Gapping up
In reaction to strong earnings/guidance:
- TOL +7.7%, FN +6.7%, MDT +4.1%
Other news:
- CRON +5.9% (announces 'its initial supply agreements for retail distribution, both government-operated and private, across Canada for the upcoming launch of the recreational market in October 2018)
- TLRY +4.5% (signs agreement with the Ontario Cannabis Retail Corporation to supply the province of Ontario with an array of cannabis products in anticipation of the launch of the adult-use market on October 17)
- NOK +1.5% (outlines licensing rate expectations for 5G mobile phones)
- AZN +1.4% (Tagrisso approved in Japan for 1st-line treatment of EGFR-mutated non-small cell lung cancer)
- CVSI +1% (after closing more than 35% lower following Citron report)
- GTN +0.9% (confirms agreements to sell television stations in eight markets -- proposed divestitures will close concurrently with the closing of the Gray/Raycom transaction)
Analyst comments:
- VTL +7.8% (initiated with Overweight rating and $18 tgt at Cantor Fitzgerald)
- DISCA +2.1% (upgraded to Buy from Hold at Jefferies)
- SYMC +2% (upgraded to Positive from Neutral at Susquehanna)
- FND +1.6% (upgraded to Buy from Hold at Jefferies)
- AVNS +1.3% (upgraded to Outperform from Mkt Perform at Raymond James)
- EL +1.2% (upgraded to Buy from Neutral at DA Davidson)
- CDAY +0.8% (initiated with Buy at Guggenheim)
- WDAY +0.5% (initiated with Buy at Guggenheim)