Gapping up
In reaction to strong earnings/guidance: MG +12.7%, CALD +12.2%, ATEC +11.9%, ADTN +8.4% (light volume), ZEP +5.1% (light volume), AA +3%.
M&A news: MW +32.2% JOSB +12.5% (Jos. A. Bank confirms proposal to acquire Men's Wearhouse for $48 per share in cash), STP +11.8% (Suntech Power gapping up 12% on reports of potential bids), HRB +-5.7% (Republic Bancorp disclosed it is withdrawing application to merge with H&R Block).
Select financial related names showing strength: IRE +3.0%, NBG +2.9%, DB +1.9%, SAN +1.8%, BCS +1.2%, GS +0.5% (Berkshire Hathaway disclosed 2.8% passive stake in amended 13G filing out last night after the close; filed to report that it has ceased to be the beneficial owner of more than 5%) .
Select China internet stocks trading higher: YY +3.1%, DANG +2.5%, RENN +1.9%, QIHU +1.5%.
A few India related names are trading higher (India Sept Trade Balance registers its lowest deficit in 2 1/2 years): INFY +4.3%, HDB +3.2%, TTM +1.6%,
Other news: CGEN +3.7% (drug candidate demonstrates high effectiveness in Type I Diabetes Animal Model), DRYS +3.2% (still checking), JCP +3% (J. C. Penney announces Saks (SKS) Chairman/CEO Stephen Sadove to join Board of Directors), KYTH +2.8% (Kythera Biopharma prices 2,622,950 shares of common stock at $45.75 per share), VVUS +2.7% (announced Qsymia shown to reduce progression to Type 2 diabetes in high-risk overweight or obese patients), GAIN +2.2% ( increases monthly distribution 20% to $0.06 from $0.05 per share ), ORCL +1.9% (still checking), TSL +1.8% (up with STP), S +1.1% (announces consent solicitations by its subsidiaries, Clearwire Communications and Clearwire Finance, with respect to their 14.75% senior secured notes due 2016 and 8.25% exchangeable notes due 2040), AAPL +1% (Apple will have an iPad event on Oct 22, according to reports), TOT +0.9% (still checking), CCI +0.8% ( AT&T (T) is close to tower sale to CCI for $5 bln, according to reports ), AMD +0.8% (NVIDIA offers price cuts to compete with AMD, according to reports ), NSRGY +0.3% (Nestle is considering plans to sell Jenny Craig, according to reports).
Analyst comments: KORS +2.1% (upgraded to Overweight from Neutral at Piper Jaffray), XONE +0.6% ( initiated with a Buy at Janney; tgt $70)