What We're Trading @optionmonster @petenajarian
CREE - The LED biz must be floundering, as giant Cree just lowered revenue and earnings guidance, shares tumble 13%. CREE was already down 32% in the past six months, and now hover at 20 month lows. If you've been in HD lately you've seen how dramatically prices have come down on LEDs. I'm not saying this is a "don't touch", and usually tempted to buy on washouts, but I will give this one a little more room before I buy.
ESPR - Esperion gets an AWE INSPIRING jump in price target from $35 to $63 citing positive results for ESPR's investigational therapy for hypercholerterolemia. Shares moving up 28% in the pre.
TSLA - Tesla now trading up $12 on news Elon Musk has an announcement involving his vehicles and the letter 'D' on October 9th.
GPN - Global Payments is trading up 4.5% on the TradeMONSTER extended hours platform after they beat EPS and Revenue estimates and just for good measure, raised guidance!
AGU - Agrium said Q3 & Q4 EPS will be significantly below former guidance, shares down 5% here. STZ - Constellation Brands missed EPS forecast by 4 cents, shares down nearly 3% here.
