Notes

QUICK MARKET SUMMARY: CONSUMER: 🔸 GameStop ( $GME): Q4 EPS $0.30 vs est. $0.08; sales $1.28B (miss); adding Bitcoin to treasury. 🔸 Tesla ( $TSLA): Hosting launch event in Saudi Arabia on April 10. 🔸 Advance Auto Parts ( $AAP): Finished store closures; plans 30 new US stores in 2025, 100+ by 2027. 🔸 https://t.co/mNJtOGZiLg ( $PRTS): Q4 loss -$0.71 vs -$0.15 y/y; sales -15% to $133.5M; no 2025 guidance, exploring strategic options. 🔸 Dollar Tree ( $DLTR): Selling Family Dollar for $1.007B; Q4 adj. EPS $2.11 (miss), sales -42% to $4.99B; guides Q1 sales $4.5–$4.6B. ENERGY/INDUSTRIALS/MATERIALS: 🔸 Compass Minerals ( $CMP): Cutting 10% of workforce, ending fire retardant biz; expects $11M–$13M cost savings. 🔸 Glencore (GLNCY): Declared force majeure on Chilean copper shipments. 🔸 JinkoSolar ( $JKS): Q4 loss -$0.32; sales -3.9% to $2.83B; Q1 module shipments guided at 16–18 GW. 🔸 Phillips 66 ( $PSX): Adding two board directors amid proxy fight with Elliott. 🔸 Range Resources ( $RRC): Upgraded to Equal Weight at Morgan Stanley. 🔸 Westlake Chemical ( $WLK): Downgraded to Neutral at Piper; target cut to $120. 🔸 Worthington ( $WOR): Q3 EPS $0.79 (beat); revs -4% to $304.5M; EBITDA up 10%. 🔸 US copper import tariffs may come in weeks (Bloomberg). FINANCIALS: 🔸 Invesco Mortgage ( $IVR): Cuts dividend to $0.34 from $0.40. 🔸 PaySign ( $PAYS): Q4 EPS $0.02; guides FY revenue $68.5M–$70M. HEALTHCARE: 🔸 Corvus Pharma ( $CRVS): Q4 loss -$0.18; cash runway into Q1 2026. 🔸 Guardant Health ( $GH): VA now covers Shield blood test for colorectal cancer screening. 🔸 Verastem ( $VSTM): Will present data at AACR 2025 in Chicago. TECH/MEDIA/TELECOM: 🔸 Apple ( $AAPL): iPhone 16 available in Indonesia April 11. 🔸 GCT Semiconductor ( $GCTS): Q4 net loss $5M on $1.8M sales. 🔸 Qualcomm ( $QCOM): Filed antitrust complaints against Arm in US, EU, Korea.
$GME
-4.88%
$TSLA
-16.31%
$AAP $PRTS $DLTR $CMP $JKS $PSX $RRC $WLK $WOR
+13.29%
$IVR $PAYS $CRVS $GH $VSTM $AAPL $GCTS $QCOM
#Upgrades - Oct 02, 2024 $PARR: JPMorgan Upgrades to Overweight from Neutral - PT $30 (from $36) $CVBF: KBW Upgrades to Outperform from Market Perform - PT $22 (from $20) $TMP: KBW Upgrades to Outperform from Market Perform - PT $68 (from $59) $BOH: KBW Upgrades to Market Perform from Underperform - PT $67 (from $60) $HAFC: KBW Upgrades to Outperform from Market Perform - PT $22 (from $20) $TOWN: KBW Upgrades to Outperform from Market Perform - PT $40 (from $35) $RIO: Berenberg Upgrades to Buy from Hold - PT $79 (from $71) $MTB: Evercore Upgrades to Outperform from In Line - PT $210 (from $187) $HD: Gordon Haskett Upgrades to Buy from Accumulate - PT $450 $BAH: JPMorgan Upgrades to Overweight from Neutral - PT $170 (from $150) $SAIC: JPMorgan Upgrades to Overweight from Neutral - PT $170 (from $150) $FANG: Barclays Upgrades to Overweight from Equalweight - PT $210 $RRC: Barclays Upgrades to Equalweight from Underweight - PT $34 $DQ: HSBC Upgrades to Buy from Hold - PT $29.30 $SPHR: Wolfe Research Upgrades to Outperform from Peerperform - PT $60 $ULTA: UBS Upgrades to Buy from - PT $505 $CRM: Northland Upgrades to Outperform from Market Perform - PT $400
$PARR $CVBF $TMP $BOH $HAFC $TOWN $RIO
+11.01%
$MTB $HD $BAH $SAIC $FANG $RRC $DQ $SPHR $ULTA $CRM
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