Market Movers, July.24th

IRBT crashes after reporting decreased income, but increased revenue. Also downgraded revenue projections. Currently down 16% as of 7:24am on 9,816 shares traded. Link

7:54am, Dow futures down 94 points

Boeing reports $5.21 loss per share, plans to update guidance, down .82% on 120,090 shares traded as of 8:10am, Link

SNAP reports 48% increase to revenue. It spiked about 11% in the afterhours yesterday. They are still hemorrhaging money though, losing $255 million in the quarter alone. Retention rate increased by 10% for new users. Read more

8:28am, UBS down 4.3% on 28,560 shares traded. They release their quarterly yesterday, reporting their best highest second quarter profit since 2010, but also said “A sharp drop in interest rates and expected rate cuts will continue to adversely affect net interest income compared with last year,”. Read more

Caterpillar cuts guidance, misses on earnings, down 4.6% on 236,843 shares traded as of 8:52am. Read more

 Jounce Therapeutics, Inc to license JTX-8064 to Celgene for a one time payment of $50 million. JNCE is currently up 32% on 181,849 shares traded at 9:04am. Read more

9:11am, Dow futures down 94 points

Teradyne beats on revenue, earnings per share grew 6%. The stock is currently up 11.2% on 155,512 shares traded as of 9:16am.

OBLN announces a 1-10 reverse split at 8:54am this morning. This will result in the company having about 2.3 million shares outstanding. Looks like it could be a nice trade soon

“DelMar Pharmaceuticals Enrolls First Patient in the Recently-Approved Adjuvant Setting Arm of Phase 2 Study of VAL-083 for the Treatment of MGMT-Unmethylated Glioblastoma Multiforme”. Read more

They filed an S-1 on July.11th at 4:17pm for selling shareholder, which was approved by the SEC on the 16th.

20% dilution

We did a more in depth report a few months ago. Sprint Corp

“DOJ expected to announce approval of T-Mobile-Sprint deal on Thursday: Sources”, CNBC reports. Currently up 7% on 12,810,093 shares traded as of 10:11am

“US new home sales rise; prior three months revised down”, CNBC reports

CHIPOTLE ANNOUNCES SECOND QUARTER 2019 RESULTS
COMP SALES ACCELERATE TO 10%, DIGITAL SALES INCREASE 99%
-Revenue increased 13.2% to $1.4 billion
-Revenue increased 13.2% to $1.4 billion
The stock is currently up 6.4% at 10:18am on 500,389 shares traded. Read more

“Nasdaq hits all-time high as Texas Instruments pushes semiconductors higher”, CNBC reports

WKHS up 9.5% on 1,949,105 shares traded on no news. The move is almost certainly in response to UPS announcing positive earnings results today, which is ridiculous considering their contract is such a small proportion of their total sales

Facebook beats on earnings

Tesla posts loss of $1.12 per share, vs. expected loss of 40 cents, CNBC reports

MarketAxess misses on earnings by only 5 cents, but falls 9% today. This market reaction could be indicative of something else going on because their quarterly looks amazing, Globenewswire reports

Stay tuned for updates!

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