Gapping up
In reaction to earnings/guidance:
- BILI +10.4%, BZUN +4.3%, MCHP +2% (reiterates guidance)
Select rail stocks showing strength after reports President Biden wants Congress to pass legislation immediately to adopt the tentative agreement between railroad workers and operators:
- CNI +1.4%, CP +1.3% (also upgraded to Buy from Hold at Deutsche Bank) NSC +0.8%, UNP +0.7%.
Other news:
- APEN +63.2% pollo Endosurgery to be acquired by Boston Scientific (BSX) for $10 per share)
- BIDU +6.1% (to build world's largest fully driverless ride-hailing service area in 2023)
- NXST +5.7% (replacing SABR in S&P MidCap 400)
- SABR +2.9% (replacing FBC in S&P SmallCap 600)
- BIGC +2.8% (merchant GMV increased 31% on Black Friday)
- NUS +2.7% (replacing PBF in the S&P SmallCap 600)
- BNGO +1.5% (to acquire Purigen Biosystems)
Analyst comments:
- UPS +1.8% (upgraded to Buy from Hold at Deutsche Bank)