Gapping up
In reaction to strong earnings/guidance:
- UAL +5.4%, BAC +4.7%, GS +3.1%, CMA +1.3%, BK +0.7%, USB +0.7%, PNFP +0.6%
M&A news:
- FDC +23.1% (to be acquired by Fiserv (FISV) for approximately $22.74/share in all-stock deal)
Select Airline related names showing strength:
- JETS +5.2%, AAL +2.4%, LUV +2.1%, DAL +1.4%, ALK +1.4%, JBLU +1.3%, SAVE +0.5%
Other news:
- MERC +10.7% (to join S&P SmallCap 600)
- TYME +4.2% (continued strength)
- TGE +3.4% (increases quarterly dividend)
- ALSK +2.7% (refinances credit agreements)
- TLRY +2.1% (modestly rebounding)
- UNIT +1.2% (Uniti has agreed to sell Uniti Fiber's Midwest operations to MIP, while Uniti will retain its existing Midwest fiber network)
Analyst comments:
- NTNX +3.8% (upgraded to Overweight from Equal-Weight at Morgan Stanley)
- TDC +2.7% (upgraded to Overweight from Equal-Weight at Morgan Stanley)
- MET +1.3% (upgraded to Buy from Neutral at BofA/Merrill)