Gapping up
In reaction to strong earnings/guidance: JASO +15.1%, YONG +5%, KIOR +2.6%, PTX +2.3%, .
M&A news: DRAD +5.3% (acquires Telerhythmics for ~$3.6 mln), TGA +4.5% (Co and and Caracal Energy announce proposed business combination), VOD +1.1% (to acquire Grupo Corporativo Ono for EUR7.2 bln), WWE +0.4% (may be a takeover target by Comcast (CMCSA) or Madison Square Garden (MSG), according to Bloomberg).
Select solar names trading higher in sympathy with JASO earnings: YGE 5.7%, JKS 4.9%, SOL 4.7%, TSL 4.5%, FSLR 1.6%
Other news: FPRX +19.2% (and Bristol-Myers Squibb (BMY) Sign Collaboration Agreement to Discover Novel Immuno-Oncology Therapies for Two Immune Checkpoint Pathways), STAA +19.1% (FDA Advisory Panel votes in favor of STAAR Surgical's Visian Toric Implantable Collamer Lens), KIPS +13.7% (announces FDA approval for U.S. expansion of its eMESH I clincal feasibility study), SINA +8.9% (filed initial F-1 to IPO its Weibo micro-blogging service), FMCC +8.2% (prices third multifamily securities offering this year, K-037), HTZ +7.7% (planning spin off its construction equipment rental business valued at about $4.5 bln, according to FT reports), CANF +5.2% (announces Phase II study protocol to treat patients with advanced liver cancer with CF102 has been approved by the IRB in Israel), BLDP +4% (Anglo American Platinum Limited has converted its $4 million non-interest bearing promissory note into common shares), SUNE +3.9% (Hoplite Capital Management disclosed 5.99% passive stake in 13G filing), FCEL +3.6% (cont volatility, ie PLUG), YHOO +3.5% (Alibaba.com (ALBCF.PK) has chosen the US for IPO, according to reports), SHLD +3.2% (approves the separation of its Lands' End business), PLUG +3.1% (cont volatility), GMCR +2.7% (to join the S&P 500), DRYS +2.1% (announces Ocean Rig UDW's proposed offering of $500 mln senior notes due 2019), YRCW +1.7% (Solus Alternative Asset Management disclosed 8.91% passive stake in 13G filing), GWPH +1.6% (provides update on cannabinoid pipeline), TSLA +1.4% (still checking), RSH +1.3% (possibly cont momentum from Friday).
Analyst comments: WYY +5.6% (initiated with a Buy at B. Riley & Co), ALDW +3.6% (upgraded to Buy from Neutral at Citigroup), SI +3.1% (upgraded to Overweight from Neutral at JP Morgan and to Buy from Neutral at BofA/Merrill), SAP +2.6% (upgraded to Buy from Neutral at Citigroup), LO +2.5% (upgraded to Buy from Neutral at Goldman), REGN +2% (upgraded to Buy from Neutral at Citigroup), KOG +1.4% (upgraded to Buy from Accumulate at KLR Group), POT +1.3% (upgraded to Mkt Perform from Underperform at Cowen), FTNT +0.9% (target raised to $28 at Oppenheimer), CVLT +0.8% (upgraded to Buy from Neutral at Mizuho)