Gapping up
In reaction to strong earnings/guidance:
- NEM +1.6% (updates 2020 guidance and long-term outlook)
M&A news:
- PACB +3.7% (mutually terminates merger agreement with ILMN)
Select metals/mining stocks trading higher:
- HMY +5.1%, IAG +4.6%, AUY +3.1%, AU +3.1%, GOLD +2.3%, GFI +1.8%, GDX +1.7%, GLD +1.2%,
Select oil/gas related names showing strength:
- USO +3.7%, MRO +3.6%, HAL +2.3%, SLB +1.8%, XOM +1.3%, XLE +1.2%, CVX +0.9%
Other news:
- ACOR +12.2% (Point72 increases passive stake to 9.8%)
- DBVT +1.3% (names Ramzi Benamar as CFO)
Analyst comments:
- VAL +3.6% (upgraded to Buy from Hold at Fearnley)
- LB +2.1% (upgraded to Buy from Neutral at BofA/Merrill)
- SYNA +1.1% (upgraded to Overweight from Sector Weight at KeyBanc Capital Markets)