| Dollar General [DG] - Last Close: $101.83 Dollar General is trending after a personnel move. After Thursday's close, the discount retailer said it's bringing back former CEO Todd Vasos to reclaim the chief executive role, effective immediately. Vasos previously led the company from June 2015 to November 2022. The move brought a mixed reaction from analysts, with some upgrading the stock and others downgrading, slashing price targets, etc. w However, shares of DG are leading the S&P 500 with a 6.8% gain, so the market appears to be bullish on the news. My Take: If Vasos can execute a turnaround, now could be a great time to make an entrance in DG. Plus, consumer staples stocks like can be very resistant to global economic uncertainty. Ehang Holdings [EH] - Last Close: $17.10 Ehang Holdings is on fire after a regulatory decision. Earlier today, the Chinese drone firm said its EH216-S passenger-carrying UAV system was awarded a Type Certificate from China's Civil Aviation Administration. The safety certification brings the company's drones one step closer to commercial use. The 216-S is a 16-rotor drone that can carry two passengers, and it costs roughly USD$296,000 for each vertical take off and landing drone. EH is up 48.0% on news of the green light from regulators. My Take: EH may be onto something here, but Chinese stocks can be very unpredictable. Flying taxis seems like a long-shot concept to boot. RedHill Biopharma [RDHL] - Last Close: $0.3720 RedHill Bio is moving higher after a regulatory filing. The tiny biotech published a Form D after Thursday's close and disclosed the issuance of warrants to purchase 8.6 million American Depository Shares. The offering was considered exempt under federal exemption Rule 506(b). RDHL is moving higher in the premarket. It's up 44.0% in early trading. My Take: This RDHL rally appears to be overdone, unless there are other forces at play here. Shift Technologies [SFT] - Last Close: $0.1340 A regulatory disclosure is giving Shift Technologies a boost. Late Thursday, the company published a Form 144 disclosing the proposed sale of securities under Rule 144 of the 1933 Securities Act. Altogether, the company plans to offload 1.15 million warrants, with TD Ameritrade acting as the broker. The shares will come from the personal holdings of Maruthi J. D. Venkata. However, the disclosure doesn't list this person's role in the company. SFT is up 59.8% in the premarket, making it one of this morning's top performers. My Take: The SFT rally is suspect. I don't see any material reason this stock should be up 59%, so be wary of a potential pullback if you decide to dabble. GainersBiopath [BPTH] >> +128.4%Oblong [OBLG] >> +60.4%Blue Star Foods [BSFC] >> +39.7% DeclinersOutset Medical [OM] >> (41.8%) Secoo Holding [SECO] >> (33.9%)Smart Global [SGH] >> (28.5%) UnitedHealth Group [UNH] ... AM Jp Morgan Chase [JPM] ... AM Wells Fargo [WFC] ... AM BlackRock BLK] ... AM Citigroup [C] ... AM PNC Financial Services Group (The) [PNC] ... AM Import price index [Sep] ... 8:30aImport price index minus fuel [Sep] ... 8:30aConsumer sentiment (preliminary) [Oct] ... 10:00a |
