Gapping up
In reaction to strong earnings/guidance/SSS: GRUB +7.4%, MCD +3%
M&A news: TYC +9.4% (Johnson Controls (JCI) and Tyco Intl (TYC) confirm merger)
Select metals/mining stocks trading higher: HMY +4.8%, GFI +4.1%, AUY +4%, AU +2.8%, GDX +1.8%, MT +1.7%, ABX +1.7%, NEM +1.3%, GG +1.2%, SLV +1.2%, VALE +0.9%, GOLD +0.9%
Other news: AFMD +14.9% (collaborates with Merck (MRK) to investigate the combination anti-PD-1 therapy, KEYTRUDA), SUNE +6% (to give Einhorn's Greenlight Capital a seat on the Board, according to the WSJ), ANAD +5.6% (announces that a competing bidder has made an unsolicited further amended offer to acquire the company at a price of $0.76 per share), CRAY +4.4% (receives $36 mln upgrade contract in Europe), HF +2.8% (declares special cash dividend of $1.80/share), TSEM +2.7% (defends itself against short seller thesis, calling the report false and misleading), RPTP +2.3% (PROCYSBI has been granted additional U.S. Orphan Exclusivity), ANH +1.9% (authorizes the co to acquire up to an additional 5 mln shares of its common stock through its share repurchase program)
Analyst comments: ORLY +2% (upgraded to Buy from Hold at Deutsche Bank ), RSYS +1.5% (upgraded to Buy from Hold at Needham), YHOO +1% (upgraded to Buy at Pivotal Research Group)