Gapping up:
- Earnings earnings/guidance: WG +15.2%, CGNX +8.3%, ALSN +7.1%, TXRH +6.8%, HLS +3.6%, HVT +3.4%, BP +3.4%, LPX +3.1%, OI +2.7%, LL+2.6%, MATX +2.6%, ICHR +2.3%, SNE +2.3%, CACC +1.2%, TREX +1.1%
- Other news: CBMX +50.5% (CombiMatrix to be acquired in an all-stock merger for approximately $33 million of combined consideration by Invitae), GRPN +6.1% (Groupon and Grubhub announce partnership to bring food delivery to Groupon customers throughout the US; GRUB is acquiring certain assets in 27 company-owned OrderUp food delivery markets from Groupon), CTIC +5.0% (announced that the first patient has been enrolled in PAC203, a Phase 2 clinical trial of pacritinib in patients with primary myelofibrosis who have failed prior ruxolitinib therapy), RACE +2.9% (said to be planning to add a utility vehicle as it looks to double profit by 2022, according to Bloomberg), NVTA +2.0% ((announced two acquisitions - including CombiMatrix (CBMX), announces $73.5 million private placement offering and reports prelim Q2 results ), ETP +2.0% (Energy Transfer signs agreement w/ The Blackstone Group whereby Blackstone will contribute approximately $1.57 billion in cash in exchange for a 49.9% interest in HoldCo ), GRUB +1.9% (Groupon and Grubhub announce partnership to bring food delivery to Groupon customers throughout the US; GRUB is acquiring certain assets in 27 company-owned OrderUp food delivery markets from Groupon)
- Analyst actions: NEOS +5.4% (initiated after the close with Overweight and $20 tgt at Cantor Fitzgerald), SOHU +2.0% (upgraded to Equal-Weight from Underweight at Morgan Stanley)