Gapping up
In reaction to strong earnings/guidance:
- JBL +9.9%, WGO +9.7%, SCS +4.9%, AIR +1.5% FANG +1.5%
M&A news:
- CIVI +11.9% (to be acquired Centerbridge Partners funds for $17.75/share in cash)
- GSK +5.6% (creates consumer health JV with PFE)
- GE +5.1% (reportedly filed for healthcare IPO)
- PFE +1.4% (consumer health JV with GSK)
RV stocks showing strength following upside report from Winnebago (WGO):
- CWH +3.9%, LCII +3.7%, THO +3.5%
Other news:
- ADRO +29.6% (Aduro Biotech and Eli Lilly anounce research collaboration and license agreement for development of novel immunotherapies)
- RCII +6.4% (after 10% decline on merger termination news with Vintage Capital)
- TLRY +4.7% (extends yesterday's strength)
- FMCC +2.6% FNMA +1% (Treasury Secretary Steven Mnuchin said he wanted to work w/Congress on GSEs late yesterday)
Analyst comments:
- BBY +1.6% (upgraded to Neutral at MoffettNathanson)
- HSY +0.8% (BAML upgraded to Buy at Underperform)
- ROKU +2% (Keybanc out positive)