Baidu (BIDU) – In one of Monday morning’s biggest stories, Chinese regulators cut the nations key interest rate following concerning retail and factory data. Shares of Chinese main stays like Baidu and Alibaba (BABA) traded down about 2%.
Toll Brothers (TOL) – A play on housing. Macro events and economic data points will be relatively quiet this week and next week. Housing will see several notable data points, however: on Monday, the National Association of Homebuilders will give its index reading; on Tuesday, housing starts and building permits data will be released; on Thursday, existing home sales data will be out.
Palo Alto Networks (PANW) – Analysts at Morgan Stanley gave some concerning commentary Monday ahead of Palo Alto’s upcoming Q4 results next Monday, Aug. 22.
Plus Therapeutics (PSTV) – One of Monday morning’s biggest winners. Shares of this penny stock were up about 75% following news of favorable trial results for the company’s brain cancer candidate. Note that the issue is in low-float territory; Plus Therapeutics has about 23 million shares in its float.
Graphex Group Limited (GGL) – A play on an upcoming initial public offering (IPO). Shares are expected to begin trade on Tuesday of this week. According to info from IPO Scoop, the company describes itself as a manufacturer of graphite products that are used primarily in lithium-ion batteries for electric vehicles and clean energy storage solutions.