COHR

Outperforming without a clear catalyst yet

• COHR +5.59% on the last session vs SPY +0.74%: +4.9 pts of stock-specific move.
• Aftermath, big gain (Oct 1): After its 76 big gains in the past 5 years, COHR typically gained 6.2% over the next month (median) and was higher 63% of the time; half the outcomes fell between -7.8% and +15.0%. An ordinary month: +4.2%. Among S&P 500 stocks after big gains, that ranks #87 of 500.
• 0 Reddit mentions in the past 24 hours, 67% positive over the week.
• 1 analyst action in the past 10 days (0 positive, 0 negative); latest: Bernstein started coverage at Outperform, target $350.
• 2 insider or congressional trades in the past 30 days, including 2 insider sales not under a 10b5-1 plan.
• Market backdrop (Fri): Average Hourly Earnings m/m 0.1% vs 0.3% expected (cooler); Non-Farm Employment Change 29K vs 89K expected (weaker); S&P futures +0.41%, 10-year yield -5bp in the 30 minutes after.