PayPal (PYPL) – Shares traded about 5% lower ahead of the open Friday despite better-than-expected quarterly results and raised guidance. The company also announced that its brands will be integrated into Apple’s (AAPL) payments products.
Palantir Technologies (PLTR) – A favorite among the retail investor crowd. The company will report quarterly results on Monday before market open.
HireQuest (HQI) – A play on staffing and a strong jobs market. The US’s Bureau of Labor Statistics Friday morning reported solid jobs data: job additions in the non-farm sector totaled 261,000 vs an economist expectation of 200,000.
Wynn Resorts (WYNN) – A play on casinos. Wynn will report quarterly results on Wednesday of next week. Keep in mind that Wynn’s two main peers in the casino space, Las Vegas Sands (LVS) and MGM Resorts (MGM), recently reported quarterly results. Shares of casino stocks fell following Las Vegas Sands and MGM’s quarterly results, meaning downside has already been priced into Wynn shares related to third-quarter results.
BioAlta (BCAB) – Friday’s momentum name. Shares traded up more than 50%. While the company did have a news catalyst Friday morning (a quarterly report), given the biotech nature of the company’s operations, quarterly results are not a strong news catalyst. The stock is likely trading on the fact that the issue is in low-float territory, with around 25 million shares in its float. Later in the pre-market session, the company announced an offering