๐ŸŽTop Movers | ALGN, OSTK Added 13% on Beats; TXT, RCL Raise Outlook

1. $Align Technology(ALGN)$ +13.38%: got upgraded followed better-than-expected revenues

Align Technology, an orthodontics company, surged 14% after posting adjusted earnings of $2.22 per share for the second quarter, beating estimates of $2.02 per share, according to Bloomberg.

Adjusted EPS: $2.22 vs. $2.02

Revenue: $1 bln vs. $990.36 mln

Revenue for the quarter also topped estimates, and revenue guidance for the year was above analyst expectations. Q2'23 total revenues of $1.0 billion, increased 6.34 sequentially, beating estimates of $990.36 mln.

Q2'23 Clear Aligner cases for teenagers increased 7% sequentially and 10% yoy, driven by momentum in both Submitters and Utilization and continued growthm Invisalign First.

Analysts raise their price targets for the medical-devices company after it reported sales that topped estimates and reinstated its full-year guidance.

Evercore ISI, Elizabeth Anderson (outperform, PT to $400 from $370)

Baird, Jeff D. Johnson (outperform, PT to $405 from $385).

Piper Sandler, Jason Bednar (overweight, PT to $415 from $370)

 

2. $Textron(TXT)$ +11.87%: adjusted EPS outlook except for double beats

Textron jumped as much as 12% to an 18-month high on Thursday after the industrial company beat the average earnings estimate among Wall Street analysts.

Adjusted EPS: $1.46 vs. $1.20

Revenue: $3.42 bln vs. $3.40 bln

EPS outlook: $5.20-$5.30 vs. $5.00-$5.20

Adjusted EPS of $1.46 beat the consensus estimate of $1.20.

Revenue rose 8.6% from a year earlier to $3.42 billion, matching the consensus estimate.

Management raised its full-year adjusted EPS outlook to $5.20 to $5.30 from the previous range of $5.00 to $5.20 provided in January.

The company's Bell helicopter unit saw a 2% increase in revenue to $701 million, attributed to higher pricing of $21 million and partly offset by lower military volume of $7 million.

 

 

3. $Overstock.com(OSTK)$ +12.64%: revenue beat justifies companyโ€™s acquisition of $Bed Bath & Beyond(BBBYQ)$

Shares of internet retailer Overstock are popping sharply on Thursday following the disclosure of its second-quarter earnings report. Encouragingly, Overstock beat Wall Street expectations for profitability and revenue, thus justifying the companyโ€™s acquisition of the intellectual property (IP) of Bed Bath & Beyond.

The company posted total net revenue of $422 million for Q2. On the bottom line, net loss came out to $73 million while diluted net loss per share was $1.63. Additionally, adjusted diluted net loss per share (non-GAAP basis) landed at 2 cents.

Revenue: $422 mln vs. $408.22 mln

 

4. $Quantumscape Corp.(QS)$ +14.30%: hits August high

 QuantumScape jumps as much as 42% to its highest level since August 2022, after the auto parts manufacturer reported adjusted Ebitda and operating losses for the second quarter that came in better than Wall Street feared.

Adjusted Ebitda loss $63.5 million, estimate loss $64.2 million

Loss per share 26 cents vs. loss/share 22 cents y/y, estimate loss/share 20 cents (Bloomberg Consensus)

Adjusted EPS: -$26 cents vs. -20 cents

QuantumScape also reported positive updates and developments about QuantumScape's advancements in its battery technology and commercialization efforts.

 

5. $Royal Caribbean Cruises(RCL)$+8.72%: beat EPS, revenue and outlook

Royal Caribbean Cruises Ltd. rose 8.6% after raising its full-year profit forecast. The company now anticipates adjusted earnings per share (EPS) for the year to be in the range of $6.00 to $6.20. This new forecast is substantially higher than the company's previous projection of $4.40 to $4.80 per share.

 

Adjusted EPS: $1.82 vs. $1.57

Revenue: $3.52 bln vs. $3.40 bln

The raised profit forecast has exceeded the expectations of analysts, who had estimated an average EPS of $4.73 for the year. This positive surprise has generated increased investor confidence, leading to a surge in Royal Caribbean's stock price.

The improved outlook for Royal Caribbean is likely due to the perception that there is increased demand for cruises, signaling potential recovery for the cruise industry.


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  • WanEH
    ยท2023-07-30
    TOP
    I will choose $Align Technology(ALGN)$ . the profit is keep increasing and boost the share price in future
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  • MasterStonker
    ยท2023-07-29
    TOP
    I actually want to ride a Royal Caribbean Cruise so I am bullish on  $Royal Caribbean Cruises(RCL)$ ๐Ÿคฃ๐Ÿคฃ๐Ÿคฃ
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    • fizzzi:ย 
      Ride such Cruise is also one of my wishes. let it roll
      2023-07-30
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  • TTrade
    ยท2023-07-29
    TOP
    $Royal Caribbean Cruises(RCL)$ tourism is still in demand. ideal for family with young kids. Loads of fun and entertainment.
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    • fizzzi:ย 
      it must be very pleasurable thing which make a sea visit together with families.
      2023-07-30
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  • Shyon
    ยท2023-07-28
    TOP
    I am bullish for RCL! Mainly due to the explosion in tourism theme after the pandemic. People has been trapped in house or country for too long. Time to have some surge in travel demand for incoming few years. Therefore, I believe the business in this sector will be on uptrend. How do you think? @GoodLife99 @Aqa @SR050321 @icycrystal @Universeๅฎ‡ๅฎ™ @koolgal @rL
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    • koolgalReplying toShyon:ย 
      Me too. ๐Ÿ˜๐Ÿ˜๐Ÿ˜
      2023-07-29
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    • ShyonReplying tokoolgal:ย 
      Too bad I didn't own any position!
      2023-07-29
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    • koolgal:ย 
      You are absolutely right ๐Ÿ˜๐Ÿ˜๐Ÿ˜
      2023-07-29
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  • Aqa
    ยท2023-07-28
    TOP
    $Quantumscape Corp.(QS)$ moves the most now. Its share price had jumped as much ad 42% to its highest level since August last year, 2022. Looks likely on its way to more up & up! [Wow][Wow][Wow][Wow][Strong][Strong][Strong] Thanks @Shyon @GoodLife99 @Universeๅฎ‡ๅฎ™ @icycrystal @rL @StickyRice @koolgal @SR050321
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    • SR050321:ย 
      Strong ๐Ÿ’ช
      2023-07-29
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    • koolgal:ย 
      Thanks for sharing ๐Ÿ˜๐Ÿ˜๐Ÿ˜
      2023-07-29
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    • Universeๅฎ‡ๅฎ™:ย 
      [ShakeHands]
      2023-07-28
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  • LMSunshine
    ยท2023-07-28
    TOP
    Bullish for QuantumScape Corp because even Bill Gates invest in itโฃ๏ธ Thanks loads @Tiger_Earnings for the wonderful earnings updatesโฃ๏ธ
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    • glowzi:ย 
      the first thing is to identify Gates' position about this stock, whether short or long, that is very important.
      2023-07-30
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  • Aqa
    ยท2023-07-28
    TOP
    [Call][Call][Call] Good news! $Align Technology(ALGN)$ share price has surged 14% after posting goid adjusted earnings of USD 2.22 per share for Q2 2023, beating estimates. Its tarhget proce has been upgraded to USD $415 now. [Strong][Strong][Strong]
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  • MeowKitty
    ยท2023-07-28
    TOP
    Bullish for $Royal Caribbean Cruises(RCL)$ because booking surpass pre-pandemic levels
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    • riffy:ย 
      of course, such volume could prove that RCL's potential
      2023-07-30
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    • koolgal:ย 
      Yes I agree with you.  Let's set sail with RCL๐Ÿ˜๐Ÿ˜๐Ÿ˜๐Ÿ–๏ธ๐Ÿ–๏ธ๐Ÿ–๏ธ
      2023-07-29
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  • MHh
    ยท2023-07-29
    TOP
    Royal caribbean should do well as more people are travelling and recession risks seem to low
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    • SPOT_ONReplying toMHh:ย 
      [Like]
      2023-07-31
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    • SR050321Replying toMHh:ย 
      Great ๐Ÿ‘๐Ÿ˜Š
      2023-07-29
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    • Success88Replying toMHh:ย 
      Thanks for sharing
      2023-07-29
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  • StickyRice
    ยท2023-07-29
    TOP
    Royal Caribbean Cruises Ltd. smashed Q2 2023 financial targets. The cruise line guided up to a $6+ EPS for the year on the way to reaching the 2025 goal for a $10 target. The stock is no longer a massive bargain, but Royal Caribbean only trades at 11.5x '25 consensus estimates. In the short term, there is still upside to the pre-pandemic highs as business recovers. Cruising industry is expected to see strong growth throughout 2023.
    $Royal Caribbean Cruises(RCL)$
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    • twiddly:ย 
      if Royal's next trend could not goes up, at last keeping initial point
      2023-07-30
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  • Thonyaunn
    ยท2023-07-28
    TOP
    Bullish for $Royal Caribbean Cruises(RCL)$ because demand for Royal Caribbean Cruises is accelerating
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    • koolgalReplying toThonyaunn:ย 
      ๐Ÿ˜๐Ÿ˜๐Ÿ˜
      2023-07-29
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    • ThonyaunnReplying tokoolgal:ย 
      Thank you ๐Ÿ’•๐Ÿ’•๐Ÿ’•
      2023-07-29
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    • koolgal:ย 
      Yes I agree with you ๐Ÿ˜๐Ÿ˜๐Ÿ˜
      2023-07-29
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  • icycrystal
    ยท2023-07-28
    TOP
    $Royal Caribbean Cruises(RCL)$ bullish on this stock. seems to be going up up up. travelling is back and tourism industry is booming [smile] [smile] [smile]
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    • koolgal:ย 
      I agree with you ๐Ÿ˜๐Ÿ˜๐Ÿ˜
      2023-07-29
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  • xXxZealandxXx
    ยท2023-07-28
    TOP
    Early Days... however Im holding OSTK long and just topped up before the jump [smile]. thanks for tag @LMSunshine ๐ŸŒน๐Ÿฏ
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    • koolgal:ย 
      Have a wonderful weekend ๐Ÿ–๏ธ๐Ÿ–๏ธ๐Ÿ–๏ธ๐ŸŒˆ๐ŸŒˆ๐ŸŒˆ
      2023-07-29
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    • koolgal:ย 
      Congratulations my friend ๐Ÿ˜๐Ÿ˜๐Ÿ˜๐ŸŽ‰๐ŸŽŠ๐ŸŽ‰
      2023-07-29
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  • CL_Wong
    ยท2023-07-28
    TOP
    Bullish for $Royal Caribbean Cruises(RCL)$ because booking continue to surpass 2019 levels
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    • koolgalReplying toCL_Wong:ย 
      Thanks ๐Ÿ˜๐Ÿ˜๐Ÿ˜
      2023-07-29
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    • koolgalReplying toCL_Wong:ย 
      ๐Ÿ˜๐Ÿ˜๐Ÿ˜
      2023-07-29
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    • CL_WongReplying tokoolgal:ย 
      Thank you ๐Ÿ’•๐Ÿ’•๐Ÿ’•๐ŸŒท๐ŸŒท๐ŸŒท
      2023-07-29
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  • GoodLife99
    ยท2023-07-30
    TOP
    not familiar with all these stocks, but seems like recently lots of good earnings! Hope this trend can continue! Hurray!!!

    Tigers, do u hold any of these stocks? come share

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    • gleezy:ย 
      Take a little tasty of such untampered place is interesting sometime
      2023-07-30
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  • StickyRice
    ยท2023-08-03
    TOP




    RCL's$Royal Caribbean Cruises(RCL)$ growing deposits and load factor demonstrate the consumers' willingness to spend, despite the higher ticket/onboard prices, contributing to the expanded Net Yields and EBITDA margins. With the management continuously raising its FY2023 adj EPS projection to $6.10, compared to FQ1'23 guidance of $4.60 and FQ4'22 guidance of $3.30, the euphoria is unsurprising indeed. However, RCL's valuations remain inflated at NTM P/E of 16.94x, compared to its pre-pandemic mean of 11.61x, with the elevated interest rate environment remaining a profitability headwind for now. The cruise line guided up to a $6+ EPS for the year on the way to reaching the 2025 goal for a $10 target. The stock is no longer a massive bargain, but Royal Caribbean only trades at 11.5x '25 consensus estimates.
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  • LMSunshine
    ยท2023-07-28
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    • Success88:ย 
      Thanks
      2023-07-29
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    • SPOT_ON:ย 
      [Salute]
      2023-07-29
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    • xXxZealandxXx:ย 
      thanks [Love]
      2023-07-28
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  • LMSunshine
    ยท2023-07-28
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    • Derrick_1234:ย 
      Thank you ๐Ÿ’•๐Ÿ’•๐Ÿ’•
      2023-07-28
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    • MeowKitty:ย 
      Thank you ๐Ÿ’•๐Ÿ’•๐Ÿ’•
      2023-07-28
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    • Thonyaunn:ย 
      Thank you ๐Ÿ’•๐Ÿ’•๐Ÿ’•
      2023-07-28
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  • LMSunshine
    ยท2023-07-28
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    • BenjiFuji:ย 
      [Grin]
      2023-07-30
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    • Universeๅฎ‡ๅฎ™:ย 
      [ShakeHands]
      2023-07-28
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    • Shyon:ย 
      Thanksnfor the consistent tiger coins tag!
      2023-07-28
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  • Zarkness
    ยท2023-07-29
    Those who buys can look to take some profits. Those who missed pls do not chase. Lets chill and stay calm. ๐Ÿฐ๐Ÿฅ‚๐Ÿ˜˜ have a wonderful weekends. @Tiger_Earnings @LMSunshine @icycrystal @MojoStellar @melson @b1uesky
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    • b1uesky:ย 
      thk for sharing
      2023-07-30
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    • b1uesky:ย 
      thk for sharing
      2023-07-30
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