan Confidence, Nov-P 10:00 AM ET JOLTs Job Openings for September 1:00 PM EST Baker Hughes Weekly rig count data Earnings Calendar: Earnings Before the Open: BKKT, EMAN, HYZN, MOTS, MRAM, NXTD, PLXP, ROLL, SOHO, SPB, TH, VIVO Other Key Events: American Association for the Study of Liver Diseases Meeting, 11/12-11/15 ($virtual) American Academy of Ophthalmology 2021 Conference, 11/12-11/15, New Orleans Baird 51st Annual Global Industrial Conference, 11/9-11/12 ($virtual) Jefferies 2nd Annual Global Interactive Entertainment Conference, 11/11-11/12 ($virtual) Morgan Stanley Global Chemicals, Agriculture & Packaging Conference, 11/10-11/12 ($virtual) REITWorld 2021 Annual Conference, 11/9-11/12 ($virtual) Society for Immunotherapy of Cancer, 11/10-11/14, in Washington D.C. World News The U.S. has warned that Russian forces are amassing near the Ukrainian border. The U.S. has sounded the alarm, warned EU allies that Moscow may be planning to invade Ukraine, though Russia said the military deployments are on its territory and denies any aggressive intentions Eurozone Sept Industrial Production beat: -0.2% m/m vs -0.5% consensus, 5.2% y/y vs 4.1% consensus German Oct Wholesale Prices higher: 1.6% m/m vs 0.8% previous, 15.2% y/y vs 13.2% previous **Sector News Breakdown** **Consumer** Blink Charging ($BLNK) 3Q EPS ($0.36) vs est. ($0.29) on revs $6.4Mm vs est. $4.7Mm, says 3,016 charging stations contracted or sold in 3Q +351% YoY Lordstown Motors ($RIDE) Q3 EPS ($0.54) vs est. ($0.59); now expect commercial production and deliveries of its Endurance pickup truck will begin in Q3 of 2022 Volkswagen AG ($VWAGY) reports October global sales slumped 33.5% to 600,900 vehicles; YTD global sales up 2% to 7.55M vehicles; China sales slipped 37.2% to 236,500 vehicles for the month. **Energy, Industrials and Materials** Astra Space, Inc., ($ASTR) Q3 EPS ($6c) vs est. ($16c), adj EBITDA ($32.9M) vs est. ($33.5M); preparing to perform a test launch for the SpaceForce in coming week or so, subject to readiness of launch conditions; sees Q4 adj EBITDA ($44M)-($40M) vs est. ($33.7M) Ballard Power Systems ($BLDP) agrees to buy 100% of Arcola Energy, a UK-based systems engineering company specializing in hydrogen fuel cell powertrain and vehicle systems integration for total upfront and earn-out cash and share consideration of up to $40M Sundial Growers ($SNDL) rises after the Canadian cannabis producer announced a $100m share buyback alongside quarterly results **Healthcare** Johnson & Johnson ($JNJ) plans to split into two companies, according to the WSJ. The company’s consumer division, which includes Band-Aid and Tylenol, will be separated from the pharmaceutical and medical-devices businesses under the plan, according to the report. J&J will shed its consumer division in 18 to 24 months Biogen Inc’s ($BIIB) said late-stage studies found that its Alzheimer’s drug Aduhelm significantly lowered blood levels of an abnormal form of the protein tau. Tau forms toxic tangles of nerve fibers associated with the mind-wasting disease and is a target of experimental Alzheimer’s drug AstraZeneca ($AZN) Q3 core Ebit of $2.28 billion was 14% below consensus, reflecting a lower gross margin while sales were 1% below consensus, with many key growth drivers shy of expectations Co-Diagnostics ($CODX) Q3 EPS $0.38 vs. est. $0.21; Q3 revs $30.1M vs. est. $24.32M; guides FY21 EPS $1.07-$1.16 vs. est. $0.98; sees FY21 revenue $96.0M-$100.0M vs. est. $95.21M. **Technology, Media & Telecom** Luminar Technologies Inc. ($LAZR) 3Q adj EPS ($0.10) vs est. ($0.10) on revs $8Mm vs est. $8.9Mm; Cash, Cash Equivalents and Marketable Securities were $544.9M as of September 30, 2021, putting the company on track to meet its goal of ending the year with more cash than starting cash of $485.7M Phunware ($PHUN) 3Q EPS $0.01 vs est. ($0.04) on revs $2.2Mm vs est. $2.3Mm; says raised more than $65Mm and now holds approx 129 Bitcoin, committed to growing and digital currency holdings in future; says expect to add decentralized finance (defi) to corporate treasury activities

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@dros #droscrew
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$BIIB chatter

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@DarkPoolAlgo #Dark Pool Charts
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Wednesday, October 20, 2021 Futures Up/Down % Last Dow -6.00 0.02% 35,317 S&P 500 -0.25 0.02% 4,510 Nasdaq 3.50 0.02% 15,401 U.S. equity futures are mostly flat across the board ahead of another busy morning of quarterly earnings, with the recent 5-day winning streak bringing the S&P 500 to within 1% of its September all-time highs with solid corporate earnings offsetting persistent inflation concerns and a jump in Treasury bond yields. The yield on the benchmark 10-year Treasury is at morning lows around 1.63% but falling from overnight highs of 1.67%. Surging energy prices, supply chain disruptions and labor shortages are adding cost and margin pressures to a host of companies this earnings season. In earnings overnight, Netflix (NFLX) is little changed after a quarterly beat while airline UAL rises on a narrower loss. U.S. stocks climbed on Tuesday as large cap companies continued to report strong third-quarter earnings. The S&P 500 index posted its 5th straight day of gains, led by healthcare and technology stocks as the NYFANG posted a record-high close. That said, with 10 of 11 major S&P 500 sectors higher on the day, value actually slightly outperformed growth. The Dow rose 0.57%, the S&P 500 was up 0.74% and the Nasdaq moved up 0.71%. In Asian markets, The Nikkei Index rose 40 points to 29,255, the Shanghai Index slipped a few points to 3,587, and the Hang Seng Index jumped 348 points to 26,136. In Europe, the German DAX is up about 20 points to 15,540, while the FTSE 100 is little changed at 7,220. Market Closing Prices Yesterday The S&P 500 Index gained 33.17 points, or 0.74%, to 4,519.63 The Dow Jones Industrial Average rose 198.70 points, or 0.56%, to 35,457.31 The Nasdaq Composite jumped 107.28 points, or 0.71%, to 15,129.09 The Russell 2000 Index advanced 8.07 points, or 0.36% to 2,275.91 Events Calendar for Today 7:00 AM ET MBA Mortgage Applications Data 10:30 AM ET Weekly DOE Inventory Data Earnings Calendar: Earnings Before the Open: ABT, ANTM, BIIB, BKR, BOKF, CFG, CMA, FCFS, FHN, KNX, LAD, MKTX, MSM, MTB, NDAQ, NEE, NEP, NTRS, TZOO, UNF, VZ, WGO, WSO Earnings After the Close: BANR, CCI, CNS, CSX, CVLG, DFS, EFX, FR, GGG, GL, GSBC, HCCI, HLX, IBM, KALU, KMI, LRCX, LSTR, LVS, MMLP, NVEC, PMF, PFBC, PPG, REXR, RLI, RUSHA, SEIC, SLG, SLM, STL, TBK, TCBI, THC, TSLA, UFPI, UMPQ, VMI, XM Other Key Events: Samsung announces Unpacked 2 event for Wednesday Oct 20th, right after Apple and Google Needham Dispensary Bus Tour: AYRWF, CURLF, GTBIF, VRNOF, in Las Vegas, 10/20 The European Society of Gene and Cell Therapy (ESGCT) Congress 2021 is taking place virtually this year from October 19-22 Needham Virtual Global Access Inaugural Needham Biotech Private Company Virtual 1×1 Forum, 10/19-10/20 Macro Up/Down Last Nymex -0.92 82.04 Brent -0.94 84.14 Gold 8.50 1,780.90 EUR/USD -0.0004 1.1628 JPY/USD 0.09 114.46 10-Year Note +0.006 1.64% World News College enrollments plunged in 2020 to the lowest level since 2007. According to new data released by the U.S. Census Bureau on Tuesday, enrollment in schools dropped by 2.9 million from 2019 to 2020 and colleges by 615,000. Sector News Breakdown Consumer Ford ($F) upgraded to Outperform from Neutral at Credit Suisse and up tgt to $20 from $15 saying has seen a “significant turnaround” at Ford as the company has ended its cycle of quarterly earnings disappointments and its transition to electric vehicles has sharply accelerated Vinco Ventures ($BBIG) slides after the company reported the resignations of Chief Executive Officer Christopher Ferguson and Chief Financial Officer Brett Vroman Uber Technologies ($UBER) files prospectus supplement related to offering of 16.5M shares of common stock by selling stockholders United Airlines ($UAL) 3Q ADJ eps (1.02) vs est. ($1.67) on revs $7.8B vs est. $7.85B, says on track to meet 2022 targets, poised to capitalize on international reopening, says on track to reduce CASM-EX next year below 2019 levels, expects 4Q CASM-EX +12-14% vs 4q19, sees 4Q capacity to be -23% vs 4Q19; says remains on track to achieve long-term financial targets Stride ($LRN) Q1 EPS loss (-0.15) vs. est. loss (-$0.14); Q1 revs $400.2M vs. est. $359.48M; Q1 adj EBITDA $25.5M vs. $39.2M last year; Q1 total enrollment 189.6K, down 5.8% yoy; sees Q2 revs $390M-$400M vs. est. $365M WD-40 ($WDFC) 4Q EPS $0.61 on sales $115.2Mm vs est. $117.5Mm; guides FY EPS $5.24-5.38 below est. $5.76, sees FY sales $522-542Mm vs est. $517.4Mm Energy, Industrials and Materials The American Petroleum Institute (API) shows a build of 3.29M barrels of oil for the week ending October 15, gasoline inventories show a draw of 3.5M barrels, distillate inventories show a draw of 3M barrels and Cushing inventories show a draw of 2.5M barrels. Canadian National ($CNI) Q3 adj EPS C$1.52 as revs rose 5% to C$3.6B; reaffirms 2021 outlook; says on track to achieve strategic plan 2022 targets with operating performance improvements and cost initiatives well underway; qtrly operating ratio of 62.7%, up 2.8 points; said CEO to retire Marten Transport ($MRTN) Q3 EPS $0.26 vs. est. $0.25; Q3 revs $251.3M vs. est. $237.37M Vale ($VALE) said Q3 iron ore production increased 18.1% Q/Q and 0.8% Y/Y to 89.4 M mt, while output of iron ore pellets, a premium product, rose 4.1% Q/Q while falling 2.6% Y/Y to 8.3M mt Financials Citizens Financial ($CFG) Q3 EPS $1.22 vs. est. $1.16; Q3 revs $1.66B vs. est. $1.64B; provision for credit losses a benefit of $33 mln Hancock Whitney (HWC) 3Q EPS $1.46 vs est. $1.29, NII $237.5Mm vs est. $235.7Mm; qtrly pre-provision net revs $134.8Mm Interactive Brokers ($IBKR) Q3 EPS $0.78 vs. est. $0.75; Q3 revs $650M vs. est. $640.87M; Q3 customer accounts increased 57% from the year-ago quarter to 1.54M as customer equity grew 52% YoY to $353.8B; total DARTs increased 24% YoY to 2.26M and cleared DARTs increased 24% from the year-ago quarter to 2.02M United Community Bank ($UCBI) Q3 EPS $0.82 vs. est. $0.66; return on assets (ROA) was 1.48% and its return on common equity was 14.3% for the quarter; quarter benefited from an allowance release of $11.0 million, reflecting continued improvement in economic conditions and forecasts; Total loans decreased by $200 million during the quarter Wintrust Financial ($WTFC) Q3 EPS $1.77 vs. est. $1.52; Total deposits increased by $1.1 billion, including a $459 million increase in non-interest-bearing deposits; net interest income increased by $7.9 million as compared to Q2 Stronghold Digital Mining ($SDIG)69M share IPO priced at $19.00 Healthcare Novavax ($NVAX) slides around -20% on reports the company is facing production delays as the methods it used to test the purity of its COVID-19 vaccine have fallen short of U.S. regulators’ standards, Politico reported on Tuesday. NVAX, in a filing in Aug, said that U.S. govt has asked co to prioritize alignment with FDA on its analytic methods before manufacturing more doses https://politi.co/3FWQAOW Anthem ($ANTM) Q3 adj EPS $6.79 vs. est. $6.37; Q3 revs $35.5B vs. est. $35.3B; raises FY21 adj EPS view to greater than $25.85 vs. est. $25.65 (prior view was greater than $25.50); for FY21, says operating cash flow is now expected to be greater than $6B; Medical enrollment totaled approximately 45.1M members at September 30, 2021, an increase of 2.4M or 5.7% YoY ATI Physical Therapy ($ATIP) cuts FY21 revenue view to $620M-$630M from $640M-$670M (est. $652.72M) and cuts FY21 adjusted EBITDA view to $40M-$44M from $60M-$70M due to lower-than-expected patient volume Akero (AKRO) receives FDA fast track designation for Efruxifermin for the treatment of NASH Context Therapeutics (CNTX) 5M share IPO priced at $5.00 Technology, Media & Telecom Netflix ($NFLX) 3Q EPS $3.19 vs est. $2.56 on revs $7.5Mm vs est. $7.48Mm, net adds 4.38Mm vs est. 4Mm; sees 4Q net adds 8.5Mm vs est. 8.3Mm, sees 4Q revs $7.71Mm vs est. $7.68Mm, sees 4Q op margin about 6.5%; guides FF positive on annual basis in 2022 and beyond; said it believes no longer needs to raise external financing to fund day-to-day ops Omnicom ($OMC) Q3 EPS $1.65 vs. est. $1.37; Q3 revs $3.435B vs. est. $3.44B; Q3 operating margin increased to 15.8% compared to 15.6% same period last year; qtrly increase in revenue from organic growth of 11.5%; says global economic conditions may continue to be volatile as long as covid-19 remains, which could negatively impact clients’ spending plans ASML Holding NV ($ASML) reported a Q3 profit rise of 64%, beating analysts’ consensus, and said that demand continues to be high; net profit for the quarter ended Oct. 3 rose to 1.74 billion euros ($2.02 billion) compared consensus of EUR1.63 billion; net sales for the quarter were EUR5.24 billion compared with guidance of between EUR5.2 billion and EUR5.4 billion Samsung ($SSNLF) and Intel ($INTC) are both seeking to win orders for Apple’s ($AAPL) in-house developed Mac processors, but industry sources believe TSMC (TSM) will remain the sole supplier for the next-generation Mac series – Digitimes Facebook ($FB) is set to announce a rebranding that could see the creation of a newly-named parent company — in the sprit of Alphabet and Google — that sits atop its network of social media and communications apps. – The Verge reports

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@DarkPoolAlgo #Dark Pool Charts
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Tuesday, October 19, 2021 Futures Up/Down % Last Dow 125.00 0.34% 35,254 S&P 500 2o.25 0.45% 4,497 Nasdaq 52.50 0.34% 15,343 U.S. stock markets are looking to open higher, extending the winning streak for the S&P 500 to 5-days ahead of a busy morning of quarterly earnings, including vaccine maker and Dow component Johnson & Johnson (JNJ) and Procter & Gamble (PG). A modest pullback in 10-year Treasury note yields, which traded at 1.584% overnight, and a weaker U.S. dollar are also providing early support Tuesday. Oil prices look to extend gains, with WTI crude and Brent pushing higher. In Asian markets overnight, The Nikkei Index jumped 190 points to 29,215, the Shanghai Index rose 25 points to 3,593, and the Hang Seng Index climbed 377 points (1.49%) to 25, 787. In Europe, the German DAX is up a few points to trade just under 15,500, while the FTSE 100 also edges higher above the 7,200 level. U.S. stocks finished higher on Monday as investors prepare for strong earnings this week with 72 of the S&P 500 expected to report this week while overlooking worries over inflation, supply-chain issues and energy supply as oil prices closed higher again. Data Sunday night showed growth in China slowed to 4.9% for 3Q, hurt by a crackdown on tech, and real estate as well as power-shortage and supply-chain problems. Heavy weight tech stocks helped paced gains again on Monday ahead of key earnings from Netflix tonight and Tesla, Intel later this week. Small cap stocks, banks and energy were among underperformers as the Dow Jones Industrial Average finished Monday lower. Market Closing Prices Yesterday The S&P 500 Index gained 15.09 points, or 0.34%, to 4,486.46 The Dow Jones Industrial Average fell -36.15 points, or 0.10%, to 35,258.61 The Nasdaq Composite spiked 124.47 points, or 0.84%, to 15,021.81 The Russell 2000 Index advanced 2.19 points, or 0.10% to 2,267.84 Events Calendar for Today 7:45 AM ET ICSC Weekly Retail Sales 8:30 AM ET Housing Starts MoM for September 8:30 AM ET Building Permits MoM for September 8:55 AM ET Johnson/Redbook Weekly Sales 4:30 PM ET API Weekly Inventory Data Earnings Calendar: Earnings Before the Open: BK, CBSH, DOV, FITB, FMBI, HAL, IRDM, JNJ, KSU, MAN, MRTN, ONB, PG, PM, SBNY, SI, SNV, SYF, TRV Earnings After the Close: EQBK, FULT, IBKR, ISRG, LRN, NFLX, OMC, PZN, SMBK, UAL, UCBI, WDFC, WTFC Other Key Events: Google ($GOOGL) announced a virtual event for October 19th at 1PM ET / 10AM PT, officially introducing the Pixel 6 and Pixel 6 Pro The European Society of Gene and Cell Therapy (ESGCT) Congress 2021 is taking place virtually this year from October 19-22 Needham Virtual Global Access Inaugural Needham Biotech Private Company Virtual 1×1 Forum, 10/19-10/20 Macro Up/Down Last Nymex 0.99 83.43 Brent 0.53 84.86 Gold 14.10 1,781.70 EUR/USD 0.0055 1.1663 JPY/USD -0.21 114.09 10-Year Note +0.008 1.592% World News Senate Democrats on Tuesday will unveil a scaled-back version of a Biden administration proposal to crack down on wealthy tax cheats after conservative groups and the bank industry raised major privacy concerns, three people with knowledge of the coming announcement said, the Washington Post reported. Initially, the Department of Treasury and Senate Democrats had proposed requiring financial institutions to provide the Internal Revenue Service with additional information on bank accounts with more than $600 in annual deposits or withdrawals RBA Minutes of Oct Meeting: Reiterates they won’t hike rates until CPI is stably in 2-3% target band, central estimate is that economy will return to growth in Dec Qtr of this year & to pre Delta path in H2 2022, Delta interrupted Australian economic recovery, less accommodative policy would all else equal , see lower housing prices/credit growth but would also result in fewer jobs & lower wages Sector News Breakdown Consumer Tupperware Brands Corporation ($TUP) announces the entry into a definitive agreement for the sale of its House of Fuller beauty business in Mexico Energy, Industrials and Materials Halliburton ($HAL) Q3 adj EPS $0.28 vs. est. $0.28 on revs $3.86B vs. est. $3.9B Hexcel Corp. ($HXL) Q3 adj EPS $0.13 vs. est. $0.08; Q3 sales rise 16% YoY to $333.8M vs. est. $348.7M; commercial aerospace sales rise 30% YoY to $167.2M, space & defense sales up 1.5% YoY to $110.4M and industrial sales rise 14% YoY to $56.2M Steel Dynamics ($STLD) Q3 adj EPS $4.96 vs. est. $4.57; Q3 revs $5.1B vs. est. $4.98B; believe shipments could be in range of 2.0 mln tons to 2.2 mln tons in 2022; Record steel and steel fabrication operating income of $1.4 billion and $89 million, respectively; record cash flow from operations of $631 million and record adjusted EBITDA of $1.4 billion TechnipFMC ($FTI) and Talos Energy ($TALO) announced that they have entered into a long-term strategic alliance to develop and deliver technical and commercial solutions to Carbon Capture and Storage projects along the United States Gulf Coast AgEagle Aerial Systems ($UAVS) entered into a definitive agreement to buy Sensefly from Parrot at a valuation of $23M in cash and stock Financials Crypto stocks ($COIN, $MARA, $RIOT, $MSTR) in the spotlight as Bitcoin continued its climb toward all-time highs (last above $62K), bolstered by optimism over the launch of the first Bitcoin futures exchange-traded fund in the U.S. on Tuesday Silvergate Capital ($SI) Q3 EPS $0.88 vs. est. $0.71; did not record a provision for loan losses for the Q3, Q2 or Q3 of FY20 as a result of management’s assessment of the level of the allowance for loan losses, and the amount and mix of the loan portfolio, among other factors; book value per common share was $33.10, compared to $32.84 at June 30, and $15.18 at September 30, 2020 Bank of New York ($BK) Q3 EPS $1.04 vs. est. $0.99; Q3 revs $4.0B vs. est. $3.95B; qtrly total noninterest expense of $2.9 billion, increased 9%; at qtr end, aum of $2.3 trillion, increased 13%; qtrly total fee and other revenue of $3.39 bln vs $3.14 bln; qtrly asset servicing fees $1.22 bln vs $1.17 bln Commerce Bancshares ($CBSH) q3 eps $1.05 vs. Est. $0.99, q3 revenue $351.54m vs. Est. $349.85m Fifth Third ($FITB) Q3 EPS $0.97 vs. est. $0.91; raises dividend by 11%; Q3 NII $1.19B vs. $1.17B Synovus ($SNV) Q3 adj EPS $1.20 vs. est. $1.08; Q3 net charge-off ratio declined 6 bps from prior quarter to 0.22%; the non-performing loan and asset ratios each fell 1 bp to 0.41% and 0.45%, respectively; and criticized and classified loans declined 22% Credit Suisse ($CS) is in discussions with the U.S. government to settle a criminal investigation regarding the bank’s role in a $42B Mozambique bond scandal – Bloomberg Berkshire Hills Bancorp, Inc. ($BHLB) has entered into a partnership with Upstart (UPST), a leading artificial intelligence (AI) lending platform designed to improve access to affordable credit while reducing the risk and costs of lending. Equity LifeStyle Property ($ELS) 3Q adj FFO/share $0.65 vs. est. $0.62 on revs $332.9Mm vs est. $171.1Mm EverQuote ($EVER) guides 3Q revs $106.5-107.5Mm vs est. $110.2Mm; sees 3Q net loss $6.0-5.5Mm vs est. net loss $4.7Mm; plans to implement approx 10% structure reduction in non-marketing op exp FB Financial ($FBK) 3Q adj EPS $0.89 vs est. $0.81, NII on tax-equivalent basis $89.2Mm vs est. $88.5Mm PacWest Bancorp ($PACW) 3Q EPS $1.17 vs est. $1.03; NII $279.8Mm vs est. $278.4Mm ServisFirst Bancshares, Inc. ($SFBS) Q3 EPS $0.96, in-line with estimates; Total loans grew $163.1 million, or 8% annualized, during the quarter, while loans, excluding the impact of Paycheck Protection Program (“PPP”) loan forgiveness, grew $370.4 million, or 18% annualized; Book value per share increased to $20.56, a 17% increase year-over-year Zions Bancorp ($ZION) Q3 EPS $1.45 vs. est. $1.33; loan growth excluding PPP loans, was 5.6% on an annualized basis; reported continued strong deposit growth at an annualized pace of 9.3%; announced $46 million reversal of loss reserves into income (compared to positive +$55 mln); qtrly net interest income remained stable at $555 million Healthcare Johnson & Johnson ($JNJ) Q3 adj EPS $2.60 vs. est. $2.35; Q3 revs $23.34B vs. est. $23.72B; maintained its 2021 sales forecast for its COVID-19 vaccine at $2.5 billion and reported $502 million in sales of the single-dose shot in Q3; raises FY21 adjusted EPS view to $9.65-$9.70 from $9.50-$9.60 and boosts FY21 revenue view to $94.1B-$94.6B from $93.8B-$94.6B (est. $94.3B) Sage Therapeutics ($SAGE) and Biogen ($BIIB) announce plans to submit a new drug application (NDA) for Zuranolone to the U.S. FDA in the second half of 2022 with rolling submission expected to start in early 2022 Following the pre-NDA meeting, the companies confirmed the current efficacy and safety databases are expected to be adequate for filing with confirmed pathways for MDD and PPD. The planned initial submission package will be for the treatment of MDD with an anticipated PPD filing thereafter The FDA intends to allow Americans to get a different COVID-19 vaccine as a booster from the one that originally had, The New York Times’ reported, which could reduce the appeal of Johnson & Johnson ($JNJ) vaccine and provide flexibility to doctors and other vaccinators The U.S. FDA has approved Reddy’s Laboratories’ ($RDY) generic version of Bristol-Myers Squibb’s ($BMY) multiple myeloma treatment Revlimid (lenalidomide) capsules. Calithera Biosciences ($CALA) is acquiring two clinical-stage compounds from Takeda Pharmaceutical (TAK) to bolster its precision oncology pipeline in a cash and stock deal; Calithera will pay $10M upfront cash and $35M in Calithera Series A preferred stock. Entasis Therapeutics ($ETTX) announces positive topline results for sulbactam-durlobactam (SUL-DUR) from Phase 3 ATTACK trial; SUL-DUR first to achieve statistical non-inferiority in 28-day all-cause mortality in carbapenem-resistant Acinetobacter ($CRAB) patients; Statistically significant difference in clinical cure at Test of Cure vs. colistin; targeting NDA submission in mid-2022 Paratek Pharmaceuticals ($PRTK) announces enrollment of first patient in phase 2b study evaluating Nuzyra® (omadacycline) for nontuberculous mycobacterial pulmonary disease caused by mycobacterium abscesses complex Technology, Media & Telecom Micron ($MU): Commodity DRAM prices likely to fall 15-20% in 1Q22. Following peak shipments in the second and third quarters, the memory sector has entered a period of correction in the fourth quarter of 2021 that may last for 1-2 quarters, and commodity DRAM prices, in particular, will face higher downward pressure – Digitimes.com https://bit.ly/3G2l5D5

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Monday, October 18, 2021 U.S. equity futures are looking lower after posting strong gains last week, with oil prices extending their near-term rally into a ninth consecutive week, as concerns over surging inflation pressures and the weakest China growth rate in more than a year tamed optimism linked to a strong start to the third quarter earnings season. Chinese Q3 GDP missed, rising +0.2% q/q vs 0.5% consensus, and was +4.9% y/y vs 5.2% consensus amid a rolling power crisis, supply chain disruptions and a crackdown on the tech sector. In the U.S., the earnings flood begins this week with 72 names in the S&P 500 expected to report quarterly results this week. In corporate news today, Apple (AAPL) is holding its second major launch event of the Fall where it is expected to unveil the first redesign of its MacBook Pro laptop in at least five years (starts at 1:00 PM ET). In Asian markets, The Nikkei Index dipped -43 points to 29,025, the Shanghai Index slipped a few points to settle at 3,568, and the Hang Seng Index rose 78 points to 25,409. In Europe, the German DAX is lower by -0.6% or nearly 100-points to drop below 15,500, while the FTSE 100 dips -0.3% to hold above the 7,200 level. U.S. stocks look to build on last week’s gains where large-cap tech names propelled the advance Friday, with shares of Amazon.com (AMZN) and Tesla (TSLA) each rising more than 3% on no specific news, while the SmallCap Russell 2000 underperformed, falling -0.35% as investors bailed on value stocks for growth stocks. Strong quarterly earnings from Dow component Goldman Sachs (GS) also boosted financials as investors prepare for a flood of reports next week. Shares of cryptocurrency and blockchain-related firms gained last week as bitcoin topped $60,000 for the first time since April, with expectations growing that U.S. regulators would allow a futures-based ETF. Market Closing Prices Yesterday The S&P 500 Index jumped 33.11 points, or 0.75%, to 4,471.37 The Dow Jones Industrial Average rose 382.20 points, or 1.09%, to 35,294.76 The Nasdaq Composite climbed 73.91 points, or 0.50%, to 14,897.34 The Russell 2000 Index declined -8.52 points, or 0.37% to 2,265.65 Events Calendar for Today 9:15 AM ET Industrial Production MoM for September…est. +0.2% 9:15 AM ET Capacity Utilization for September…est. 76.5% 10:00 AM ET NAHB Housing Market Index for October…est. 76 4:00 PM ET Net Long-term TIC Flows for August Earnings Calendar: Earnings Before the Open: ACI, GNTY, STT Earnings After the Close: CFB, ELS, FBK, FNB, HXL, PACW, SFBS, STLD, ZION Other Key Events: Apple (AAPL) announces October 18th event (New MacBooks, a Mac Mini, and AirPods are anticipated) Macro Up/Down Last Nymex 1.43 83.71 Brent 1.11 85.97 Gold -6.70 1,763.50 EUR/USD -0.0012 1.1586 JPY/USD 0.15 114.37 10-Year Note +0.042 1.618% World News China’s industrial output rose +3.1% in September from a year earlier, missing expectations of up +4.5%, and slowing from 5.3% in August, official data showed. Retail sales grew +4.4% in September on-year, compared with a forecast 3.3% increase and a 2.5% rise in August. Fixed asset investment increased +7.3% in the first nine months from the same period a year earlier, missing expectations for a +7.9% rise Chinese Q3 GDP missed, rising +0.2% q/q vs 0.5% consensus; +4.9% y/y vs 5.2% consensus; Chinese Q3 GDP YTD missed +9.8% y/y vs 10.1% consensus; Chinese Sep Unemployment Rate lower: 4.9% vs 5.1% consensus Sector News Breakdown Consumer Lennar ($LEN) said its board increased share repurchase authorization by up to the lesser of $1 billion in purchase price, or 25 million in shares, of the outstanding Class A or Class B common stock Zillow Group ($ZG) is taking a break from buying U.S. homes after the online real estate giant’s pivot into tech-powered house-flipping hit a snag, Bloomberg reported saying after buying more than 3,800 homes in Q2, it will stop pursuing new home purchases as it works through a backlog of properties already in its pipeline Energy, Industrials and Materials S. crude oil futures closed at fresh seven-year highs last week at $82.28 for WTI crude and $8.86 for Brent as a natural gas supply crunch in Europe and optimism about demand in the U.S. continued to propel the recent rally. For the week, WTI rose 3.7% and Brent added 3%, the eighth straight weekly gain for both. Occidental Petroleum ($OXY) upgraded to Buy from Hold at Truist Steel Dynamics ($STLD) downgraded to Equal Weight from Overweight at Morgan Stanley and firm also downgraded S. Steel (X) to Underweight from Equal Weight Virgin Galactic ($SPCE) downgraded to Sell from Neutral at UBS with $15 tgt Healthcare Biogen Inc’s ($BIIB) said a late-stage experimental treatment for an inherited form of amyotrophic lateral sclerosis (ALS) failed to reach its main goal, but secondary measures and biomarkers showed favorable trends. Tofersen is designed to suppress the production of SOD1, a protein that can accumulate to toxic levels in ALS patients with mutations in a specific gene. Revance ($RVNC) shares fell over -30% late Friday after the FDA declined to approve its frown line injection treatment, citing issues with the company’s manufacturing facility; o other concerns were raised by the agency Avadel ($AVDL) shares slide over -20% after saying the U.S. FDA notified the co that the agency is still reviewing the marketing application of its sleep disorder drug, FT218, and the decision will likely not be taken this month (prior review was expected by Oct. 15) Omeros Corporation ($OMER) said they received a Complete Response Letter (CRL) from the U.S. FDA regarding its Biologics License Application ($BLA) for narsoplimab in the treatment of hematopoietic stem cell transplant-associated thrombotic microangiopathy ($HSCT-TMA). PTC Therapeutics ($PTCT) downgraded to Underperform from Neutral at Bank America with a $38 price target Oyster Point Pharma ($OYST) announced that the FDA has approved Tyrvaya Nasal Spray 0.03 mg for the treatment of the signs and symptoms of dry eye disease MeiraGTx ($MGTX) mentioned positively in Barron’s saying shares could more than double as the company will present its gene-regulating “switches” at next week’s conference of the European Society of Gene and Cell Therapy, and to Wall Street investors in mid-December. Notes shares have fallen from a 2019 peak of $30 to a recent $14, leaving its market cap below $600 million The plan to roll out Merck & Co’s ($MRK) promising antiviral pill to treat COVID-19 risks repeating the inequities of vaccine distribution, potentially leaving the nations with the greatest need once again at the back of the line, international health groups say – Reuters Technology, Media & Telecom Dell Inc. ($DELL) with a positive mention in Barron’s saying the company is about to become much more attractive to investors as it prepares to spin off its valuable stake in software maker VMware (VMW) in early November, arguing that Dell will emerge with a solid balance sheet and simpler structure. Netflix ($NFLX) estimates that its latest megahit, “Squid Game,” will create almost $900 million in value for the company, and only cost about $21M to make. Netflix estimates that 89% of people who started the show watched at least 75 minutes – more than one episode – and 66% of viewers, or 87 million people, have finished the series in the first 23 days Disney ($DIS) downgraded to Equal Weight from Overweight at Barclays and cut tgt to $175 from $210 Members of a congressional committee questioned whether Amazon (AMZN) executives misled them during an investigation of the company’s business practices and if they may have lied under oath – WSJ reports Upstart ($UPST) downgraded to Underperform from Neutral at Bank America saying the LT thesis intact, but near-term upside priced in

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Wednesday, October 13, 2021 Futures Up/Down % Last Dow 34.00 0.10% 34,295 S&P 500 5.75 0.14% 4,346 Nasdaq 61.75 0.42% 14,715 U.S. futures recover from overnight losses ahead of Dow component JPMorgan earnings and inflation data later this morning (CPI), reversing overnight losses despite weakness in Dow component Apple (AAPL), which is down about -0.5% after reports it expects to make 10 million fewer iPhone than planned and is poised to slash iPhone production goal due to chip crunch. Oil prices and Treasury yields decline, while gold rises ahead of a key reading of consumer price September inflation. Futures are getting a boost after better economic data in China as September exports rose 28.1% from last year as consumer demand outpace supply chain disruptions and power shortages, while last night’s passage of a debt ceiling extension by House lawmakers puts at least one market concern to the side until early December. In Asian markets, The Nikkei Index fell -90 points to 28,140, the Shanghai Index rose 14 points to 3,561 and the Hang Seng Index was closed. In Europe, the German DAX is up over 100 points to 15,250, while the FTSE 100 is slightly lower at 7,120. U.S. stocks ended lower following a choppy session on Tuesday, with investors nervous about upcoming third-quarter earnings reports. In addition to the CPI data, the Federal Reserve will release minutes from its last policy meeting, and investors are looking for further clues on when the central bank could begin tapering its bond-buying program. Market Closing Prices Yesterday The S&P 500 Index dropped -10.54 points, or 0.24%, to 4,350.65 The Dow Jones Industrial Average fell -117.72 points, or 0.34%, to 34,378.34 The Nasdaq Composite slipped -20.28 points, or 0.14%, to 14,465.92 The Russell 2000 Index advanced 13.63 points, or 0.61% to 2,234.27 Events Calendar for Today 7:00 AM ET MBA Mortgage Applications Data 8:30 AM ET Consumer Price Index (CPI) Headline MoM for September…est. +0.3% 8:30 AM ET CPI Core: Ex Food & Energy MoM for September…est. +0.2% 8:30 AM ET Consumer Price Index (CPI) Headline YoY for September…est. +5.3% 8:30 AM ET CPI Core: Ex Food & Energy YoY for September…est.+4.0% 10:30 AM ET Weekly DOE Inventory Data 4:30 PM ET API Weekly Inventory Data Earnings Calendar: Earnings Before the Open: AYR, BLK, DAL, JPM, SOTK Earnings After the Close: ETWO, ODC Other Key Events: China CPI, PPO for September Macro Up/Down Last Nymex -0.56 80.08 Brent -0.60 82.82 Gold 11.60 1,772.80 EUR/USD 0.0034 1.1562 JPY/USD -0.04 113.56 10-Year Note -0.015 1.565% World News China September exports rose1% from last year as consumer demand outpace supply chain disruptions and power shortages Japanese Core Machine Orders (M/M) Aug: -2.4% (exp 1.4%; previous 0.9%); Core Machine Orders (Y/Y) Aug: 17.0% (exp 13.9%; previous 11.1%) The House on Tuesday voted along party lines to raise the U.S. borrowing limit into December, as Democratic lawmakers wrestled with how to set a new ceiling for U.S. debt later this year over Republican resistance. Sector News Breakdown Consumer Duckhorn Portfolio Inc ($NAPA) said selling stockholders are offering 12 mln shares of common stock Monster Beverage ($MNST) downgraded to Hold from Buy at Jefferies Energy, Industrials and Materials International Paper ($IP) announces up to $2B share repurchase program Boeing ($BA) is the latest federal contractor to mandate COVID-19 vaccinations for all employees by December 8 under the Biden administration’s new rules saying its 125K U.S. employees must show proof of vaccination or have an approved religious or medical exemption by the deadline. Yesterday, Chicago soybean futures fell to the lowest level in nearly a year following a U.S. Department of Agriculture report that showed larger than expected yields of soybeans and corn; the USDA showed an uptick of nearly 100M bushels to U.S. corn ending stocks Glencore Plc ($GLNCY) said that it had reached an agreement to sell its zinc business in Bolivia to Canada’s Santa Cruz Silver Mining for some $110M Rattler Midstream LP ($RTLR), a subsidiary of Diamondback Energy, Inc. (FANG) announces strategic midland basin gas gathering & processing joint venture; invested approximately $104 mln in cash to acquire a minority interest in joint venture Vistra ($VST) announces $2 billion share repurchase program Gran Tierra Energy Inc. ($GTE) said that Q3 production grew 53% and that it expects the gains to continue in Q4; said it has produced an average of 28,957 barrels of oil a day in the quarter, compared with 18,944 barrels a day in the prior year period and 23,035 barrels a day QoQ Greenbrier ($GBX) announced the acquisition of more than 3,600 railcars, a portion of which will be held in GBX Leasing Financials BlackRock ($BLK) Q3 adj EPS $10.95 vs. est. $9.35; Q3 revs $5.05B vs. est. $4.9B; qtrly long-term net inflows of $98 billion; assets under management at qtr-end were $9.46 trillion vs $7.81 trillion at end of Q3 AvidXchange ($AVDX)64M share IPO price $25.00 AllianceBernstein L.P. ($AB) preliminary assets under management decreased to $742 billion during September 2021 from $761B at the end of August. Firmwide net inflows were outweighed by market depreciation, resulting in a 2% decline in AUM. In the month of September, net inflows to Retail and Private Wealth were partially offset by net outflows from Institutions. Ellington Financial Inc ($EFC) commenced an underwritten public offering of 5 mln shares of common stock RenaissanceRe Holdings Ltd. ($RNR) estimates that losses from certain 2021 catastrophe events will have a net negative impact of approximately $725 million on the Company’s Q3 results of operations Manning & Napier ($MN) preliminary assets under management (AUM) of $22B for September, compared with $22.7B as of Aug.31. Healthcare Sarepta ($SRPT) announces $500M common stock offering and guiding Q3 revs about $166.9M vs. est. $172M; had approximately $1.6 bln in cash, cash equivalents and investments as of September 30, 2021 CRISPR Therapeutics ($CRSP) shares slipped after announcing updated results from the company’s early-stage trial of its CAR-T cell therapy CTX110 as two patients in the phase 1 trial experienced Grade 3 or higher infections, with one patient having HHV-6 encephalitis, and another developing pseudomonal sepsis that resolved in four days. CytoSorbents ($CTSO) receives full FDA investigational device exemption approval to begin U.S. star-d trial on apixaban and rivaroxaban removal by the DrugSorb-ATR™ antithrombotic removal system during urgent cardiothoracic surgery Homology Medicines ($FIXX) announced the pheEDIT Phase 1 clinical trial for HMI-103, a one-time, in vivo product candidate that utilizes a gene editing approach for phenylketonuria, or PKU, based on the investigational new drug application, or IND, clearance from the FDA Apollo EndoSurgery ($APEN)4M share Spot Secondary priced at $7.75 Bicycle Therapeutics ($BCYC)24M share Secondary priced at $54.00 Relay Therapeutics ($RLAY)21M share Secondary priced at $26.50 Biogen ($BIIB) announces results of a new analysis of immune response to the COVID-19 vaccine among people with multiple sclerosis (MS). Teva Pharmaceuticals Europe BV, a European affiliate of Teva ($TEVA) presents new analyses of the COBRA study, which concluded no evidence was found to suggest that infants were adversely affected by maternal exposure to glatiramer acetate (GA) during pregnancy and breastfeeding with use of COPAXONE Technology, Media & Telecom Apple ($AAPL) suppliers Broadcom ($AVGO), Texas Instruments ($TXN) struggling to deliver enough chips; Apple expects to make 10 million fewer iPhone than planned and is poised to slash iPhone production goal due to chip crunch – Bloomberg (watch shares of $AAPL suppliers including $CRUS, $QRVO, $STM, $AVGO, $SWKS) SAP AG ($SAP) raised its 2021 projections for non-IFRS cloud revenue at constant currencies to range from EUR9.4B to EUR9.6B, up from its earlier view of EUR9.3 billion and EUR9.5 billion; also boosts cloud and software revenue at constant currencies view to EUR23.8 billion to EUR24.2 billion from its earlier view of EUR23.6 billion to EUR24 billion. Qualcomm ($QCOM) announces new $10.0 billion stock repurchase authorization IAC Inc. ($IAC) reports September Angi Inc. total revenue up 18% from last year with Dotdash revenue up 25%, and its Search business revenue up 74% from last year and Emerging & Other revenue was up 33% from last year Vimeo Inc ($VMEO) total revenue for September 2021 up 33%; subscribers for September 2021 up 14%; ARPU for September 2021 up 16% Smart Global Holding ($SGH) Q4 adj EPS $2.16 vs. est. $1.60; Q4 revs $467.7M vs. est. $461.3M; sees Q1 adj EPS $1.80-$2.20 vs. est. $1.49; sees Q1 revenue $440M-$480M vs. est. $458.55M; GAAP gross margin of 25.2%, up 620 basis points versus the year ago quarter and non-GAAP gross margin of 26.4%, up 690 basis points versus the year ago quarter VOXX International ($VOXX) 2Q EPS $0.01 vs est. $0.07 on sales $143.1Mm vs est. $134.4Mm

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$BIIB to $447 interesting upgrade

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Tuesday, September 28, 2021 Futures Up/Down % Last Dow -120.00 0.37% 34,614 S&P 500 -36.25 0.81% 4,397 Nasdaq -232.50 1.53% 14,962 U.S. stock futures are sharply lower, extending losses in tech as Treasury yields keep climbing (10-year hit 1.55% overnight), hitting growth stocks while the debt ceiling showdown in Washington D.C. intensifies with markets awaiting news on the House vote Thursday on the $1T bipartisan infrastructure bill, as Democrats work to build a consensus on the $3.5T reconciliation bill. If the two sides can’t agree on the bill that Democrats recently attached to the federal debt ceiling limit, the country could see a partial gov’t shutdown by Friday. Politico reported that Democrats are hinting they could be willing to drop the debt ceiling from their government funding package this week in order to avoid a government shutdown. The 10-year Treasury yield is up more than 4 basis points to 1.53% after topping 1.55% earlier while the 5-year is setting new records for the year and is up 2 bps to 1.02%. There will be an auction of $62B in 7-year notes this afternoon. The move higher is coming as concerns about inflation rise, especially in commodities as oil is up again, with WTI futures above $76 per barrel and Brent futures topping $80. In Asian markets, The Nikkei Index fell -56 points to 30,183, the Shanghai Index gained 19 points to 3,602 and the Hang Seng Index climbed 291 points to 24,500. In Europe, the German DAX is down -180 points (1.15%) to drops below 15,400, while the FTSE 100 slides -30 points to 7.025. The Dow Jones Industrial Average advanced on Monday with the S&P 500 and Nasdaq falling amid rising Treasury yields (up a 5th straight day) raising concerns for growth stocks while global oil price reached its highest level since October 2018. Brent crude gains 2.1% to $78.81, sending the energy sector soaring and WTI crude topped $75 per barrel, also best levels in about 3-years. Durable goods orders posted their biggest increase since May, rising 1.8% for August and handily beating economists. Notably, small-capitalization stocks advanced sharply on the session, aided by a gain in energy shares which themselves were helped by a rally in crude-oil prices. U.S. natural gas futures soared 11% to a seven-year high as record global gas prices kept demand for U.S. liquefied natural gas ($LNG) exports strong. On its second to last day as the front-month, gas futures for October delivery rose 56.6 cents, or 11.0%, to settle at $5.706 per million British thermal units (highest close since February 2014). Market Closing Prices Yesterday The S&P 500 Index slipped -12.37 points, or 0.28%, to 4,443.11 The Dow Jones Industrial Average rose 71.37 points, or 0.21%, to 34,869.37 The Nasdaq Composite dropped -77.73 points, or 0.52%, to 14,969.97 The Russell 2000 Index advanced 32.93 points, or 1.46% to 2,281.00 Events Calendar for Today 7:45 AM ET ICSC Weekly Retail Sales 8:30 AM ET Advance Goods Trade Balance for Aug 8:30 AM ET Wholesale Inventories for Aug 8:55 AM ET Johnson/Redbook Weekly Sales 9:00 AM ET Monthly Home Price MoM for July 9:00 AM ET S&P CaseShiller 20 City MoM for July 10:00 AM ET Consumer Confidence for Sept 10:00 AM ET Richmond Fed Index for Sept 1:00 PM ET U.S. to sell $62 bln 7-year notes 4:30 PM ET API Weekly Inventory Data Earnings Calendar: Earnings Before the Open: FDS, SNX, THO, UNFI Earnings After the Close: CALM, MU, NTWK, PCYG, PEYE Other Key Events: BMO Capital Washington DC Property Tour, 9/27-9/28 Cantor Global Healthcare Conference (virtual), 9/27-9/30 Oppenheimer ESG Summit: Navigating the ESG & Climate Transition, 9/28 Wolfe Utilities & Midstream Conference 2021, 9/28-9/31 Macro Up/Down Last Nymex 0.87 76.32 Brent 0.66 80.19 Gold -12.00 1,738.00 EUR/USD -0.0016 1.1679 JPY/USD 0.37 111.37 10-Year Note +0.036 1.52% World News Senate GOP (as expected) blocks bill that would fund government and suspend debt limit, as time runs short to avoid shutdown and default. Lawmakers have to pass an appropriations bill by Thursday to avoid a shutdown, and need to suspend or increase the debt limit sometime in the coming weeks to prevent a default Goldman’s revised China GDP forecast to 0% Q/Q in Q3, down from 1.3% and cuts China 2021 GDP growth forecast to 7.8% vs. 8.2% Sector News Breakdown Consumer Endeavor Group Holdings, Inc. ($EDR) shares rise 10% as has entered into an agreement to acquire OpenBet, a leading content, platform and service provider to the sports betting industry, from Scientific Games Corporation (SGMS) for $1.2 billion paid through a combination of cash ($1 billion) and Endeavor’s Class A common stock ($200 million). Ford ($F) unveiled plans to team with South Korean battery maker SK Innovation to spend $11.4B to build an electric F-150 assembly plant and three battery plants in the U.S., in a substantial acceleration of its push into electric vehicles. Ford will build two massive battery factories in Glendale, Ky., and a third in Stanton, Tenn., alongside a new truck factory set to begin producing electric F-series pickups by 2025 Manchester United plc ($MANU) files for potential mixed shelf; size not disclosed Energy, Industrials and Materials Sempra Energy ($SRE) updating its 2021 financial guidance. As full-year 2021 GAAP earnings-per-common-share (EPS) guidance range is updated from $7.41 to $8.01 to $3.83 to $4.43, while the company is also guiding to the upper end of the range for its full-year 2021 adjusted EPS guidance of $7.75 to $8.35 Activist hedge fund Starboard Value LP has a more-than-8% stake in Huntsman Corp. ($HUN) and plans to agitate for change at the chemical’s producer, according to people familiar with the matter, the WSJ reported after the close last night. Huntsman has a market value of roughly $6.3 billion, making Starboard’s stake worth around $500 million or more Agnico Eagle Mines Limited ($AEM) and Kirkland Lake Gold Ltd. ($KL) have entered into an agreement to combine in a merger of equals, with the combined company to continue under the name “Agnico Eagle Mines Limited”. Kirkland Lake Gold shareholders will receive 0.7935 of an Agnico Eagle common share for each Kirkland Lake Gold common share held Financials Concentrix Corporation ($CNXC) Q3 EPS $2.49 vs. est. $2.24; Q3 revs $1.397B vs. est. $1.38B; sees Q4 revs $1.44B-$1.48B; board has authorized co to purchase up to $500 mln of co’s outstanding shares from time to time; raises double-digit revenue growth expectations for the full year Montrose Environmental Group Inc. ($MEG) said it intends to offer for sale 1.8 mln shares of its common stock in an underwritten public offering IHS Markit ($INFO) Q3 adj EPS $0.85 vs. est.$0.83; Q3 revs $1.18B vs. est. $1.17B; raises FY21 adjusted EPS view to $3.18-$3.20 from $3.15-$3.17 (est. $3.17) and lowers FY21 revenue view to $4.61B-$4.63B from $4.635B-$4.675B Healthcare Merck (MRK) is in advanced discussions to acquire Acceleron Pharma ($XLRN), with the deal potentially being announced this week if talks do not break down, the WSJ reported. https://on.wsj.com/3F7QtzV . Recall shares of XLRN rose yesterday after Bloomberg had reported is in advanced discussions to be acquired by a large pharmaceutical company for about $180 a share in cash https://bloom.bg/3ANfEVx Aurora Cannabis Inc. ($ACB) Q4 revenue C$54.8M vs. est. C$56.3M and vs. C$68.4M last year; Q4 adjusted EBITDA (C$19.3M) vs. (C$33.3M) last year; business transformation plan on track; reiterates annual cost savings of $60M-$80M; qtrly medical cannabis net revenue was $35.0M, a 9% increase from prior year period; qtrly adjusted Ebitda loss, excluding restructuring costs, narrows to $13.9M Pfizer ($PFE) phase 1 randomized study of MRNA-based next generation flu vaccine program will take place in united states Ziopharm Oncology ($ZIOP) announces strategic reduction in workforce and extension in cash runway AstraZeneca PLC ($AZN) said that Saphnelo has been approved in Japan for the treatment of adult patients with systemic lupus erythematosus, or SLE, who show an insufficient response to standard treatment. Biogen ($BIIB) and Eisai ($ESALY) initiated a rolling submission to the U.S. FDA of a Biologics License Application for lecanemab, the company’s investigational anti-amyloid beta protofibril antibody, for the treatment of early Alzheimer’s disease Sanofi ($SNY) announces positive interim results from a Phase 1/2 study of its mRNA-based COVID-19 vaccine candidate. Technology, Media & Telecom Charter Communications ($CHTR) subsidiaries Charter Communications Operating, LLC and Charter Communications Operating Capital Corp. have priced $4B of notes in three tranches. Microchip ($MCHP) downgraded to Equal Weight from Overweight at Wells Fargo Sirius XM ($SIRI) upgraded to Equal Weight from Underweight at Barclays The U.S. Equal Employment Opportunity Commission, or EEOC, is suing Activision Blizzard (ATVI) over claims that it fostered a toxic work environment defined by sexual misconduct and discrimination

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+Initiations 9/23: $ANXX $AOSL $AVDL $AVXL $BIIB $BTBT $DNMR $FSR $GTLS $HRMY $ITCI $JAZZ $JOBY $KNTE $LABP $LIDR $MCG $MRTX $OVV $OXLC $PCT $RBC $RPD $RPTX $SAGE $SFET $SITC $SWBK $UE $XFLT . -Initiations 9/23: $TSLA

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Thursday, September 23, 2021 Futures Up/Down % Last Dow 162.00 0.47% 34,291 S&P 500 23.25 0.53% 4,407 Nasdaq 83.50 0.55% 15,247 U.S. stocks are looking at another move higher following strong gains on Wednesday despite the FOMC taking a more “hawkish” stance on both rates and the timeline on asset purchase tapering during yesterday’s meeting. Stocks jumped on Wednesday after the Federal Reserve cleared the way to ease monthly bond purchases “soon” and signaled interest rate increases may follow more quickly than expected. Stocks pared gains late as Fed Chair Jerome Powell spoke at his press conference but still closed up solidly. Fed officials indicated that they see interest rates seen rising to 1% in 2023, faster than projected by the Fed in its projections in June, and then to 1.8% in 2024. Nine of eleven major S&P 500 sectors ended the day higher. However, of note, all 11 groups retreated from the moments before Powell’s press conference began, into the close. The Dow Transport index slid to 6-month lows following weakness from Fed-Ex (FDX) earnings results and guidance the night prior. In Asian markets, The Nikkei Index was closed, the Shanghai Index rose 13 points to 3,642 and the Hang Seng Index gained 289 points to 24,510. In Europe, the German DAX is up over 130 points (0.89%) to 15,645, while the FTSE 100 rises about 20-points to move above 7,100. Oil prices are slipping but still holds near two-month high with global stockpiles tightening. In China news, the WSJ reported China is preparing for the “demise” of Evergrande, signaling Beijing’s reluctance to get involved and bail out the company. Events Calendar for Today 8:30 AM ET Weekly Jobless Claims…est. 320K 8:30 AM EST Continuing Claims…est. 2.65M 9:45 AM ET Markit Manufacturing PMI, Sept-F…est. 61.5 9:45 AM ET Markit Services PMI, Sept-F…est. 55.0 9:45 AM ET Markit Composite PMI-Sept-F 10:00 AM ET Leading Index MoM for Aug…est. +0.7% 10:30 AM ET Weekly EIA Natural Gas Inventory Data 11:00 AM ET Kansas City Fed Manufacturing for Sept…prior 22 Earnings Calendar: Earnings Before the Open: DRI, DYNT, IWSY, RAD Earnings After the Close: AEHR, AGTC, AIR, CAMP, $COST, MTN, $NKE, PRGS, $RSSS Other Key Events: Credit Suisse 7th Annual Oil & Gas Non-Bus Tour (virtual), 9/21-9/23 DA Davidson Diversified Industrials & Services Conference (virtual), 9/22-9/23 Goldman Sachs 30th Annual Communacopia Conference (virtual), 9/21-9/23 JPMorgan 12th Annual U.S. All Stars Conference (virtual), 9/21-9/23 Oppenheimer Fall Healthcare Life Sciences & MedTech Summit (virtual), 9/20-9/23 Roth Capital 8th Annual Solar Symposium (virtual), 9/20-9/23 Sidoti Fall Small Cap Conference (virtual), 9/22-9/23 Wells Fargo 4th Annual Consumer Conference (virtual), 9/22-9/23 Market Closing Prices Yesterday The S&P 500 Index gained 41.45 points, or 0.95%, to 4,395.64 The Dow Jones Industrial Average rose 338.48 points, or 1.00%, to 34,258.32 The Nasdaq Composite jumped 150.45 points, or 1.02%, to 14896.85 The Russell 2000 Index advanced 32.38 points, or 1.48% to 2,218.56 Macro Up/Down Last Nymex -0.32 71.91 Brent -0.27 75.92 Gold 3.80 1,772.00 EUR/USD 0.0028 1.1715 JPY/USD 0.11 109.89 10-Year Note +0.003 1.335% World News China is preparing for the “demise” of Evergrande, signaling Beijing’s reluctance to get involved and bail out the company (the gov’t will only step in should the company’s failure turn disorderly) – WSJ https://on.wsj.com/3i2x8WH Sector News Breakdown Consumer Steelcase ($SCS) 2Q EPS $0.21 vs est. $0.23 on revs $724.8Mm vs est. $761.3Mm; guides 3Q revs $755-785Mm vs est. $713Mm, sees 3Q EPS $0.07-0.11 vs est. $0.09 Funko ($FNKO) entered into a new credit agreement for a term loan facility of $180M and a revolving credit facility of $100M that mature September 17, 2026 Brilliant Earth ($BRLT)33M share IPO priced at $12.00 Hyatt ($H) 7M share Secondary priced at $74.50 Sovos Brands ($SOVO)3M share IPO priced at $12.00 Energy, Industrials & Materials HB Fuller (FUL) 3Q adj EPS $0.79 vs est. $0.79 on revs $827Mm vs est. $797.6Mm; guides FY revs +17-18% vs est. +14.4%, sees FY adj EBITDA abut $460-470Mm vs est. $463Mm KB Homes (KBH) 3Q EPS $1.60 vs est. $1.62 on revs $1.47B vs est. $1.57B; qtrly homes delivered +35% to $3,425, ending backlog value +89% to $4.84B; inventory +19% to $4.66B as of Aug. 31; repurchased 4.7Mm shares for $188.2Mm Northrop Grumman ($NOC) upgraded to Neutral from Sell at Goldman Sachs with a $350 price target and General Dynamics (GD) also upgraded to Neutral from Sell at Goldman Sachs with a $176 price target in the defense sector; L3Harris Technologies (LHX) downgraded to Sell from Neutral at Goldman Sachs with a $207 price target, Lockheed Martin (LMT) downgraded to Neutral from Buy with $402 tgt and Woodward ($WWD) downgraded to Sell from Neutral with $102 tgt Loop Capital started Regal Beloit Corp (RBC) with a Buy rating and $180 price target and Timken (TKR) with a Hold rating and $72 price target Grinrod Shipping ($GRIN)842M share Spot Secondary priced at $13.50 Syncrude Canada, majority-owned by Suncor Energy ($SU), cut September supplies due to a mechanical disruption at its Alberta oil sands site, Bloomberg reported Financials Chinese Estates (Holdings) Ltd. is planning to sell all of its shares in China Evergrande Group, as the property investment company is worried about the recent stock-price volatility and financial condition of debt-laden Evergrande. Chinese Estates, which currently holds 751.09 million shares or a 5.66% stake in Evergrande, expects to record a realized loss on the stake of about 1.38 billion Hong Kong dollars ($177.2 million) for the year ending December Remitly Global (RELY)16M share IPO priced at $43.00 The9 ($NCTY), Polygon, an Ethereum scaling platform, and Protocol Labs, a major contributor of open-source projects are forming an ecosystem collaboration on NCTY’s Non-Fungible Token (NFT) platform NFTSTAR and GameFi Play-to-Earn projects Safehold (S$AFE)2M share Secondary priced at $76.00 Willis Towers Watson ($WLTW) raises share buyback program by $4B Raymond James Financials ($RJF) posts Private Client Group assets in fee-based accounts of $643.5B grew 33% Y/Y, thanks to the net addition of financial advisers; record client assets under administration of $1.21T rose from $945.2B in the year ago period and $1.18T in the prior month. Healthcare The FDA has granted Emergency Use Authorization for a booster dose of Pfizer ($PFE)/BioNTech’s ($BNTX) COVID-19 vaccine for those 65 and older, those who work in healthcare settings, and adults at high risk of severe COVID-19. The authorization includes people whose “frequent institutional or occupational exposure to SARS-CoV-2 puts them at high risk of serious complications of COVID-19.” Sterling Check (STER)285M share IPO priced at $23.00 Eargo, Inc. (EAR) shares fell -50% on reports it is the target of a criminal investigation by U.S. DOJ related to insurance reimbursement claims submitted on behalf of customers covered by federal employee health plans; the co is withdrawing its financial guidance for fiscal year ending December 31, 2021 Spectrum Pharma (SPPI) Journal of Clinical Oncology Abstract listing for co.’s ‘poziotinib for patients with HER2 exon 20 mutant non–small-cell lung cancer Cigna Corp (CI) named Eric Palmer as president and chief executive officer of Evernorth, its health services unit that mainly houses its pharmacy benefit management business; also announced several other leadership changes Medirom Healthcare (MRM) rises 39%; after saying that it will buy Japanese private hair salon operator Zacc Kabushiki Kaisha in an all-cash deal of 370.0 mln yen ($3.36M) Thorne HealthTech (THRN) 7M share IPO priced at $10.00 Stifel initiated Buy ratings on Mirati Therapeutics (MRTX) with a $202 price target, Kinnate Biopharma (KNTE) with a $32 price target, and Repare Therapeutics (RPTX) with a $48 price target; Hold ratings on Ideaya Biosciences (IDYA) and Revolution Medicines (RVMD) Needham started SAGE Therapeutics (SAGE) at a Buy and added it to its Conviction List; also initiated Buy ratings on Intra-Cellular Therapeutics (ITCI), Avadel Pharmaceuticals (AVDL), Jazz Pharmaceuticals ($JAZZ), Biogen ($BIIB), Harmony Biosciences ($HRMY), and Hold ratings on Neurocrine Biosciences ($NBIX) and ACADIA Pharmaceuticals (ACAD) Technology, Media & Telecom Blackberry ($BB) shares rose 8% after earnings; Q2 EPS ($0.06) vs est. ($0.07) on revenue $175M vs est. $163.5M Facebook ($FB) chief technology officer Mike Schroepfer said in a Facebook post: “After 13 amazing years at Facebook, I have made the decision to step down as Chief Technology Officer and transition to a new part time role as Facebook’s first Senior Fellow at the company sometime in 2022 EngageSmart ($ESMT)55M share IPO priced at $26.00 Roku ($ROKU) upgraded to Buy from Neutral at Guggenheim

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Wednesday, September 22, 2021 Futures Up/Down % Last Dow 220.00 0.65% 34,018 S&P 500 26.25 0.61% 4,369 Nasdaq 57.50 0.38% 15,081 Stocks looking to bounce, with U.S. futures sharply higher after last night as reports indicated that troubled Chinese property developer Evergrande’s main unit Hengda Real Estate Group co says will make coupon payment for onshore bond due Sept. 23rd. That buys Evergrande some time, although debt restructuring is still likely. Also, the House passed a bill Tuesday that would temporarily fund the government and suspend the debt limit. The legislation could fail in the Senate, as Minority Leader Mitch McConnell says Republicans will vote against raising the debt ceiling. The government would shut down on Oct. 1 and the U.S. would be unable to pay its bills sometime in October if Congress does not pass legislation addressing both issues. Bond markets unphased by the news with the 10-year stuck around 1.33%. Meanwhile, the FOMC began its 2-day meeting yesterday and announces its policy decision and releases its economic projections today at 14 2:00 PM ET and Chairman Powell follows with the press conference at 2:30 ET. In corporate news, shares of transportation giant Fed-Ex (FDX) slides over 5% after cutting its profit outlook on higher costs and stalled growth in shipments, while Adobe ($ADBE) slips after 3Q update disappointed the high expectations of investors. In Asian markets, The Nikkei Index reopened, falling -200 points to 29,639, the Shanghai Index rises 14 points to 3,629 and the Hang Seng Index gains 122 points to 24,221. In Europe, the German DAX is up 110 points to 15,450, while the FTSE 100 rises over 80 points to 7,070. Bitcoin prices recover, above $42,000 after briefly dropping below $40K last night. Markets have been put on edge this week by trouble in the Chinese property market, especially the precarious situation of its largest builder of homes, Evergrande. The company is a massive issuer of debt both inside China and offshore to international investors. Market Closing Prices Yesterday The S&P 500 Index slipped -3.58 points, or 0.08%, to 4,354.15 The Dow Jones Industrial Average lost -47.93 points, or 0.14%, to 33,922.54 The Nasdaq Composite gained 32.49 points, or 0.22%, to 14,746.40 The Russell 2000 Index advanced 3.98 points, or 0.18% to 2,186.18 Economic Calendar: 7:00 AM ET MBA Mortgage Applications Data 10:00 AM ET Existing Home Sales MoM for August 10:30 AM ET Weekly DOE Inventory Data 2:00 PM ET FOMC Rate Decision (no change to rate or asset taper expected) Earnings Calendar: Earnings Before the Open: $GIS Earnings After the Close: $FUL, $KBH, $SCS Other Key Events: Credit Suisse 2021 Consumer Retail Conference (virtual), 9/21-9/22 Credit Suisse 7th Annual Oil & Gas Non-Bus Tour (virtual), 9/21-9/23 DA Davidson Diversified Industrials & Services Conference (virtual), 9/22-9/23 Goldman Sachs 30th Annual Communacopia Conference (virtual), 9/21-9/23 JPMorgan 12th Annual U.S. All Stars Conference (virtual), 9/21-9/23 Oppenheimer Fall Healthcare Life Sciences & MedTech Summit (virtual), 9/20-9/23 Roth Capital 8th Annual Solar Symposium (virtual), 9/20-9/23 Sidoti Fall Small Cap Conference (virtual), 9/22-9/23 Stephen’s 11th Annual Bank Forum, in Little Rock, AR, 9/20-9/22 Wells Fargo 4th Annual Consumer Conference (virtual), 9/22-9/23 Macro Up/Down Last Nymex 1.18 71.67 Brent 1.09 75.45 Gold -3.20 1,775.00 EUR/USD 0.0005 1.1728 JPY/USD 0.32 109.53 10-Year Note +0.009 1.333% Sector News Breakdown Consumer StitchFix ($SFIX) 4Q EPS $0.19 vs est. ($0.13) on revs $571.2Mm vs est. $547.9Mm, qtrly active clients 4.2Mm +18%; guides 1Q net revs $560-575Mm vs est. $588Mm; sees FY22 net revs at least +15% yr/yr vs est. +18% Freshworks ($FRSH)5M share IPO priced at $36.00 Hyatt Hotels ($H) announced a public offering of 7M shares of common stock Shares in Entain ($GMVHY) rise after the owner of bookmakers Bwin, Coral and Ladbrokes said it was considering an improved 2800p takeover bid from U.S. rival DraftKings, having rejected an earlier 2500p offer from the latter. Energy, Industrials & Materials FedEx ($FDX) 1Q adj EPS $4.37 vs est. $4.91 on revs $22B vs est. $21.9B, adj op margin 6.8% vs est. 8.5%; guides FY adj EPS $19.75-21.00 vs est. $$21.10; sees CAPEX $7.2B The American Petroleum Institute ($API) showed a draw of 6.11M barrels of oil for the week ending September 17; showed a draw of 432K barrels, distillate inventories show a draw of 2.72M barrels and Cushing inventories show a draw of 1.75M barrels k.a. Brands Holding ($AKA) 10M share IPO priced at $11.00 Core & Main ($CNM) announced its addition to the Russell 1000 index BHP’s Cerro Colorado copper mine in Chile is granted another 90 days to obtain environmental approval for its operational continuity plan, the country’s First Environmental Court says, agreeing to suspend a ban on pumping water from an aquifer during the period Financials LPL Financial ($LPLA) reported total advisory and brokerage assets at end of Aug about $1.16 trillion, up 2.4% vs end of July 2021 Armada Hoffler Properties ($AHH) was started at a Buy with a $15 price target at Stifel who says it is attractively priced when accounting for its moderate growth and average leverage JPMorgan Chase (JPM) raised its quarterly dividend to $1.00 from $0.90, payable October 31 to shareholders of record on October 6 Coinbase ($COIN) intends to publicly roll out a proposal for a regulatory framework to federal officials in the coming days, CoinDesk reported last night. The report follows news from last week when Coinbase said it was cancelling plans for its “Lend” platform after the Securities and Exchange Commission threatened to sue the company over the product VersaBank ($VBNK)5M share IPO priced at $10.00 Healthcare The U.S. House of Representatives approved a bill enabling banks to do business with cannabis companies without fear of penalty, Bloomberg reports. The so-called SAFE Banking Act would be a boon for marijuana companies (watch shares of $TLRY, $CGC, $GTBIF, $CURLF, $TCNNF) Biogen ($BIIB) launch of Aduhelm having slower than projected sales has led the company to consider cost-cutting measures including layoffs, stat news reports, citing an unidentified person familiar with the matter. Just over 100 patients infused w/ Aduhelm as of sept. 11: STAT News bluebird bio ($BLUE) submitted a Biologics License Application (BLA) to the FDA for betibeglogene autotemcel (beti-cel) gene therapy for patients with β-thalassemia who require regular red blood cell transfusions Incyte ($INCY) said the FDA approved its co’s Opzelura cream for treating eczema with boxed warnings, flagging risks of serious infections, increased risk of heart attack, stroke, or cardiac death. The drug belongs to a class of treatments known as JAK inhibitors, which have been under the FDA’s scrutiny over safety risks Amwell ($AMWL) announced the appointment of Robert Shepardson to the position of CFO and Head of M&A. Shepardson will join the company as CFO on October 31st and will work together during a transition period through the end of 2021 with current CFO Keith W. Anderson Johnson & Johnson ($JNJ) said that a large, global study showed its Covid-19 vaccine is more effective when given as a two-dose regimen, and that other data indicate the efficacy of the vaccine does not wane. – STAT News Rhythm Pharmaceuticals ($RYTM) said that Britain’s Medicines & Healthcare Products Regulatory Agency has granted marketing authorization to Imcivree (setmelanotide) for the treatment of obesity and the control of hunger associated with genetically confirmed loss-of-function biallelic pro-opiomelanocortin (POMC) Technology, Media & Telecom Adobe ($ADBE) 3Q adj EPS $3.11 vs est. $3.01 on revs $3.94B vs est. $3.89B, qtrly digital media annualized recurring revs $11.67B; guides 4Q adj EPS $3.18 vs est. $3.08 Coherent ($COHR) was downgraded to Neutral with a $273 price target from Positive at Susquehanna J2 Global board ($JCOM) announced that its board approved its previously announced separation into two independent publicly traded companies – J2 Global, Inc., which will be known as Ziff Davis, Inc. after the separation Liberty Global ($LBTYA) is selling its Poland operations to iliad S.A.’s Polish mobile subsidiary Play for PLN7B ($1.8B) subject to customary debt and working capital adjustments. Marin Software ($MRIN) said it entered into a Revenue Share Agreement with Google LLC ($GOOGL) for the Company to develop its enterprise tech platform and software products. The Agreement is effective as of October 1, 2021. Toast ($TOST)74M share IPO priced at $40.00 Warner Music Group ($WMG) announced a sale of 2.34M shares of common stock by affiliates of access industries and the company will not receive any proceeds from the offering Ambarella ($AMBA) upgraded to Overweight from Sector Weight at KeyBanc

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crazy conundrum bro  > @RedSunCap said: BIIB vega is shit

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BIIB vega is shit

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$BIIB may be setting up

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PANW,MELI,DXCM,RGEN,BIIB,BK,SNPS,GOOG,CSCO,TEAM,CTSH,CDW,LULU,ORLY,GILD,NVDA,CHTR,AMD,EBAY,XLNX,LOW,WMT,PFE,MRNA,

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RECAP 8/17 Chatter: $FUBO + $CMCSA $OPA + Forbes $ALF + Digital Ad Tablet $BIIB + Alzheimers drug, 300 Hospitals $VIAC + Chatter (Doug Kass) $BB - Cyber Vulnerabilities

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Tuesday, August 17, 2021 Futures Up/Down % Last Dow -221.00 0.62% 35,313 S&P 500 -21.25 0.49% 4,452 Nasdaq -59.50 0.39% 15,075 U.S. equity-index futures are looking lower this morning, while global stocks have fallen for a second day amid several market concerns. U.S. major averages hit record highs (S&P 500 and Dow record high closes for a 5th straight session) on Monday as investors moved into defensive sectors (Healthcare, Staples, Utilities) and stocks recovered from losses earlier in the session, shaking off glum economic data out of China and the U.S., but start the day on shaky ground yet again. Several factors playing into the morning decline including: 1) concerns that more lockdowns could be needed to contain the coronavirus pandemic; 2) Treasury yields fall ahead of an address by Federal Reserve Chairman Jerome Powell on the health of the world’s largest economy; 3) Dow component Home Depot (HD) reports a top and bottom-line beat, but weaker-than-expected comp sales drag shares lower; 4) Federal Reserve Bank President Eric Rosengren said Monday he could be prepared to begin rolling back economic stimulus this fall. But he said he wouldn’t boost interest rates until the employment picture improves; 5) China markets tumble following another regulatory crackdown after China published detailed rules to tackle unfair competition and companies’ handling of critical data; the draft regulations ban unfair competition and restrict the use of user data. Investors were also digesting news from Afghanistan, where thousands of civilians desperate to flee the country thronged Kabul airport after the Taliban seized the capital. Asian stocks retreat for fourth day as the Hang Seng and Shanghai Composite lose ground after China issues draft rules targeting unfair online competition. The Kosdaq sinks 2.3% as Korean selloff resumes following Monday’s holiday. The Nikkei Index fell -98 points to 27,424, the Shanghai Index tumbled -70 points (or 2%) to 3,446 and the Hang Seng Index declined -435 points (1.66%) to 25,745. In Europe, the German DAX is down around -40 points to 15,885, while the FTSE 100 is up a few points to 7,165. Wal-Mart earnings expected later this morning as well. Market Closing Prices Yesterday The S&P 500 Index gained 11.71 points, or 0.26%, to 4,479.71 The Dow Jones Industrial Average rose 110.02 points, or 0.31%, to 35,625.40 The Nasdaq Composite slumped -29.13 points, or 0.20%, to 14,793.76 The Russell 2000 Index declined -19.69 points, or 0.89% to 2,203.41 Events Calendar for Today 7:45 AM ET ICSC Weekly Retail Sales 8:30 AM ET Advance Retail Sales MoM for July…est. (-0.02%) 8:30 AM ET Retail Sales Ex; Autos MoM for July…est. 0.1% 8:55 AM ET Johnson/Redbook Weekly Sales 9:15 AM ET Industrial Production MoM for July…est. 0.5% 9:15 AM ET Capacity Utilization for July…est. 75.7% 10:00 AM ET Business Inventories MoM for June…est. 0.8% 10:00 AM ET NAHB Housing Market Index for Aug…est. 80 4:30 PM ET API Weekly Inventory Data Earnings Calendar: Earnings Before the Open: AIT, CRTD, HD, OB, PINC, WMT Earnings After the Close: A, CDK, CREE, CRMT, DNUT, INST, JKHY, LZB Other Key Events: EnerCom Oil & Gas Conference (virtual), 8/15-8/18 BWS Financial Growth and Value Conference (virtual), 8/16-8/17 Needham MedTech and Diagnostics Conference (virtual), 8/16-8/17 Truist Atlanta Bank Summit (virtual) 8/16-8/17 Davidson West Coast Bank Tour (virtual), 8/17-8/18 Deutsche bank Transportation Conference (virtual), 8/17-8/18 Macro Up/Down Last Nymex -0.33 66.96 Brent -0.23 69.28 Gold 6.55 1,794.00 EUR/USD -0.0012 1.1766 JPY/USD 0.05 109.29 10-Year Note -0.027 1.23% World News The Fed’s Rosengren said last night his preference would be to start tapering bond purchases in the fall, potentially October or November, no later than December; says if we get another strong labor market report, he would be supportive of announcing taper program in September Sector News Breakdown Consumer Home Depot ($HD) shares fall -4% on comp sales miss; Q2 EPS $4.53 vs. est. $4.43; Q2 revs $41.12B vs. est. $40.73B; Q2 comp sales rose 4.5% below est. 5.6% and comparable sales in the U.S. increased 3.4% vs. est. 4.9%; number of customer transactions declined by 5.8% YoY to 481.7 million, but the average ticket size grew 11% to $82.48 Stanley Black & Decker ($SWK) agreed to acquire the remaining 80% ownership stake in MTD Holdings Inc., a privately held global manufacturer of outdoor power equipment, for $1.6 billion in cash Gan Ltd. ($GAN) Q2 EPS loss (-$0.07) vs. est. loss (-$0.01); Q2 revs $34.6M vs. est. $34.53M; sequential revenue growth of 24%, driven by strong international results in b2c segment; reiterates revenue guidance of $125 – $135 million, or 270% YoY growth at the mid-point; backs FY21 revenue view of $125M-$135M Lightning eMotors ($ZEV) Q2 EPS loss (-$0.79) vs. est. loss (-$0.14); Q2 revs $5.9M vs. est. $5.37M; sees Q3 revs $4M-$6M vs. est. $10.58M; sees Q3 adjusted loss from operations $12M-$13M; no longer expects to meet full year guidance; said no orders have been cancelled and company expects to fulfill those orders in future quarters; sees for qtr ending sept 30, vehicle and powertrain sales of 28 units to 40 units Elys Game Technology ($ELYS) Q2 revenue $11.7M vs est $10.89M; 2Q Betting Handle +134% YoY to $220.1M; Q2 GGR +153.8% YoY to $14.9M; Q2 total revenue +143% YoY to $11.7M Spirit Airlines ($SAVE) said it expects total operating revenues in the range of $885M – $955M vs. $1.05B consensus and adjusted operating expenses between $1,030M and $1,040M; expects a negative revenue impact of ~50M from 2,826 flight cancellations between July 30 and August 9, due to airport staffing shortages and adverse weather; also noted softer-than-expected booking trends and increased close-in guest cancellations, likely due to a resurgence in COVID-19 cases Energy, Industrials and Materials Ammo Inc. ($POWW) Q1 adj EPS $0.13 on revs $44.5M, up 360%; says raising 2022 revenue guidance from $190M to $210M, including reiterating our expectation for Q2 revenue of at least $51M and sees Q3 revs about $60M; increasing our Adjusted EBITDA guidance for fiscal 2022 from $65M to $70M Clean Energy Fuels Corp. ($CLNE) announced a slew of new deals in response to the demand for renewable natural gas ($RNG), a fuel produced from organic waste, as more fleets adopt and expand their use of the low-carbon transportation fuel. RNG represents more than 74 percent of the 26 million gallons of fuel Clean Energy expects to provide through these recent signed agreements. Clean Energy has a stated goal of providing 100 percent zero-carbon renewable fuel at its stations by 2025. Financials Opendoor Technologies inc. ($OPEN) announces proposed convertible senior notes offering Healthcare Berkshire Hathaway reduced its stakes in large cap Pharma names Merck (MRK) by 48.8% to 9.2M shares, AbbVie ($ABBV) by 10.2% to 20.5M shares and Bristol-Myers (BMY) by 15.3% to 26.3M shares and exited shares in Biogen ($BIIB) according to 13F filings The Biden administration is planning to announce that most Americans who have received the coronavirus vaccine will need booster shots eight months after being fully vaccinated as the delta variant sparks a surge in Covid-19 cases – Washington Post Eli Lilly and Company ($LLY) today announced executive leadership changes and the creation of neuroscience and immunology business units. These changes will increase Lilly’s focus on introducing breakthrough new medicines to millions of people with unmet needs. Incyte ($INCY) and InnoCare announced that Incyte and a subsidiary of InnoCare have entered into a collaboration and license agreement for the development and commercialization of tafasitamab, a humanized Fc-modified cytolytic CD19 targeting monoclonal antibody, in China Clovis ($CLVS) renews at-the-market equity program with $125M offering Globus Medical ($GMED) announced that Excelsius3D, an intelligent intraoperative 3-in-1 imaging system, has been granted 510(k) clearance by the FDA Solid Biosciences Inc. ($SLDB) ends q2 with about $249 mln cash and investments; cash runway into q4 2022; said net loss for Q2 of 2021 was $18.7M vs. $19.0M for Q2 of 2020 Technology, Media & Telecom Roblox Corp. ($RBLX) shares fall -6%; Q2 EPS loss (-$0.25) vs. est. $0.24; Q2 revs $454.1M vs. est. $689.2M; qtrly bookings increased 35% over q2 2020 to $665.5M; qtrly average daily active users ($DAUs) were 43.2 mln, an increase of 29%; qtrly average bookings per DAU was $15.41, a slight increase year over year Chinese stocks listed in the U.S. ($BIDU, $BABA, $DIDI, $JD, $NTES) fall in premarket trading following Beijing’s latest moves to tighten its grip on the nation’s internet giants and after SEC Chair Gary Gensler issued his most direct warning yet about the risks of investing in Chinese companies Sea Limited ($SE) Q2 EPS loss (-$0.61) vs. est. loss (-$0.52); Q2 revs $2.3B vs. est. $1.93B; digital entertainment active users 725.2 million, +45% y/y; digital entertainment paying users 92.2 million, +85% y/y; said is raising the guidance for both digital entertainment and e-commerce for the full year of 2021. We expect bookings for digital entertainment to be between $4.5 billion and $4.7 billion, representing 44.4% growth from 2020 at the midpoint of the revised guidance Fabrinet ($FN) Q4 Non-GAAP EPS $1.31 vs. est. $1.22; Q4 revs $509.6M vs. est. $487.5M; sees Q1 revs $510M-$530M vs. est. $491.5M Telos Corp. ($TLS) Q2 adj EPS $0.04 vs. est. $0.02; Q2 revs $52.56M vs. est. $53.7M; backs FY21 rev view to $283M-$295M vs. est. $288.75M; said sees FY21 adjusted EBITDA $33M-$36M. Upstart Holdings, inc. ($UPST) announces proposed private offering of $575,000,000 of convertible senior notes due 2026 Global-e Online ($GLBE) Q2 EPS (2c) vs 2 est’s 0c; Q2 rev $57.3M vs est $47.6M; Q2 adjusted EBITDA $7.6M vs. $3.1M YoY; sees Q3 rev $54.3M-$56.3M vs $48.4M; sees Q3 adj EBITDA $2.8M-$3.8M and GMV of $328M-$338M; raises FY21 rev view to $227M- $231M from $209M-$213.5M vs est $210.95M; raises FY21 GMV view to $1.35B-$1.37B from $1.21B-$1.255B

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Key Metrics

Market Cap

41.77 B

Beta

0.93

Avg. Volume

1.26 M

Shares Outstanding

144 M

Yield

0%

Public Float

0

Next Earnings Date

2023-02-15

Next Dividend Date

Company Information

At Biogen, mission is clear: company is pioneer in neuroscience. Biogen discovers, develops and delivers worldwide innovative therapies for people living with serious neurological and neurodegenerative diseases as well as related therapeutic adjacencies. One of the world's first global biotechnology companies, Biogen was founded in 1978 by Charles Weissmann, Heinz Schaller, Kenneth Murray and Nobel Prize winners Walter Gilbert and Phillip Sharp. Today Biogen has the leading portfolio of medicines to treat multiple sclerosis, has introduced the first approved treatment for spinal muscular atrophy, commercializes biosimilars of advanced biologics and is focused on advancing research programs in multiple sclerosis and neuroimmunology, Alzheimer's disease and dementia, neuromuscular disorders, movement disorders, ophthalmology, neuropsychiatry, immunology, acute neurology and neuropathic pain.

CEO: George Scangos

Website:

HQ: 225 Binney St Cambridge, 02142-1031 Massachusetts

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