Gapping up
In reaction to earnings/guidance:
- PD +13.6%, SIG +8.5%, EDR +7.4%, WSM +7.3% (also announces 10% dividend increase; $1.5 bln share buyback authorization), BAK +7%, ACN +5.1%, SMTC +4.1%, GIII +3.4%, DG +3.3%, BRLT +2.5%, GES +2.3% (also expands buyback auth by $100 mln; intends to enter into a $175 mln ASR; also CFO is stepping down), STLD +1.3%
Other news:
- NETI +7.5% (signs new contract for wind turbine operation and maintenance)
- HLX +3.8% (receives contract extension for decommissioning project in Brazil)
- FSM +3.3% (reports updated Mineral Reserves and Mineral Resources)
- DFH +1.8% (stock offering)
Analyst comments:
- QURE +4.5% (upgraded to Buy from Neutral at UBS)
- LLNW +4.1% (upgraded to Outperform from Market Perform at Cowen)
- DEO +2.1% (upgraded to Overweight from Neutral at JP Morgan)
- RL +1.9% (upgraded to Overweight from Neutral at JP Morgan)