$SGMS

sorry IGMS not sgms

shorted SGMS 20.623 200 mill offering announced 20 mins ago

Upside momentum continues with S&P futures edging higher, looking to make it a 9th straight day of gains overall, and the Nasdaq Composite looking at an 11th straight day of advances, with no signs of caution by investors heading into key inflation data today and tomorrow. The producer price index (PPI) for October is expected at 8:30 AM, and the consumer price index (CPI) tomorrow, but still no concerns exhibited in the bond market with the 10-year yield at its lowest level in 2-weeks around 1.45%, while gold prices are steady at $1,829 an ounce. The S&P 500 closed at an all-time high for the eighth consecutive session last night, extending the longest winning streak since 1997, as investors added the impact of $1 trillion in fresh government stimulus. That coupled with removed travel lockdowns, a strong earnings season, and positive vaccine news has boosted stocks over the last month. In Asian markets, The Nikkei Index fell -0.75% to 29.285, the Shanghai Index gained 0.24% to settle at 3,507 and the Hang Seng Index rose 0.2% to 24,813. In Europe, the German DAX is up 45 points to 16,090, while the FTSE 100 rise 0.2% to 7,313. Stocks keep pushing higher, making new all time highs each day the past week for the Dow, Nasdaq, S&P 500 and Russell 2000. Events Calendar for Today 6:00 AM ET NFIB Small Business Optimism Index for Oct 7:45 AM ET ICSC Weekly Retail Sales 8:30 AM ET Producer Price Index MoM for October…est. 0.6% 8:30 AM ET Producer Price Index YoY for Oct…est. 8.7% 8:30 AM ET PPI Ex: Food & Energy MoM for October…est. 0.5% 8:30 AM ET PPI Ex Food & Energy YoY for October…est. 6.8% 8:55 AM ET Johnson/Redbook Weekly Sales 4:30 PM ET API Weekly Inventory Data Earnings Calendar: Earnings Before the Open: AFI, AGEN, APRN, BSY, CAH, CCO, CEVA, CNCE, CORR, CSII, CTG, DRNA, EBIX, ECOM, FSS, HAE, HAIN, HCI, HGV, HRMY, IGT, IIVI, ITCI, KPLT, MIDD, MRNS, MRSN, MSGE, OCGN, OSG, OWL, PLTR, PRPL, PRTY, SEAS, SSTI, STWD, SYY, TGI, VCEL, WHF, WKHS, WNC, WRK, XPEL Earnings After the Close: ACHV, AIRG, ALTO, ARLO, ASH, AVID, AXON, CALA, CCXI, CLPT, CNNE, COIN, CPRX, CPSI, CRIS, DAR, DASH,DNUT, DOCS, DSP, DV, EGAN, ELY, EPAY, EPM, EVBG, FC, FGEN, FLGT, FUBO, G, GO, HCKT, HYLN, ID, INO, KODK, LAW, LGND, LPRO, MCFE, MNKD, MODN, NVTS, OCX, ORGO, PAR, PAY, PAYS, PLUG, POSH, PUBM, PXLW, REI, RNG, RPAY, SAIL, SCSC, SEER, SGMS, SILK, SKIN, TMDX, TWNK, TWOU, U, UPST, VERI, VRM, VZIO, WES, WYNN Other Key Events: Baird 51st Annual Global Industrial Conference, 11/9-11/12 (virtual) Bank America 2021 Banking & Financials Conference, 11/9-11/10 (virtual) Cowen 7th Annual Software Bus Tour, 11/9/110 (virtual) Credit Suisse 30th Annual Healthcare Conference, 11/8-11/11 (virtual) JPMorgan Global Consumer, Retail & Luxury Conference, 11/8-11/11 (virtual) EEI Financial Conference, 11/7-11/9 (virtual) REITWorld 2021 Annual Conference, 11/9-11/12 (virtual) China PPI, CPI and M2 Money Supply for October Sector News Breakdown Consumer AMC Entertainment ($AMC) Q3 EPS ($0.44) vs est. ($0.53) on revenue $763.2M vs est. $708.3M; currently has liquidity availability over $1.8B, does not anticipate the need to borrow under revolver lines over the next 12 months CarLotz ($LOTZ) 3Q EPS ($0.03) vs est. ($0.21) on revs $68Mm vs est. $55.2Mm, will continue to open new hubs in 2022, though fewer than in 2021; says expects sequential qtrly improvement in retail units sold and retail GPU in 4Q Clarus Corp ($CLAR) 3Q adj EPS $0.50 vs est. $0.48 on sales $109Mm vs est. $106.1Mm; guides FY sales $362.5Mm vs est. $359.7Mm Freshpet ($FRPT) shares fell -14%; Q3 EPS (5c) vs est. 7c profit on revenue $107.6M vs est. $115.5M; now sees FY sales approx. $445M from prior guidance of sales exceeding $445M, adj EBITDA approx. $50M from prior view above $61M Hertz ($HTZZ)5M share Secondary priced at $29.00 R. Horton ($DHI) Q4 EPS $3.70 vs. est. $3.40; Q4 revs $8.1B vs. est. $7.94B; consolidated pre-tax profit margin improved 480 basis points to 21.3% and consolidated pre-tax income increased 63% to $1.7B; Q4 net sales orders down 33% to 15,949 homes; sees FY22 revenue $32.5B-$33.5B above consensus $32.22B International Flavors & Fragrances Inc. ($IFF) Q3 EPS $1.47 vs. est. $1.16; Q3 revs $3.07B vs. est. $2.61B; sees FY21 revs $11.55B vs. est. $10B; sees FY21 adjusted operating EBITDA margin 21% Inter Parfums ($IPAR) Q3 EPS $1.20 vs. est. $0.68; Q3 revs $263M vs. est. $262.69M; said our largest brands, notably Montblanc, Jimmy Choo, Coach, GUESS and Lanvin performed exceptionally well in the Q3 turning in gains of 26%, 40%, 98%, 27%, and 37%, respectively, as compared to 2019’s third quarter Jack Henry Associates ($JKHY) 1Q EPS $1.38 vs est. $1.32 on revs $488.1Mm vs est. $489.4Mm; guides FY adj revs $1.87-1.875B vs est. $1.91B, sees FY EPS $4.64-4.73 vs est. $4.59 Masonite ($DOOR) 3Q adj EPS $1.99 vs est. $1.87 on revs $652Mm vs est. $675Mm; guides FY adj EPS $7.95-8.25 vs est. $8.13, sees FY sales +15-17% vs est. +18.6% RealReal ($REAL) Q3 adj EPS ($0.47) vs est. ($0.50) on revenue $119M vs est. $113.3M, adj EBITDA ($31.5M) vs est. ($36M), gross profit per order $94 vs $90 YoY, GMV $368M was +50% vs 2020 and +46% vs 2019, orders 757k (+38% YoY) ThredUp ($TDUP) 3Q EPS ($0.15) vs est. ($0.16) on revs $63.3Mm vs est. $61.8Mm, qtrly active buyers 1.4Mm and orders 1.3Mm (+14% and 28%, respectively); guides 4Q revs $69-71Mm vs est. $62.8Mm Trex Company ($TREX) Q3 EPS $0.64 vs. est. $0.58; Q3 revs $336M vs. est. $325.6M; guides Q4 revs $295M-$305M vs. est. $276.3M; Net income grew 73% to $74M; diluted earnings per share of $0.64, up 73%; EBITDA grew 76% to $108M; EBITDA margin of 32.2% Energy, Industrials and Materials General Electric ($GE) to split into three public companies – GE Aviation, GE Healthcare, and the combined GE Renewable Energy, GE Power, and GE Digital businesses to become three industry-leading, global, investment-grade public companies Advanced Energy Industries, Inc. ($AEIS) Q3 adj EPS $0.89 vs. est. $0.82; Q3 revs $346.1M vs. est. $341.52M; sees Q4 adj EPS 92c plus/minus 25c vs. est. $1.12; sees Q4 revs $355M plus/minus $20M vs. est. $373.09M. Amyris, Inc. ($AMRS) shares fell -25%; 3Q adj EPS ($0.27) vs est. ($0.15) on revs $48Mm vs est. $64.2Mm; sees FY revs $330-370Mm vs est. $391.6Mm; says supply chain challenges impacting near-term performance and growth trajectory Cabot ($CBT) Q4 adj EPS $1.01 vs. est. $1.03; Q4 revs $904M vs. est. $915.01M; Q4 Reinforcement Materials led the way delivering an increase in EBIT of $167 million while Performance Chemicals also recorded strong results; sees FY22 EPS $5.20-$5.60 vs. est. $5.52 Virgin Galactic ($SPCE) Q3 EPS loss (-$0.32) vs. est. loss (-$0.28); Q3 revs $2.6M vs. est. $1.6M; commercial service on track for q4 2022; strong ticket sales at updated pricing of $450,000 per seat; cash position remains strong at approximately $1.0 billion Financials CoreCivic, Inc. ($CXW) Q3 adj FFO/share $0.48, adj EPS $0.28 vs est. $0.18, revenue $471.2M vs est. $467.1M, adj EBITDA $100.9M vs est. $85.3M; is not providing full-year guidance due to uncertainties surrounding the resurgence of Covid-19 caused by the Delta variant and the administration’s executive actions and policies related to immigration and criminal justice, but will provide FY22 guidance in February when reporting 4Q21 results Cohen & Steers, Inc. ($CNS) preliminary assets under management of $101.6 billion as of October 31, 2021, an increase of $4.3 billion from assets under management at September 30, 2021. The increase was due to net inflows of $138 million and market appreciation of $4.4 billion, partially offset by distributions of $203 million. First Advantage ($FA) files to sell 15M shares of common stock for holders Lemonade Inc. ($LMND) will acquire Metromile in an all-stock transaction that implies a fully diluted equity value of approximately $500 million, or just over $200 million net of cash PayPal ($PYPL) Q3 non-GAAP EPS $1.11 vs. est. $1.07; Q3 revs $6.18B vs. est. $6.23B; Q3 total payment volume of $310B, growing 26%, and 24% on an FX-neutral basis; 4.9 billion payment transactions in qtr, up 22%; expects to add about 55Mm NNAs, including about 3 million active accounts from the acquisition of Paidy; 13.3M NNAs added in qtr , bringing total active accounts to 416 million, up 15%; expects FY TPV growth to be in the range of about 33%-34% at current spot rates and about 31%-32% on an FX basis Robinhood ($HOOD) said a third party had obtained access to email addresses of about 5 mln of its customers, while full names for a different group of nearly 2 mln people in an incident, which took place on Nov. 3; said 310 people had more personal information, including names, birth, dates and zip codes compromised, while 10 customers had more extensive account details revealed Third Coast Bancshares ($TCBX)5M share IPO priced at $25.00

Thursday, October 28, 2021 Futures Up/Down % Last Dow 54.00 0.15% 35,443 S&P 500 11.25 0.26% 4,556 Nasdaq 74.50 0.47% 15.662 U.S. futures are looking at a rebound after a late day swoon erased record gains for stocks, as markets again await another earnings barrage, with yesterday and today the two busiest days of the quarter. Drama out of Washington D.C. also adding to the volatility as investors remain hopeful on a spending bill. As for Wednesday, a midday all-time high for the Nasdaq 100 was marred by a late day sell-off in U.S. stocks, as the S&P 500 and Dow each retreated from records set just the previous day, led by weakness in energy stocks as oil prices tumbled from 7-year highs and long-dated Treasury yields also slumped, with the 30-year falling as much as 10bps below 2%. Corporate earnings have generally been better-than-expected, but constant reminders about rising costs, supply-chain issues, and labor shortages on conference calls brings into question the strength of markets going forward. Couple that with expectations for the Fed to begin its asset tapering plans in November and chances of interest rate hikes in mid-2022 to help prevent inflation getting further out of hand remains a market concern. Shares of Dow components McDonald’s, Coca-Cola and Microsoft rallied behind strong earnings. In fact, the Nasdaq outperformed behind large cap winners (TSLA, GOOGL MSFT, AMZN), though breadth was decisively negative and SmallCaps plunged with the Russell 200 falling nearly 2%. President Biden’s infrastructure and social-spending plans still remain “up-in-the-air” which also adds uncertainty. In Asian markets, The Nikkei Index fell about 1% to 28,820, the Shanghai Index slipped -1.23% to 3.518 and the Hang Seng Index dipped about -0.25% to 25,555. In Europe, the German DAX is down -0.15% at 15,680, while the FTSE 100 is also down roughly -0.2% at 7,240. Market Closing Prices Yesterday The S&P 500 Index dropped -23.11 points, or 0.51%, to 4,551.68 The Dow Jones Industrial Average fell -266.19 points, or 0.74%, to 35,490.69 The Nasdaq Composite little changed, or 0.00%, to 15,235.84 The Russell 2000 Index declined -43.58 points, or 1.90% to 2,252.49 Events Calendar for Today 8:30 AM ET Weekly Jobless Claims…est. 290K 8:30 AM EST Continuing Claims…est. 2.415M 8:30 AM ET Gross Domestic Product (GDP) for Q3-A…est. 2.7% (down from prior) 8:30 AM ET GDP Consumer Spending for Q3-A…prior month 12.0% 8:30 AM ET GDP Price Deflator for Q3…est. 5.5% 8:30 AM ET Core-PCE Prices Advance for Q3…est. 4.5% 10:00 AM ET Pending Home Sales MoM for September…est. 0% 10:30 AM ET Weekly EIA Natural Gas Inventory Data 11:00 AM ET Kansas City Fed Manufacturing for October 1:00 PM ET U.S. to sell $62 bln 7-year notes Earnings Calendar: Earnings Before the Open: AB, ABMD, ADS, AEP, AGCO, ALNY, AMT, AOS, ATI, BAX, BC, BSIG, BTU, CARR, CAR, CBRE, CBZ, CFR, CG, CMCO, CMCSA, CMS, CNX, COLB, CONE, COOP, COR, CWT, DBD, EME, EXP, FCN, GPI, GVA, HBAN, HSY, IBP, ICE, ITW, KBR, KDP, KEX, LECO, LH, LKQ, MA, MCO, MDD, MO, MRK, NEM, NLSN, NOC, OSK, OSIS, OSTK, PBF, RGEN, RLGY, RS, SAH, SAIA, SNDR, SWI, SWK, TAP, TFX, TPX, TREE, TW, TXT, VC, VLY, WEX, WST, XEL, YUM Earnings After the Close: AAPL, ABCB, ACHC, AGL, AMZN, ASPN, ATEN, ATR, AVT, AX, BIO, BY, CDNA, CHE, COHU, COLM, CPT, CUZ, CWST, DECK, DVA, DXCM, EB, EMN, FISI, FTDR, FTV, GILD, HIG, HUBG, LOPE, LPLA, LTC, NGRC, MHK, MMSI, MPWR, MSTR, NATI, NXGN, PEB, POWI, PSB, PTCT, QUMU, RMD, RSG, SBCF, SBUX, SGEN, SKX, SKYW, SM, SPNE, SSNC, SYK, TEX, TXRH, VCRA, VRSN, WDC, WRAP, WRE, X, ZEN Macro Up/Down Last Nymex -1.61 81.05 Brent -1.37 83.21 Gold -2.10 1,801.20 EUR/USD -0.0006 1.1598 JPY/USD -0.23 113.57 10-Year Note +0.012 1.541% Sector News Breakdown Consumer eBay Inc. (EBAY) 3Q adj EPS $0.90 vs est. $0.89 on revs $2.5B vs est. $2.46B; guides 4Q adj EPS $0.72-0.76 vs est. $1.00, sees 4Q revs $2.57-2.62B vs est. $2.65B; raising estimated FY share buyback from $5.0B to $7.0B Ford Motor (F) announces resumption of stock dividend in 4q; 3Q adj EPS $0.51 vs est. $0.27 on revs $35.7B vs est. $32.5B; expects cash flow over current planning period to be more than sufficient to fund growth, announces resumption of regular stock dividend in 4Q; no changes to FY adj FCF guide of $4.0-5.0B Boot Barn (BOOT) Q2 EPS $1.25 vs est. $0.93 on revenue $312.7M (+67.1% vs 2Q19) vs est. $291M, same-store sales +61.7% YoY, +53.6% vs 2019; sees new unit growth 10% in FY22; named Jim Watkins as CFO with current CFO Greg Hackman continuing as VP and COO Churchill Downs (CHDN) 3Q EPS $1.57 vs est. $1.47 on revs $393Mm vs est. $406.8Mm Fresh Del Monte Produce Inc. (FDP) said it is raising prices on bananas, pineapples and fresh-cut fruit in response to unprecedented market conditions and inflationary pressures being felt across all industries iRobot (IRBT) Q3 EPS $1.67 vs. est. $0.70; Q3 revs $440.7M vs. est. $417.04M; cuts FY21 non-GAAP EPS view to $1.15-$1.74 from $2.25-$3.15 (est. $2.70) and lowers FY21 revenue view to $1.56B-$1.59B from $1.55B-$1.62B (est. $1.58B) Noodles (NDLS) Q3 adj EPS 12c vs est. 9c on in-line revenue $125.1M with digital sales 52% of total revs; system-wide comp sales +16.3% vs est. +14.3%, avg unit volume $1.38M, +16% YoY; now sees 7-9 new restaurants in 2021, down from prior outlook for 10-15; anticipates system-wide unit growth of at least 8% next year O’Reilly Auto (ORLY) Q3 EPS $8.07 vs. est. $7.18; Q3 sales $3.48B vs. est. $3.3B; gross profit margin 52.3% vs. 52.4% y/y; raises year rev outlook to $12.9B-$13.2B from prior $12.3B-$12.6B (est. $12.73B) Sleep Number (SNBR) 3Q EPS $2.22 vs est. $1.44 on revs $640Mm vs est. $587.1Mm; sees FY EPS $7.25 vs est. $7.15; Spirit Airlines (SAVE) Q3 adj EPS ($0.69) was a narrower loss than est. ($1.02) on in-line revs $922.6M; load factor 77.6%, capacity +3.5% vs 3Q19; is slowing the pace to push back to full fleet utilization, expects to produce 53B-55B available seat miles in 2022 VICI Properties (VICI) 3Q adj FFO/shr $0.45 on revs $375.7Mm; guides FY adj FFO/shr $1.7901.80 vs est. $1.84 Wyndham Hotels (WH) 3Q EPS $1.09 vs est. $0.91 on net revs $463Mm vs est. $463Mm; guides FY RevPAR growth about 43%, sees fee-related and other revs $1.21-1.23B; guides FY adj EPS $2.93-3.03 vs est. $2.69 Yum China (YUMC) Q3 adj EPS $0.22 vs. est. $0.31; Q3 revs $2.55B vs. est. $2.51B; qtrly total system sales increased 1% year over year, with increases of 1% at both KFC and Pizza Hut, excluding f/x; increasing gross new stores target to over 1,700 in 2021; expect that covid-19, especially the delta variant outbreaks, will continue to affect consumer behavior and impact our same-store sales recovery. Solo Brands, Inc. (DTC) prices 12.9M share IPO at $17.00 per share Scientific Games Corp (SGMS) announces sale of lottery business to Brookfield business partners for $6.05 billion; deal consisting of $5.825 bln in cash & an earn-out of up to $225 mln based on achievement of certain ebitda targets in 2022 & 2023 Energy, Industrials & Materials Allison Transmission (ALSN) 3Q EPS $0.89 vs est. $0.90 on revs $567Mm vs est. $584Mm; guides FY sales $2.325-2.4B vs est. $2.36B Flowserve Corp. (FLS) 3Q adj EPS $0.29 vs est. $0.40 on revs $866.1Mm vs est. $899Mm; guides FY revs down 2-4% vs est. -2.3%, sees FY EPS $1.45-1.65 (was $1.40-1.45) vs est. $1.58, sees CAPEX $70-80Mm vs prior $65Mm Kraton (KRA) Q3 adj EPS $0.98 vs. est. $0.79; Q3 revs $526.9M vs. est. $459.1M; Polymer segment operating income of $43.8 million, compared to an operating loss of $5.1 million YoY; Chemical segment operating income of $35.7M, compared to an operating loss of $401.7M YoY Sunnova Energy (NOVA) Q3 EPS ($0.25) vs est. ($0.13) on revenue $68.9M vs est. $67.4M; reaffirmed FY21 view for adj EBITDA $80M-$85M, customer additions 55k-58k; set FY22 guidance for adj EBITDA $117M-$137M, customer additions 83k-87k Tronox Holdings (TROX) Q3 adj EPS $0.72 vs. est. $0.64; Q3 revs rose 29% to $870M vs. est. $905.3M United Rentals (URI) 3Q adj EPS $6.58 vs est. $6.80 on revs $2.6B vs est. $2.58B; guides FY revs $9.6-9.75B vs est. $9.6B, sees FY adj EBITDA $4.325-4.4B vs est. 4.3B Financials Aflac (AFL) Q3 adj EPS $1.53 vs. est. $1.32; Q3 revs $5.2B vs. est. $5.34B; in yen terms, Aflac Japan’s net premium income was ¥323.1 bln for quarter, or 4.0% lower than a year ago AvalonBay (AVB) Q3 core FFO $2.06 vs est. 1.97, EPS $0.56 vs est. $0.77, same-store sales +1.2%; sees Q4 core FFO $2.19-$2.29 vs est. $2.11, raised FY core FFO view to $8.18-$8.28 from $7.92-$8.12 CyrusOne Inc. (CONE) 3Q adj FFO/shr $1.02 vs est. $0.99 on revs $304.1Mm vs est. $290.4Mm; guides FY revs $1.18-1.2B vs est. $1.17B Invitation Homes (INVH) Q3 core FFO 38c/shr vs est. 36c, EPS 12c vs est. 10c, revenue $510M vs est. $497.8M; same-store NOI +11.9% YoY on same-store revs +7.9%; raised FY21 core EPS view to $1.49 at midpoint from $1.44, adj FFO ro $1.28 at midpoint from $1.24 Lending Club (LC) Q3 EPS $0.26 vs est. $0.03 on revenue $246.2M vs est. $221.2M; sees Q4 revs $240M-$250M vs est. $235.7M, loan originations $2.8-$3B; raised FY view for revenue to $796M-$806M from $750M-$780M Raymond James (RJF) Q4 EPS $2.06 vs. est. $1.71; Q4 revs $2.7B vs. est. $2.54B; quarter-end records for client assets under administration of $1.18 trillion, financial assets under management of $191.9B, and net loans at Raymond James Bank of $25B The SEC asked at least one asset manager not to proceed with plans for a leveraged bitcoin exchange-traded fund, according to a person familiar with the matter. The SEC indicated it wants to limit new bitcoin-related products to those that provide unleveraged exposure to bitcoin futures contracts, such as the ProShares Bitcoin Strategy exchange-traded fund, which was launched last week, the person said. https://on.wsj.com/3GvG2qg Healthcare Align Technology (ALGN) 3Q adj EPS $2.87 vs est. $2.60 on revs $1.02B vs est. $978Mm; guides FY revs $3.9-3.95B vs est. $3.94B; says clinical study validates benefits of the Itero Element 5D imaging system Alnylam (ALNY) reports positive topline 18-month results from Helios-a phase 3 study of Vutrisiran in patients with HATTR amyloidosis with polyneuropathy BioMarin (BMRN) Q3 GAAP EPS loss (-$0.20) vs. est. loss (-$0.25); Q3 revs $408.7M vs. est. $435.32M; Lower Kuvan product revenues primarily due to generic competition due to the loss of exclusivity in the U.S.; Lower Aldurazyme product revenues due to timing of product fulfillment to Genzyme Edwards LifeSciences (EW) Q3 EPS $0.54 vs. est. $0.53; Q3 revs $1.3B vs. est. $1.32B; sees FY21 adjusted EPS at high end of $2.07-$2.27 (est. $2.26) and reaffirms FY21 revenue view $5.2B-$5.4B (est. $5.32B); TAVR sales grew 15%; underlying 14%; U.S. TAVR sales grew 12%; OUS approximately 20% Encompass Health (EHC) Q3 adj EPS $1.03 vs. est. $1.06; Q3 revs $1.28B vs. est. $1.31B; cuts FY21 adj EPS view to $4.23-$4.38 from $4.32-$4.47 and lowers FY21 revenue view to $5.08B-$5.13B from $5.1B-$5.25B (est. $5.18B) Molina Healthcare (MOH) Q3 adj EPS $2.83 vs. est. $2.79; Q3 revs $7.04B vs. est. $6.79B; backs FY21 EPS view of no less than $13.25 vs. est. $13.38 and backs FY21 revenue view of no less than $27.5B vs. est. $26.97B; consolidated MCR for Q3 was 88.9%, compared to 85.9% in the third quarter of 2020 Teladoc (TDOC) Q3 EPS loss (-$0.53) vs. est. loss (-$0.65); Q3 revs $521.66M vs. est. $516.6M; Q3 visits topped 3.9M, 37% higher than Q3 2020; sees Q4 EPS loss (73c)-(53c) vs. est. loss (69c); sees Q4 revs $536M-$546M vs. est. $539.74M; sees Q4 total visits 3.9M-4.1M

Friday, October 8, 2021 Futures Up/Down % Last Dow 42.00 0.12% 34,678 S&P 500 2.50 0.06% 4,392 Nasdaq 0.00 0.00% 14,881 After a week of overnight swings and market volatility, U.S. futures come into Friday’s trading looking flat, with the S&P little changed at 4,390 after a strong session on Thursday was met with a late day pullback, as major averages finished well off their best levels. U.S. futures steady as investors anticipate a key employment report that could offer clues on the Fed’s timeline for reducing bond purchases. Nonfarm payroll data at 8:30 AM with an est. for +500K jobs added, private payrolls est. +455K, manufacturing payrolls +25K and the unemployment rate to fall to 5.1% from 5.2%; average hourly earnings expected to rise +0.4% (vs. last month +0.6%). Equities rose and Treasuries sank on Thursday after Senate leaders pulled the U.S. from the brink of default with a deal for a short-term debt ceiling increase in the amount of $480B to a $28.9 trillion debt limit. However, this could be short lived as the agreement only funds Treasury debt until Dec. 3, meaning Senators will again face a deadline for default. In Asian markets, the Shanghai Index opened for trading after a week long pause to celebrate its Golden Week holiday, rising 24 points to 3,592, the Hang Seng Index gained 136 points to 24,837 and the Nikkei advanced 370 points (1.34%) to 28,048. In Europe, the German DAX is down a few points at 15,235, while the FTSE 100 is up a few at 7,085. Oil prices are higher, heading for its seventh weekly gain with WTI crude nearing $80 Market Closing Prices Yesterday The S&P 500 Index gained 36.21 points, or 0.83%, to 4,399.76 The Dow Jones Industrial Average rose 337.95 points, or 0.98%, to 34,754.94 The Nasdaq Composite surged 152.10 points, or 1.05%, to 14,654.02 The Russell 2000 Index advanced 35.14 points, or 1.59% to 2,250.09 Events Calendar for Today 8:30 AM ET Non-Farm Payrolls for September…est. +500K 8:30 AM ET Private Payrolls for September…est. +455K 8:30 AM ET Manufacturing Payrolls for September…est. +25K 8:30 AM ET Unemployment Rate for September…est. 5.1% 8:30 AM ET Average Hourly Earnings for September…est. +0.4% 10:00 AM ET Wholesale Inventories MoM for Aug 1:00 PM EST Baker Hughes Weekly rig count data Macro Up/Down Last Nymex 0.58 78.86 Brent 0.65 82.60 Gold 0.90 1,762.00 EUR/USD 0.0014 1.1563 JPY/USD 0.23 111.82 10-Year Note +0.021 1.593% World News The U.S. Senate on Thursday approved legislation to temporarily raise the federal government’s $28.4 trillion debt limit and avoid the risk of a historic default this month, but it put off until early December a decision on a longer-lasting remedy. German Aug Trade Balance smaller surplus: +€13.0b vs +€15.8b consensus; German August Exports lower down -1.2% vs +0.5% consensus and German Aug Imports higher rising +3.5% vs 1.8% consensus Sector News Breakdown Consumer Home Depot ($HD) and Lowe’s ($LOW) both downgraded to Hold from Buy at Loop Capital Tesla ($TSLA) CEO Elon Musk confirmed that the car maker is moving its headquarters from Fremont, California to Austin, Texas, where the company has been constructing a new factory for a little over a year. CEO Musk also said a global shortage of chips and ships is the only thing standing in the way of the company maintaining sales growth in excess of 50% Oatly Group ($OTLY) upgraded to Overweight from Neutral with a $21 price target Drive Shack ($DS) reports prelim Q3 revs of $75M vs. est. $76.74M Scientific Games ($SGMS) wins 10-year Vermont lottery systems contract; company’s advanced platforms and game services will modernize lottery play and maximize revenues for programs in green mountain state Thor Industries ($THO) increases regular quarterly dividend 5% to 43c per share Energy, Industrials and Materials Dow Transports finished the day down -0.25% just above the 14,500 level, but slipping below its 50-day MA at 14,515 B. Hunt ($JBHT) downgraded to Underweight on relative valuation at JPMorgan Union Pacific ($UNP) upgraded to Overweight from Neutral with a price target of $247, up from $234 at JPMorgan on recent selloff Sundial Growers Inc. ($SNDL) announced it will acquire liquor and pot retailer Alcanna in an all-stock deal with a total consideration of about C$346M Financials Pzena Investment Management Inc. ($PZN) prelim AUM as of Sept 30 of $50.8 bln Chubb ($CB) announced a definitive agreement to acquire the life and non-life insurance companies that house the personal accident, supplemental health and life insurance business of Cigna (CI) in seven Asia-Pacific, or APAC, markets for $5.75B in cash Healthcare Accolade Inc. ($ACCD) Q2 revs $73.3M vs. est. $70.4M; Q2 adj Ebitda loss (-$19.4M) vs. est. loss (-$21.9m); sees FY revs $303M-$307M, from prior view $300M-$305M (est. $303.4M); guides Q3 adj Ebitda loss $21.5M-$24.5M vs. est. loss $20.2M, but Q3 revs above views Quidel ($QDEL) guides Q3 revs $505M-$510M vs. est. $186.3M; says covid-19 revenues for Q3 of 2021 expected to be about $406M, compared with $375.7M YoY Allogene Therapeutics ($ALLO) shares fall over 35% after reporting the FDA put a clinical hold of Allocar T trials based on a single patient case in alpha2 trial; believes data from alpha trials demonstrates a favorable clinical profile of allo-501a Apollo EndoSurgery ($APEN) sees 3Q revs $16-16.4Mm vs est. $14.4Mm; sees 3Q net loss $6.1-7.3Mm vs est. net loss $8.3Mm BeiGene’s ($BGNE) BRUKINSA (zanubrutinib) has been approved in Australia for the treatment of adult patients with Waldenström’s macroglobulinemia who have received at least one prior therapy or in first line treatment for patients unsuitable for chemo-immunotherapy. Mirati Therapeutics ($MRTX) to collaborate with Sanofi ($SNY) on phase 1/2 study evaluating combination of adagrasib with a SHP2 inhibitor in KRAS g12c-mutated lung cancer Nkarta ($NKTX) provided updates on its NKX019 and NKX101 clinical development programs saying patients have been dosed in the international phase 1 trial of NKX019 in advanced B-cell malignancies IsoPlexis (ISO)333M share IPO priced at $15.00 Pyxis Oncology ($PYXS)5M share IPO priced at $16.00 Prelude Therapeutics ($PRLD) shares fall after announces presentation of encouraging data from multiple programs at the AACR-NCI-EORTC virtual international conference on molecular targets and cancer therapeutics Relay Therapeutics ($RLAY) announces interim clinical data for RLY-4008, in a first-in-human trial in patients with FGFR2-altered cholangiocarcinoma and multiple other solid tumors Technology, Media & Telecom VMware ($VMW) authorized new stock buyback program for up to $2B Samsung Electronics Co Ltd ($SSNLF) said Q3 operating profit likely jumped 28% to its highest in three years, helped by rising memory chip prices and brisk sales of its new foldable smartphones; estimated July-September profit at 15.8 trillion won ($13.3 billion) vs. est. of 16.1 trillion won. ChipMOS (IMOS) reports Q3 revenues rose 25.9% on a Y/Y basis to $257.2M (+2.6% Q/Q) vs. a consensus of $262.90M. Taiwan Semiconductor Manufacturing Co.’s ($TSM) September revenue was up 19.7% Y/Y to NT$152.69B or about $5.44B. AU Optronics ($AUOTY) reports September revenue rose 26.5% Y/Y to NT$33.0B (+0.9% M/M); Q3 revenues rose 35.3% Y/Y NT$99.05B Oracle ($ORCL), Telecom Italia, and Noovle, TIM Group’s cloud company, have signed a collaboration agreement to offer multi-cloud services for enterprises and the public sector organizations in Italy. Sirius XM ($SIRI) downgraded to Neutral from Overweight with a price target of $7, down from $8 at JPMorgan

Tuesday, October 5, 2021 Futures Up/Down % Last Dow 130.00 0.38% 34,000 S&P 500 12.00 0.27% 4,303 Nasdaq 43.50 0.30% 14,506 U.S, futures are trying to bounce after another brutal Monday on Wall Street that saw broad based weakness with the Nasdaq Composite hitting its lowest levels since late June, falling for the 6th time in the last 7-trading sessions and as the S&P 500 dropped over 1.2%, now more than 5% off its all-time highs, led by another decline in tech stocks. Bespoke noted that the NY FANG+ index closed below its 200-DMA today for the first time in 378 trading days and is now down more than 9% from its Sept. 7 record close. Many of the same concerns remain Tuesday, with a global energy crunch lifting oil prices to the highest in seven years, inflation momentum accelerating amid supply chain disruptions and soaring input costs, and the specter of a U.S. default as lawmakers continue to haggle over the extension of the country’s $28.4 trillion debt ceiling. The U.S. 10-Year Treasury yield ended a three-day losing streak on Monday as growth stocks plunged and concerns about a potential U.S. government debt default offered another reason for caution. The Dow, &P 500, and Nasdaq Composite ended the day down around 4%-7% from their recent closing highs. In Asian markets, The Nikkei Index fell -622 points to 27,822, the Shanghai Index remained closed for Golden Week holiday, and the Hang Seng Index gained 57 points to settle at 24,104. In Europe, the German DAX is up around60-points to 15,100, while the FTSE 100 gains around 50-points to 7,050. Crypto currencies adding to recent gains as Bitcoin tops the $50,000 level and Ethereum rises over 2% topping $3,450. Gold prices are near overnight lows as December gold futures fall -0.6% at $1,758 an ounce as the dollar edges higher and risk sentiment rising overnight. Events Calendar for Today 7:45 AM ET ICSC Weekly Retail Sales 8:30 AM ET International Trade for Aug…est. (-$70.5B) 8:55 AM ET Johnson/Redbook Weekly Sales 9:45 AM ET Markit Composite PMI-F 9:45 AM ET Markit Services PMI-F 10:00 AM ET ISM Non-Manufacturing Index for Sept…est. 60.0 4:30 PM ET API Weekly Inventory Data Earnings Calendar: Earnings Before the Open: PEP Earnings After the Close: SAR Other Key Events: Cowen 24th Annual Therapeutics Conference, 10/5-10/6, in Boston, MA Deutsche Bank Annual Leveraged Finance Conference (virtual), 10/4-10/6 Market Closing Prices Yesterday The S&P 500 Index tumbled -56.58 points, or 1.30%, to 4,300.46 The Dow Jones Industrial Average fell -323.54 points, or 0.94%, to 34,002.92 The Nasdaq Composite plunged -311.21 points, or 2.14%, to 14,255.48 The Russell 2000 Index declined -24.16 points, or 1.08% to 2,217.47 Macro Up/Down Last Nymex 0.39 77.99 Brent 0.48 81.74 Gold -11.40 1,758.00 EUR/USD -0.0025 1.1597 JPY/USD 0.31 111.18 10-Year Note +0.017 1.496% World News President Joe Biden said on Monday the federal government could breach its $28.4 trillion debt limit in a historic default unless Republicans join Democrats in voting to raise it in the two next weeks. Senate Republicans, led by Minority Leader Mitch McConnell, have twice in recent weeks blocked action to raise the debt ceiling, saying they do want action but will not help by voting for the move The Australia Central Bank (RBA) Rate Decision kept rats unchanged at 0.1%, and QE unchanged at purchase rate of A$4b a week until at least mid Feb ’22, central scenario is conditions for rate rise won’t be met before 2024, RBA says it is committed to maintaining highly supportive monetary conditions European PMI data: Spain Sep Services PMI: 56.9 vs 58.0 consensus; Italy Sep Services PMI: 55.5 vs 56.5 consensus; France Sep Services PMI: 56.2 vs 56.0 consensus; Germany Sep Services PMI: 56.2 vs 56.0 consensus; Eurozone Sep Services PMI: 56.4 vs 56.3 consensus Japan Sept CPI higher as rises +0.3% y/y vs. decline of -0.4% consensus; Japan Sept CPI ex-fresh food lower rises +0.1% y/y vs 0.2% consensus; Japan Sep Services PMI higher at 47.8 vs 42.9 previous Sector News Breakdown Consumer PepsiCo ($PEP) Q3 core EPS $1.79 vs. est. $1.73; Q3 revs $20.19B vs. est. $19.39M; sees FY21 core EPS of at least $6.20 vs. est. $6.24; says now expects to deliver approximately 8% organic revenue growth for FY21 vs. prior view of 6% and at least 11% core constant currency EPS growth vs. prior view of 11% and at least 12% core; completed share buyback, doesn’t expect more buybacks this year Lordstown Motors $RIDE downgraded to Underweight from Equal Weight at Morgan Stanley and cut tgt to $2 from $8 Columbia Sportswear ($COLM) downgraded to Neutral from Buy at Bank America and lower tgt to $108 from $137 Volvo (VLVLY) reports sales declined 30.2% Y/Y to 47,223 units in September; sales in Europe fell 41.5% and down 9% in the United States. Lululemon Athletica ($LULU) approved $500M boost in buyback program Duckhorn Portfolio ($NAPA) 4Q adj EPS $0.08 vs est. $0.01 on sales $70.9Mm vs est. $59.6Mm; guides FY22 adj EPS $0.54-0.57 vs est. $0.50, sees FY22 net sales $353-360Mm vs est. $350.2Mm Everi Holdings ($EVRI) tightens full year 2021 net income and adjusted Ebitda guidance to top of the previously provided range; now expects 2021 full year net income will be $90M-$95M & adj. Ebitda will be $337M-$342M Group 1 Automotive ($GPI) announces acquisition of two dealerships in Texas – the two stores are expected to generate approximately $150M in annualized revenues Scientific Games ($SGMS) said it landed major contracts from the Pennsylvania Lottery, announcing a ten-year base contract from the PA lottery will cover instant games and Scientific Games Enhanced Partnership for lottery instant game services Energy, Industrials and Materials Coal stocks jumped again on Monday as Arch Resources ($ARCH), CONSOL Energy ($CEIX) and BTU Energy ($BTU) topped multi-year high as coal from the central Appalachia region rose $2.20 to $73.25/ton last week, according to U.S. government data, up 35% YTD Renewable Energy ($REGI) extended, increased line of credit to maximum of $250 mln October prelim Class 8 from ACT truck orders was 27,400 units, compares to 36,900 in August and 25,480 in July (shares of CMI, PCAR and ALSN leveraged to monthly Class 8 data) Patterson-UTI Energy ($PTEN) reports an average of 83 drilling rigs operating for the month of September, 2021 Celanese (C$E) will raise prices of all acetate tow product grades sold globally by $ 0.40/kg Financials Horace Mann ($HMN) estimates third-quarter 2021 catastrophe losses in range of $35-$40 million, partially offsetting continued strong business performance Healthcare Johnson & Johnson ($JNJ) announces submission of emergency use authorization amendment to the FDA to support booster of its single-shot covid-19 vaccine; submission includes data showing a booster increased protection to 94% against moderate to severe/critical covid-19 in the U.S.; substantial increase in immune response when booster was given at six months AstraZeneca ($AZN) said it has submitted a request to the us food and drug administration for emergency use approval of azd7442, which is intended as prophylaxis for symptomatic covid-19. Elanco ($ELAN) reaffirms expectation 2025 innovation rev. $600M-$700M Syndax Pharmaceuticals ($SNDX) said Daphne Karydas has notified the company of her intention to resign as Chief Financial Officer (CFO), treasurer, principal financial officer effective October 22, 2021, in order to pursue another opportunity. Pfizer Inc ($PFE)/BioNTech SE ($BNTX) vaccine effectiveness in preventing infection by the coronavirus dropped to 47% from 88% six months after the second dose, according to data published on Monday that U.S. health agencies considered when deciding on the need for booster shots. The data, which was published in the Lancet medical journal, had been previously released in August ahead of peer review. The analysis showed that the vaccine’s effectiveness in preventing hospitalization and death remained high at 90% for at least six months. Xenon Pharmaceuticals ($XENE) files mixed securities shelf Technology, Media & Telecom Facebook ($FB) and its Instagram, Messenger and WhatsApp reconnected late on Monday afternoon after a nearly six-hour outage that prevented the company’s 3.5 billion users from accessing its social media and messaging services. Facebook apologized but did not immediately explain what caused the failure. Comtech Telecommunications Corp ($CMTL) 4Q adj EPS $0.23 vs est. $0.24 on net sales $145.8Mm vs est. $149.7Mm; guides FY22 adj EBITDA $70-76Mm vs est. $80.5Mm, sees FY22 net sales $580-600Mm vs est. $600.2Mm; says on a consolidated basis, 1H22 financial performance expected to be significantly lower than 1H21

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

why is SGMS halted for?

Thursday, September 16, 2021 Futures Up/Down % Last Dow -106.00 0.30% 34,521 S&P 500 -15.25 0.34% 4,449 Nasdaq -45.50 0.29% 15,463 U.S. stock futures are edging lower ahead of an interesting day (potentially) for U.S. stock markets as the FDA will hold an advisory committee today to hash out whether Covid-19 boosters should be quickly approved in the U.S., which specifically will review an application from Pfizer ($PFE) and BioNTech ($BNTX) for a third dose of their mRNA vaccine. Volatility and volume could also pick up today with quadruple witching (date on which derivatives of stock index futures, stock index options, stock options, and single stock futures expire simultaneously – happens third Friday of March, June, September, and December) and options expiration. In Asian markets, The Nikkei Index rose 176 points to 30,500, the Shanghai Index edged higher 6 points to 3,613, and the Hang Seng Index jumped 252 points to 24,920. In Europe, the German DAX is down about -45 points to 15,600, while the FTSE 100 is down about -15 points to 7,010. China Evergrande, the deeply indebted property developer that many analysts fear could trigger a mini financial crisis in China, is not “too big to fail”, according to a state-backed newspaper. Major stock averages end mixed on Thursday after a choppy trading session as investors weigh the latest economic data and continued overnight losses in China due to fears about economic slowdown and the company’s regulatory crackdown companies. Economic data was favorable as initial jobless claims rose to 332K in-line with forecasts while retail sales unexpectedly rose +0.7% in August vs. an expected decline of (-0.8%). The three major indexes spent much of the day in negative territory as rising U.S. Treasury yields pressured market-leading tech stocks, and the rising dollar weighed on exporters. Market Closing Prices Yesterday The S&P 500 Index dropped -6.95 points, or 0.16%, to 4,473.75 The Dow Jones Industrial Average fell -63.07 points, or 0.18%, to 34,751.32 The Nasdaq Composite edged higher 20.39 points, or 0.13%, to 15,181.92 The Russell 2000 Index declined -1.54 points, or 0.07% to 2,232.91 Events Calendar for Today 10:00 AM ET University of Michigan Sentiment, Sept-P 1:00 PM EST Baker Hughes Weekly rig count data Other Key Events: Citigroup Small/Mid-Cap & Growth Conference 2021 (virtual), 9/16-9/17 European Society for Medical Oncology (ESMO) 2021 Virtual Congress, 9/16-9/21 Macro Up/Down Last Nymex -0.56 72.05 Brent -0.46 75.21 Gold 10.50 1,764.30 EUR/USD 0.0017 1.1784 JPY/USD 0.22 109.95 10-Year Note +0.005 1.336% World News UK Aug Retail Sales declined -0.9% m/m vs 0.5% consensus and flat y/y vs 2.7% consensus; UK Aug Retail Sales Ex-Fuel declined -1.2% m/m vs 0.8% consensus, -0.9% y/y vs 2.5% consensus China Evergrande, the deeply indebted property developer that many analysts fear could trigger a mini financial crisis in the world’s second-largest economy, is not “too big to fail”, according to a state-backed newspaper. Evergrande, which is teetering under the weight of more than $310 billion in debts, and faces $150 million in coupon payments later this month, can’t assume the government will step in and rescue it, Global Times reported Sector News Breakdown Consumer International Flavors ($IFF) said it now expects FY 2021 sales to grow greater than 8% on a combined company basis, to about $11.55 bln with double-digit growth anticipated for Q3 and expects adj operating Ebitda margin for FY about 21.5% Usana Health Sciences ($USNA) increases share repurchase authorization to $150M and guides Q3 EPS $1.28-$1.33 vs. est. $1.44 on sales $265M-$270M. below est. $302.9M; said Q3 sales have been softer than anticipated, largely because of increased disruptions and lockdowns due to pandemic; lowers FY21 EPS to $5.80-$6.00 from $6.15-$6.50 and cuts FY21 revenue to $1.18B-$1.20B from $1.24B-$1.28B Zumiez Inc. ($ZUMZ) approved repurchase of up to an aggregate of $150M of its common stock Scientific Games Corp ($SGMS) is seeking to list its predominantly North American and European lotteries unit in Australia in a $5 billion IPO, the country’s biggest in at least seven years, two sources told Reuters

> SGMS 623,910 @ $71.95

Monday, August 9, 2021 Futures Up/Down % Last Dow -110.00 0.32% 34,979 S&P 500 -8.25 0.19% 4,421 Nasdaq 10.50 0.07% 15,106 Stock futures traded mostly lower Monday as investors increased bets the Federal Reserve would pull back on stimulus following a stronger-than-expected U.S. jobs report last week. Stocks closed higher on Friday, adding to its string of weekly advances as the S&P 500 index hits its 44th record high after a strong monthly jobs report fuels a further rotation into riskier assets. The U.S. economy added 943,000 jobs in July as hiring surged and employers raised wages to lure workers. It marked the second straight month of impressive growth. For the week, unofficially, the S&P rose 0.94%, the Dow added 0.78%, and the Nasdaq gained 1.11%. U.S. Treasury yields rose Friday after the jobs report, rising 8.7 bps at 1.3036%, its highest of the day, as equity indexes closed at record highs (back down at 1.28%). The financial sector saw its biggest daily percentage gain since July 20, while materials scored their best day in nearly a month as consumer discretionary stocks lagged. In Asian markets, The Nikkei Index gained 91 points to 27,820, the Shanghai Index rises 36 points (over 1%) to 3,494, the Hang Seng Index jumps 104 points to 26,283. In Europe, the German DAX is down -30 points to 15,730, while the FTSE 100 is down about -25 points, dipping just below 7,100. Bitcoin prices are higher by over 5% to $45,000 while Ethereum prices extend last week gains, also up over 5% topping $3,000. Oil prices looking lower again as WTI Crude slips 3.75% or over $2.50 to $65.70 (lowest levels since June) as worries about the COVID Delta variant’s impact on global growth increase. Goldman Sachs cut its forecast for China Q3 and full-year GDP, but does expect the government to bring the outbreak under control in about a month. Also, China’s crude imports slipped to the lowest since May last month after operations were halted at key ports on the east coast due to a typhoon. The nation imported 41.24 metric tons of crude in July, according to data. Gold prices slide $22 or over 1$ at $1,742.00 an ounce – but well-off overnight lows after plunging just below $1,700 an ounce Market Closing Prices Yesterday The S&P 500 Index gained 7.42 points, or 0.17%, to 4,436.52 The Dow Jones Industrial Average rose 144.26 points, or 0.41%, to 35,208.51 The Nasdaq Composite declined -59.36 points, or 0.40%, to 14,835.76 The Russell 2000 Index advanced 11.75 points, or 0.53% to 2,247.76 Events Calendar for Today 10:00 AM EST JOLTs Job Openings for June Earnings Calendar: Earnings Before the Open: AGEN, AMRX, APD, AVYA, AXSM, BALY, BFLY, BHV, CEVA, CRNC, DISH, DRNA, DS, EBIX, ELAN, ENR, EPZM, HE, III, ITCI, JOUT, KOS, LINC, MPAA, RDNT, SCPL, SGMS, SNDX, TGNA, TSN, TTD, USFD, VTRS, WHF, WKHS Earnings After the Close: ACM, ADMS, AMC, APEI, APPF, APPS, ASUR, AVD, BCEI, BRP, CABO, CARA, CBT, CCXI, CF, CMBM, CMP, CSTL, CXW, DDD, DOOR, ELY, ETH, EVBG, FGEN, FSK, FTK, GBDC, GOOD, HALO, IIIV, IIN, INO, IPAR, LOTZ, MESA, MODN, MYO, NCMI, NHI, OMER, OSH, OUST, PEN, PLNT, PRPL, QLYS, REAL, REI, RETA, RPAY, SAIL, SENS, SNCR, STE, SWAV, TALK, TPTX, VUZI, WES, ZIOP Other Key Events: BTIG Biotechnology Conference 2021 (virtual), 8/9-8/10 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 Needham 10th Annual Industrial Technologies 1:1 Conference (virtual), 8/6-8/9 Macro Up/Down Last Nymex -2.60 65.68 Brent -2.53 68.17 Gold -22.00 1,741.00 EUR/USD -0.0006 1.1756 JPY/USD -0.08 110.17 10-Year Note -0.008 1.28% World News China’s export growth slowed in July, adding to concerns the economy’s recovery will face fresh pressure in the second half of the year. Exports grew 19.3% in dollar terms in July from a year earlier, while imports rose 28.1%, the customs administration said Saturday. That left a trade surplus of $56.58 billion for the month. Sector News Breakdown Consumer Sanderson Farms ($SAFM) is said close to a deal to sell itself to Cargill and Continental Grain for about $4.5B. The deal, which could be announced as soon as tomorrow, is expected to value Sanderson Farms (SAFM) at $203 per share – WSJ https://on.wsj.com/3yAS4dD Philip Morris ($PM) has raised its bid for British drugmaker Vectura ($VEGPF) to 165 pence, or $2.29, per share, according to Reuters, citing the tobacco company. Tesla ($TSLA) upgraded to Buy from Hold at Jefferies and up tgt to $850 from $700 as sees higher global battery electric demand, more battery and assembly capacity coming on stream, a broader and mix-accretive model line-up with more Model Ys and the new S and no legacy issues to contend with Conagra Brands ($CAG) files automatic mixed securities shelf Spectrum Brands Holdings ($SPB) mentioned positively in Barron’s, calling it an undervalued stock that lets investors bet on multiple Covid-era trends at once. It has the defensive characteristics of a consumer- staples brand and its debt problems appear to be easing. Ross Stores ($ROST) and WW Int’l ($WW) will benefit from shoppers buying new wardrobes and getting back in shape for a return to the office according to Barron’s. Starbucks ($SBUX) and Ruth’s Hospitality Group ($RUTH) fell on delta concerns, but both have seen sales momentum as cities reopen ManpowerGroup ($MAN) announces new stock repurchase program for up to 4M shares Haverty’s ($HVT) announces new $25M stock repurchase program Energy Oil prices looking lower as WTI Crude slips 3.75% or over $2.50 to $65.70 (lowest levels since June) as worries about the COVID Delta variant’s impact on global growth increase. Goldman Sachs cut its forecast for China Q3 and full-year GDP, but does expect the government to bring the outbreak under control in about a month. Also, China’s crude imports slipped to the lowest since May last month after operations were halted at key ports on the east coast due to a typhoon. The nation imported 41.24 metric tons of crude in July, according to data. Saudi Aramco made net profit of 95.5 billion riyals ($25.5 billion) in the second quarter, the highest level since the end of 2018. Free cash flow rose to $22.6 billion Financials Berk­shire Hath­away Inc. ($BRKA) said Q2 net earn­ings rose 7%, boosted by im­proved re­sults for its rail­road, util­i­ties and en­ergy com­pa­nies. Op­er­at­ing earn­ings, which ex­clude some in­vest­ment re­sults, rose to $6.7B from $5.5B in the year prior. Prof­its in­creased within the com­pa­ny’s rail-road, util­i­ties and en­ergy di­vi­sions but de­clined at the com­pa­ny’s vast in­sur­ance op­er­a­tions Hudson Pacific Properties ($HPP), a real estate investment trust that leases space in West Los Angeles, could gain on bets its Hollywood producer and plastic surgeon tenants won’t give up their offices according to Barron’s. Boston Properties ($BXP) was also recommended for its exposure to the thriving health care and tech sectors in Boston and the San Francisco Bay Area. DiamondRock ($DRH) files automatic mixed securities shelf Healthcare Exact Sciences ($EXAS) has approached Invitae ($NVTA) about a possible merger, Bloomberg reported late Friday while saying the companies are not in active talks, and if a deal materializes, it could be an all-stock deal with a low premium https://bit.ly/37wMxch Eton Pharmaceuticals’ ($ETON) antiepileptic topiramate oral solution FDA action date has been delayed three months to November 6, 2021, according to an SEC filing after a decision was expected on Friday. Lexicon ($LXRX) files $200M mixed securities shelf Epizyme Inc. ($EPZM) rises after announcing a deal with Hutchmed China to develop Tazverik, a medicine used to treat certain patients with epithelioid sarcoma and others with follicular lymphoma Elanco ($ELAN) Q2 adj EPS $0.28 vs. rest. $0.26; Q2 revs $1.28B vs. est. $1.23B; sees Q3 adj EPS $0.15-$0.19 vs. est. $0.20; sees Q3 revs $1.075B-$1.1B vs. est. $1.09B Industrials & Materials HVAC stocks Carrier Global ($CARR), Lennox International ($LII), Trane Technologies ($TT), and Johnson Controls International ($JCI)-have all reported strong calendar Q2 earnings and are up an average of more than 40% this year, according to Barron’s. Article notes the HVAC business is rapidly becoming one of the most consistent end markets in the industrial universe, and it’s also becoming an important ESG play Air Products ($APD) Q3 adj EPS $2.31 vs. est. $2.36; Q3 revs $2.6B vs. est. $2.49B; sees Q4 adj EPS $2.44-$2.54 vs. est. $2.51; narrows FY21 adj EPS view to $8.95-$9.05 from $8.95-$9.10 (est. $9.07); sees 2021 cap-ex spending of about $2.5B Barrick Gold ($GOLD) Q2 adj EPS $0.29 vs. est. $0.28; Q2 revs $2.89B vs. est. $3.06B Technology, Media & Telecom Dish ($DISH) Q2 EPS $1.06 vs. est. $0.89; Q2 revs $4.49B vs. est. $4.43B; Q2 Net Pay-TV subscribers decreased approximately 67,000, compared to a net decrease of approximately 96,000 in the year-ago quarter; closed the quarter with 10.99M Pay-TV subscribers, including 8.55M DISH TV subscribers and 2.44M SLING TV subscribers Nokia ($NOK) could continue to rally (after rising 56% YTD) according to Barron’s as it recovers from a period of underperformance. It will benefit from telecom operators upgrading their equipment to support 5G and the work- at-home trend. It’s also a meme stock favored by retail investors. Corporate tech spending is forecast to rise again, and two stocks to benefit from the trend are Microsoft ($MSFT) and Cisco Systems ($CSCO), according to Barron’s. LinkedIn, owned by Microsoft, could get a boost from increased worker mobility and job listings. Evercore ISI analyst Amit Daryanani sees a path for Cisco to reach $100 per share TikTok owner ByteDance Ltd. is reviving plans to list in Hong Kong by early next year even as Chinese authorities widen their crackdown on the country’s technology companies, the Financial Times reported

5000 $SGMS May 50 calls bought 1.63

5000 $SGMS May 50 calls bought 1.63

looks like SGMS wont pan out

@dros any flow on $sgms I see it has earnings on tuesday

$sgms moving nicely here

SGMS showing some strength

anyone else in $SGMS?

Im taking $SGMS

Good to buy the call ? > @RedSunCap said: SGMS is actually baller baby

SGMS is actually baller baby

sgms can be awersome

9448 $SGMS April21 50 calls trade 4.09

9448 $SGMS April21 50 calls trade 4.09

9448 $SGMS Apr21 50.0 Calls trade $4.10 ASKSIDE AMEX 10:07:32 IV=76.3% +4.7 CROSS - OPENING Vol=9451, OI=688,

Many here: GE, DIS, RUTH, SGMS, IGT, GM, TJX, M, H, DRI, CAR, BKNG, MGM, LYFT, F, XLE, SLB, PSX, MPC, XOM, VTR, SLG, SPG, C, T, PXD, UNER, MS.......those are up yesterday.....I will select some from this list....I am heavy in airlines and energy already....

$PAHC $PAYC $PDCE $PING $PLUS $PLYA $PODD $PRAH $PRI $PRTA $PSA $PXD $QCOM $QLYS $QRTEA $QRVO $QTWO $QUIK $RC $RDN $RGLD $RGNX $RLJ $RPD $RPT $RTLR $RYAM $SAR $SBOW $SCPL $SGMO $SGMS $SITM $SJI $SJW $SMSI $SMTX $SPPI $SRDX

$sgms broke out

Scam of century $SGMS

ss SGMS 34.5 total scam

$SGMS, $NVCR are good ones to watch for this week aswell

Adding SGMS 29.88 WHAT a hot scam pop

Any news on sgms?

Ss sgms 29.92

covered last SGMS 1/2 + 2, taking KR home

covered 1/2 SGMS + 1

covering SGMS for + 1 and + 2

short SGMS 28.04