Delta Airlines [DAL] - Last Close: $33.74
Delta Airlines is getting a boost from an early morning earnings report.
The airline released its Q1 results ear this morning, and the release is getting a warm reception from investors.
Delta swung to a profit of $0.25 per diluted share after posting a $(1.23) per share loss a year earlier. However, earnings fell short of the Street's $0.29 EPS target.
Revenues jumped 36.4% YoY to $12.76 billion in Q1, topping the consensus estimate of $12..25 billion.
The report also included upbeat full-year and Q2 guidance, and Delta offered a bullish outlook on international travel demand.
DAL is up 2.8% after the strong earnings report, and other airline stocks are also trending higher in response to the airline's bullish travel outlook.
My Take: DAL's upbeat earnings report is also rallying shares of United Airlines [UAL], who reports earnings this upcoming Tuesday. There could be a potential earnings trade opportunity there.
Pear Therapeutics [PEAR] - Last Close: $0.116
Pear Therapeutics is experiencing a rebound rally.
The commercial-stage healthcare company is up after setting a new 52-week low in Wednesday's trading session.
After Wednesday's close, a Form 4 filing revealed a major shareholder, 5AM Ventures IV, dumped more than 16 million shares of PEAR on Apr. 10th.
The selling may have contributed to the PEAR's recent struggles, but the stock is reacting favorably to the filing.
Just a few days ago, PEAR announced that it expects to be delisted from the Nasdaq at the opening of business on April 19th.
Shares are up 16.9% in the premarket, and it's one of this premarket's most active stocks.
My Take: PEAR is clearly in trouble, and I can't explain this move higher. This stock is a landmine, so, if you want to try to make a move on this one, get in and out quickly so you don't get caught holding the bag.
National CineMedia [NCMI] - Last Close: $0.4423
National CineMedia appears to be in trouble, but shares are somehow rallying.
Yesterday, the cinema advertising firm disclosed a voluntary filing for Chapter 11 bankruptcy in the Southern District of Texas U.S. bankruptcy court.
CineMedia also announced a series of debt restructuring moves that could strengthen its balance sheet and improve its liquidity position.
Markets seem to be reacting favorably to the news, despite the bankruptcy filing. NCMI is one of the premarket's most active stocks, and it's up 15.3%.
My Take: Investors are betting that NCMI can pull itself out of its bankruptcy hole. The debt restructuring could help it survive, but dabbling in bankrupt stocks is always a risky endeavor.
Auddia [AUUD] - Last Close: $0.5301
Auddia is riding an epic rebound rally in today's premarket.
The audio software firm is rebounding in dramatic fashion after setting a new 52-week low on Tuesday.
Shares of AUUD are down more than 50% since the beginning of March, but the downtrend could be bottoming out.
Auddia began to heat up in after Wednesday's closing bell, and it continued to build momentum in today's premarket.
As of now, AUUD is one of this morning's most active stocks, and it's leading the premarket with a 107.5% gain.
My Take: There's no recent news to explain this move, but this is an extremely small float stock whose price can be manipulated rather easily. It's possible that today's rally is the result of a Reddit-style coordinated buying raid.
