Gapping up
In reaction to strong earnings/guidance: MYGN +15.9% (plans to acquire Crescendo Bioscience for $270 mln in cash which will be reduced by $25 mln for the repayment of a loan made to Crescendo and customary adjustments in accordance with the acquisition agreement; acquisition to be accretive to earnings beginning in fiscal year 2016), DATA +14.6%, USNA +13.1%, RL +7%, GIMO+6.8%, LVLT +6.7%, ARMK +6% (ticking higher), OCLR +5.6%, BBSI +5% (light volume), GNW +4.4%, CKSW +4.3% (light volume), NANO +3.6%, MRK +2.2%, GSK +1.8%, ACLS +1.2% (light volume), AFL +0.9%, CERN +0.7% (light volume), EL +0.7%, BWLD +0.6%.
M&A news: NATL +8.3% (American Financial Group to acquire NATL for $28.00/share in cash without interest; commences tender offer for stake).
A few financial related names showing strength: NBG +6.3%, ING +2.7%, DB +1.2%, BBVA +1.1% (upgraded to Overweight from Neutral at HSBC).
Select metals/mining stocks trading higher: MT +1.6% (upgraded to Overweight from Neutral at HSBC Securities ), IAG +1.4%, ABX +1.3%, NEM +1% (CEO says he has no plans to issue equity to pay down debt; no acquisitions pending; still opportunities to sell non-core assets - Reuters ), VALE +0.8% (Vale upgraded to Overweight from Equal Weight at Morgan Stanley), .
Other news: SEV +34.2% (Sevcon entures joint-venture agreement with Chinese Tier 1 auto supplier), WPCS +10.1% (continued strength), OMER +9.3% (FDA grants Fast Track designation to Omeros' OMS824 Huntington's disease program), IDIX +8.5% (Baupost Group discloses 35.38% active stake in amended 13D filing; reports purchase of ~16.4 mln shares), SWIR +4.5% (still checking), CALL +3.5% (announced dismissal of class action lawsuit), RYAAY +3.3% (still checking), INCY +1.7% (Merck signs clinical collaboration agreements to evaluate novel combination regimens with MK-3475 ), TM +1.5% (still checking), PCAR +1.2% (following late move higher that was attributed to Class 8 trucking data; also upgraded at Baird), MMM +1% (authorizes $12 bln share repurchase program), GOOG +1% (EU Commission obtains from Google comparable display of specialised search rivals; tgt to $1500 from $1350 at Bernstein), NUS +0.9% (following USNA results), YELP +0.8% (favorable commentary on Mad Money - Cramer suggested that MSFT could look to purchase a company like YELP or other cloud names), TSLA +0.4% (WantChinaTimes discusses comments from Elon Musk that China will be second largest market for Tesla electric vehicles).
Analyst comments: AGNC +1.4% ( upgraded to Overweight from Neutral at JPMorgan), CNC +0.5% (upgraded to Neutral from Sell at Citigroup )
M&A news: NATL +8.3% (American Financial Group to acquire NATL for $28.00/share in cash without interest; commences tender offer for stake).
A few financial related names showing strength: NBG +6.3%, ING +2.7%, DB +1.2%, BBVA +1.1% (upgraded to Overweight from Neutral at HSBC).
Select metals/mining stocks trading higher: MT +1.6% (upgraded to Overweight from Neutral at HSBC Securities ), IAG +1.4%, ABX +1.3%, NEM +1% (CEO says he has no plans to issue equity to pay down debt; no acquisitions pending; still opportunities to sell non-core assets - Reuters ), VALE +0.8% (Vale upgraded to Overweight from Equal Weight at Morgan Stanley), .
Other news: SEV +34.2% (Sevcon entures joint-venture agreement with Chinese Tier 1 auto supplier), WPCS +10.1% (continued strength), OMER +9.3% (FDA grants Fast Track designation to Omeros' OMS824 Huntington's disease program), IDIX +8.5% (Baupost Group discloses 35.38% active stake in amended 13D filing; reports purchase of ~16.4 mln shares), SWIR +4.5% (still checking), CALL +3.5% (announced dismissal of class action lawsuit), RYAAY +3.3% (still checking), INCY +1.7% (Merck signs clinical collaboration agreements to evaluate novel combination regimens with MK-3475 ), TM +1.5% (still checking), PCAR +1.2% (following late move higher that was attributed to Class 8 trucking data; also upgraded at Baird), MMM +1% (authorizes $12 bln share repurchase program), GOOG +1% (EU Commission obtains from Google comparable display of specialised search rivals; tgt to $1500 from $1350 at Bernstein), NUS +0.9% (following USNA results), YELP +0.8% (favorable commentary on Mad Money - Cramer suggested that MSFT could look to purchase a company like YELP or other cloud names), TSLA +0.4% (WantChinaTimes discusses comments from Elon Musk that China will be second largest market for Tesla electric vehicles).
Analyst comments: AGNC +1.4% ( upgraded to Overweight from Neutral at JPMorgan), CNC +0.5% (upgraded to Neutral from Sell at Citigroup )