Check out businesses day and night for the biggest move: Bruker – Lab equipment and tool makers fell 12% after issuing weaker than expected guidance in the second quarter. The company expects to make between 32 cents and 34 cents per share with revenues ranging from $795 million to $798 million. Analysts voted by FactSet were expecting a profit of 42 cents per share against $813.3 million in revenue. Block – FinTech stocks have skyrocketed 8% as they prepare to officially participate in the S&P 500 before trading begins on July 23rd. Block replaces Hess, who was acquired by Chevron. Arrowhead Pharmaceuticals – Biotechnology companies fell by nearly 12%, a sharp decline from the previous session. Following on from Sarepta Therapeutics’ shares, the stock has slid 11.1%. Sarepta Therapeutics – Biotechnology stocks fell 7% after the US Food and Drug Administration announced that it had elicited support for Elevidie, a gene therapy developed by Sarepta, which was used to treat Duchenne muscular dystrophy, following the end of Friday’s end. Shops such as Leerink Partners, Mizuho and Needham quickly downgraded their stocks. ALKERMES – The biopharma company lost 9% after releasing the results of a phase 2 trial of an Alixorexton drug aimed at treating patients with narcolepsy type 1. PINTEREST – The social media company’s shares jumped over 2% after Morgan Stanley analyst Brian Novac upgraded his shares to overweight. Nowak highlighted the fascinating ratings on Pinterest, highlighting “GPUs allow investments and improved budding engagement and monetization” as the main reason for his new rating. SOLAREDGE – The solar technology maker’s stock rose 8% after Susquehanna analysts raised the company’s price target to $26. However, solar stocks are facing major headwinds as President Donald Trump moves to end federal support for the sector. Dollar Tree – Stock added 2.2% on Barclays’ equal weight to overweight upgrade. Analyst Seth Sigman said he hopes there will be a “clean growth story” ahead. Cleveland-Cliffs – Steelmakers won 13% after saying they expected to spend less money on capital expenditures and management expenses over the course of a year. It overshadowed greater losses than expected in the second quarter. Verizon – Telecommunications stocks rose 5% after recording revenue of $1.22 per share with $34.5 billion. According to LSEG, analysts had expected a profit of $1.18 billion against $33.74 billion in revenue. Investco – After TD Cowen upgraded the investment management company from hold to purchase rating, the stock added 1%. Analyst Bill Katz called Invesco’s Friday announcement, calling for funds traded on QQQ Exchange to move from unit mutual funds to an open-ended fund structure. – Contributed to CNBC’s Spencer Kimball.
Noon stock making the biggest move: XYZ, SEDG, CLF, VZ
