Reply To: Traders Market Weekly: Santa Brought Coal in 2022

#49386
Truman
Participant

Western Digital (WDC 34.10, -1.73, -4.8%): downgraded to Sell from Neutral at Goldman Sachs
AT&T (T 18.66, -0.24, -1.3%): downgraded to Equal Weight from Overweight at Morgan Stanley
Verizon (VZ 37.76, +0.31, +0.8%): upgraded to Overweight at Morgan Stanley
Tesla (TSLA 154.69, -2.11, -1.4%): indicated lower after CEO Elon Musk disclosed the sale of 21,995,000 shares worth more than ~$3.5 bln (transaction dates were 12/12 – 12/14)
Fidelity Nat’l Info (FIS 74.12, +1.71, +2.4%): incoming CEO and Board commence review to strengthen performance and drive value creation
Novavax (NVAX 15.40, -1.83, -10.6%): announces $125 mln convertible notes offering; co also announces a $125 mln public offering for its common stock; reaffirms FY22 revs guidance
American Express (AXP 151.66, -2.45, -1.6%) BofA named a top pick
Nordson (NDSN 240.00, +4.09, +1.7%): beats by $0.11, beats on revs; guides JanQ EPS below consensus, revs in-line; guides FY23 EPS in-line, revs in-line
Lennar (LEN 88.36, -2.46, -2.7%): beats by $0.12, reports revs in-line; expects new orders and deliveries of 12,000-13,500 in FebQ; deliveries of 60,000-65,000 in FY23