Gapping up
In reaction to strong earnings/guidance: NADL +11.7%, EDAP +11.6%, BURL +8.8%, SIG +5.7%, PVH +5.2%, PRCP +3.9%, GOGL +3.5%, AVGO +3.4%, SJM +3.3%, PSEC +3%
M&A news: STJ +4.2% (FT report that Abbot (ABT) is considering a $25 bln bid; Bloomberg TV reports that Abbot (ABT) denied the report that it was preparing a bid for STJ), TOT +3.3% (divests its North Sea Midstream assets for GBP585 mln), NGD +2.6% (to sell its 30% interest in the El Morro project to Goldcorp)
Select China related names showing strength: YGE +15.6%, SHI +8%, WB +7.3%, JKS +6.1%, JMEI +5.6%, LEJU +5.5%, BTU +5.2%, KNDI +5.1%, ACH +4.8%, SUNE +4.6%, CSIQ +4.4%, QIHU +4.3%, TSL +4%, YNDX +3.8%, JD +3.6%, CMCM +3.4%, BIDU +3.2%, SFUN +2.8%
Select metals/mining stocks trading higher: AKS +7%, GFI +3.3%, X +1.7%, GG +1.0%
Other news: NQ +57.8% (entered into agreement to sell Nation Sky for $80 mln and FL Mobile for no less than ~$626 mln; co also reported earnings), GBSN +34.3% (announces intent to settle certain warrant exercises with cash), FORD +9.9% (cont strength), EXEL +8.5% (announces Swissmedic, the supervisory authority of Switzerland, has approved cobimetinib for use in combination with vemurafenib to treat patients with advanced melanoma), FCX +4.3% (announces further spending cuts in response to market conditions), RAX +2.4% (still checking), ACAS +1.6% (closed on the sale of $510 mln of collateralized loan obligation bonds), SIRI +1.3% (announced Board authorization for the addition of a further $2 billion to its stock repurchase program)
Analyst comments: CEO +11.7% (upgraded to Outperform at Credit Suisse), PBYI +6.3% (initiated with a Overweight at JP Morgan), TDOC +5.2% (initiated with a Outperform at Leerink Partners), SCTY +4.7% (upgraded to Overweight from Equal-Weight at Morgan Stanley), BSX +3.5% (upgraded to Buy from Neutral at Goldman), YELP +2.9% (upgraded to Neutral from Sell at B. Riley & Co), ACAD +2.9% (upgraded to Overweight from Neutral at Piper Jaffray;), ANF +2.5% (upgraded to Buy from Hold at Stifel), AMZN +2% (upgraded to Strong Buy from Outperform at Raymond James), PHG +1.8% (upgraded to Buy at Nomura ), AFL +1.5% (upgraded to Outperform from Mkt Perform at Keefe Bruyette), QLIK +1% (initiated with a Buy at Nomura
)
In reaction to strong earnings/guidance: NADL +11.7%, EDAP +11.6%, BURL +8.8%, SIG +5.7%, PVH +5.2%, PRCP +3.9%, GOGL +3.5%, AVGO +3.4%, SJM +3.3%, PSEC +3%
M&A news: STJ +4.2% (FT report that Abbot (ABT) is considering a $25 bln bid; Bloomberg TV reports that Abbot (ABT) denied the report that it was preparing a bid for STJ), TOT +3.3% (divests its North Sea Midstream assets for GBP585 mln), NGD +2.6% (to sell its 30% interest in the El Morro project to Goldcorp)
Select China related names showing strength: YGE +15.6%, SHI +8%, WB +7.3%, JKS +6.1%, JMEI +5.6%, LEJU +5.5%, BTU +5.2%, KNDI +5.1%, ACH +4.8%, SUNE +4.6%, CSIQ +4.4%, QIHU +4.3%, TSL +4%, YNDX +3.8%, JD +3.6%, CMCM +3.4%, BIDU +3.2%, SFUN +2.8%
Select metals/mining stocks trading higher: AKS +7%, GFI +3.3%, X +1.7%, GG +1.0%
Other news: NQ +57.8% (entered into agreement to sell Nation Sky for $80 mln and FL Mobile for no less than ~$626 mln; co also reported earnings), GBSN +34.3% (announces intent to settle certain warrant exercises with cash), FORD +9.9% (cont strength), EXEL +8.5% (announces Swissmedic, the supervisory authority of Switzerland, has approved cobimetinib for use in combination with vemurafenib to treat patients with advanced melanoma), FCX +4.3% (announces further spending cuts in response to market conditions), RAX +2.4% (still checking), ACAS +1.6% (closed on the sale of $510 mln of collateralized loan obligation bonds), SIRI +1.3% (announced Board authorization for the addition of a further $2 billion to its stock repurchase program)
Analyst comments: CEO +11.7% (upgraded to Outperform at Credit Suisse), PBYI +6.3% (initiated with a Overweight at JP Morgan), TDOC +5.2% (initiated with a Outperform at Leerink Partners), SCTY +4.7% (upgraded to Overweight from Equal-Weight at Morgan Stanley), BSX +3.5% (upgraded to Buy from Neutral at Goldman), YELP +2.9% (upgraded to Neutral from Sell at B. Riley & Co), ACAD +2.9% (upgraded to Overweight from Neutral at Piper Jaffray;), ANF +2.5% (upgraded to Buy from Hold at Stifel), AMZN +2% (upgraded to Strong Buy from Outperform at Raymond James), PHG +1.8% (upgraded to Buy at Nomura ), AFL +1.5% (upgraded to Outperform from Mkt Perform at Keefe Bruyette), QLIK +1% (initiated with a Buy at Nomura
)