Gapping up
In reaction to strong earnings/guidance: CGA +5.5%, OSN +2.2%, PTC +0.5%
M&A news:
In reaction to strong earnings/guidance: CGA +5.5%, OSN +2.2%, PTC +0.5%
M&A news:
- FVE +17.8% (RMR Group controlling stockholders ABP Acquisition announces that it intends to make a cash tender offer for up to 10 mln shares of common stock of Five Star Quality Care (FVE) at $3.00/share)
- CAB +14.6% (Bass Pro Shops to acquire CAB for $65.50/share in cash)
- JNS +12.4% (Janus Capital and Henderson Group agree to an all-stock merger of equals)
- WGO +7.3% (to acquire towable RV manufacturer Grand Design for about $500 mln in cash & stock; preannounces upside Q4 result)
- TWTR +3.1% (reports that Google (GOOGL) hired adviser to consider bid for the company)
- NXPI +2% (hired bankers that suggest pursuit of sale amid interest from Qualcomm (QCOM) and others, according to Bloomberg sources)
Select Macau gaming names showing strength after Macau Gaming Inspection Bureau reported September gross gaming revenue +7.4% YoY:
- MPEL +4.9%, WYNN +3.7%, LVS +3.5%
Select oil/gas related names showing strength: BCEI +4.9%, RIG +2.5%, WLL +2.2%, SDRL +2.1%, RDS.A +1.0%, BP+0.8%
Other news:
Other news:
- XGTI +79.3% (receives a $3.0 mln prototype award, won in partnership w/ the Southwest Research Institute, from the DISA)
- CTIC +9.6% (Pres/CEO announces retirement, effective Oct 2)
- GALE +5.4% (files for 14,000,000 shares common stock offering by selling stockholders issuable upon the exercise of outstanding warrants)
- WYY +5.4% (announces that it has been awarded its first task order by the Health & Human Services Office of the Chief Information Officer under the Health & Human Services Blanket Purchase Agreement.)
- TSLA +3.7% (reported Q3 deliveries +70% q/q to approx 24.5K vehicles),
- SCTY +2.9% (still checkin; may be in sympathy with TSLA)
- VIP +2.9% (files for offering of 306,122,450 American Depositary Shares by selling shareholders)
- RIG +2.5% (announces that the Transocean Barents has been awarded a 15-month contract with Suncor Energy (SU))
- NVAX +1.9% (received anticipated requests for information from the U.S. FDA review team in connection with the pending Biologics License Application for HEPLISAV-B)
- TTM +1.4% (reported September passenger and commercial vehicle sales were at 48,648 vehicles, +8% YoY)
Analyst comments:
- OCLR +2.8% (initiated with a Buy at Jefferies)
- NTES +2.6% (upgraded to Outperform from Underperform at CLSA)
- FCX +2% (upgraded to Buy from Hold at Deutsche Bank)
- DOW +1.4% (upgraded to Buy from Neutral at Citigroup)
- DD +1.1% (upgraded to Buy from Neutral at Citigroup)
- HZNP +1.1% (added to S Small Cap Fundamental List at BMO Capita)
- COTY +0.9% (upgraded to Buy from Neutral at BofA/Merrill)