#NET REFLECTOR TRIAL RESET UPDATE#

Meta Platforms rises 1.4% as Cowen upgrades its rating to outperform from market perform, citing factors including Threads monetization optionality.LL Flooring tumbles 4.9% as Loop Capital downgrades to sell from hold, writing that the company faces a tough macroeconomic environment, with declining home sales and interest rates likely to rise.double-upgraded the company’s recommendation to buy from sell saying that strong interim results from a mid-stage trial “look to breathe new, longer life to the franchise.” Intercept Pharmaceuticals gains 9.6% after HC Wainwright & Co.

#NET REFLECTOR TRIAL RESET UPDATE#

Analysts saw the update as disappointing, with Stephens noting that it raised a “variety of questions.”

Cryoport shares plummet 29% after the cryogenic storage firm reported preliminary second-quarter revenue that missed estimates.

Coinbase fell as much as 2.1% as Barclays cut its recommendation on the biggest US crypto exchange to underweight from equal-weight, saying the regulatory overhang on the stock is likely to last for some time.

Carvana falls 5.8% as JPMorgan cut its recommendation on the used-car retailer to underweight from neutral, saying shares have again disconnected from fundamentals.

BioCryst Pharmaceuticals rises 7% after BofA Global Research raised the recommendation to buy from neutral.

Axonics gains 0.9% after shares were initiated with an overweight rating at KeyBanc Capital Markets, which sees opportunity for improved investor sentiment as the medtech company addresses some near-term pressures.

Delta Air Lines is up 4.4% after increasing its adjusted earnings per share outlook for the year and reporting stronger- than-expected second-quarter results.

are among the most active industrials stocks in early premarket trading, gaining 8.6% and falling 5.9% respectively

Trade Desk shares rise 3.8% in premarket trading, after Nasdaq said the stock would replace Activision Blizzard in the Nasdaq 100.

plunges 22% as the company said an unexpected event occurred during reflector deployment that may materially impact the performance of the ViaSat-3 Americas satellite. drops 4.5% after the US online lender was cut to underweight from equal-weight at Morgan Stanley. Here are some other notable premarket movers: US-listed Chinese stocks also rose as Beijing urged Washington to immediately end unilateral sanctions on Chinese companies to help bilateral economic and trade cooperation. Walt Disney shares rose 1.3% in premarket trading after the entertainment company extended the contract of Chief Executive Officer Bob Iger for another two years. In premarket trading, airline stocks rose after Delta Air Lines increased its adjusted earnings per share outlook for the year and reported stronger-than-expected second-quarter results Delta shares jumped as much as 4.2% premarket. Keep an eye on PPI in the future as China’s negative PPI and the lack of money supply growth may put accelerating downward pressure on input costs. Today’s macro data focus is on PPI, which will boost confidence that yesterday’s CPI print was not a fluke. The plunge in the dollar means that commodities are bid with strength across all 3 segments keep an eye on Ags as India may move to restrict rice exports and the Black Sea Grain Initiative expires next week. Bond yields and the USD continue their move lower, with steepening in the belly of the curve. As of 7:45am ET, S&P futures were 0.3% higher to 4,522 while Nasdaq futures rose 0.6%. Tech is again outperforming led by the ' magnificent 7' megacaps following the unexpectedly soft CPI print which sparked expectations that after the July hike the Fed is done, and has accelerated the dollar tumble. For the second day in a row, US equity futures are higher as part of a global risk-on move one which has sent spoos to fresh 52 weeks highs, and fast approaching the Jan 2022 all time high.

Net reflector trial reset