Gapping up
In reaction to strong earnings/guidance: RSH +8.9%, RH +6.8%, MEI +6.7%, CVTI +5.5%, URBN +4%, (Urban Outfitters discloses that thus far during Q4 comparable Retail segment net sales are low single-digit positive), CASY +1.9%, GEF +1.4%, OI +1.4%, ATHN +0.6%, (reaffirms FY14 guidance; sees FY15 revs of $900-925 mln vs $923.85 mln Capital IQ Consensus Estimate, adjusted EPS of $1.20-1.30 vs $1.25 Capital IQ Consensus Estimate)
Select financial related names showing strength: DB +1%, CS +0.9%, BCS +0.8%, C +0.5%, SAN +0.5%
Other news: ODP +11.5% (Starboard discloses increased 9.9% stake in SC13D filing; up from prior 8.6% stake), SPLS +10.6% (Starboard Value disclosed a new/increased positions), NVEE +8.3% (awarded $2 mln contract by San Diego County Regional Airport Authority to provide as-needed surveying services), ANV +6% (Gold Standard Ventures (GSV) closes deals to expand its Pinion and Dark Star land positions from ANV), RGDX +3.8% (received approval from the New York State Department of Health to offer, market and report results of the Company's ResponseDX tests to healthcare providers in the State of New York), CYRN +3.6% (cont strength), GPT +3.2% (attributed to secondary offering), CNX +3% (announced it will pursue the formation of an MLP for its thermal coal business with an IPO expected in mid-2015; co also announces it will pursue IPO spin-off for 20% of its met coal properties in 2H15; co also announced a $250 mln share repurchase program), ESLT +2.8% (co and Ogden Air Logistic Complex sign partnership agreement to better support the warfighter), WAG +1.9% (President and CEO Greg Wasson announces he will retire following completion of merger with Alliance Boots; Stefano Pessina to serve as Acting CEO, pending board search for successor ), HOV +1.9% (cont strength), HMC +1.8% (disclosed that its motorcycle production and sales JV company in Indonesia, announced plans to expand the production capacity ), TSU +1.5% (disclosed that in response to a formal inquiry questioning the reasons for share price and volume fluctuations, it confirms the information already provided to the market previously stating that it is not aware of any agreement), AGIO +1.3% (prices 1,986,455 shares of common stock at a price to the public of $110.75 per share), KBR +1.3% (announces restructuring; co will be divesting or exiting certain non-strategic businesses), ALV +1.2% (still checking), STM +1.1% (still checking), KITE +1.1% (prices follow on offering of 3.485 mln shares of its common stock at $54 per share, also positive mention on Mad Money)
Analyst comments: CVO +4.2% (upgraded to Outperform from Underperform at Macquarie; tgt raised to $4 from $2), CYTX +4.2% (target raised to $6 at Maxim Group ), RRD +3.1% ( initiated with a Outperform at Macquarie), CTSH +1.7% (resumed with a Overweight at Barclays), D +0.7% (resumed with a Buy at Citigroup), JPM +0.5% (upgraded to Outperform from Underperform at Credit Agricole)
In reaction to strong earnings/guidance: RSH +8.9%, RH +6.8%, MEI +6.7%, CVTI +5.5%, URBN +4%, (Urban Outfitters discloses that thus far during Q4 comparable Retail segment net sales are low single-digit positive), CASY +1.9%, GEF +1.4%, OI +1.4%, ATHN +0.6%, (reaffirms FY14 guidance; sees FY15 revs of $900-925 mln vs $923.85 mln Capital IQ Consensus Estimate, adjusted EPS of $1.20-1.30 vs $1.25 Capital IQ Consensus Estimate)
Select financial related names showing strength: DB +1%, CS +0.9%, BCS +0.8%, C +0.5%, SAN +0.5%
Other news: ODP +11.5% (Starboard discloses increased 9.9% stake in SC13D filing; up from prior 8.6% stake), SPLS +10.6% (Starboard Value disclosed a new/increased positions), NVEE +8.3% (awarded $2 mln contract by San Diego County Regional Airport Authority to provide as-needed surveying services), ANV +6% (Gold Standard Ventures (GSV) closes deals to expand its Pinion and Dark Star land positions from ANV), RGDX +3.8% (received approval from the New York State Department of Health to offer, market and report results of the Company's ResponseDX tests to healthcare providers in the State of New York), CYRN +3.6% (cont strength), GPT +3.2% (attributed to secondary offering), CNX +3% (announced it will pursue the formation of an MLP for its thermal coal business with an IPO expected in mid-2015; co also announces it will pursue IPO spin-off for 20% of its met coal properties in 2H15; co also announced a $250 mln share repurchase program), ESLT +2.8% (co and Ogden Air Logistic Complex sign partnership agreement to better support the warfighter), WAG +1.9% (President and CEO Greg Wasson announces he will retire following completion of merger with Alliance Boots; Stefano Pessina to serve as Acting CEO, pending board search for successor ), HOV +1.9% (cont strength), HMC +1.8% (disclosed that its motorcycle production and sales JV company in Indonesia, announced plans to expand the production capacity ), TSU +1.5% (disclosed that in response to a formal inquiry questioning the reasons for share price and volume fluctuations, it confirms the information already provided to the market previously stating that it is not aware of any agreement), AGIO +1.3% (prices 1,986,455 shares of common stock at a price to the public of $110.75 per share), KBR +1.3% (announces restructuring; co will be divesting or exiting certain non-strategic businesses), ALV +1.2% (still checking), STM +1.1% (still checking), KITE +1.1% (prices follow on offering of 3.485 mln shares of its common stock at $54 per share, also positive mention on Mad Money)
Analyst comments: CVO +4.2% (upgraded to Outperform from Underperform at Macquarie; tgt raised to $4 from $2), CYTX +4.2% (target raised to $6 at Maxim Group ), RRD +3.1% ( initiated with a Outperform at Macquarie), CTSH +1.7% (resumed with a Overweight at Barclays), D +0.7% (resumed with a Buy at Citigroup), JPM +0.5% (upgraded to Outperform from Underperform at Credit Agricole)