Booking Holdings [BKNG] - Last Close: $2,839.91 Strong earnings are boosting shares of Booking in today's premarket. The travel firm released its Q2 earnings report after Thursday's close, and the results surpassed analysts' expectations. Bookings generated EPS of $37.62 per share on revenues of $5.46 billion. Analyst targets called for EPS of $28.80 on sales of $5.17 billion. RBC and Barclays lifted their price targets on BKNG in response to the report, and CFRA upgraded the stock from "hold" to "buy". BKNG is today's top S&P 500 stock with an 11.2% gain. My Take: The travel boom has been working out well for BKNG, and shares have been steadily trending higher for the past 6 months. Despite its high share price, it boasts a relatively reasonable valuation. Atlassian [TEAM] - Last Close: $169.65 Atlassian is also riding high following an earnings release. The software firm released its fiscal Q4 results after Thursday's closing bell, and shares are heating up in the wake of the release. Atlassian reported fiscal Q4 EPS of $0.57, more than double the year-earlier quarter's $0.27 EPS, and beat Wall Street's $0.45 consensus. Revenues jumped 23% YoY to $939.1 million and trounced the consensus estimate of $916.1 million. TEAM is one of today's top premarket movers with a 19.8% gain. My Take: TEAM has been running into some resistance at around $185, but today's rally has already put it past that mark. It could enter a new trading range if it can hold onto its gains. Tupperware Brands [TUP] - Last Close: $3.52 Tupperware investors are breathing a sign of relief after a restructuring deal. The legacy food storage company is on the come-back trail after finalizing an agreement with its lenders to restructure existing debt obligations. The deal slashes $150 million of cash and interest fees and gives the company immediate access to a $21 million revolving credit line. It also extends the stated maturity of about $348 million in principle and interest costs through FY27, and reduces amortization payments by around $55 million. TUP is breaking out to a 58.5% gain on the news. My Take: TUP has been trading like a meme stock for the past couple of weeks, but this deal indicates the company isn't ready to roll over and die just yet. I'm not exactly bullish, but the rally at least has some substance this time around. Missfresh [MF] - Last Close: $0.5149 Missfresh is taking off after a recent announcement. The China-based retailer announced two share purchase agreements with institutional investors that will inject US$27.0 million into the company. The investors agreed to subscribe to 5.4 million Class B shares in exchange for the investment, which has already been approved by Missfresh's board. The new investors will own about 88.1% of the company upon closing. In turn, Missfresh has agreed to purchase all shares of Mejor Infinite Ltd. at a price of US$12 million cash. MF is leading the premarket with an 80.5% gain. My Take: I would stay away from this one. MF could experience significant volatility in the coming days. I would be surprised if it didn't close today's session well off its current highs. GainersPolishedCom [POL] >> +50.2%Advanced Human Imagine [AHI] >> +22.4%Tempo Automation [TMPO] >> +26.4%Tivic Health [TIVC] >> +17.6%DeclinersMesoblast [MESO] >> (66.9%) Assertio Therapeutics [ASRT] >> (45.9%)EZGO Technologies [EZGO] >> (21.9%)Contextlogic [WISH] >> (22.4%) Dominion Energy, Inc. [D] ... AM Lyondellbasell Industries Nv [LYB] ... AM Liberty Media Corporation - Series A Liberty Formula One [FWONA] ... AM Cboe Global Markets, Inc. [CBOE] ... AM Evergy, Inc. [EVRG] ... AM Liberty Broadband Corporation [LBRDA] ... AM Corebridge Financial Inc. [CRBG] ... AM Icahn Enterprises L.P. - Depositary [IEP] ... AM Plains All American Pipeline, L.P. [PAA] ... AM Xpo, Inc [XPO] ... AM Jobs report [Jul] ... 8:30 am |