Gapping up
In reaction to strong earnings/guidance: MLNK +11%, MAT +4.5%, KEY +1.6%, CSX +1.5%, ABT +1.5%, PNC +1.2%, YHOO +1.1%, (also Enters into Amendment to Share Repurchase and Preference Sale Agreement with Alibaba), IBM +0.7%.
M&A news: MNTG +0.8% (MTR Gaming Responds to Unsolicited Non-Binding Proposal from Jacobs Entertainment (JEC); plans to evaluate the proposal).
Select financial related names showing strength: IRE +4.7%, ING +2.2%, BBVA +1.6%, BCS +1.4%, DB +1.3%, JPM +0.6%.
Solar stocks trading higher: RSOL +3%, TSL +2.5%, DQ +2%, YGE +1.9%, SOL +1.9%, SPWR +1.3%, FSLR +1% ( to Build 250MW Power Plant in California for NextEra Energy Resources),.
Select oil/gas related names showing strength: GPOR +1.3% (reports 3Q2013 production above previous guidance; anticipates exiting 2013 with production in the range of 27,000 to 32,000 BOEPD), WFT +1% (upgraded to Mkt Perform from Underperform at BMO Capital Mkts), TOT +0.9%, BP +0.7%.
Other news: AAP +11.2% (confirms agreement to acquire General Parts International in all-cash transaction with enterprise value of $2.04 bln; transaction will result in ~ $160 mln of annual run-rate synergies to be fully realized within three years after closing),EMKR +10.4% (Becker Drapkin disclosed 7.1% stake in 13D),STRI +9.6% (ticking higher, decided to eliminate the position of Chief Operating Officer due to ongoing cost-reduction measures),CNTF +8.6% (continued strength), OXGN +8.5% (to present preclinical data demonstrating antitumor activity of ZYBRESTAT in pancreatic neuroendocrine tumor model), BORN +6.1% (continued strength),HAS +2.2% (following MAT earnings),JCP +1.8% (Warren Buffett on CNBC notes that Berkshire is a supplier to and they have significant receivables from JCP, but they haven't changed the terms to the co and aren't worried about JCP surviving),RCL +1.3% (still checking), FB +1.2% (still checking, may be TWTR IPO/earnings related),PCYC +1.1% (Treatment of Waldenstrom's macroglobulinemia was granted FDA orphan status),TEF +1.1% (still checking),TSLA +1.1% (still checking),CY +0.5% (ticking higher, Teardown of Samsung Galaxy Note 3 Smartphone Finds Cypress CapSense Controller Implements Touch-Sensing Buttons).
Analyst comments: GERN +2.2% ( initiated with Buy and $6.50 one-year price target at MLV),MPEL +1% ( upgraded to Buy from Hold at Jefferies),S +1% (upgraded to Outperform from Neutral at Macquarie),WFM +0.6% (initiated with an Outperform at BMO Capital Mkts)