Wednesday, June 17, 2020

Wed 17 June 2020 Morning Notes

Have to run to bring the kids to a docs appointment shortly after the open so I probably won't try to get roped into anything off the open.

Market popping here, up 3% from yesterday's open on report of Trump's infrastructure plan.

Earnings: Yesterday AMC: GRPN, HRB, ORCL
Today BMO:

Other News:

Follow Through Names to Watch: IQ, LLY, LEN

GAINERS:
WATT: +70% on deal with Chinese co. on batteries;

LOSERS:
CEMI: -60% at 3.93 on FDA revoking its emergency use Covid authorization;
CXW: -18% at 10.28, co. suspends dividend and evaluates corporate structure;
NCLH: -10% at 18.88 on report it won't resume operations until Oct. CCL and RCL are down about 5% each on sympathy;
DKNG: -4.5% at 38.80 on offering;

FLAT:

Follow through watch:

Day before Y'day AMC: LEN
Yesterday BMO:

Y'day Other News: IQ: +38% at 26.50 on report Tencent to buy large stake; WW: +14% at 29 on biz update; LLY: +10% at 156 on drug update; MAS: +4.5% at 49.15 on biz update; MCD: +1.3% at 192 on biz update;

2 days ago AMC: 
2 days ago BMO: JKS

2 Day Old News: GNUS: +19% at 4.95 after Schwarzenegger takes position in the co; IRBT: +8% at 81;  HTZ: -21% at 2.21, lawyer says completely lawful for co. to sell $1b in stock even though it'll probably be worthless;

TT Track of the Day: Reminder that featuring a song here is by no means an endorsement that I like it, REO Speedwagon - Keep on loving you

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