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Earnings inflection · 195 dossiers

Dossiers classified as Earnings inflection — 195 names, each with its thesis, invalidation trigger and catalyst calendar.

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IRDM Iridium Communications Inc fresh MEDIUM Deal-arb: $27.00 cash plus a collared RKLB stock leg marks a $54.00 package against the 2026-08-24 close of $47.30, a 12.41% discount. The S-4/A filed 2026-08-24 finally dated the special meeting (2026-09-24), but RKLB at $68.28 sits just… Earnings inflection · M&A & special situations · Space economy catalyst · CNC Centene Corporation fresh LOW Margin-repair guide raise of 2026-07-28 stays fully priced: the 2026-08-24 close of $65.65 is 2.7% under the 2026-08-14 close of $67.47 and 4.5% below the $68.72 52-week high, with no analyst target moved since Argus on 2026-08-11.… Earnings inflection · Managed care & health services catalyst · OSCR Oscar Health, Inc. fresh LOW Still maturing and range-bound: the 2026-08-24 close of $31.81 is the sixth session without a new high since the 2026-08-14 closing high of $32.76, and it sits 4.6% above the $30.40 consensus mean target. Short interest fell to 17.83M from… Earnings inflection · Managed care & health services catalyst · CRCL Circle Internet Group, Inc. fresh LOW Still a policy trade, but the first company-level support in weeks arrived: Bernstein's 2026-08-24 note reports USDC supply +$1.7B in a week after ~six months flat, reiterating $140 while Susquehanna raised to $92 on a Neutral. Circle has… Earnings inflection · Crypto exchanges & financials catalyst · OKLO Oklo Inc. fresh LOW Three straight cohort-driven sessions carried OKLO from the 2026-07-29 close of $36.84 to $43.33 on 2026-08-04, with no Oklo release behind any of them. The 2026-08-07 Q2 call is the binary. Earnings inflection · Nuclear & uranium catalyst · SMR NuScale Power Corporation fresh LOW Funded wait on one unsigned ENTRA1–TVA power purchase agreement, with the company silent for twenty days since the 2026-08-05 Q2 release. The 2026-08-24 close of $9.05 gave back most of the bounce off the 2026-08-18 floor at $8.64 and… Earnings inflection · Nuclear & uranium catalyst · PSNL Personalis, Inc. fresh HIGH The MRD story has been overtaken by a live sale process: StreetInsider reported 2026-07-17 that Personalis retained Centerview, TD Securities and Cooley after takeover interest from Merck (already a >10% holder and 19% of Q1 revenue) plus… Earnings inflection · Medtech & diagnostics analysed · ACLS Axcelis Technologies, Inc. MEDIUM Beat-and-raise on 2026-08-06 (Q2 rev $215.175M vs $204.985M est; Q3 guided $230.0M vs $214.846M) repaired the fundamental case, but price only recovered to the top of the July band at $140.15 (08-14), 26.9% under the $191.6 high. China… Earnings inflection · Semi foundry & equipment · AI chips & memory analysed · AGIO Agios Pharmaceuticals, Inc. MEDIUM Mitapivat SCD label-expansion binary into a 2026-11-01 PDUFA, now with a real commercial leg under it: Q2 mitapivat revenue $44.7M vs $26.03M consensus (2026-07-30), yet the tape gave the beat back — $33.56 close on 2026-08-14, RSI 35.8,… Earnings inflection · Binary-catalyst biotech · Rare disease & gene therapy catalyst · BBNX Beta Bionics, Inc. MEDIUM Q2 (2026-07-29) resolved the binary the right way: new patient starts rose sequentially (banded +10–20%) after Q1's decline, net sales $32.0M +38% YoY, FY26 gross-margin floor raised to 58.5–59.5%. The frame flipped from broken-growth to… Earnings inflection · Medtech & diagnostics · Cyclical industrials analysed · BVS Bioventus Inc. MEDIUM Two weeks past the 2026-08-05 unsolicited-proposal disclosure the M&A leg is intact but undated: no committee update in 12 sessions, price consolidating at the 2026-08-21 close of $14.38 against the $15.26 high while RSI(14) unwound 70.5… Earnings inflection · Medtech & diagnostics · Small-cap value rotation analysed · CADL Candel Therapeutics, Inc. MEDIUM Pre-BLA re-rating re-armed: July's round-trip reversed, price reclaimed the June $11.36 high and closed 2026-08-14 at $11.72, 0.7% under the 52-week high, after the 8/13 Q2 print reaffirmed a Q4 2026 prostate BLA and $201.6M cash into Q1… Earnings inflection · Precision biotech & therapeutics · Oncology & immunology analysed · CCC CCC Intelligent Solutions Holdings Inc. MEDIUM Cheap, high-margin insurtech SaaS put in play: a Morgan Stanley-run sale process plus a fresh Elliott activist stake. Shares popped ~13% to ~$6 on the 2026-07-09 Reuters report yet still sit below a plausible PE take-out. The trade is… Earnings inflection · M&A & special situations · AI enterprise software analysed · CDNA CareDx, Inc. MEDIUM Post-LCD estimate-revision leg is intact but the flow has moderated: no company headline between 2026-08-07 and 2026-08-21, yet a new closing high of $48.61 with RSI(14) down to 53.3 from 70.1. The 2026-08-30 LCD effective date is a… Earnings inflection · Medtech & diagnostics · Binary-catalyst biotech catalyst · CGEM Cullinan Therapeutics, Inc. MEDIUM CD19 T-cell-engager-in-autoimmune narrative re-rated CGEM ~3x off the $5.68 low on CLN-978 lupus/RA single-dose remissions; now drifting to ~$17.10 in a bull flag under the $19.43 high with the big data catalyst spent and no dated readout… Earnings inflection · Oncology & immunology · Precision biotech & therapeutics catalyst · CLDX Celldex Therapeutics, Inc. MEDIUM Single-asset binary: Phase 3 EMBARQ-CSU1/CSU2 topline guided to September/October 2026 at the 2026-08-06 print is the entire equity. The re-rating leg is built — 52-week high $44.87, three Overweight raises 07-29 to 08-07 — and has since… Earnings inflection · Binary-catalyst biotech · Oncology & immunology catalyst · CMPS COMPASS Pathways Plc MEDIUM Clinical binary resolved 2026-07-07; what trades now is regulatory execution — rolling NDA completion guided Q4 2026, H1 2027 launch, $433.3M cash into 2028. The empty calendar just filled: FDA holds a public hearing 2026-09-14 on… Earnings inflection · Precision biotech & therapeutics · Cannabis reclassification catalyst · DNTH Dianthus Therapeutics, Inc. MEDIUM Complement re-rate has gone quiet: no company disclosure since the 2026-08-04 Q2 print, a fresh 52-week high at $115.96 on a lower RSI than the early-August one, and the next dated binary — MoMeNtum MMN top-line — not until December 2026.… Earnings inflection · Rare disease & gene therapy · Oncology & immunology catalyst · DRTS Alpha Tau Medical Ltd. MEDIUM Head-and-neck re-acceleration: a 2026-06-23 first-ex-US glioblastoma treatment drove a +17.9% breakout to new 52-week highs (~$12.56 on 7/11), reclaiming the $11.99 Tolmar equity shelf. The 2026-07-21 AHNS podium with complete Alpha DaRT +… Earnings inflection · Oncology & immunology · Medtech & diagnostics analysed · DYN Dyne Therapeutics, Inc. MEDIUM maturing — nothing company-dated until the ~late-October Q3 print, then the 2027-01-21 PDUFA. Earnings inflection · Rare disease & gene therapy · Precision biotech & therapeutics catalyst · ELF e.l.f. Beauty, Inc. MEDIUM Sell-side flipped from cutting to marking up in ten days — five PT raises 2026-07-10→07-17 (JPM $94, Canaccord $97, Citi $92, RJ $87, UBS $80) on the e.l.f. Hair launch and Rhode scaling, while the stock slipped to $72.25. Narrative… Earnings inflection · Consumer discretionary rotation · Semi foundry & equipment analysed · ELVN Enliven Therapeutics, Inc. MEDIUM Funded single-asset CML story broadening its shareholder base: Barclays initiated Overweight $78, William Blair Outperform and Mizuho raised to $73 all on 2026-08-18, yet the 2026-08-21 close of $59.82 sits 2.1% under the $61.11 high with… Earnings inflection · Oncology & immunology · Binary-catalyst biotech analysed · GERN Geron Corporation MEDIUM Narrative leg rotated on 2026-08-05/06: RYTELO revenue accelerated to $57.5M (+11% QoQ) and quarterly cash draw shrank to ~$14M from $60M, while management reframed IMpactMF's base case to the H2 2028 final OS analysis — so the… Earnings inflection · Oncology & immunology · Binary-catalyst biotech analysed · GHRS GH Research PLC MEDIUM Eli Lilly's up-to-$3.8B AtaiBeckley buy (2026-07-16) put a large-cap price on 5-MeO-DMT for depression; GHRS is now the last independent pure-play, with best-in-class inhaled GH001 Phase 2b data, that the sector is repricing as the next… Earnings inflection · Binary-catalyst biotech · Precision biotech & therapeutics analysed · HPP Hudson Pacific Properties, Inc. MEDIUM The refi binary now has a filed date: the 10-Q (2026-08-10) puts the Hollywood Media Portfolio loan maturity at 2026-09-09 with the longer-term extension still unresolved. Q2 beat ($0.35 Core FFO vs $0.26) and three August target raises… Earnings inflection · Freight & logistics · M&A & special situations catalyst · IDYA IDEAYA Biosciences, Inc. MEDIUM Approval leg intact but between catalysts: the OptimUM-02 win (HR 0.42, ASCO 2026-06-01) feeds a rolling NDA under FDA RTOR guided complete H2 2026, and Q2 (2026-08-04) showed ~$1.24B cash with runway into 2030. Nothing company-dated until… Earnings inflection · Oncology & immunology · Precision biotech & therapeutics analysed · IKT Inhibikase Therapeutics, Inc. MEDIUM Tape has caught up to the story: after FDA Orphan Drug Designation (2026-07-23) and a Q2 print (2026-08-11) showing 43 sites live across 26 countries and $159.0M cash, IKT closed $2.41 on 2026-08-14, 2.4% off its 52-week high. What is… Earnings inflection · Binary-catalyst biotech · Precision biotech & therapeutics analysed · LBRX LB Pharmaceuticals Inc fresh MEDIUM Single-asset schizophrenia binary where the sell-side frame flipped above the tape: BMO $54 (2026-08-12), Stifel $53 (08-13), Clear Street $69 (08-20) against a 2026-08-21 close of $47.62 and an $51.5 eight-analyst average. The 2026-08-11… Earnings inflection · Precision biotech & therapeutics analysed · LRMR Larimar Therapeutics, Inc. MEDIUM Single-asset FA binary, now basing rather than breaking: the 2026-08-04 Q2 update held anaphylaxis at 10 of 43, reported no new urticaria after antihistamine premedication, and put cash at $156.3M with runway into Q3 2027. Rolling BLA… Earnings inflection · Rare disease & gene therapy · Binary-catalyst biotech analysed · MBX MBX Biosciences, Inc. MEDIUM Single-asset execution story: oPTimize Phase 3 in canvuparatide is guided to start by 2026-09-30 and sites are already screening. Since 2026-08-15 the sell-side re-rated on no new data — consensus $88.36 across 12 analysts (2026-08-23) vs… Earnings inflection · Rare disease & gene therapy · Precision biotech & therapeutics catalyst · MGTX MeiraGTx Holdings plc MEDIUM The $400M Oberland royalty deal (2026-07-07) took dilution and runway risk off the table and spiked MGTX to a new 52-week high of $15.35 before a fade to ~$12.44 — a non-dilutive re-rate of a three-program AAV gene-therapy pipeline, but… Earnings inflection · Rare disease & gene therapy · Precision biotech & therapeutics analysed · MIRM Mirum Pharmaceuticals, Inc. MEDIUM Rare-disease franchise ran to a $125 ATH on FOP data, then cooled ~9% into a confirmed 2026-07-30 Q2 print. Base compounds (Q1 sales +43% YoY, FY guide $660–680M) with FOP PDUFA 2026-09-26 and HDV Phase 3 topline 2H26 stacked ahead — but… Earnings inflection · Rare disease & gene therapy · Precision biotech & therapeutics catalyst · NGNE Neurogene Inc. MEDIUM Rett gene-therapy story is now fully financed — pro forma cash ~$360.2M after the July raise, runway into Q1 2029 — and the 2026-08-11 Q2 print added safety breadth (N=35 at 1E15 vg as of 08-10) but zero new efficacy. Next hard binary is… Earnings inflection · Rare disease & gene therapy analysed · NKTR Nektar Therapeutics MEDIUM M&A read-through re-accelerating: AbbVie's $10.9B Apogee buyout (June 22, 2026) reframed NKTR as the next takeout-able Treg-IL-2 atopic-dermatitis asset, driving a ~25% run off the June low to ~$70. It's sympathy optionality, not fresh… Earnings inflection · Precision biotech & therapeutics · Binary-catalyst biotech catalyst · NRIX Nurix Therapeutics, Inc. MEDIUM Roche-partnered BTK degrader moved from validation to execution: first patient in the registrational Phase 3 DAYBreak CLL-306 on 2026-08-04, RBC to $36 on 2026-08-10, price to a new 52-week high on 2026-08-14. Narrative still accelerating,… Earnings inflection · Oncology & immunology · Binary-catalyst biotech analysed · NVCR NovoCure Limited MEDIUM Post-TRIDENT commercial-inflection leg intact but undated: the 2026-07-23 Q2 print (rev $183.584M vs $172.437M cons., first positive adj. EBITDA $10.8M, FY guide to $710–725M) still sets the frame, and on 2026-08-22 Zacks flagged upward… Earnings inflection · Oncology & immunology · Medtech & diagnostics analysed · ORKA Oruka Therapeutics, Inc. MEDIUM Supply overhang cleared: the 2026-07-01 Fairmount $300M block at $84.43 was absorbed and price closed $92.70 on 07-17 (+11.6%), 5% off the 52-week high, with 19.85% short interest still rising. Long-acting I&I re-rated by the $10.9B… Earnings inflection · Oncology & immunology · Binary-catalyst biotech catalyst · PGEN Precigen, Inc. MEDIUM PAPZIMEOS launch-ramp durability is the binary — the first FDA-approved RRP therapy printed $21.6M net product revenue in Q1 2026, and the now-confirmed Aug 4 Q2 print (announced Jul 21) grades whether the ramp compounds sequentially or… Earnings inflection · Oncology & immunology analysed · PTGX Protagonist Therapeutics, Inc. MEDIUM De-risked dual-royalty story accelerating into a binary: icotrokinra (oral IL-23, J&J) already approved and paying 6–10% royalties; rusfertide (PV, Takeda) into a Q3 2026 PDUFA. Stock at a fresh ATH ($143.29, Jul 20) as the PV theme runs —… Earnings inflection · Precision biotech & therapeutics · Rare disease & gene therapy catalyst · PVLA Palvella Therapeutics, Inc. MEDIUM First-approved-therapy-for-microcystic-LM story still working: the 2026-08-04 Q2 update reaffirmed rolling-NDA completion in H2 2026 and potential approval H1 2027, and the stock closed $156.13 on 2026-08-14, 1.0% under its 52-week high.… Earnings inflection · Precision biotech & therapeutics · Rare disease & gene therapy analysed · RAPP Rapport Therapeutics, Inc. MEDIUM RAPP broke to all-time highs at $42.62 (2026-07-17, +6.2%) on zero company news — the move is pure sell-side re-rating (BTIG reiterated Buy/$65 on 7/16, consensus PT $56.64, 12 desks Strong Buy) with Phase 3 FOCUS now enrolling globally.… Earnings inflection · Precision biotech & therapeutics · Binary-catalyst biotech analysed · RCKT Rocket Pharmaceuticals, Inc. MEDIUM First clean RP-A501 datapoint in 15 months — three Danon patients dosed at the recalibrated 3.8×10¹³ GC/kg with no TMA or capillary leak (2026-08-03) — turned a bleeding chart into a mid-range one. The re-rate still needs the undated H2… Earnings inflection · Rare disease & gene therapy · Binary-catalyst biotech analysed · RLAY Relay Therapeutics, Inc. MEDIUM Coverage-driven leg intact but thinning: HC Wainwright's $29 raise (2026-08-20) was the fourth in 14 days and the first that failed to make a new high, with the 2026-08-21 close at $19.44 versus a $20.75 52-week high. No dated company… Earnings inflection · Oncology & immunology analysed · RMAX Re/Max Holdings, Inc. fresh MEDIUM Merger arb that finally got a date. DOJ granted HSR early termination 2026-07-13 and both special meetings are set for 2026-08-14, removing the regulatory leg. RMAX $11.10 vs ~$11.86 blended (5.150 REAX at $2.21 plus the prorated $13.80… Earnings inflection · M&A & special situations catalyst · RPD Rapid7, Inc. MEDIUM Q2 (2026-08-10) flipped RPD from a pure take-private probe to a cost-out re-rating: ARR still -2.0% YoY at $824M, but EPS beat $0.44 vs $0.35, a 12% headcount cut targets 20% Q4 operating margin, and FY26 EPS guide went to $1.78-1.83.… Earnings inflection · Semi foundry & equipment · AI enterprise software analysed · SNDX Syndax Pharmaceuticals, Inc. MEDIUM Menin-inhibitor commercial ramp accelerating: Revuforj + Niktimvo franchise cleared $100M/quarter with revenue +224% YoY, and the leg being bought is frontline AML label expansion (~10x TAM). Stock coils below 52-week-high resistance… Earnings inflection · Oncology & immunology · Precision biotech & therapeutics catalyst · TNET Trinet Group, Inc. MEDIUM The 2026-07-30 binary resolved bullish: Q2 ICR 86% vs 90%, adj EPS $1.55 vs $0.93 est, FY adj-EPS guide raised to $4.50-5.10. Shares made a 52wk high at $71.67 and sit 4.1% under it. The leg now being bought is durability, not recovery —… Earnings inflection · Managed care & health services analysed · TRVI Trevi Therapeutics, Inc. MEDIUM Second breakout leg confirmed: TRVI cleared the June $18.17 all-time high and printed $20.22 on a +9.85% July 17 session (8.3M shares, $19.07 close), lifting the tape ~+45% in six weeks on Phase 3 launch mechanics and institutional… Earnings inflection · Precision biotech & therapeutics · Binary-catalyst biotech analysed · TVTX Travere Therapeutics, Inc. MEDIUM Q2 beat on 2026-08-04 ($169.6M revenue vs $159.6M consensus; FILSPARI US sales +96% YoY to $141.1M) re-opened sell-side headroom — six target raises 08-05→08-10 into a $70–85 band while the 2026-08-14 close of $62.14 sits 1.0% under the… Earnings inflection · Rare disease & gene therapy · Precision biotech & therapeutics catalyst · ULCC Frontier Group Holdings, Inc. MEDIUM Fuel-relief leg replaced by an earnings-delivery leg: the 2026-07-29 Q2 print put adjusted EPS at $(0.10) against a $(0.60)–$(0.45) May guide on record $1,279M revenue, and guided 2H to breakeven-or-better. The catch is that guide assumes… Earnings inflection · Travel & leisure · Oil, energy & geopolitical analysed · VSTM Verastem, Inc. MEDIUM Post-Q2 the narrative is confirmed and the tape has flattened: $6.74 on 2026-08-07 to $6.89 on 2026-08-21 while three banks cut targets with ratings held. The 2026-08-28 Oberland closing funds $50M inside 30 days; the October VS-7375… Earnings inflection · Oncology & immunology · Precision biotech & therapeutics catalyst · XNCR Xencor, Inc. MEDIUM Two overhangs closed in three weeks: the $105M Alexion settlement (2026-07-29) ended the Ultomiris dispute and pushed runway through 2028, and Q2 revenue of $51.2M vs $18.9M consensus (2026-08-05) drew three price-target raises on 08-06.… Earnings inflection · Oncology & immunology analysed · ZBIO Zenas BioPharma, Inc. MEDIUM First-in-disease B-cell modulator: obexelimab BLA (IgG4-RD, 56% flare cut, HR 0.44) hit the FDA 2026-05-28, and the ~60-day filing determination — acceptance plus a possible Priority Review grant — is due within days, a fresh near-term… Earnings inflection · Binary-catalyst biotech · Oncology & immunology analysed · ZURA Zura Bio Limited MEDIUM Q2 print (2026-08-11) added a third tibulizumab indication — polymyalgia rheumatica, NEXUS-PMR Phase 2 by YE2026 — and Wedbush ($22) plus Guggenheim ($20) raised targets on 2026-08-12; the $5.57 close on 2026-08-14 has not paid for it. The… Earnings inflection · Binary-catalyst biotech · Precision biotech & therapeutics analysed · AAPL Apple Inc. LOW July's rotation-crown has slipped — Polymarket now gives Apple 20% odds of ending 2026 as the largest company (7/24) and semis are breaking out again (NVDA 7/23). The live narrative is the 'anti-CapEx AI trade' as Alphabet turns… Earnings inflection · Mega-cap AI platforms catalyst · ABCL AbCellera Biologics Inc. LOW Binary resolved positive: ABCL635 Phase 2 hit both primaries on 2026-08-10 (placebo-adjusted −5.3 hot flashes/day, p<0.001), and the stock re-rated to a 52-week-high $11.38 close on 2026-08-14 at RSI 97.4. The company priced $200M of… Earnings inflection · Precision biotech & therapeutics · AI enterprise software analysed · ABEO Abeona Therapeutics Inc. LOW The 2026-08-13 Q2 print missed both lines — revenue $11.38M vs ~$12.24M, EPS -$0.35 vs -$0.23 — and price has given back 18.4% from the $7.46 high. But treated patients rose to five from three and the QTC network hit its seven-center 2026… Earnings inflection · Rare disease & gene therapy · Precision biotech & therapeutics analysed · ABVX Abivax SA LOW Post-binary single-asset UC biotech that has now lost the $125.00 placement shelf — 2026-08-14 close $118.96 — despite a positive 2026-07-30 pre-NDA FDA interaction. Sell-side sits ~$161.55 average against the tape, the CEO has framed a… Earnings inflection · Binary-catalyst biotech · Precision biotech & therapeutics analysed · ACB Aurora Cannabis Inc. LOW Frame flipped 2026-08-11: Curaleaf's unsolicited proposal — 0.3463 CURLF shares + US$0.75 cash, implied US$4.00, capped at US$5.00 — turned a broken Canadian LP into a live take-over situation. No formal bid has been commenced, the board… Earnings inflection · M&A & special situations · Semi foundry & equipment catalyst · ACDC ProFrac Holding Corp. LOW Hormuz beta re-coupled in August: WTI settled $82.40 and Brent $88.52 on 2026-08-14 with the strait still shut, dragging ACDC to $5.37 at RSI 74.4. But the 2026-08-06 Q2 print missed (-$0.44 vs -$0.30), liquidity is ~$72M against $1,083.6M… Earnings inflection · Oil, energy & geopolitical analysed · AKBA Akebia Therapeutics, Inc. LOW VOICE outcomes win (USRC trial stopped early, June 2026) de-risked Vafseo's dialysis-anemia case, but the tape bled to ~$1.22, only ~48% above the $0.82 low and still fading; the late-July/early-August Q2 print is the binary —… Earnings inflection · Precision biotech & therapeutics analysed · ALHC Alignment Healthcare, Inc. LOW Profitable-MA-disruptor narrative broke on 2026-07-08: a whistleblower suit from a former Chief Transformation Officer alleges the +88% adjusted-EBITDA inflection was manufactured by reclassifying opex as capex across FY2024-25. Shares… Earnings inflection · Managed care & health services · Oil, energy & geopolitical analysed · ALMS Alumis Inc. LOW Psoriasis leg is fully told — 2026-08-10 ONWARD3 48-week data (75% PASI 90 / 54% PASI 100) left the stock 16.5% under its $30.30 52-week high. The only re-rating leg left is the undated LUMUS Phase 2b lupus topline, reaffirmed for Q3 2026… Earnings inflection · Oncology & immunology · Precision biotech & therapeutics catalyst · ALOT AstroNova, Inc. LOW Terminal merger-arb pin. Arcline's $29.00 all-cash take-private cleared its HSR condition on 2026-07-31 and goes to a shareholder vote on 2026-08-25; the 2026-08-14 close of $28.91 leaves $0.09 of gross spread against a break tail toward… Earnings inflection · M&A & special situations · Semi foundry & equipment catalyst · AMLX Amylyx Pharmaceuticals, Inc. LOW Single-asset binary, now inside the guided window: Amylyx reaffirmed on 2026-08-06 that Phase 3 LUCIDITY topline for avexitide in post-bariatric hypoglycemia arrives late August or early September 2026. Sell-side marked targets up into it… Earnings inflection · Precision biotech & therapeutics catalyst · ANAB AnaptysBio, Inc. LOW The dateless wait acquired a docket: a 2026-07-28 stipulation set post-trial briefing to an Oct 20 Chancery argument, and ANAB has rebuilt from ~$54 (Jul 24) to $58.47 (Aug 14) on no company news. The written opinion deciding Jemperli… Earnings inflection · M&A & special situations · Precision biotech & therapeutics catalyst · ANRO Alto Neuroscience Inc. LOW Precision-psychiatry TRD re-rate broke to new highs on a low-information 2026-08-12 Q2 print (EPS -$0.65 vs -$0.73 est) and two same-week target revisions (BTIG $37 Buy, Wedbush $26 Neutral). The 2026-08-14 close of $32.14 sits 0.5% under… Earnings inflection · Precision biotech & therapeutics analysed · APGE Apogee Therapeutics, Inc. LOW HSR expiry (2026-08-05) and shareholder approval (2026-08-11) cleared the last stated conditions on AbbVie's $135.11 all-cash takeout, so what trades now is terminal merger-arb carry into a company-guided Q3-2026 close — capped at the bid,… Earnings inflection · M&A & special situations · Oncology & immunology analysed · ARCT Arcturus Therapeutics Holdings Inc. LOW CSL exit hands back global KOSTAIVE plus flu/RSV/EBV rights, $12M cash and ~$16M of released liabilities, against $191.5M cash and runway guided through end-2028 — a platform-repossession re-rating that has run 91.3% in three months into… Earnings inflection · Oncology & immunology catalyst · ARX Accelerant Holdings LOW Signed all-cash take-private at $20.25; the 2026-08-21 close of $19.59 leaves a fixed-price insurance-regulatory arb with the ceiling contractually set. Newly visible merger terms — go-shop ending 2026-09-22, outside date 2027-08-13… Earnings inflection · M&A & special situations · Managed care & health services catalyst · ATAI AtaiBeckley Inc. LOW Lilly takeout is now a process, not a story: DEFM14A filed, special meeting 2026-09-08, HSR filed 2026-07-29, close guided Q3 2026. The 2026-08-14 close of $7.26 sits $0.51 over the $6.75 cash leg, so all remaining return is an unread CVR… Earnings inflection · Precision biotech & therapeutics · Semi foundry & equipment catalyst · ATKR Atkore Inc. LOW Cyclical-repair frame is closed: the 2026-08-02 definitive all-cash merger with Prysmian at $95.00/share pins the stock, and the 2026-08-14 close of $93.80 leaves $1.20 of gross spread. The read is now completion timing — HSR plus… Earnings inflection · Industrial power & grid analysed · AVLN Avalyn Pharma Inc. LOW Post-IPO re-rating in an inhaled-antifibrotic single-asset story: the 2026-08-14 close of $39.25 is +118% over the $18.00 April IPO price with RSI(14) at 89.2, yet the MIST Phase 2b FVC readout that sets the value is guided to 2H 2027.… Earnings inflection · Precision biotech & therapeutics catalyst · AVNS Avanos Medical, Inc. LOW Resolved, not pending: AIP completed the $25.00/share all-cash take-private on 2026-07-27 and AVNS ceased NYSE trading the same day (EV ~$1.272B). Holders received cash; there is no listed security, no narrative leg and no catalyst left.… Earnings inflection · M&A & special situations · Medtech & diagnostics analysed · AVTX Avalo Therapeutics, Inc. LOW The July soft catalyst has passed: Q2 landed 2026-08-06 and delivered a schedule — registrational Phase 3 in hidradenitis suppurativa initiating H1 2027 — so the post-LOTUS story now sits in a ~10-month gap with no company-dated clinical… Earnings inflection · Precision biotech & therapeutics analysed · AVXL Anavex Life Sciences Corp. LOW Governance, not approval, is the leg: PVG's six-nominee GOLD slate meets the board's WHITE slate at the 2026-09-24 annual meeting. Since 2026-08-15 the contest kept filing (8-K 08-17, DFAN14A 08-19) while price stalled — $3.24 on… Earnings inflection · Binary-catalyst biotech · Crypto exchanges & financials catalyst · BAK Braskem S.A. LOW Q2 2026 (released 2026-08-14) printed US$1.043B recurring EBITDA on a Middle East supply shock management called tactical — and the ADR closed $1.95, pricing the capital structure rather than the P&L. The 2026-06-26 São Paulo shield… Earnings inflection · Biofuels & low-carbon fuels · Emerging markets catalyst · BCAX Bicara Therapeutics Inc. LOW Bifunctional EGFR/TGF-β narrative in HPV-negative head & neck cancer stalled after the ASCO 2026 three-year-OS re-rate: $27.76 close is ~10% off the $30.99 high on roughly half prior turnover, consensus PT ~$31.46 sits only 13% above spot,… Earnings inflection · Oncology & immunology · Binary-catalyst biotech analysed · BHVN Biohaven Ltd. LOW Binary-catalyst biotech: the re-rate off the $7.48 Nov-CRL low stalled at ~$16 in early July and drifted to $13.85 on 2026-08-21. The undated 2H-26 RISE3 topline now races a live $350.0M J.P. Morgan ATM (424B5, 2026-05-04) against ~$270.5M… Earnings inflection · Binary-catalyst biotech · Precision biotech & therapeutics analysed · BIOA BioAge Labs, Inc. LOW The ESC venue hypothesis failed: ZEUS is absent from the published ESC 2026 Hot Line programme (Munich, 2026-08-28 to 08-31), so the full dataset that would separate NLRP3 from IL-6 blockade does not land in August and no substitute date… Earnings inflection · Precision biotech & therapeutics · Oncology & immunology catalyst · BOLD Boundless Bio, Inc. LOW Merger-arb wrapper, not an oncology stock: the object is a planned $44–48M pre-close cash dividend plus a 3.69% stub in the AATD base-editing NewCo. Week of 2026-08-14 added owners (ADAR1 13G at 8.8%) but no deal documents — still no S-4,… Earnings inflection · M&A & special situations · Rare disease & gene therapy analysed · BTGO BitGo Holdings, Inc. LOW Broken IPO that cleared its 2026-07-21 lockup without a supply flood but is grinding on the $4.665 all-time low with no bounce; Goldman cut its target to $7.75, and the undated $100M Galaxy verdict plus the ~2026-08-26 Q2 print are the… Earnings inflection · Crypto exchanges & financials · M&A & special situations catalyst · BWIN The Baldwin Insurance Group, Inc. LOW Take-private premium is bleeding while sell-side chases it higher: price slipped to $27.25 (2026-07-17) from $28.41 (2026-07-02) even as KBW went to $31 and JPM to $30. Nothing is signed, and the 2026-07-30 Q2 print (guide $485–490M,… Earnings inflection · Semi foundry & equipment · AI enterprise software analysed · BWMN Bowman Consulting Group Ltd. LOW Not a growth story — a cash-deal spread. Bernhard Capital's $43.00 all-cash take-private (signed 2026-08-10) caps the name; the 2026-08-21 close of $42.61 is $0.39 under it, down from a $0.70 gap on 2026-08-14. The go-shop expires 5:00… Earnings inflection · M&A & special situations · AI datacenter infrastructure catalyst · CBZ CBIZ, Inc. LOW Deal-completion story now, not an operating one: the 2026-08-21 close of $54.66 sits $0.34 under the signed $55.00 all-cash terms, in from $0.54 on 2026-08-14. The go-shop expiring 11:59pm ET 2026-08-27 is the only mechanism that can print… Earnings inflection · M&A & special situations · Semi foundry & equipment catalyst · CCRN Cross Country Healthcare, Inc. LOW Situation settled: the Knox Lane take-private became effective 2026-07-21 at $13.25 cash, Nasdaq suspended trading that morning and filed Form 25 the same day. No listed security, no residual claim, no forward catalyst — any CCRN bar dated… Earnings inflection · M&A & special situations · Managed care & health services analysed · CCXI Churchill Capital Corp XI LOW De-SPAC humanoid pure-play now maturing: Unitree's 2026-08-19 STAR debut (+487% close, ~$53B) lifted CCXI for one session before the move fully round-tripped — $17.07 on 2026-08-14 to $14.57 on 2026-08-21, RSI 73.4 to 43.5. Still no public… Earnings inflection · M&A & special situations · Physical AI & robotics analysed · CGC Canopy Growth Corporation LOW The rescheduling binary CGC trades on came and went: the DEA hearing closed 2026-07-15 with no verdict, briefs due 2026-08-17 and the ALJ recommendation undated into H2 2026, likely litigated into 2027. Shares closed $0.89 on 2026-07-24,… Earnings inflection · Cannabis reclassification · Crypto exchanges & financials catalyst · CHYM Chime Financial, Inc. LOW Busted-IPO fintech: operations accelerating (Q1 rev +25% to $647M, first GAAP profit, FY guide raised to $2.66–2.69B) but the stock trades ~19% below its $27 IPO and bases near post-IPO lows — a compressed multiple, not an accelerating… Earnings inflection · Fintech & consumer credit analysed · CLYM Climb Bio, Inc. LOW Anti-CD19 autoimmune re-rate: budoprutug's 2026-06-11 EHA ITP data (>90% B-cell depletion, n=15) plus $239.2M cash funding into 2H 2028 lifted CLYM to a 52-week high at $16.33 on 2026-08-14. The 2026-09-03 R&D Spotlight (CLYM116 Phase 1… Earnings inflection · Precision biotech & therapeutics catalyst · CNMD CONMED Corporation LOW Six weeks on, the deal leg is still the only unresolved one: no process headline since 2026-07-10, no sell-side action since 2026-07-30, no company event dated inside 30 days — yet price drifted to $51.07 on 2026-08-21, 10.9% above the… Earnings inflection · Medtech & diagnostics · M&A & special situations analysed · CNTA Centessa Pharmaceuticals plc LOW Closed cash-plus-CVR takeout; nothing trades. Lilly's scheme ($38.00 cash plus a non-transferable CVR of up to $9.00) went effective 2026-06-24, Form 15-12G dated 2026-07-06. New since the last note: ClinicalTrials.gov lists a Phase… Earnings inflection · M&A & special situations · Precision biotech & therapeutics analysed · CORT Corcept Therapeutics Incorporated LOW Lifyorli oncology launch (approved 2026-03-25, NCCN preferred) re-accelerated the tape to fresh 52-week highs near $92, and the 2026-06-17 Cushing's relacorilant resubmission (~Dec PDUFA) adds second-approval optionality. But a fresh entry… Earnings inflection · Oncology & immunology · Binary-catalyst biotech catalyst · CRNX Crinetics Pharmaceuticals, Inc. LOW Not a narrative any more: the Vertex $85.00/share cash takeout cleared HSR on 2026-08-12, the stockholder vote is 2026-08-28, and closing is guided to early September. At the 2026-08-14 close of $84.70 the gap to terms is $0.30 against… Earnings inflection · M&A & special situations · Rare disease & gene therapy catalyst · CRTO Criteo S.A. LOW Takeover-premium leg is dead and the tape kept going: the 2026-07-06 Vista/Quinti gap is fully filled, no party has confirmed anything in 46 days, and the 2026-08-05 guide cut re-based FY26 contribution ex-TAC to $1.034–1.058B from… Earnings inflection · M&A & special situations · AI enterprise software analysed · CRVS Corvus Pharmaceuticals, Inc. LOW Calendar still empty until 2027 after the 2026-08-06 push-out (PTCL futility Q1 2027, no data released; SIERRA1 topline Q3 2027), but the tape has recovered: $14.46 close on 2026-08-21 with RSI 62.4 versus $13.92 and RSI 47.5 on… Earnings inflection · Oncology & immunology · Binary-catalyst biotech analysed · DFTX Definium Therapeutics, Inc. LOW Voyage GAD read out positive on 2026-08-12 — HAM-A 5.4 points over placebo at Week 12, p<0.0001, Cohen's d 0.81 — and eight target actions followed inside seven sessions. Yet the 2026-08-21 close of $44.91 sits under the pre-readout $46.14… Earnings inflection · Binary-catalyst biotech · Precision biotech & therapeutics catalyst · DSGN Design Therapeutics, Inc. LOW A new 52-week high of $15.94 printed in August with no company release since the 2026-08-03 Q2 update, which pushed the next hard data to Q1 2027. RSI(14) 73.9 at the $14.99 close (2026-08-21) and +21.9% for the month, into a 30-day… Earnings inflection · Precision biotech & therapeutics · Rare disease & gene therapy analysed · EPC Edgewell Personal Care Company LOW Two legs: a refused $30 take-private approach (2026-06-22) and a first clean quarter (fiscal Q3 organic +1.1%, adjusted EPS $0.72 vs $0.62). Sixty days on there is no competing bid, no process and no 13D, and the shares have coiled within… Earnings inflection · M&A & special situations · Consumer discretionary rotation catalyst · ERAS Erasca, Inc. LOW Funded pan-RAS story with part of its calendar restored: the 2026-08-11 Q2 release dates ERAS-4001 BOREALIS-1 preliminary Phase 1 data to H2 2026, ahead of the H1 2027 ERAS-0015 cut. But the 2026-08-21 close of $17.63 sits on the $17.50… Earnings inflection · Oncology & immunology · Binary-catalyst biotech analysed · ESPR Esperion Therapeutics, Inc. LOW Resolved and off the tape. ARCHIMED's take-private closed 2026-07-13 at $3.16 cash plus a non-tradeable CVR of up to $100M; Nasdaq was asked to file Form 25 the same day and reporting duties are being suspended by Form 15. The early-August… Earnings inflection · M&A & special situations · Precision biotech & therapeutics analysed · EVH Evolent Health, Inc LOW The late-June retail bounce has fully unwound — EVH traded ~$5.76 on 2026-07-07, back under the $6.59–6.86 consensus target band and well under Truist's flat $7. Nothing carries the name now except the confirmed 2026-08-06 Q2 print, which… Earnings inflection · Managed care & health services · Oncology & immunology analysed · FBRX Forte Biosciences, Inc. LOW Deal-spread endgame: HSR expired 2026-08-18 (SC 14D9/A filed 2026-08-19), leaving only the >50% minimum tender before argenx's $77.00 all-cash offer expires 2026-08-26. The 2026-08-21 close of $76.92 leaves $0.08 of gross gap. Upside is… Earnings inflection · Precision biotech & therapeutics catalyst · FDMT 4D Molecular Therapeutics, Inc. LOW Wet-AMD one-and-done durability narrative accelerating on the 2026-07-18 PRISM 2-year data (78% injection-burden reduction, 2.7 vs 12.0 projected, n=30) plus a 2026-07-31 Buy initiation at PT $37 and a 2026-08-13 Q2 beat. Price is 5.5% off… Earnings inflection · Precision biotech & therapeutics analysed · FIG Figma, Inc. LOW Design incumbent re-rated as an AI winner (BofA Buy, $30 PT, 7/7) rather than an AI casualty, yet the stock churns below its 100/200-day moving averages with heavy short interest into its first public earnings print on 8/5 — that print,… Earnings inflection · AI enterprise software catalyst · FOUR Shift4 Payments, Inc. LOW Payments roll-up at ~$50, a hair above its $46.26 52-week low set on a 2026 guide-down. The Global Blue tax-free-shopping integration ("Shift4 One," launched 2026-07-14) is the transformation leg, but the 2026-07-30 Q2 print is the binary… Earnings inflection · Fintech & consumer credit · Travel & leisure catalyst · FWRD Forward Air Corporation LOW Busted-merger workout losing its bid: the +48% June bounce to $14.87 (on a speculative Amazon-bolt-on thesis) has faded ~13% to ~$13, whole-company sale is now reported "unlikely," and the 2026-07-10 chairman exit forfeited… Earnings inflection · Cyclical industrials · Freight & logistics analysed · GBTG Global Business Travel Group, Inc. LOW Take-private in its final leg: stockholders adopted the $9.50 Long Lake merger on 2026-08-03, and the 2026-08-14 close of $9.46 leaves $0.04 gross against a roughly 37% break tail to the unaffected $5.93. Only undated offshore regulatory… Earnings inflection · M&A & special situations · Consumer discretionary rotation analysed · GCO Genesco Inc. LOW The operating turnaround is real but priced, and its one asymmetric leg — the activist proxy fight — lost its teeth: ISS (2026-07-07) backed all nine board directors and urged holders to withhold from the two Radoff/Jumana nominees, so the… Earnings inflection · Consumer discretionary rotation · Cyclical industrials catalyst · GLUE Monte Rosa Therapeutics, Inc. LOW ZEUS (ziltivekimab, MACE HR 0.99) failed on 2026-07-31 and took GLUE −27.16% to $16.52, its worst session on record, because the hsCRP-to-outcomes link under MRT-8102's ASCVD story is exactly what ZEUS could not demonstrate. Platform,… Earnings inflection · Precision biotech & therapeutics · Oncology & immunology analysed · GSHD Goosehead Insurance, Inc. LOW Post-print re-rating extended on no new information: the 2026-08-21 close of $72.52 is above UBS's $72, above KBW's $72 and above the ~$71 aggregator consensus, while founder-side Class B conversions sell into it. No dated company catalyst… Earnings inflection · Managed care & health services · Small-cap value rotation analysed · HOV Hovnanian Enterprises, Inc. Class A LOW The housing-bill leg is spent — the Act auto-enacted 2026-07-11 and nothing dated has replaced it — yet HOV has re-rated to $137.78 (2026-08-07), 11.8% off the $156.16 high, on no company news. The confirmed 2026-08-20 Q3 print (quarter… Earnings inflection · Housing, homebuilders & proptech · Cyclical industrials catalyst · HROW Harrow, Inc. LOW Post-Q2 this is a leverage-and-execution show-me: the reaffirmed $350–365M FY guide needs H2 to roughly double the $114.9M booked in H1, against $292.4M loans payable net and $14.8M equity. The 2026-08-20 IHEEZO comfort data supports the… Earnings inflection · Precision biotech & therapeutics · Managed care & health services analysed · HZO MarineMax, Inc. fresh LOW Deal pin rather than a growth story: the $53.00 all-cash Safe Harbor/Blackstone Infrastructure take-private, signed 2026-08-09, leaves $0.80 to terms at the 2026-08-21 close of $52.20. What trades now is HSR/FDI clearance and a shareholder… Earnings inflection · Consumer discretionary rotation catalyst · IHRT iHeartMedia, Inc. LOW M&A leg is dead — no SiriusXM headline since the 2026-05-29 NYT "stalled" report and the April spike fully round-tripped ($6.33 high → $3.86 on 2026-08-07, -39%). What is left is a binary: Q2 print 2026-08-10 after the close is the first… Earnings inflection · Cyclical industrials · M&A & special situations analysed · IMMX Immix Biopharma, Inc. fresh LOW Single-asset CAR-T regulatory story: NXC-201 posted a 95% CR rate (19/20) in NEXICART-2 on 2026-05-21 and holds FDA Breakthrough Therapy Designation from 2026-01-28, with a BLA guided for 2026. Price closed 2026-08-21 at its 52-week high… Earnings inflection · Oncology & immunology catalyst · IMRX Immuneering Corporation LOW Busted-catalyst pancreatic biotech: atebimetinib's 17.3-mo single-arm 1L OS is real, but the Phase 3 binary is mid-2028 and the tape keeps fading post-ASCO ($5.11→$4.32 in two weeks) even as targets climb to $18–$30. Cheap… Earnings inflection · Oncology & immunology · M&A & special situations analysed · INBX Inhibrx Biosciences, Inc. LOW Non-dilutive bridge into the 2027-04-14 PDUFA, with one item pulled forward: the 2026-08-13 Q2 release moved the INBRX-106 HNSCC PFS readout into Q3 2026 and dated the CRC registrational FDA meeting to Q4 2026. But the two-week advance… Earnings inflection · Precision biotech & therapeutics · Binary-catalyst biotech analysed · IRWD Ironwood Pharmaceuticals, Inc. LOW Post-print drift: the 2026-08-06 binary resolved with FY26 guidance raised (revenue $460–485M, adjusted EBITDA above $310M) but both reported lines missing consensus, and two weeks on the stock is unchanged at $4.29, 20.4% under the $5.39… Earnings inflection · Precision biotech & therapeutics · M&A & special situations analysed · ITGR Integer Holdings Corporation LOW Signed-deal instrument since 2026-08-03: KKR's $127.00 all-cash agreement leaves $1.80 above the 2026-08-21 close of $125.20 (~1.4%), unchanged from two weeks earlier. The paperwork stage has begun with no paperwork — no merger proxy on… Earnings inflection · M&A & special situations · Medtech & diagnostics analysed · IVA Inventiva S.A. LOW Single-asset MASH binary, still dormant: zero company news in the 30 days to 2026-08-23, with the undated Q4 2026 NATiV3 topline carrying the whole equity. RSI(14) firmed to 66.7 at the $4.68 close on no flow, while the $4.40 June offering… Earnings inflection · Binary-catalyst biotech · Precision biotech & therapeutics catalyst · JBIO Jade Biosciences, Inc. LOW The post-Q2 revision leg round-tripped: $24.71 on 2026-08-14 back to $21.34 on 2026-08-21, with the 2026-08-11 target raises (Wedbush $47, Jefferies $48 from $40) marking the high rather than starting a leg. The July shelf near $21 is now… Earnings inflection · Precision biotech & therapeutics · Oncology & immunology analysed · JBLU JetBlue Airways Corporation LOW Fuel-reversion bull leg broke: Brent re-spiked to ~$86 (Jul 17) on renewed Mideast conflict, reversing the sub-$73 tailwind the whole trade needed. Raymond James (Jul 6) cut to Underperform flagging a Chapter 11 that wipes equity; $9.3B… Earnings inflection · Travel & leisure · Consumer discretionary rotation catalyst · JOBY Joby Aviation, Inc. LOW eVTOL cert story still advancing (FAA TIA testing, 2026 Dubai target) but the trade rolled over: ~$8 testing support, down ~33% since June 1, recovery base gone, CFO sold ~half his stake June 8, consolidation coverage marks sentiment… Earnings inflection · EV & autonomous mobility · Defense & aerospace analysed · KALV KalVista Pharmaceuticals, Inc. LOW Resolved cash takeout, not a live security: Chiesi's $27.00/share acquisition closed 2026-06-11, KALV delisted the same morning, Form 15-12G filed 2026-06-22, and Rule 12g-4 registration termination lands ~2026-09-20. The 2026-06-10 close… Earnings inflection · M&A & special situations · Rare disease & gene therapy catalyst · KOD Kodiak Sciences Inc LOW Binary-catalyst redemption arc now inside its final month: DAYBREAK wet-AMD one-year topline guided September 2026. Price keeps stepping down through good news — $42.64 (07-17) to $41.35 (08-14) to $38.33 (08-21), -17.5% from the $46.44… Earnings inflection · Binary-catalyst biotech · Precision biotech & therapeutics catalyst · KURA Kura Oncology, Inc. LOW The binary already fired: KOMZIFTI's 2025-11-13 approval and ~40% R/R NPM1 share are priced, and the $24–28 targets need a frontline Phase 3 that doesn't read until 2028. The tape is drifting — $10.39, lower third of the H1 range. A… Earnings inflection · Oncology & immunology · Precision biotech & therapeutics analysed · LOVE The Lovesac Company LOW The ~$17 reclaim failed: a $17.29 close on 2026-08-14 gave way to $16.07 on 2026-08-21, back under the 50-day at $16.79, while short interest decayed to 3.03M shares (28.35% of float) from ~4.05M on Jan–Mar data. The ~2026-09-10 Q2 FY27… Earnings inflection · Consumer discretionary rotation · Small-cap value rotation catalyst · LPRO Open Lending Corporation LOW Terminal, not fading: ANV's $3.15 all-cash tender expired 2026-07-27 with ~85.65% tendered, shares accepted 2026-07-28, §251(h) merger consummated 2026-07-30. Last public close $3.14 on 2026-07-29. As of 2026-08-23 nothing has reopened it… Earnings inflection · Fintech & consumer credit · M&A & special situations analysed · LQDA Liquidia Corporation LOW The prior break level triggered: LQDA closed the week at $68.62 on 2026-08-21, through the $70 July shelf and the 08-13 low close of $72.10, despite six post-print targets at $90–$111. Q2 sales grew +31% QoQ, but the re-rating leg is… Earnings inflection · Precision biotech & therapeutics · Binary-catalyst biotech analysed · MAZE Maze Therapeutics, Inc. LOW APOL1 kidney precision-medicine story intact, but the 2026-08-11 Q2 print emptied 2026 of catalysts: MZE782 PKU topline pushed to 2027 and CKD Phase 2 start to H1 2027, leaving only HORIZON's three 10–15 patient cohorts in… Earnings inflection · Precision biotech & therapeutics · Rare disease & gene therapy analysed · MESO Mesoblast Limited LOW Platform-inflection story re-accelerated on operational news rather than data: the 2026-08-17 last-patient-treated release for the 350-patient CLBP Phase 3 carried the ADR from $15.60 (08-14) to $17.00 (08-21), reclaiming the July shelf… Earnings inflection · Binary-catalyst biotech · Rare disease & gene therapy catalyst · MGM MGM RESORTS INTERNATIONAL LOW Take-private process went live: WSJ reported substantive Diller talks 2026-07-10, MGM seated a special committee mid-July, and the board reportedly views $48.30 as too low — so the trade is now a bump handicap, not a growth story. At… Earnings inflection · M&A & special situations · Prediction markets & betting catalyst · MKTX MarketAxess Holdings, Inc. LOW ICE's $167.00 all-cash agreement (signed 2026-07-30) has fully converted MKTX into a spread instrument, and the spread has drifted wider: $167.00 less the 2026-08-21 close of $162.11 leaves $4.89 gross against an H1 2027 guided close.… Earnings inflection · M&A & special situations · Prediction markets & betting catalyst · MMYT MakeMyTrip Limited LOW MakeMyTrip's mid-year recovery bounce has stalled: after reclaiming the 200-day near $55, MMYT rolled back to ~$49, below both the 50- and 200-day, straight into an August 3 Q1 FY2027 print where consensus models EPS down ~76% YoY on ~137x… Earnings inflection · Travel & leisure · Consumer discretionary rotation analysed · NUVL Nuvalent, Inc. LOW Closed, not pending: GSK completed the $124 all-cash acquisition on 2026-07-15 after 91.3% of shares were tendered by the 2026-07-14 expiry; trading was suspended 2026-07-15 and Form 25 delisting requested. No US-listed NUVL equity remains… Earnings inflection · Precision biotech & therapeutics · Oncology & immunology analysed · ODD ODDITY Tech Ltd. LOW Compounder narrative is dead (Q1 revenue -26%, first orders -50%) and the drift continued on no news at all: $14.12 on 2026-08-07 to $13.22 on 2026-08-21, now sitting on the $13 shelf. The 2026-09-09 pre-market Q2 print is the only dated… Earnings inflection · Consumer discretionary rotation · Precision biotech & therapeutics catalyst · OGN Organon & Co. LOW Deal-pinned arb, now purely regulatory: the $14.00 all-cash Sun Pharma offer was approved by holders 2026-07-23 and the 2026-08-21 close of $13.75 leaves $0.25, ~1.8% gross, into a stated early-2027 close. Upside is capped by contract; a… Earnings inflection · M&A & special situations · Precision biotech & therapeutics analysed · OLPX Olaplex Holdings, Inc. LOW Closed by event and now confirmed from the buyer's side: Henkel's all-cash takeout completed 2026-07-07 at $2.06 per share, Nasdaq delisting and a Form 15-12G followed, and Henkel's 2026-08-06 half-year report carries no brand-level… Earnings inflection · M&A & special situations · Managed care & health services catalyst · ORIC Oric Pharmaceuticals, Inc. LOW mCRPC PRC2 story de-risked as rinzimetostat enters registrational Phase 3 (Himalayas-1, 2026-07-14) with Bayer supplying NUBEQA and a J&J-backed enozertinib lung program behind it. But pivotal data is 2028+, so the only near-term mover is… Earnings inflection · Oncology & immunology · Binary-catalyst biotech catalyst · PANL Pangaea Logistics Solutions Ltd. LOW Dry-bulk recovery is in the P&L but not the tape: Q1 2026 (2026-05-11) adjusted EBITDA +70% YoY to $25.2M on $15,252/day TCE, yet the stock closed $7.42 on 2026-08-07, 20.1% under the $9.29 52-week high. The 2026-08-10 Q2 print is the… Earnings inflection · Freight & logistics · Small-cap value rotation catalyst · PAYO Payoneer Global Inc. LOW Pure merger-arb, now fully scheduled: HSR early termination granted 2026-07-28 and the 2026-08-11 definitive proxy set the shareholder vote for 2026-09-14, yet the 2026-08-14 close of $7.13 still sits $0.27 under Nuvei's $7.40 all-cash… Earnings inflection · M&A & special situations · Fintech & consumer credit catalyst · PEB Pebblebrook Hotel Trust LOW The 2026-07-29 binary resolved bullish — Q2 RevPAR +6.5%, AFFO $0.68, FY guide raised to $345–353M EBITDAre — and the stock still has not made a new high, closing 2026-08-14 at $18.25, 7.6% under the $19.75 high with RSI 35.3. Q3 guidance… Earnings inflection · Travel & leisure · Housing, homebuilders & proptech analysed · PESI Perma-Fix Environmental Services, Inc. LOW Binary resolved 2026-08-12 in two directions: the H2C master IDIQ is signed but issues no dollars before 2027-01-01, while Q2 printed a $2.5M gross loss and unalleviated going-concern doubt. No company release since 2026-08-12 and no dated… Earnings inflection · Nuclear & uranium · Binary-catalyst biotech analysed · PI Impinj, Inc. LOW Post-correction RAIN RFID recovery has extended to $138.37 (2026-07-17), holding the reclaimed $128 April gap-fill and pressing the $144.57 post-earnings high — but the entire near-term read is the 2026-07-29 Q2 print (guide $103–106M, EPS… Earnings inflection · Freight & logistics · Consumer discretionary rotation analysed · PLAY Dave & Buster's Entertainment, Inc. LOW Turnaround narrative dead since the 2026-06-15 comp miss (-5.4%, EPS $0.16 vs ~$0.598); CEO seat changed hands 2026-08-03 with CFO Darin Harper replacing Tarun Lal. Price stabilized off the $9.40 July low to $10.19 on 2026-08-14, RSI 47.5,… Earnings inflection · Consumer discretionary rotation catalyst · PLSE Pulse Biosciences, Inc fresh LOW Timeline-compression leg extended by broker coverage rather than new data: Needham initiated Buy with a $58 target on 2026-08-17 and price closed 2026-08-21 at $50.42, a fresh 52-week high with RSI 82.5, above three of four published… Earnings inflection · Medtech & diagnostics analysed · PLTK Playtika Holding Corp. LOW The control-premium bid is gone and the markdown extended: the 2026-08-21 weekly close of $2.37 took out the $2.51 shelf, RSI(14) 12.9, 44.4% under the $4.26 52-week high. The one new disclosure is financing rather than a sale — 2026-08-18… Earnings inflection · M&A & special situations · Consumer discretionary rotation analysed · PYPL PayPal Holdings, Inc. LOW Bid became negotiation: WSJ (2026-08-14) reports Stripe/Advent in active talks and weighing a raise over the rejected $60.50 offer, while the 2026-07-28 Q2 beat (EPS $1.38 vs $1.28) and a raised FY26 guide lifted standalone value. At… Earnings inflection · Fintech & consumer credit analysed · QDEL QuidelOrtho Corporation LOW Deal-rumor leg fully retraced and still unresolved: the 2026-08-06 cut (FY26 adj EPS to $0.65–0.90 from $1.80–2.00, FCF guide withdrawn) took price back to the $13.79 pre-rumor shelf, and the $14.74 close of 2026-08-21 is drift on no… Earnings inflection · Medtech & diagnostics · Semi foundry & equipment analysed · QRVO Qorvo, Inc. LOW US antitrust cleared 2026-08-01 and Skyworks' post-print recovery to $69.62 lifted implied consideration to $99.33 (0.960 SWKS + $32.50 cash) against QRVO's $98.11 close — about 1.2% gross for underwriting China's SAMR and Korea's KFTC,… Earnings inflection · AI chips & memory analysed · QURE uniQure N.V. LOW FDA's 2026-06-17 reversal put AMT-130 on an accelerated-approval path with a Q3 2026 BLA — the narrative is genuinely repaired, but the move is spent: $40.25 (7/17) sits below the $45.50 June offering price with the CEO selling into it on… Earnings inflection · Precision biotech & therapeutics · Rare disease & gene therapy catalyst · RAMP LiveRamp Holdings, Inc. LOW Shareholder gate cleared 2026-08-17: 51,578,202 shares voted to adopt versus 60,073 against, leaving CFIUS, HSR and non-US clearances as the only unconfirmed conditions on Publicis' $38.50 cash offer. The 2026-08-21 close of $37.58 sits… Earnings inflection · M&A & special situations · AI enterprise software analysed · RARE Ultragenyx Pharmaceutical Inc. LOW The +50% June reset rally round-tripped from ~$33.46 to $28.62 (2026-07-21), parking price back on the breakout shelf ahead of two binary FDA decisions: DTX401 (GSD Ia) PDUFA Aug 23 and UX111 (Sanfilippo A) PDUFA Sep 19. The July 30 Q2… Earnings inflection · Rare disease & gene therapy · Binary-catalyst biotech catalyst · RBLX Roblox Corporation LOW Broken growth compounder: the age-verification rollout throttled DAUs and forced FY26 bookings guidance down to +8-12%; stock is -66% from its $150 high and below the 200-day. The 2026-07-30 Q2 print is the binary — it needs a DAU… Earnings inflection · Consumer discretionary rotation · AI enterprise software catalyst · REAX The Real Brokerage, Inc. fresh LOW Hypergrowth brokerage story has decelerated (Q1 rev +32% vs 70%+ historically, a forecast miss) and the stock sits near 52-week lows after the $880M RE/MAX deal spooked investors on dilution. The read is now a binary consolidation bet, not… Earnings inflection · M&A & special situations catalyst · RIVN Rivian Automotive, Inc. LOW The 2026-07-30 binary resolved bullish — revenue $1.658B (+27% YoY), FY delivery guide raised to 65,000–70,000 — and the market gave the entire 2026-07-31 pop back, closing 2026-08-14 at $15.36, under the $15.50 July offering price.… Earnings inflection · EV & autonomous mobility analysed · RLMD Relmada Therapeutics, Inc. LOW The level this coverage was framed around broke: the 2026-08-21 weekly close of $4.63 is under the $4.75 March PIPE strike, and it broke on no disclosure. With the 2026 clinical calendar emptied on the 2026-08-06 call, what remains is a… Earnings inflection · Oncology & immunology · Binary-catalyst biotech analysed · RLYB Rallybio Corporation LOW No new filing since the 2026-08-06 10-Q: as of 2026-08-23 the 2026-07-15 S-4 is still not effective, with no record date or meeting date set. The 2026-08-21 close of $16.83 sits ~7% above the ~$15.68/share implied by the S-4's $83.2M Net… Earnings inflection · M&A & special situations · Precision biotech & therapeutics analysed · RPAY Repay Holdings Corporation LOW The bid discount narrowed on an operating headline: the close ran $3.66 (2026-08-14) to $4.01 (2026-08-21) after REPAY joined Visa Platform Connect on 2026-08-19, leaving Forager's rejected $5.25 cash proposal ~31% above the tape with no… Earnings inflection · M&A & special situations · Fintech & consumer credit analysed · RZLT Rezolute, Inc. LOW A 10.7% week to $5.09 on 2026-08-21 with zero company news since the 2026-07-21 conference notice — the bid arrived via Friday-gainer screens, not a disclosure. The 2026-06-02 upLIFT interim (6 of 8 responders) is still the entire story,… Earnings inflection · Binary-catalyst biotech · Rare disease & gene therapy catalyst · SAFT Safety Insurance Group, Inc. LOW Mapfre's $105.00 all-cash deal (signed 2026-07-23) has pinned the tape: the 2026-08-14 close of $103.35 leaves ~1.6% gross to the contract price, down from ~4.6% on 2026-07-24, with no publicly reported approval milestone in between. The… Earnings inflection · Fintech & consumer credit analysed · SANA Sana Biotechnology, Inc. LOW Type-1-diabetes functional-cure narrative: UP421's no-immunosuppression islet transplant is still producing insulin at 14 months (n=1), de-risking SC451's IND guided "as early as 2026." Rare-disease cell therapy is accelerating, but the… Earnings inflection · Rare disease & gene therapy · Binary-catalyst biotech catalyst · SEER Seer, Inc. LOW The take-private ladder has stalled into a stand-off: the $2.55 Radoff-JEC bid lapsed unanswered on 2026-08-10, and the group's 2026-08-13 release demanding the board disclose an evaluation timeline has drawn no company reply through the… Earnings inflection · M&A & special situations · Medtech & diagnostics analysed · SLDB Solid Biosciences Inc. LOW Post-Sarepta DMD vacuum trade now in a waiting phase: the guided mid-2026 accelerated-approval update never landed — the 2026-08-06 Q2 release moved the FDA meeting to late Q4 2026 while INSPIRE dosing grew to 53 (as of 2026-08-04). Price… Earnings inflection · Rare disease & gene therapy · Binary-catalyst biotech analysed · SMMT Summit Therapeutics Inc. LOW Two positive headlines on 2026-08-12 — Akeso's third China approval and a Leerink upgrade — left the stock lower: the 2026-08-21 close of $13.16 sits under the 2026-08-14 close and just above the $12.55 52-week low. The dated binary is the… Earnings inflection · Binary-catalyst biotech · Precision biotech & therapeutics catalyst · SMTI Sanara MedTech Inc. LOW Merger-arb instrument since MIMEDX's 2026-07-29 agreement ($33.00 cash + 0.4735 MDXG per share). The 2026-08-11 Form 425 disclosed a 2027-07-29 outside date, a $22.5M reverse termination fee and 38.9% voting lock-up; at the $34.45 close… Earnings inflection · Medtech & diagnostics · M&A & special situations analysed · SPRY ARS Pharmaceuticals, Inc. LOW Single-product epinephrine name whose one catalyst — a July no-prior-auth formulary add for neffy — came and went unpaid; the stock has since broken its old $6.66 52-week low to fresh lows near $6. The neffy ramp is real but the access… Earnings inflection · Precision biotech & therapeutics · Space economy analysed · STAA STAAR Surgical Company LOW Structure broken, no dated catalyst before the ~2026-10-07 pre-release window. Earnings inflection · Medtech & diagnostics · Semi foundry & equipment analysed · STM STMicroelectronics N.V. LOW The June AI-data-center re-rating has failed its retest: $62.06 on 2026-07-17 is -22% from the 2026-06-22 high of $79.82 and back under the early-June breakout base, with a $1.5B convertible overhang and a 7% selloff that ignored a BofA… Earnings inflection · Analog semiconductors · AI datacenter infrastructure catalyst · STRO Sutro Biopharma, Inc. LOW Single-asset binary now inside its own catalyst window: the STRO-004 (DAR8 Tissue Factor exatecan ADC) Phase 1 readout was guided "mid-2026" and that window is expiring undated. Price has gone flat at ~$29.7 for four weeks after the June… Earnings inflection · Binary-catalyst biotech · Oncology & immunology analysed · SYNA Synaptics Incorporated LOW Standalone story ended at the 2026-06-25 all-stock takeout; The week to 2026-08-21 proved it — ON -10.2%, SYNA -10.1%, discount still ~2.5% (1.350 x $74.21 = $100.18 vs $97.66). The S-4 filed 2026-08-21 puts the vote on the clock and… Earnings inflection · M&A & special situations · Analog semiconductors catalyst · TBRG TruBridge, Inc. LOW Closed and now formally deregistered: the IKS Health merger became effective 2026-07-09 at $26.25/share cash, Form 25 filed the same day, Form 15-12G on 2026-07-24. The adjusted series ends 2026-07-08 at $26.24. A screen still surfacing… Earnings inflection · M&A & special situations · Managed care & health services analysed · TECH Bio-Techne Corp LOW Closed merger-arb pinned $0.60 under Merck KGaA's $73.00 all-cash bid — 2026-08-14 close $72.40, also the 52-week high. Q4 printed 08-12 with no call and no FY27 guidance; Wells Fargo folded to a $73 target on 08-13. Coverage is fully… Earnings inflection · Medtech & diagnostics · Precision biotech & therapeutics analysed · TENX Tenax Therapeutics, Inc. LOW Phase 3 binary resolved negative: LEVEL missed its primary (6MWD +3.5m, p=0.63) and key secondary on 2026-08-10; four desks cut within 24h and the target band went from $27–$50 to $4–$5. Narrative is dead. What is left is a balance-sheet… Earnings inflection · Binary-catalyst biotech · Precision biotech & therapeutics catalyst · TLRY Tilray Brands, Inc. LOW Reform binary spent without resolving: the DEA hearing closed 2026-07-15 with only a 2026-08-17 briefing deadline and no ALJ timeline, so Schedule III is now an open-ended administrative process. TLRY printed a fresh 52-week low of $4.20… Earnings inflection · Cannabis reclassification · Bitcoin miners catalyst · TMC TMC the metals company Inc. LOW The deep-sea-mining reshoring leg is broken: TMC has cut through the $3.93 prior 52-week low to a fresh $3.57 low near $3.74, roughly -67% from the $11.35 high, with no bid and no near-term catalyst. The decisive NOAA license decision is… Earnings inflection · Critical materials & rare earths · Bitcoin miners catalyst · TSHA Taysha Gene Therapies, Inc. LOW Clinical binary printed clean (2026-06-22: 100% milestone response N=12, zero treatment-related SAEs) but the next catalyst slipped to H1 2027 — pivotal six-month interim AND FDA BLA-pathway feedback both guided to the first half of next… Earnings inflection · Rare disease & gene therapy · Precision biotech & therapeutics analysed · UI Ubiquiti Inc. LOW Broken parabola gone flat: six weeks of $530–$570 chop after the May 8 print (GM 47.0%, rev +18.7%, but EPS $3.88 vs ~$4.42 whisper) with zero scheduled catalyst until the Q4 FY26 report on 2026-08-21. Fundamentals intact, tape dead,… Earnings inflection · Networking & optical · Squeeze & momentum setups catalyst · USO United States Oil Fund, LP LOW Hormuz has been shut since late February and USO still closed 2026-08-14 at $126.60, 17.2% under its $152.96 high — the market has stopped paying for escalation. The 2026-08-12 EIA +17.423M bbl build and OPEC's demand-growth cut to 580K… Earnings inflection · Oil, energy & geopolitical · Freight & logistics catalyst · UTZ Utz Brands, Inc. LOW Event fired and fully priced: the 2026-08-14 close of $14.17 sits $0.08 under Intersnack's $14.25 all-cash offer, and the 2026-08-05 Q2 miss moved nothing. What remains is a sub-1% gross spread to a company-guided Q4 2026 close against a… Earnings inflection · Consumer discretionary rotation analysed · VECO Veeco Instruments Inc. LOW Merger-arb tracking stock for Axcelis: fixed 0.3575 ACLS/VECO, both votes cleared 2026-02-06, only China SAMR remains before the 2026-09-30 outside date. ACLS's slide to ~$134 de-pegged VECO to a premium over the exchange ratio (~$48) —… Earnings inflection · M&A & special situations · Semi foundry & equipment analysed · VERI Veritone, Inc. LOW Enterprise-AI growth story broken: FY2026 revenue guide cut ~23% at the midpoint to $100–115M on 2026-08-13 vs $135.032M consensus, ARR flat at $62.0M. What is left is a refinancing binary — $45.6M of 1.75% converts mature 2026-11-15… Earnings inflection · AI enterprise software · AI datacenter infrastructure analysed · VIR Vir Biotechnology, Inc. LOW Q2 (2026-08-05) printed $238.9M revenue and $0.47 diluted EPS on Astellas upfront recognition — an accounting swing, and the tape read it as one: $9.24 on 2026-08-14, still under the $10.36 Astellas equity strike, with Morgan Stanley and… Earnings inflection · Binary-catalyst biotech · Oncology & immunology analysed · VKTX Viking Therapeutics, Inc. LOW The ~$34 line from July gave way — $33.19 close on 2026-08-14, -21.2% from the $42.13 high. Only company-guided 2026 event left is the VK2735 maintenance-dose readout (3Q26); pivotal VANQUISH topline is 2027. JPMorgan cut its target to $65… Earnings inflection · Precision biotech & therapeutics analysed · VREX Varex Imaging Corporation fresh LOW Signed all-cash takeout: Teledyne agreed on 2026-08-10 to buy Varex at $18.90/share (~$1.1B). The 2026-08-14 close of $18.49 leaves roughly $0.41 of gross gap into a closing guided for early calendar 2027 with a 2027-05-10 outside date.… Earnings inflection · Medtech & diagnostics analysed · VRNS Varonis Systems, Inc. LOW Take-private leg is aging without confirmation: two months after the 2026-06-23 Bloomberg report there is no bidder, price or 13D, an unexplained 9.3% mid-August pop round-tripped inside six sessions, and the 2026-08-21 close of $41.23… Earnings inflection · Cybersecurity · AI datacenter infrastructure catalyst · VSH Vishay Intertechnology, Inc. LOW Cycle-turn re-rate has fully round-tripped: down ~46% from $69.47 to the high-$30s, now under the $50 June placement and below every covering analyst's target. Q1's 1.34 book-to-bill and $1.6B backlog were real but sit at ~35x forward into… Earnings inflection · Industrial power & grid catalyst · WDAY Workday, Inc. LOW The 2026-08-27 Q2 FY27 print — cRPO against a guided 13.5–14.5% band — is the binary that lands first. Earnings inflection · AI enterprise software catalyst · WGS GeneDx Holdings Corp. fresh LOW Busted-growth genomics name; the recovery off the −49% May guide-cut crash has stalled in the low-$60s, below the $74.83 200-day. The confirmed Aug 3 Q2 print (blended ARR vs the ~$3,300 baseline) is the binary — the same day as the… Earnings inflection · Medtech & diagnostics analysed · WING Wingstop Inc. LOW Two analyst target cuts in ten days (Wells Fargo to $170, DA Davidson to $200) into the 2026-07-29 Q2 print signal de-risking ahead of the H2 comp-turn binary; a ~50% relief bounce off the $116.35 low is unproven, and the print — not… Earnings inflection · Consumer discretionary rotation · Managed care & health services analysed · XENE Xenon Pharmaceuticals Inc. LOW Q2 (2026-08-06) cleared the last procedural gate — FDA pre-NDA meeting completed, azetukalner FOS NDA still guided to Q3 2026, cash $1,245.1M — and the stock still closed 2026-08-14 at $62.35, 12.1% below the $70.96 July high with RSI… Earnings inflection · Precision biotech & therapeutics · Binary-catalyst biotech analysed · YSS York Space Systems Inc. LOW Roll-up/defense-growth leg is broken: the 2026-08-13 FY26 guide cut to $375–405M from $545–595M (vs $560.341M consensus) is the first company-sourced confirmation the revenue base moved. Close $10.93 on 2026-08-14, -54.5% over 3m, RSI… Earnings inflection · Space economy analysed · ZS Zscaler, Inc. LOW Post-crash recovery leg is complete: the 2026-05-27 gap-down (~31.5% on a 16–17% FY27 growth frame) has been fully retraced to $181.75 (2026-08-21) with RSI 71.5, and six houses marked targets to $200–225 between 08-17 and 08-21 on no new… Earnings inflection · Cybersecurity · AI datacenter infrastructure catalyst · ZVRA Zevra Therapeutics, Inc. LOW The June patent re-rating fully reversed: EMA's CHMP issued a negative opinion on arimoclomol's EU application 2026-07-24 (efficacy not proven), and ZVRA gapped ~24% to the high-$9s, cutting through the $11.50 base. EU expansion is now… Earnings inflection · Rare disease & gene therapy · Binary-catalyst biotech analysed ·