Gapping up
In reaction to strong earnings/guidance: TNP +4.3%, FL +2.4%, MENT +2.4%, BORN +2.3%, DE +2.1%, JMEI +1.7%, HPQ +1.1%
M&A news: EROC +17.1% (to merge with subsidiary of Vanguard Natural Resources (VNR) for total consideration of $474 mln in Vanguard Common units and Eagle Rocks net debt of $140 mln; Consideration valued at ~$3.05 per share), FRS +13.6% (to be acquired for $34.00 per share in cash), VOD +1.4% (comments from Goldman indicating that asset sales are more likely)
Other news: LONG +33.7% (Expedia sells its majority stake in eLong), NSPR +18.3% (announced that its CGuard Embolic Prevention System reported positive results in PARADIGM, at the EuroPCR conference), ABTL +17.2% (acquires Dealix Corporation and Autotegrity for $25 mln; expects the acquisition to be accretive to net income in 2015; Raises FY15 guidance ), AAU+11.1% (announced significant silver mineralisation in Ixtaca Infill Drilling Program, hits 31.50 Meters of 0.39 G/T Au, 117.0 G/T Ag), CTRP +5.6% (CTRP acquired a 37.6% for ~$400 mln from EXPE), HIMX +2.8% (Digitimes indicated Samsung (SSNLF) is ramping up IC related purchases), BBRY +2.7% ( authorized a share repurchase program to purchase for cancellation up to 12 mln BlackBerry common shares, or ~2.6% of the outstanding public float), TWC +2.6% (Charter (CHTR) is in discussions to purchase TWC for more than $170/share & FCC Chair may not reject any cable deal, according to WSJ), PTCT +2.3% (announces that the benefit assessment by Germany's Federal Joint Committee, indicates that Translarna proivdes a benefit for ambulatory patients with Duchenne Muscular Dystrophy), HSBC +1.3% (confirms that it is exploring various strategic options for its operations in Brazil), OMER +1.3% (announces that the EMA's Committee for Medicinal Products for Human Use has adopted a positive opinion for Omidria 1%/0.3%), GLBS +1.2% (announced sale of a Panamax Vessel for a gross price of $5.5 mln), MT +1.1% (MT and and Steel Authority of India Limited, sign an MoU to set up an automotive steel manufacturing facility), CNHI +0.8% (DE peer)
Analyst comments: RWLK +8.5% (upgraded to Buy at Canaccord Genuity), SGYP +5.4% (initiated with a Buy at Canaccord Genuity), QURE +5.1% (initiated with an Outperform at Oppenheimer), STEM +4.4% (initiated with a Buy at Cantor Fitzgerald), CLLS +3.1% (initiated with an Outperform at Oppenheimer), QRVO +1.6% (initiated with a Buy at Goldman )
In reaction to strong earnings/guidance: TNP +4.3%, FL +2.4%, MENT +2.4%, BORN +2.3%, DE +2.1%, JMEI +1.7%, HPQ +1.1%
M&A news: EROC +17.1% (to merge with subsidiary of Vanguard Natural Resources (VNR) for total consideration of $474 mln in Vanguard Common units and Eagle Rocks net debt of $140 mln; Consideration valued at ~$3.05 per share), FRS +13.6% (to be acquired for $34.00 per share in cash), VOD +1.4% (comments from Goldman indicating that asset sales are more likely)
Other news: LONG +33.7% (Expedia sells its majority stake in eLong), NSPR +18.3% (announced that its CGuard Embolic Prevention System reported positive results in PARADIGM, at the EuroPCR conference), ABTL +17.2% (acquires Dealix Corporation and Autotegrity for $25 mln; expects the acquisition to be accretive to net income in 2015; Raises FY15 guidance ), AAU+11.1% (announced significant silver mineralisation in Ixtaca Infill Drilling Program, hits 31.50 Meters of 0.39 G/T Au, 117.0 G/T Ag), CTRP +5.6% (CTRP acquired a 37.6% for ~$400 mln from EXPE), HIMX +2.8% (Digitimes indicated Samsung (SSNLF) is ramping up IC related purchases), BBRY +2.7% ( authorized a share repurchase program to purchase for cancellation up to 12 mln BlackBerry common shares, or ~2.6% of the outstanding public float), TWC +2.6% (Charter (CHTR) is in discussions to purchase TWC for more than $170/share & FCC Chair may not reject any cable deal, according to WSJ), PTCT +2.3% (announces that the benefit assessment by Germany's Federal Joint Committee, indicates that Translarna proivdes a benefit for ambulatory patients with Duchenne Muscular Dystrophy), HSBC +1.3% (confirms that it is exploring various strategic options for its operations in Brazil), OMER +1.3% (announces that the EMA's Committee for Medicinal Products for Human Use has adopted a positive opinion for Omidria 1%/0.3%), GLBS +1.2% (announced sale of a Panamax Vessel for a gross price of $5.5 mln), MT +1.1% (MT and and Steel Authority of India Limited, sign an MoU to set up an automotive steel manufacturing facility), CNHI +0.8% (DE peer)
Analyst comments: RWLK +8.5% (upgraded to Buy at Canaccord Genuity), SGYP +5.4% (initiated with a Buy at Canaccord Genuity), QURE +5.1% (initiated with an Outperform at Oppenheimer), STEM +4.4% (initiated with a Buy at Cantor Fitzgerald), CLLS +3.1% (initiated with an Outperform at Oppenheimer), QRVO +1.6% (initiated with a Buy at Goldman )