investing

Upside, Downside Movers in the Morning

Doug Kass·Jan 29, 2025, 9:00 AM EST

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Upside:

-NXT +22% (earnings, guidance)

-FFIV +13% (earnings, guidance)

-EAT +12% (earnings, guidance)

-AZUL +8.4% (finalizes restructuring with Bondholders, Lessors and OEMs; issues $525M in Superpriority Notes due 2030 and Settlement of Exchange Offers)

-SHCO +8.4% (Third Point Capital discloses 9.9% stake)

-FNA +8.3% (to be acquired by Zimmer Biomet at $13.00/shr in cash for $1.1B)

-EXTR +7.7% (earnings, guidance)

-FLEX +7.1% (earnings, guidance)

-PL +7.0% (signs deal with European Space Agency)

-TMUS +6.5% (earnings, guidance)

-VIRT +6.1% (earnings, guidance)

-GLW +5.9% (earnings, guidance)

-ASML +5.8% (earnings, guidance)

-SMG +5.6% (earnings, guidance)

-SF +4.3% (earnings, guidance)

-VFC +3.8% (earnings, guidance)

-LRN +3.6% (earnings, guidance)

-BABA +3.3% (claims AI model outperforms DeepSeek)

-LOGI +3.3% (earnings, guidance)

-SBUX +3.1% (earnings, guidance)

-HSIC +2.0% (earnings, guidance; reportedly KKR has amassed a large stake)

Downside:

-ZNTL -34% (plans ~40% workforce reduction to support Late-Stage Azenosertib Development providing extended cash runway into late 2027 with data readout from potentially registration-enabling DENALI Part 2 study anticipated by end of 2026)

-MANH -24% (earnings, guidance)

-LC -20% (earnings, guidance)

-VSCO -6.2% (Scott Sekella appointed new CFO, effective June 2025; adjusts guidance)

-DHR -6.1% (earnings, guidance)

-AVT -5.6% (earnings, guidance)

-QRVO -4.7% (earnings, guidance)

-LII -3.8% (earnings, guidance)

-MNRO -3.7% (earnings, guidance)

-TEVA -3.2% (earnings, guidance)

-OTIS -3.0% (earnings, guidance)

-AXL -2.1% (confirms agreement for the entire issued and to be issued ordinary share capital of Dowlais [DWL.UK] at ~85.2p/shr and EV of £1.16B; affirms guidance)

-NDAQ -2.1% (earnings, guidance)