Upside, Downside Moves in the Morning

Avatar photo Doug Kass on October 6, 2026

Upside

– $JAGX +35% (announces a special stock dividend)

– $OPCH +21% (reported takeover talks value the transaction at more than $5B including debt)

– $APOG +20% (Q2 beat sharply and the FY adjusted EPS and sales outlooks were raised above expectations)

– CEG +9.3% (reports of a potential $1B-plus hyperscaler nuclear-power agreement)

– $PENN +6.0%, BYD +2.7% (Deutsche Bank upgrades both to Buy, arguing recent regional-gaming weakness largely reflected calendar effects)

– $FRSH +5.2% (set to join the S&P SmallCap 600 before the October 8 open)

– $CLF +4.8% (Wells Fargo upgrades to Overweight on underappreciated 2027 earnings upside)

– $VST +4.8% (nuclear and data-center power sympathy following reports of another major hyperscaler supply agreement)

– $ZS +2.5% (reaffirms FY27 and Q1 revenue and adjusted EPS guidance)

– $AMD +1.9% (Citi raises its price target to $800)

Downside

– $SAIQ -15%, AMOD -15%, VEEA -13% (give back portions of Monday’s outsized speculative rallies)

– $WDC -2.9%, STX -2.6% (storage leaders retreat after sharp recent gains; no clear fresh company-specific catalyst identified)

– $PCVX -2.0% ($1B financing combines a $500M equity and pre-funded-warrant offering with $500M of convertible notes following the Phase 3 rally)

Upside, Downside Movers in the Morning

Avatar photo Doug Kass on October 5, 2026

Upside

– $ALEC +58% (global AL050 license brings $100M upfront, up to $1.17B in milestones and extends the cash runway into 2029)

– $PCVX +55% (VAX-31 OPUS-1 pivotal Phase 3 trial met all prespecified primary endpoints with a safety profile comparable to existing vaccines)

– $PTC +36% (agrees to a $205-a-share all-cash takeover valuing its equity at about $22.6B)

– $RXO +23% (agrees to a $5.8B cash-and-stock takeover by $CHRW, implying about $30.25 a share)

– $XP +17%, $BBD +12%, $NU +13%, $ITUB +14%, $PBR +9.4%, $EMBJ +5.4% (Brazil-linked ADRs surge after the right-wing candidate outperformed polls and led first-round presidential voting)

– $ADSK +4.4% (industrial-software M&A read-through from the PTC takeover)

– $VST +3.5% (reported $4.2B federal loan package expected to fund upgrades at three nuclear plants)

Downside

– $CHRW -7.6% ($RXO acquisition requires new debt and a buyback pause while the market weighs execution and integration risk)

– $INTC -3.8% (no clear fresh company catalyst identified as chip shares lag softer technology futures)

– $ALGN -3.1% (no clear fresh company-specific catalysts identified; notable liquid premarket declines)