5.31 - 5.73
4.63 - 16.08
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Shares of Align Technology Inc. (ALGN) slumped 6.1% toward a four-month low in afternoon trading Wednesday, enough to pace the S&P 500's decliners, after Stifel Nicolaus analyst Jonathan Block warned investors that his research suggests volumes deteriorated in recent months. Block's warning comes two weeks before the aesthetic dentistry products company is slated to report third-quarter results, after the Oct. 27 closing bell. Block said his past "quarterly diligence" was bullish, leading him to take aggressive stances heading into the previous four quarterly reports, all which beat both profit and revenue expectations. "However, our 3Q21 checks came back soft, and as a result, we view risk/reward for the upcoming print differently versus the last handful of quarters," Block wrote in a note to clients. Meanwhile, he reiterated the buy rating he's had on the stock for at least the past three years and kept his stock price target at $750. The current FactSet consensus for third-quarter earnings per share of $2.59 is the same as it was at the start of the third quarter, while the revenue consensus of $976.9 million has increased from $956.1 million. The stock has shed 8.4% over the past three months, while share of rival SmileDirectClub Inc. (SDC) have tumbled 20.0% and the S&P 500 has eased 0.1%.
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@DarkPoolAlgo #Dark Pool Charts
Tuesday, September 21, 2021 Futures Up/Down % Last Dow 306.00 0.90% 34,145 S&P 500 35.25 0.81% 4,383 Nasdaq 109.25 0.73% 15,118 Markets are rallying after yesterday’s massive selloff that saw the Nasdaq and Russell 2000 hit their lowest levels in a month, S&P touch a 2-month low, and the Dow crater to its lowest levels since June. Today is also the first day of the Federal Reserve’s two-day September meeting that will have investors looking for hints on when the central bank will begin tapering its bond purchases. Oil prices are also rebounding after news that the production in the Gulf of Mexico will remain impacted for the rest of the year, and Royal Dutch Shell (RDS.A) said its West Delta 143 platform will not resume operations until the first quarter of 2022. Across the pond in Europe, Universal Music Group has surged more than 35% in its debut on the Euronext Amsterdam stock exchange. In Asian markets, The Nikkei Index and Shanghai Index are closed for the second straight day, while the Hang Seng Index is up 106.5 points. In Europe, the German DAX is down 96 points while the FTSE 100 is rebounding 90 points. Market Closing Prices Yesterday · The S&P 500 Index plunged -75.35 points, or 1.78%, to 4,357.64 · The Dow Jones Industrial Average lost -614.08 points, or 1.78%, to 33,970.80 · The Nasdaq Composite tumbled -330.07 points, or 2.19%, to 14,713.90 · The Russell 2000 Index declined -54.67 points, or 2.44% to 2,182.20 Economic Calendar: · 7:45 AM ET ICSC Weekly Retail Sales · 8:30 AM ET Current Account for Q2 · 8:30 AM ET Housing Starts MoM for Aug · 8:30 AM ET Building Permits MoM for Aug · 8:55 AM ET Johnson/Redbook Weekly Sales · 4:30 PM ET API Weekly Inventory Data Earnings Calendar: · Earnings Before the Open: APOG, AZO, CBRL · Earnings After the Close: ADBE, FDX, INNV, ISR, SFIX 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 · European Society for Medical Oncology (ESMO) 2021 Virtual Congress, 9/16-9/21 · 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 · Stephen’s 11th Annual Bank Forum, in Little Rock, AR, 9/20-9/22 World News · Justin Trudeau will remain Canada’s Prime Minister after winning a snap election he had called last month, though his Liberal Party was unable to capture a parliamentary majority, winning 156 of the 338 seats. Sector News Breakdown Consumer · KAR Auction Services ($KAR) withdrew its FY21 financial outlook due to the continued disruption caused by the chip shortage and lack of visibility into used vehicle volumes in its marketplaces; the company sees Q3 adj EBITDA $95M-$100M and expects approximately 2/6M vehicles sold in 2021 · AutoZone ($AZO) Q4 EPS $35.72 vs est. $29.81 on revenue $4.9B vs est. $4.57B, same-store sales +4.3% Energy · ConocoPhillips ($COP) is nearing a deal to purchase Shell’s (RDS.A) assets in the Permian Basin for close to $9.5B · Orbital Energy Group ($OEG) won a contract to construct 1,910 miles of rural broadband network in Virginia for undisclosed terms · Occidental Petroleum ($OXY) said it reduced debt by about $1.3B in August and September Industrials and Materials · Alcoa ($AA) announced plans to restart 268,000 metric tons per year of aluminum capacity at the Alumar smelt in Sao Luis, Brazil, which has been fully curtailed since 2015; company sees Q4 restart expenses between 5c-7c per share · FedEx ($FDX) announced an increase to shipping rates starting January 3, 2022. FedEx Express, Ground, and Home Delivery shipping rates will each increase by an average of 5.9% · Herc Holdings ($HRI) announced new strategic initiatives and capital allocation plan, and raised its 2021 adj EBTIDA guidance to $870M-$890M from $840M-$870M, sees FY22 adj EBITDA $1.05B-$1.15B, set 2021-2024 organic CAGR growth goals of 12-15% in rental revenue and 17-20% in adj EBITDA, and announced a dividend of 50c/share · Axalta Coating Systems ($AXTA) cut its Q3 guidance, now seeing sales down ~$40M from levels assumed in its prior guidance and adj EBITDA to $130M-$140M from its prior midpoint of $138M as sales volumes continue to be impacted by supply chain disruptions, which they see continuing into 2022, and impacting global production by 11M units from its prior view of a 7M impact · Lennar ($LEN) Q3 adj EPS $3.27 vs est. $3.26 on revenue $6.94B vs est. $7.25B, net new orders 16,277 vs est. 16,248, gross margin on home sales in-line 27.3%, and backlog 25,819 vs est. 24,946; guides Q4 new orders to 15,200-15,400 and sees Q4 deliveries about 18,000, though expects unprecedented supply chain challenges to continue into the foreseeable future Financials · Piper Sandler ($PIPR), Jefferies (JEF) were rated as new Buys at Goldman · U.S. Bancorp ($USB) agreed to purchase the personal banking arm of Japan’s Mitsubishi UFJ Financial Group (MUFG) in a deal worth $8B, including $5.5B in cash and 44M USB shares (2.9% stake). Healthcare · SmilDirectClub ($SDC) announced plans to launch its products in France in the beginning of 4Q21 and will introduce premium clear aligners, a telehealth platform, and whitening system at its first smileshop in Paris · Viridian Therapeutics ($VRDN) announced a proposed underwritten public offering of common and preferred stock to use the proceeds to advance development of ots VRDN-001 and VRDN-002 programs · Conformis ($CFMS) cut its Q3 product revenue, now seeing $13.7M-$14.3M from $15.5M-$16.5M, and says experienced higher levels of deferred and rescheduled knee and hip procedures as a result of Delta variant Covid surge · Johnson & Johnson ($JNJ) said its Covid booster shot is 94% effective when given two months after first dose and increases antibody levels 4-6x higher than only one shot. Technology, Media & Telecom · Sportradar ($SRAD) announced Michael Jordan will assume a role as a special advisor and increase his investment in the company · $UBER said it is tracking towards adj EBITDA breakeven in Q3, seeing it in the range ($25M)-$25M vs its prior forecast of a loss exceeding ($100M), while narrowing its quarterly bookings forecast to $22.8B-$23.2B from $22B-$24B, and further said it expects to deliver sequential EBITDA improvement in Q4 with an outlook between $0-$100M · Disney ($DIS) was named as a new Buy with a $225 price target at Daiwa
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IU Watchlist - Sept 21: $ATER great trade thoughts today -- the bigcharts doesn't show the right chart so it's on radar just nothing to show for a chart below. Higher better $12.50s + and fails I do think shorts are still a little twisted here so I'm not really in a rush. Main Watches: $PLTR looking to reactive trade off open or 945-10AM + ideally $26.60-27s + and fails. Remember chart resistance on daily. $LCID feels like shorts got smacked - weak open for more break out ideally $25-26 + blow off otherwise gap up $25-26 I know sounds crazy but if it doesn't come I'll be cautious until it does. This may take until Thurs to set up or even next week. I think there will be good scalp shorts but I am going to be patient for the BIG opportunity and I think we're still in short bait mode. $TQQQ major range - insane range. No bias but definitely looking for a trade tomorrow. Failed Follow Through: $SDC higher better nice shove there at the close I'd love to see $7-7.20 blow off and sit back. $CEI very nice preparation today and re scale on r/g fail - higher better tomorrow likely starts to stay heavy from here on out like I went over on the video last night. Morning shove is ideal then looking to fade. $EDSA nice ETB squeeze out EOD I do wish I went for the trade into the AHs blow off but - I'm all set. Didn't want to be there all night if it wasn't a lay up - awesome job today on the trade. Nice alert by T530 as well on the PT that came out. $ZIVO higher better shove - failed follow through.
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MIC WATCHLIST SDC - Looking for a morning pop to scale in short 7.50 / 8.00 VSTM - Ideally 3.50 / 3.70 / 4.00 to scale in 30% max size until confirmation. STOP over 4.15 SYBX - Watching for a volume rush at open due to ETB. Will let this trade out.. Waiting for a death candle then will attack HLBZ - Would love a r/g rejection to short this. Mostly reactive as SSR will turn on at open CRVS - Wouldn't be surprised to see this go red and immediately reclaim and trap. For me will look for a 6.00 / 6.50 rejection to get involved ZEVO - SSR is on. Maybe a 6.50 / 7.00 / 7.50 push to scale in. stop is over pre mkt HOD. 30% max size until confirm EDSA - ETB. Potential runner of the day. Ignoring it for now APRE - 6.00 / 6.50 line
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SDC is on my extended short squeeze list but Im not interested in it until it test $20
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@marketjay your shortlist still TFCC BGFV snd BBIG, I am looking at SDC.
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MIC TOM WATCHLIST. LIFE LHF - 9 - 10 area of interest for me, if it gets above 10 i will stop out and aim for 11 12 but doubt it SDC LHF - 5.9 - 6.4 stop over 6.4 if holds ATER LHF - FRD yesterday, not a big fan because of the range also expensive locates, but 11 - 12 nail and bail if i have shares. I dont want to scale all the way to 13 14 15 so stop over 12 for me
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IU Watchlist: Main Watches: $LIFE nice late Oppenheimer upgrade fueled it AHs again after shorts likely got pretty comfortable. Pretty decent trap - they can def raise but it was super ETB and cheap to borrow where it wasn't so very possible 4-7AM walk up and hopefully they hold off any raise before I get back 🙂 Higher better is ideal. $ISEE weak open still think we could have a push out $15-17 or something wild by Wednesday if not and fails to get over and hold $15 tomorrow I'd be looking to join the trend back down. $AMC reactive trade - had a good read on it today on entries and covers the only thing I did wrong was hold part of it which made it more work than it was worth. $CEI higher better and ideally nail it again like today. Nice trade plan. Failed Follow Through: $OCGN $8.50 + is ideal then failed follow through I'd love to trade. Nice trader today. $SDC had a nice long with the swipe today joined that - got a good piece but super heavily promoted on Twitter - much like ROOT so when it stops going up just remember lots of retail will be on wrong side. Would fade failed follow through. $BBIG higher better for failed follow through is ideal. Nice one today. $FUBO watching all pops vs 945-10AM weakness / VWAP
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@atlas01 #Emporos Research
The market has not moved against us much, the purchase can run for the maximum of 12 hours. I do not like how slow this ticker moves after 5pm, going to consider removing it from the watch list, until the properties increase in health.
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@atlas01 #Emporos Research
There are 6 pending orders on top of the entry. If they activate, the entry will close with more than 110 points. If the market decides to continue in our favor only, then the minimum of 110 points is received. Is safe to enter anytime above entry line, as long as the minimum take profit has not occur. The signal will be closed within 8 hours.
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@DarkPoolAlgo #Dark Pool Charts
Tuesday, August 10, 2021 Futures Up/Down % Last Dow -19.00 0.05% 34,979 S&P 500 -0.25 0.02% 4,425 Nasdaq 17.50 0.12% 15,142 Stock markets are looking quiet again, as major averages have been holding near record highs but struggling for direction to start the week. Stronger economic data last Friday on the form of non-farm payrolls and declining unemployment helped boost sentiment about the economy, overshadowing any uncertainty over what impact the fast-spreading delta virus variant will have on the economy and comments from Federal Reserve officials about scaling back support. In Asian markets, The Nikkei Index gained 68 points to settle at 27,888, the Shanghai Index jumped 35 points to 3,529, and the Hang Seng Index gained 322 points (1.23%) to close at 26,605. In Europe, the German DAX is up around 25 points to 15,770, while the FTSE 100 is down a few points at 7,125. Today a fairly busy day of economic data, but all eyes fixed on the inflation reports coming up tomorrow (CPI) and on Thursday (PP), to see if the four-month spike in prices is indeed transitory as the Fed has pledged or if it is something more troubling for consumers down the line. Earnings season has begun to slow, with nearly 450 S&P companies having reported this quarter, with only some big retailers (WMT, TGT, HD, LOW) remaining. Trading ranges have remained in tight ranges of late, as summer doldrums have kicked in early. Market Closing Prices Yesterday The S&P 500 Index slipped -4.17 points, or 0.09%, to 4,432.35 The Dow Jones Industrial Average fell -106.66 points, or 0.30%, to 35,101.85 The Nasdaq Composite gained 24.42 points, or 0.16%, to 14,860.18 The Russell 2000 Index declined -12.95 points, or 0.58% to 2,234.81 Events Calendar for Today 6:00 AM ET NFIB Small Business Optimism for July 7:45 AM ET ICSC Weekly Retail Sales 8:30 AM ET Non-farm Productivity, prelim-Q2 8:30 AM ET Unit Labor Costs, prelim-Q2 8:55 AM ET Johnson/Redbook Weekly Sales 1:00 PM ET U.S. to sell $58 bln in 3-year notes 4:30 PM ET API Weekly Inventory Data Earnings Calendar: Earnings Before the Open: BSY, BTAI, CSPR, FULC, GTIM, IIVI, JBI, KPLT, LAND, LODE, MRNSD, MTNB, NAUT, OWL, SMID, SYY, TDG, TDW, VITL, VPG, VSH, VTNR Earnings After the Close: AIRG, AVGR, BVS, CHK, CLSD, COIN, COKE, CSSE, CURI, DAR, DOCS, EPAY, FTEK, GO, HCKT, HYRE, JAMF, KODK, KTCC, LPRO, LRN, MCFE, MEG, NARI, NVEE, OPFI, PANL, PAY, PAYS, PLBY, POSH, PUBM, SFT, SIEN, SMCI, TASK, TDUP, U, UPST, VEC, WW, ZETA Other Key Events: BTIG Biotechnology Conference 2021 (virtual), 8/9-8/10 Canaccord Genuity 41st Annual Growth Conference (virtual), 8/10-8/12 Cowen Annual Communications Infrastructure Hybrid Summit, 8/9-8/12 Cowen 9th Annual Internet & Media Bus Tour (virtual), 8/9-8/13 KeyBanc Capital Markets Technology Leadership Virtual Forum, 8/9-8/12 Oppenheimer 24th Annual Technology, Internet & Comm Conference (virtual), 8/10-8/12 Piper Biotech Virtual Tour, 8/10-8/12 Susquehanna 2021 Energy, Industrials & Airlines Conference (virtual), 8/10-8/11 UBS Financial Services Conference (virtual), 8/10-8/12 Wells Fargo 6th Annual FinTech & Technology Services Forum (virtual), 8/10-8/11 Macro Up/Down Last Nymex 1.05 67.51 Brent 0.84 69.88 Gold -1.00 1,728.90 EUR/USD -0.0018 1.1719 JPY/USD 0.24 110.53 10-Year Note +0.002 1.319% World News The NFIB Small Business Optimism Index was 99.7 vs. 103.3 consensus, and down from 102.5 in June. Germany Aug ZEW Sentiment4, well below the 56.7 consensus; conditions 29.3 vs 30.0 consensus; expectations decline for third time in a row; concerns over 4th wave of COVID affecting German economy in the Autumn Sector News Breakdown Consumer AMC Entertainment ($AMC) Q2 adj EPS loss (-$0.71) vs. est. loss (-$0.93); Q2 revs $444.7M vs. est. $381.28M; currently has liquidity availability of more than $2.0 billion; said welcomed more than 22 million guests back to theatres during Q2; said as of June 30, 2021, operated 593 domestic theatres & 335 international theatres Calloway ($ELY) 2Q adj EPS $0.36 vs est. $0.01 on revs $914Mm vs est. $753.1Mm; guides 3Q revs $775-790Mm vs est. $763Mm, sees 3Q adj EBITDA $51-58Mm vs est. $77.3Mm; guides FY revs $3.025-3.055B vs est. $2.84B, sees FY adj EBITDA $345-360Mm vs est. $295.3Mm CarLotz ($LOTZ) 2Q EPS ($0.06) vs est. ($0.20) on revs $50.8Mm vs est. $48.1Mm; withdraws previous FY21 outlook due to channel constraints Chegg Inc. ($CHGG) 2Q adj EPS $0.43 vs est. $0.37 on revs $198.5Mm vs est. $190.1Mm; guides 3Q revs $170-175Mm vs est. $173Mm; guides FY21 revs $805-815Mm vs est. $797.8Mm, sees FY adj EBITDA $295-300Mm vs est. $278.6Mm DoorDash ($DOOR) 2Q adj EPS $2.23 vs est. $2.09 on revs $662Mm vs est. $635.2Mm; guides FY sales +17-20% vs est. +14.5%, sees FY adj EPS $8.00-8.60 vs est. $8.50 Inter Parfums ($IPAR) 2Q EPS $0.71 vs est. $0.43 on revs $207.6Mm vs est. $207.6m; continues to see FY revs approx $750Mm vs est. $758.1Mm, EPS $1.95 vs est. $1.93 Nautilus ($NLS) Q1 EPS $0.43 vs. est. $0.30; Q1 revs $185M vs. est. $169.05M; said Q1 retail grew sales by 91% or 107% excluding Octane, delivering record net sales of $120 million, while Direct grew by 26%; sees Q2 revs $145M-$155M vs. est. $153.05M Original BARK ($BARK) 1Q adj EPS ($0.09) vs est. ($0.06) on revs $117.6Mm vs est. $116.8Mm; guides 2Q revs $122Mm vs est. $120.3Mm; reaffirms FY guide, sees FY revs $516Mm vs est. $516.5Mm Plant Fitness ($PLNT) Q2 adj EPS $0.21 vs. est. $0.23; Q2 revs $137.3M vs. est. $127.2M; ends second quarter with total membership of more than 14.8M and over 98% of stores open globally; Q2 adj EBITDA increased $64.8M to $55.6M from a loss of $9.3M in the prior year period; sees FY21 adj EPS $0.65-$0.70 vs. est. $0.94; sees FY21 revs $530M-$540M vs. est. $541.69M Purple Innovation ($PRPL) Q2 adj EPS $0.05 vs. est. $0.12; Q2 revs $182.6M vs. est. $181.8M; guides year revs $820M-$850M vs. est. $823.6M; sees year Ebitda $78M-$88M vs. est. $81.8M RealReal inc. ($REAL) Q2 EPS loss (-$0.50) vs. est. (-$0.47); Q2 revs $104.91M vs. est. $107.25M; Q2 GMV $350M; said trailing 12 months active buyers reached 730,000, an increase of 19% year-over-year and 48% compared to the same period in 2019; Orders reached 673K, an increase of 53% Y/Y and 33% compared to the same period in 2019. Tesla ($TSLA) sold 32,968 China-made vehicles in July, including 24,347 for export, the China Passenger Car Association (CPCA) said on Tuesday; local sales of China-made vehicles plunged 69% to 8,621 cars from 28,138 in June. Financials First Republic ($FRC) announces offering of 2M shares of common stock CoreCivic ($CXW) Q2 adj FFO $0.46; Q23 revs $464.6M vs. est. $466.1M; Adjusted EBITDA of $101.7M; sale of five non-core real estate assets for gross proceeds of $328.7 million SVB Financial ($SIVB)23M share Spot Secondary priced at $564.00 P. Carey ($WPC) 4.5M share Spot Secondary priced at $78.00 Healthcare BioCryst ($BCRX) announces offering of $200M of common stock, warrants Halozyme ($HALO) Q2 non-GAAP EPS $0.66 vs. est. $0.40; Q2 revs $136.5M vs. est. $103.16M; raises FY21 non-GAAP EPS view to $1.85-$2.00 from $1.55-$1.70 and boosts FY21 revenue view to $425M-$445M from $375M-$395M (est. $404.5M) citing the recent signing of a new collaboration and license agreement and strong year-to-date results Inovio Pharma ($INO) 2Q EPS ($0.39) vs est. ($0.25) on revs $273K; as of June 30, cash and equivalents & s-t investments were $443.7Mm, says continue to evaluate and assess impact of new covid strains Penumbra ($PEN) 2Q adj EPS $0.21 vs est. $0.17 on revs $184.3Mm vs est. $170.8Mm; guides FY revs $720-730Mm vs est. $702.7Mm Reta Pharma ($RETA) 2Q adj EPS ($1.32) vs est. ($2.06); reaffirms cash runway through mid-2024, reaffirms plan to submit MAA with EMA in 4Q21 for marketing approval of bardoxolone for treatment of CKD Rocket Pharma ($RCKT) Q2 EPS loss (-$0.55); expects its balance in cash equivalents and investments of $426.8 mln as of June 30, to fund its operations into 2H 2023 Shockwave Medical ($SWAV) Q2 EPS loss (-$0.01) vs. est. loss (-$0.41); Q2 revs $55.908M vs. est. $45.17M; raises FY21 revenue view $218M-$223M from $195M-$205M (est. $200.6M); Granted approval for a Transitional Pass-Through (TPT) payment for Shockwave C2 Coronary IVL device, which became effective July 1, 2021 for procedures in the outpatient setting SmileDirectClub ($SDC) 2Q EPS ($0.14) vs est. ($0.09) on revs $174Mm vs est. $198.5Mm; guides FY revs $750-800Mm vs est. $833.6Mm; Q2 average aligner gross sales price of $1,885 for Q2, compared to $1,817 for the second quarter of 2020 Steris Plc ($STE) Q1 adj EPS $1.76 vs. est. $1.49; Q1 revs $968.4M vs. est. $904.9M; now expects as reported revenue of approximately $4.6B in 2022, an increase from prior expectations of $4.5B; sees year EPS $7.60-$7.85 vs. est. $7.51; free cash flow for fiscal 2022 is now expected to be approximately $400 mln; raises dividend
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SmileDirectClub, Inc. ('SmileDirectClub') is an oral care company and creator of the first medtech platform for teeth straightening, now also offered directly via dentist and orthodontist offices. Through its proprietary technology and vertically integrated model, SmileDirectClub is revolutionizing the oral care industry, offering consumers the ability to get clinically safe and effective treatment but without the 3x markup associated with traditional orthodontics. SmileDirectClub's mission is to democratize access to a smile each and every person loves by making it affordable and convenient for everyone, from clear aligner therapy to premium oral care products. SmileDirectClub is headquartered in Nashville, Tennessee and operates in the U.S., Canada, Australia, New Zealand, United Kingdom, Ireland, Germany, Austria, Spain, Netherlands, Hong Kong and Singapore.