Gapping up
In reaction to strong earnings/guidance: AOS +7%, SAP +5.8%, PHG +5.5%, (light volume), CHKP +2.4%, MAN +2%, HAS +0.9%, CE +0.4%.
M&A news: NTS +24.1% (NTS to be acquired for $2.00 per share by Tower Three Partners), TLAB +5.5% (Tellabs to be acquired by Marlin Equity Partners for $2.45 per share in cash).
China internet stocks trading higher: QIHU +2.2%, DANG +2.2%, BIDU +0.7%.
Select solar related names showing strength: RSOL +3.3%, DQ +2%, FSLR +1.7%,M TSL +1.7%, YGE +1.7%, CSIQ +1.6% (to Supply Modules to Saudi Aramco's KAPSARC Solar Power Project), SOL +1.5%.
Other news: THLD +8% (Announces Early Clinical Data for Combining TH-302 With Antiangiogenic Agents in Advanced Solid Tumors; New data from an investigator-sponsored trial (Study 4001) in patients with advanced solid tumors showed that combination treatment with TH-302 plus Votrient (pazopanib) achieved a clinical benefit rate of 76% ), ITRN +4.7% (still checking), PAL +3.3% ( commences shaft hoisting at Lac des Iles ), AOL +3.1% (Strength in the stock is being attributed to positive Cramer comments), T +2.6% (Crown Castle announces $4.85 bln AT&T (T) tower transaction), CRM +2.6% (still checking), NQ +2.3% (still checking), RMTI +2.3% (Announces Clean Safety Results From Triferic Short-Term Safety Study; Large-Scale Study Results Reaffirm Clean Safety Profile for Iron Replacement Drug Triferic), HCI +1.9% (adopts shareholder rights plan, increases quarterly dividend 22.2% to $0.275 from $0.225 per share), NFLX +1.2% ( reports that its paid subscribers could outnumber HBO), CCI +1.2% (Crown Castle announces $4.85 bln AT&T (T) tower transaction), KOG +0.4% (late volume spike following Paulson comments on M&A potential - mentioned several names).
Analyst comments: HZNP +5.3% ( upgraded to Overweight from Neutral at Piper Jaffray), MT +3.5% ( upgraded to Buy from Hold at Deutsche Bank), CRM +3.5% (Salesforce.com upgraded to Strong Buy from Outperform at Raymond James), DK +2.7% (Delek US upgraded to Buy from Neutral at Goldman), MJN +1.6% (Mead Johnson upgraded to Buy from Neutral at Citigroup), ADM +0.7% ( upgraded to Buy from Underperform at BofA/Merrill), AAPL +0.6% (upgraded to Buy from Hold at Societe Generale)