>>> US Gapping up

Gapping up
In reaction to strong earnings/guidance
: PNC +10.7%, FCAU +1.6%, (reported Dec EU sales), OZRK +1.4%, RNDY +1%, INTC +0.4%

Select Brazil related names showing strength: GOL +3.6%, PBR +2.3%, ITUB +1.7%, CPL +1.3%, BBD +1.2%, BUD +1.1%


Select oil/gas related names showing strength: DO +3.4%, STO +2.1%, SDRL +1.8%, RIG +1.2%, TOT +1.1%, RDS.A +0.7%

Other news: RVP +29.6% (settlement with Becton Dickinson (BDX) surrounding syringes), EOPN +11.7% (WSJ reporting co is working with Bank of America to find a buyer following stock price declines), DEPO +6.5% (entered into a definitive agreement to acquire the U.S. rights to the NUCYNTA franchise from Janssen Pharmaceuticals, Inc. for $1.05 bln), PIP +4.2% (PharmAthene announced that the Delaware Court of Chancery has entered its Final Order and Judgment in the co's litigation against SIGA Technologies (SIGA); the Court's judgment against SIGA totaled ~$194.65 mln ), BP +3.7% (reports of court ruling on 2010 pollution violations), VSTM +2.5% (announces publication of scientific data for VS-5584 in Cancer Research), WLH +2.1% (entered into an agreement with Stearns Lending, LLC, to form William Lyon Mortgage, LLC, a limited liability company that will offer an array of mortgage banking services), HCT +1.8% (shareholders approve merger with Ventas (VTR)), RCPT +1.8% (favorable commentary on Thursday's Mad Money), RRC +1.6% (announces updated 2015 capital budget of $860 mln targeting production growth of 20% YoY, Early Commissioning of Mariner East Propane Pipeline and 2014 YoY Production growth of ~24%), TERP +1.6% (prices 12 mln shares of common stock at $29.33 per share), NYNY +1.4% (announced that Kien Huat Realty III Limited exercised the basic subscription rights), ENTA +0.5% (confirms that the European Commission has granted marketing authorizations for AbbVie's (ABBV) VIEKIRAX)

Analyst comments: TUBE +4.9% (upgraded to Outperform at RBC Capital Mkts), ERJ +2.8% (upgraded to Outperform at Itau), NFLX +1.1% (upgraded to Outperform from Market Perform at Cowen), APC +1.1% (upgraded to Overweight from Neutral at Atlantic Equities), GRUB +0.8% (initiated with a Buy at Stifel), BHP +0.6% (upgraded to Buy at Canaccord Genuity)