>>> US Gapping up

Gapping up
In reaction to strong earnings/guidance:

  • EXEL +14.4%, ARCB +14%, ACIA +12.4%, CZR +11.9%, EXTR +10.7%, PETX +10.6%, ANET +10.6%, CATM +9.9%, NWL +9.1%, ERII +8.8%, SYMC +8.6%, SBUX +8.2%, CRC +7.9%, GTE +7.8%, BTE +7.5%, TSRO +7.4%, TTOO +7%, SEDG +6.6%, BLDR +6.6%, BABA +5.9%, STX +5.8%, IPHI +5.3%, TDS +5.3%, PE +5.2%, LADR +4.8%, BRKR +4.6%, MTZ +4.5%, WLTW +4.3%, CCJ +4%, TNDM +3.6%, ABBV +3.6%, SHLX +3.4%, WIFI +3.4%, ITT +3.4%, XOM +3.4%, MET +3.2% (approves new $2 bln common stock repurchase authorization), HST +2.9%, LYV +2.9%, PBA +2.8%, CERS +2.7%, TRQ +2.5%, TRTN +2.5%, IMGN +2.5%, DHT +2.3%, CNK +2.3%, MITK +2.1%, X +2%, EBS +1.9%, HMSY +1.8%, APPN +1.6%, AIRG +1.5%, ESPR +1.1%

Other news:

  • PACB +68.5% (Pacific Biosciences to be acquired by Illumina (ILMN) for $8.00/share in cash, or approximately $1.2 bln)
  • NIHD +7.7% (attributed Brazil's Anatel spectrum update)
  • VRSN +6.9% (after disclosing amendment to Department of Commerce cooperative agreement)
  • RTIX +5% (ticking higher; to acquire Paradigm Spine in cash and stock transaction valued at up to $300 mln)
  • ALGN +4.1% (after announcing resignation of SVP and managing director of the Americas region, Christopher Puco, effective March 2019)
  • CAT +3.1% (following TEX results)
  • BDSI +3.1% (announces further significant expanded preferred coverage for BELBUCA)
  • MFC +3% (announces three reinsurance transactions on its legacy businesses, its intention to launch a Normal Course Issuer Bid and an increase to its common share dividend),
  • GOOS +1.8% (acquires Baffin Inc. for purchase price of CAD $32.5 mln)
  • STRL +0.9% (Sterling Construction unit and jv partner SEMA Construction were selected by Colorado Department of Transportation for $200 mln+ highway project)
  • ILMN +0.8% (Pacific Biosciences to be acquired by Illumina (ILMN) for $8.00/share in cash, or approximately $1.2 bln)
  • GPOR +0.7% (appoints Donnie Moore as Interim CEO, effective immediately)

Analyst comments:

  • KORS +6.3% (upgraded to Overweight from Neutral at Piper Jaffray)
  • WFC +0.8% (upgraded to Buy at Citibank)