Gapping up
In reaction to strong earnings/guidance: SPKE +9.5%, (expects Q2 adjusted EBITDA of $10.0 -12.0 mln - far exceeding co's expectations), FNF +8.6%, URI +8.3%, ASPS +7.7%, QCOM +7.6%, TBI +7.3%, CAMT +7.3%, ECA +6.6%, VAC+6.6%, GM +6.4%, BIIB +5.7%, EBAY +5.1%, (also announces $2.5 bln buyback), PHM +4.1%, DPZ +4.1%, NURO+3.4%, IMAX +3.1%, HXL +2.9%, HBHC +2.2%, PPG +2.2%, NEM +2%, ADS +1.4%, CCK +1.2%, DWCH +1%, (reports Q3 results, initiates process to explore and evaluate a broad range of strategic alternatives), PKG +1%, SNA +1%
M&A news:
In reaction to strong earnings/guidance: SPKE +9.5%, (expects Q2 adjusted EBITDA of $10.0 -12.0 mln - far exceeding co's expectations), FNF +8.6%, URI +8.3%, ASPS +7.7%, QCOM +7.6%, TBI +7.3%, CAMT +7.3%, ECA +6.6%, VAC+6.6%, GM +6.4%, BIIB +5.7%, EBAY +5.1%, (also announces $2.5 bln buyback), PHM +4.1%, DPZ +4.1%, NURO+3.4%, IMAX +3.1%, HXL +2.9%, HBHC +2.2%, PPG +2.2%, NEM +2%, ADS +1.4%, CCK +1.2%, DWCH +1%, (reports Q3 results, initiates process to explore and evaluate a broad range of strategic alternatives), PKG +1%, SNA +1%
M&A news:
- RLYP +58.6% (to be acquired by Galenica for $32 per share)
- JOY +17.4% (to be acquired by Komatsu (KMTUY) for $28.30 per share)
Select metals/mining stocks trading higher: MT +3.1%, RIO +3%, AU +2.8%, AUY +2.8%, DRD +2.7%, BHP +2.5%,BBL +2.4%, ABX +1.8%, FCX +1.8%, GDX +1.2%, X +1.1%
Other news:
Other news:
- KNDI +5.7% (announces that Kandi Electric Vehicles Group Co plans to sell 1,500 electric vehicles to two cities in China)
- BLDP +5.3% (signs follow-on technology solutions agreement with leading global automotive OEM )
- ARAY +5% (announces preliminary results from phase II trial evaluating once-daily accelerated partial breast irradiation in patients treated with the TomoTherapy System)
- ADXS +4.2% (announces Fast Track designation from the FDA for its lead immunotherapy candidate)
- LGIH +4.1% (LGI Homes will replace Krispy Kreme Doughnuts in the S&P SmallCap 600 July 27 after the close )
- VALE +1.2% (reaches 86.8 Mt of iron ore production in the second quarter of 2016, 9.3 Mt higher than in 1Q16)
Analyst comments:
- NOK +0.5% (added to Conviction Buy List at Goldman)
- AMZN +0.5% (target raised to $900 from $790 at Goldman)