Gapping up
In reaction to strong earnings/guidance: MODN +27.7%, ISSC +14.8%, (light volume), MERU +8%, HUN +6.6% (light volume), MGI +6.1% (also Vodafone and MoneyGram Global Agreement; Moneygram announces organizational changes to support strategic goals; appoints W. Alexander Holmes COO in addition to current role as CFO), S +5.3%, SYUT +5.1%, (light volume), SSNI+4.1% (also co confirmed CEPT outcome to free up additional radio spectrum in Europe), TARO +3.7%, CGEN +3.7%, OMC +3.6%, RICK +3.5% (light volume), ALLT +3.4%, (light volume), CAP +3.1% (light volume), PRI +2.9%, CVS +2%, REGN +1.6%, CYS +1.3%, FTK +1.3%, (light volume), RDY +1.3%, (light volume), ETR +0.8% (light volume), LPLA +0.5%, MOH +0.4% (light volume).
M&A news: CADX +26.5% ( Mallinckrodt plc to acquire Cadence Pharmaceuticals, inc. for $14.00 per share, in cash ).
Metals/mining stocks trading higher: AUY +2.6%, IAG +2.4%, AG +2.4%, GOLD +2.2%, EGO +2.2%, SLW +2.1%, GG +2.1%, BHP +1.9%, VALE +1.7%, GFI +1.6%, AU +1.3%, RIO +1.1%, SLV +0.8%, BBL +0.7%, MT +0.7%, GLD +0.7%.
Select oil/gas related names showing strength: CEO +4.5%, PBR +1.8%, BP +1.5%, RDS.A +1.3%, RIG +1.3%.
Other news: AXLL +7.6% (Axiall and Lotte Chemical sign preliminary agreement to partner on proposed ethane cracker in Louisana), OGXI +7.5% (announces pre-specified number of events required for final analysis of the Phase 3 SYNERGY trial has been reached), INVN +7.3% (InvenSense and STMicroelectronics announce settlement of pending patent litigation), SLCA +4.2% ( Set to Join the S&P SmallCap 600), CALL +3.4% (continued strength on Whitney Tilson comments), PLUG +3.4% (continued strength), JKS +3.2% (still checking), GTAT +2.7% (still checking), PSTI +2.5% (Medical Key Opinion Leaders in Preeclampsia Join Pluristem's Steering Committee), SODA +2.1% (still checking), HOLX +1.8% (President & CEO discloses purchase of 198.9K shares at $20.615-20.95, worth $4.1 mln ), TSLA +1.8% (continued strength despite reports that Car dealers in Ohio are requesting legislation to block TSLA from sales in the State, according to reports out yesterday afternoon), SAP +1.7% (still checking), YOD +1.4% (following yesterday's 60% move higher), RLD +0.9% (disclosed Jan estimated box office on RealD-Enabled Screens), FB +0.7% (FT discusses that Facebookand others want mobile operators to give special access to its content), NFLX +0.4% (Netflix speed indicators show slowdown at Verizon, according to reports), ICLD +0.3% (following yesterday's 20% move higher).
Analyst comments: RNA +7.7% (upgraded to Outperform from Neutral at Wedbush), BURL +2.3% (upgraded to Overweight from Equal Weight at Morgan Stanley), AA +1.3% (tgt to $15 from $12 at Goldman), STLD +1.2% (upgraded to Buy from Neutral at BofA/Merrill), T +0.5% (initiated with a Buy at Drexel Hamilton),
M&A news: CADX +26.5% ( Mallinckrodt plc to acquire Cadence Pharmaceuticals, inc. for $14.00 per share, in cash ).
Metals/mining stocks trading higher: AUY +2.6%, IAG +2.4%, AG +2.4%, GOLD +2.2%, EGO +2.2%, SLW +2.1%, GG +2.1%, BHP +1.9%, VALE +1.7%, GFI +1.6%, AU +1.3%, RIO +1.1%, SLV +0.8%, BBL +0.7%, MT +0.7%, GLD +0.7%.
Select oil/gas related names showing strength: CEO +4.5%, PBR +1.8%, BP +1.5%, RDS.A +1.3%, RIG +1.3%.
Other news: AXLL +7.6% (Axiall and Lotte Chemical sign preliminary agreement to partner on proposed ethane cracker in Louisana), OGXI +7.5% (announces pre-specified number of events required for final analysis of the Phase 3 SYNERGY trial has been reached), INVN +7.3% (InvenSense and STMicroelectronics announce settlement of pending patent litigation), SLCA +4.2% ( Set to Join the S&P SmallCap 600), CALL +3.4% (continued strength on Whitney Tilson comments), PLUG +3.4% (continued strength), JKS +3.2% (still checking), GTAT +2.7% (still checking), PSTI +2.5% (Medical Key Opinion Leaders in Preeclampsia Join Pluristem's Steering Committee), SODA +2.1% (still checking), HOLX +1.8% (President & CEO discloses purchase of 198.9K shares at $20.615-20.95, worth $4.1 mln ), TSLA +1.8% (continued strength despite reports that Car dealers in Ohio are requesting legislation to block TSLA from sales in the State, according to reports out yesterday afternoon), SAP +1.7% (still checking), YOD +1.4% (following yesterday's 60% move higher), RLD +0.9% (disclosed Jan estimated box office on RealD-Enabled Screens), FB +0.7% (FT discusses that Facebookand others want mobile operators to give special access to its content), NFLX +0.4% (Netflix speed indicators show slowdown at Verizon, according to reports), ICLD +0.3% (following yesterday's 20% move higher).
Analyst comments: RNA +7.7% (upgraded to Outperform from Neutral at Wedbush), BURL +2.3% (upgraded to Overweight from Equal Weight at Morgan Stanley), AA +1.3% (tgt to $15 from $12 at Goldman), STLD +1.2% (upgraded to Buy from Neutral at BofA/Merrill), T +0.5% (initiated with a Buy at Drexel Hamilton),