0.5212 - 0.575
0.521 - 3.22
Join Discuss about SDC with like-minded investors
Stop Loss :300 pips or 3,000 points Take Profit minimum 500 points Possible Take Profit : 2,000 points or more *Read info on the Trading Floor for more skills with it . . .
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Closed both positions at 1.28350 for 350 points profits . 1,000 points in storage . I don't like my timing on this entry , I have to get in with a single purchase from 1.285 or above again .
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Entry at 1.287 for 100% size Entry at 1.283 for 100% size
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Broke even , 10 points profit . That was one little pigeon reaction , going to re enter at 1.28300 or higher . I wanted to get in the market at 1.28100 or above , but the big move happened later . Maybe it will allow so again .
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Penders every 1,000 points .
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wow they destroyed SDC too
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Healthcare Alkermes ($ALKS) announced that it received notices of partial termination in respect of two license agreements with Janssen Pharmaceutica N.V., a subsidiary of Johnson & Johnson Acadia Pharmaceuticals Inc ($ACAD) 3Q EPS ($0.09) vs est. ($0.26) on sales $131.6Mm vs est. $127.8Mm, says narrows FY Nuplazid sales guide to $480-500Mm Castle Biosciences ($CSTL) 3Q EPS ($0.47) vs est. ($0.41) on revs $23.5Mm vs est. $23Mm; says on track to achieve FY total revs guide of $89-93Mm vs est. $91.9Mm Clover Health ($CLOV) Q3 revs $427.2M vs est. $413.1M, adj EBITDA ($102.3M) vs est. ($99.5M); sees FY revs $1.42B-$1.47B vs est. $1.44B Curaleaf holdings ($CURLF) Q3 revenue $317M vs est. $328.3M, adj EBITDA $71M vs est. $92.1M; remains on track to generate revenue within lower end of $1.2B-$1.3B annual guidance range; said the acquisition of Tryke Companies reported earlier today bolsters its position in NV, AZ, UT and will be immediately accretive to margins and cash flow Fluidigm Corp ($FLDM) 3Q EPS ($0.18) vs est. ($0.22) on revs $28.5Mm vs est. $30Mm; says undertaking review of various options including with regard to strategic alternatives Invitae Corporation ($NVTA) Q3 adj EPS ($0.81) vs est. ($0.71) on revenue $114.4M vs est. $126.5M driven by billable volume 296k (+89% YoY); now sees FY revenue $450M-$475M, from $475M-$500M and below est. $484.5M Mirati Therapeutics, Inc. ($MRTX) 3Q EPS ($1.55) vs est. ($2.89) on revs $71.8Mm Nevro Corp. ($NVRO) Q3 EPS loss ($1.44) vs. est. loss (-$0.87); Q3 rev $93.2M vs. est. $91.59M; sees Q4 revs $94M-$98M Oak Street Health, Inc. ($OSH) Q3 EPS loss (-$0.49) vs. est. loss (-$0.42); Q3 revs $388.7M vs. est. $356.7M; The Company cared for approximately 100,500 risk-based patients, representing 76% of its total patients; adjusted EBITDA was $(64.3M), compared to $(22.8M) YoY SI-BONE ($SIBN) Q3 EPS ($0.48) vs est. ($0.42) on revenue $22.3M vs est. $22.5M, lowered FY21 revenue view to $89M-$90M from $92M-$94M (vs est. $92.7M) as uncertainty surrounding Covid-19’s impact on elective procedures and healthcare infrastructure remains Shockwave Medical ($SWAV) Q3 EPS $0.05 vs. est. loss (-$0.06); Q3 revs $65.2M vs. est. $61.2M; sees FY21 revenue $227M-$228M vs. est. $223.43M, which represents 235% to 236% growth YoY SmileDirectClub, Inc. ($SDC) shares fall -23%; 3Q EPS ($0.23) vs est. ($0.13) on revs $138Mm vs est. $$181Mm; guides FY revs $630-650Mm vs est. $757Mm Tactile Systems ($TCMD) shares fell -12%; 3Q EPS ($0.17) vs est. $0.12 on revs $52.5Mm vs est. $57.4Mm; sees FY revs +9-10% or $203.5M-$206M from $216.3M-$224.5M, below est. +18.7% Merck ($MRK) said the U.S. government will buy 1.4 million additional courses of their COVID-19 pill, molnupiravir, for about $1 bln and that the U.S. has now committed to purchase a total of about 3.1 million courses of molnupiravir for about $2.2 billion Haemonetics ($HAE) Q2 adj EPS $0.60 vs. est. $0.61; Q2 revs $239.9M vs. est. $241.4M; lowers FY22 adj EPS view to $2.40-$2.65 from $2.60-$3.00 and narrows its FY22 revenue view to up 13%-17% from up 13%-18% Technology, Media & Telecom Bandwidth Inc. ($BAND) Q3 adj EPS $0.25 vs. est. $0.08; Q3 revs $130.6M vs. est. $125.3M; guides Q4 EPS loss (15c-11c) vs. est. loss (-$0.01); sees Q4 revs $115.7M-$120.7M vs. est. $125.5M 3D Systems ($DDD) 3Q adj EPS $0.08 vs est. $0.05 on revs $156.1Mm vs est. $144.8Mm; guides FY adj gr mgn 41-43% vs est. 42.7% Five9 Inc. ($FIVN) 3Q adj EPS $0.28 vs est. $0.23 on revs $154.3Mm vs est. $146.8Mm; guides 4Q revs $164.5-165.5mm vs est. $157.8Mm, sees 4Q adj EPS $0.36-0.37 vs est. $0.34; sees FY revs $$600.5-601.5Mm vs est. $585.2Mm and adj EPS $1.09-1.10 vs est. $1.02 Instructure Holdings, Inc. ($INST) 3Q EPS ($0.10) vs est. $0.14 on revs $107.2Mm vs est. $101.1Mm; sees 4Q revs $106.9-107.9Mm vs est. $104.1Mm; guides FY revs $401.7-402.7Mm vs est. $397.4Mm, sees FY adj EBITDA $143.6-144.6Mm vs est. $130Mm Luminar Technologies, Inc. ($LAZR) shares rise 50%; said at the NVIDIA GTC conference that its lidar solution has been selected to be part of the sensor suite in the NVIDIA DRIVE Hyperion autonomous vehicle reference platform. This AI vehicle computing platform accelerates development of autonomous consumer vehicles with planned production starting in 2024. New Relic ($NEWR) Q2 adj EPS loss (10c) vs. est. loss (13c); Q2 revs $196M vss. Est. $182.21M; cuts FY22 adj EPS loss view to (60c)-(54c) from (52c)-(49c) while boosts FY22 revenue view to $778M-$782M from $730M-$735M (est. $736.8M) National CineMedia ($NCMI) Q3 EPS loss (19c) vs. est. loss (13c); Q3 revs $31.7M vs. est. $41.24M; Q3 adjusted OIBDA improved to negative $8.2 million for the third quarter of 2021 from negative $11.2 million for the third quarter of 2020 Roblox ($RBLX) shares rise 29%; Q3 EPS (13c) vs est. (14c) on bookings $637.8M vs est. $636.5M, revenue $509.5M, avg DAUs 47.3M vs est. 46.6M, hours engaged 11.2B (+28% YoY), avg booking per DAU $13.49 Sanmina ($SANM) Q4 adj EPS $0.95 vs. est. $0.99; Q4 revs $1.64B vs. est. $1.7B; sees Q1 adj EPS 90c-$1.00 vs. est. $1.01; sees Q1 revs $1.6B-$1.7B below consensus $1.76B Square Space ($SQSP) Q3 EPS 4c vs est. 14c on revenue $201M vs est. $205.2M; sees Q4 revenue $203M-$206M vs est. $205.2M, raised annual revenue forecast to $780M-$783M from $772M-$780M (est. $778.4M) and unlevered FCF to $117M-$122M from $102M-$116M TripAdvisor ($TRIP) 3Q adj EPS $0.16 vs est. $0.24 on revs $303Mm vs est. $304.4Mm; avg monthly unique users on branded websites rose to about 76% of 2019 comparable period; says CEO will step down during 2022 Vuzix Corporation ($VUZI) Q3 EPS loss (-$0.13), in-line with ests; Q3 revs $3.02M vs. est. $3.79M; General and Administrative expense for the three months ended September 30, 2021 was $3.1 million versus $1.6 million for the comparable 2020 period Xperi Holding Corporation ($XPER) 3Q adj EPS $0.53 vs est. $0.34 on res $219.4Mm vs est. $215.4Mm; guides FY revs $870-890Mm vs est. $882.2Mm Zynga ($ZNGA) 4Q EPS ($0.04) vs est. $0.07 on revs $704.7Mm vs est. $666Mm, qtrly bookings $668Mm +6%, average mobile DAUs 38Mm +21%, qtrly avg mobile MAUs 183Mm +120%; sees FY revs $2.78B vs est. $2.81B, sees FY bookings $2.814B
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Monday, November 8, 2021 Futures Up/Down % Last Dow 72.00 0.20% 36,287 S&P 500 4.25 0.09% 4,694 Nasdaq 9.00 0.06% 16,360 U.S. futures are looking to open at new record highs (again) after Washington passed a smaller form of its highway, broadband and other infrastructure improvement spending deal this weekend, as the $1 trillion infrastructure bill passed through Congress on Friday. A very important week of economic data coming up with monthly CPI, PPI inflation data mid-week. Crypto assets rising to records ahead of the inflation reports as Bitcoin up 8% nearing $66K, Ethereum record highs up over 6% above $4,700, Litecoin tops $200, up over 5.75% as crypto assets surging again. Tech futures underperform following weakness in Tesla (TSLA) after its CEO Elon Musk on Saturday asked his 62.5 million followers on Twitter in a poll if he should sell 10% of his Tesla stock. The world’s richest person had previously said he could face a “massive” tax bill this year as he has to exercise a large number of stock options coming due next year. In Asian markets, The Nikkei Index fell -100 points to 29,507, the Shanghai Index rose 0.2% to just under 3,500, and the Hang Seng Index declined 100 points to 24,763. In Europe, the German DAX is down about -0.1% at 16,035, while the FTSE 100 is flat holding just above 7,300. Last week the S&P 500, Nasdaq and Dow notched their fifth straight weekly advances (longest streak for the S&P since Aug 2020); for the week, the S&P 500 rose 2%, the Dow added 1.42%, the Nasdaq gained 3.05% and the Russell 200o over 6%. The Nasdaq 100 (QQQ) notched its 10th winning session in a row on Friday while the S&P 500 scored another record high on Friday and booked a week of solid gains following a strong U.S. jobs report and positive data for Pfizer’s experimental pill against COVID-19, which helped boost travel and other economic reopen sectors. The news kept the run going for equities after investors earlier in the week digested the Federal Reserve’s decision to start reducing its monthly bond purchases put in place to support the economy. Market Closing Prices Yesterday The S&P 500 Index gained 17.47 points, or 0.37%, to 4,697.53 The Dow Jones Industrial Average rose 203.72 points, or 0.56%, to 36,327.95 The Nasdaq Composite climbed 31.28 points, or 0.20%, to 15,971.59 The Russell 2000 Index advanced 34.65 points, or 1.44% to 2,437.08 Events Calendar for Today No major U.S. economic data Earnings Calendar: Earnings Before the Open: ATRO, AXSM, BKI, COTY, DS, EDIT, EHTH, GATO, GTES, HLIO, KOS, LINC, NERV, NSSC, RDNT, RDUS, RETA, THS, TTD, USFD, VAC, VUZI, WOW, ZIXI Earnings After the Close: ACAD, AEIS, AEL, AMBC, AMC, AMPH, AMRS, APEI, APPF, APTS, ASUR, ATER, AVEO, BAND, BRP, CARA, CBT, CHRS, CLRS, CLOV, CSSE, CSTL, CXW, DDD, DOOR, ENV, FIVN, FLDM, FRPT, FSK, FTK, GOSS, HIL, IEA, IFF, IIN, INST, IPAR, JKHY, KERN, LMND, LOTZ, MRC, MRTX, MWA, NCMI, NEWR, NNI, NVRO, NVTA, OCIUL, OUST, PRA, PRI, PRIM, PYPL, RBLX, REAL, SANM, SCOR, SDC, SNCR, SPCE, SWSP, SWAV, SWX, TCMD, TREX, TRIP, TWO, XNCR, ZIOP, ZNGA Other Key Events: Credit Suisse 30th Annual Healthcare Conference, 11/8-11/11 (virtual) JPMorgan Global Consumer, Retail & Luxury Conference, 11/8-11/21 (virtual) EEI Financial Conference, 11/7-11/9 (virtual) REITWorld 2021 Annual Conference, 11/9-11/12 (virtual) Macro Up/Down Last Nymex 1.22 82.49 Brent 1.09 83.83 Gold -0.50 1,818.50 EUR/USD -0.0002 1.1564 JPY/USD 0.05 113.46 10-Year Note +0.032 1.485% World News China’s export growth moderated slightly to 27.1% yoy in October, above the 22.8% consensus expectation, implying a sequential gain of 2.6% in October (a modest slowdown from +3.0% in September) despite electricity constraints in October. At the same time, imports rose 20.6% yoy in October, missing expectations of a 26.2% surge, but fell 3.2% sequentially in October (vs. -0.7% in September). As a result of the far bigger growth in exports over imports, the monthly trade surplus rose further to a record high of $84.5bn in October, supporting the appreciation of the Chinese yuan in October, even as China’s economy has slowed down sharply in recent months. China’s trade surplus with the United States was $40.75 billion in October based on customs data showed on Sunday, down from $42 billion in September. For the first ten months of the year, the surplus was $320.67 billion – Reuters Highway, broadband and other infrastructure improvement spending deal this weekend, as the $1 trillion infrastructure bill passed through Congress on Friday and among parts of the deal, allows for $7.5 billion spending for building out a network of electric vehicle chargers and another $7.5 billion for low or zero-emission buses and ferries. Sector News Breakdown Consumer Tesla Inc ($TSLA) CEO Elon Musk on Saturday asked his 62.5 million followers on Twitter in a poll if he should sell 10% of his Tesla stock. The world’s richest person had previously said he could face a “massive” tax bill this year as he has to exercise a large number of stock options coming due next year. “Note, I do not take a cash salary or bonus from anywhere. I only have stock, thus the only way for me to pay taxes personally is to sell stock,” Musk said on Twitter on Saturday. Rivian Automotive ($RIVN) raises IPO price range to $72.00-$74.00 from $57.00-$62.00. Separately, Barron’s noted Rivian Automotive (RIVN) is set to go public this coming week at a market value that could exceed that of Honda Motor (HMC) despite having sold just a handful of vehicles, with a market cap around $64 billion Haverty’s (HVT) announces special cash dividend, quarterly cash dividend, and additional authorization under stock repurchase program Peloton ($PTON) has halted hiring across all departments effective immediately, CNBC reported late Friday, a day after it slashed its full-year outlook amid slowing momentum for its fitness products Coty ($COTY) agrees to sell additional partial stake in Wella to KKR in exchange for about 56% of Preferred Coty shares owned by KKR Marriott Vacations ($VAC) Q3 adjusted EPS $1.60 vs. est. $1.42; Q3 revs $1.05B vs est. $1.07B; said occupancies at our resorts this quarter were very strong despite the Delta variant and contract sales were within 3% of 2019 levels, driving 25% sequential growth in Adjusted EBITDA Energy China’s crude oil imports plunged in October to the lowest since September 2018, as large state-owned refiners withheld purchases because of rising prices while independent refiners were restrained by limited quotas to import. The world’s biggest crude oil importer brought in 37.8 million tonnes last month, data from the General Administration of Customs showed on Sunday, equivalent to 8.9 million barrels per day (bpd). – Reuters FirstEnergy ($FE) agrees to sell a 19.9% stake in its three regulated transmission businesses to Brookfield Asset Management (BAM) for $2.4B Financials Berkshire Hathaway Inc ($BRK/A) said that global supply chain disruptions kept a lid on its ability to generate profit; Q3 operating profit rose 18% but missed analyst forecasts amid goods shortages that crimped consumer spending; net income, meanwhile, fell 66%, reflecting lower gains from stock holdings such as Apple Inc and Bank of America Corp. Alleghany ($Y) mentioned positively in Barron’s saying shares should not be overlooked noting under CEO Weston Hicks, Alleghany has used a similar strategy to create an attractive, smaller-scale version of Warren Buffett’s Berkshire Hathaway ($BRK.A) R. Berkley ($WRB) announced that its Board of Directors has declared a special cash dividend on its common stock of $1.00 per share to be paid on December 22 to stockholders of record at the close of business on December 7 Healthcare Cannabis stocks rose late Friday after Marijuana Moment reported a fresh Republican-led attempt to legalize marijuana. The States Reform Act led by Rep. Nancy Mace (R-SC) is still in the preliminary stage, and a final version is expected to be filed later this month. As U.S. health authorities expand use of the leading Covid-19 vaccines, researchers investigating heart-related risks linked to the shots are exploring several emerging theories, including one centered on the spike protein made in response to vaccination. Researchers aren’t certain why the messenger RNA vaccines, one from Pfizer Inc. ($PFE) and partner BioNTech SE ($BNTX) and the other from Moderna Inc., are likely causing the inflammatory heart conditions myocarditis and pericarditis in a small number of cases. – WSJ https://on.wsj.com/3mQqCVY Alcon ($ALC) has acquired Ivantis, developer and manufacturer of the novel Hydrus Microstent, a minimally-invasive glaucoma surgery (MIGS) device designed to lower intraocular pressure for open-angle glaucoma patients in connection with cataract surgery for $475M in upfront consideration Genetron Holdings ($GTH) has formed a strategic partnership with oncology laboratory solution provider NeoGenomics (NEO) to drive global oncology drug research and development. Industrials & Materials Boeing ($BA) directors agreed to a $237.5 million settlement of claims that they turned a blind eye to safety issues related to 737 Max jetliners whose crashes have cost the company more than $20 billion, according to court documents Blade Air Mobility ($BLDE) is bringing ride-sharing to helicopters-just don’t call it the Uber ($UBER) of the sky. The stock can take off without that comparison, Barron’s reported. Blade Air Mobility is a less risky way to invest in the eVTOL future, though certainly not risk-free BHP is close to a deal to sell its controlling interest in two Australian coal mines to Stanmore Resources Ltd. ($STMRF) for ~$1.25B, the Wall Street Journal reports. Technology, Media & Telecom New Oriental Education & Technology ($EDU), Gaotu Techedu ($GOTU), and Tal Education ($TAL) shares all rising over 20% after the WSJ reported that China plans to issue more than a dozen licenses that would allow companies to offer after-school tutoring. The report said Gaotu Techedu (GOTU) and Yuanfudao, a unit of Tencent ($TCEHY), have held talks about resuming tutoring to students in the ninth grade and below https://on.mktw.net/3EVcxg5 Trinseo ($TSE) has begun work to explore the divestiture of its Styrenics businesses and plans to launch a formal sales process in Q1 of 2022. The scope of this potential divestiture is expected to include the Feedstocks and Polystyrene reporting segments as well as the company’s 50% ownership of Americas Styrenics AU Optronics ($AUOTY) reports October revenue of NT$30.38B (+18.1% Y/Y, -9.9% M/M); the total panel area shipment reached around 2.08 million square meters in October 2021, down by 4.3% month-over-month. ChipMOS ($IMOS) reports October revenue of $82.3M (-2.3% M/M; +10.7% Y/Y).
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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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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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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.