Each day I go through the top rising and falling stocks today, and look for (a) what the company actually does, and (b) why the stock is moving so much. Hopefully this saves you some digging!
Below are my notes from 9 November 2018 as of mid-morning. (This list is limited to companies with market cap >$100 million, and also excludes VIX, short ETFs, etc, as these just reflect the market, rather than individual companies.)
| Today | Company | Driving the stock |
|---|---|---|
| +26% | Revlon (REV) | Revenue/earnings beat, plans to cut costs (Cosmetics) |
| +18% | Hertz (HTZ) | Revenue beat suggest turnaround is working (Rental cars) |
| +18% | Finisar (FNSR) | Being acquired for $3.2 BN by II-VI (Electronics supplier) |
| +17% | UGAZ 3x Natural Gas (UGAZ) | Forecasts of colder temps sent natural gas prices up |
| +17% | Ubiquiti (UBNT) | Revenue/earnings beat, guidance in-line |
| Today | Company | Driving the stock |
|---|---|---|
| -28% | Yelp (YELP) | Revenue/earnings miss, advertising unexpectedly weak (Online reviews) |
| -24% | Adient (ADNT) | Revenue/earnings beat, but suspends dividend (Auto supplier) |
| -21% | Natera (NTRA) | Revenue/earnings miss (Prenatal testing) |
| -21% | MCBC Holdings (MCFT) | Unclear, strong earnings but mixed reaction (Boats) |
| -2-0% | Funko (FNKO) | Revenue and guidance beat, but earnings missed (Toys) |
Submitted November 09, 2018 at 01:05PM by NaturalHedgehog https://ift.tt/2JXUSt3
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