Gapping up
In reaction to strong earnings/guidance: WRES +9.2%, SCVL +7.1%, ADBE +6.9%, TRQ +5.1%, BVX +4.9%, AMDA +2%, AGRO +1.9%
M&A news: CPGX +6.1% (Columbia Pipeline to be acquired by TransCanada for $25.50/share in cash, or ~$13 bln)
Select EU financial related names showing strength: RBS +2.7%, BCS +1.4%, HSBC +1%, UBS +0.9%, DB +0.6%
Select metals/mining stocks trading higher: CLF +6%, BBL +2.8%, BHP +2.5%, VALE +1.9%, FCX +1.7%, AU +1.7%, GOLD +1.1%, SLW +1.1%, AA +0.7%
Select oil/gas related names showing strength: DNR +7.3%, SDRL +4.5%, PBR +4.1%, WLL +4.1%, BAS +4%, OAS +4%, CHK +3.3%, MRO +1.6%
Other news: AERI +6.2% (updates on positive safety results for Rhopressa QD, expects to submit an NDA in Q3), VRX +3.2% (Bloomberg discusses that Valeant (VRX) CEO has reassured his employees that the company will not go bankrupt), VTAE +2.4% (following 65% move higher on Thursday), SHPG +2.3% (cont strength), JPM +1.3% (authorizes $1.88 bln increase to equity repurchase program), BAC +1% (authorized the repurchase up to $800 mln of common stock to offset share count dilution resulting from equity incentive compensation recently awarded to retirement-eligible employees), TWTR +0.8% (competing for rights to stream live television, according to NY Post)
Analyst comments: MGM +3.4% (positive industry note from Macquarie Research), WYNN +2.6% (positive industry note from Macquarie Research), LYG +1.7% (Nomura comments -- names Lloyds among its top picks), LVS +1.3% (positive industry note from Macquarie Research)