Diamonds and Dogs
Exact Sciences (EXAS) is soaring 20% following earnings. The maker of a colon cancer test reported financial results that beat across the board. The company also raised guidance for their demand for the Cologuard tests which the analyst at Cowen believes may be conservative. The Cowen analyst indicated his $30 price target may be conservative.
AAL American Airlines (AAL) is down 7% after beating earnings estimates on in-line sales of $9.62 billion. The blame for the stock being lower is due to an unprecedented step to increase hourly base pay for the airline's crewmembers outside of contract negotiations, bringing those work groups' base pay levels to the top of the industry, consistent with other American Airlines workgroups.
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