Gapping up
M&A news: ZOOM +204.2% (to acquire Beijing Tonglian Information & Technology).
Select EU financial related names showing strength: BCS +3.6%, CS +3.3%, UBS +3.2%, DB +3%, IRE +2.7%.
Select metals/mining stocks trading higher: VALE +3.5%, MT +2.3%, IAG +2.2%, GOLD +1.7%, SLV +1.7%, AUY +1.7%, CLF +1.6%, AEM +1.4%, GLD +1.2%, ABX +1.2%, SLW +1.2%, X +1.2%.
Select Shipping related names showing strength after Baltic Dry Index rose 9% yesterday: FRO +16.5%, EGLE +9.9%, GNK +8.3%, DRYS +6.4%, SBLK +2.1%, TNK +2.1%.
Other news: DSS +11.2% (filed patent lawsuit against Apple (AAPL)), HNR +9.1% (announced issuance of ~1.7 mln shares of common stock for ~$5.37 mln), RIO +5.6% (announced mine production capacity will increase by more than 60 million tonnes a year between 2014 and 2017), JCP +2.9% (reports that co will hire 35K seasonal workers), PLUG +2.8% (still checking, hearing co considering rev stk split), BHP +1.2% (in sympathy with RIO), TGT +1.2% (Thanksgiving Day traffic and sales were among the highest Target has seen in a single day), TSL +1% (announces joint venture with Yabang Group), EBAY +1% (Channel advisor releases early read on holiday sales: T-giv day +20% YoY), AAPL +0.9% (secured nearly 76% of Japan smartphone sales in October, according to reports).
Analyst comments: TI +3.8% (upgraded to Overweight at HSBC), PUK +1.1% (upgraded to Outperform at Keefe Bruyette).