Gapping up
M&A news: BCA +7.6% (discloses it is analyzing potential transactions involving the bank, which could include, among other structures, a merger with other national or international bank operators), SPR +0.8% ( GKN (GKNLY) may bid for plans owned by SPR that make wing parts for Boeing (BA), according to reports), .
Select biotech related names showing strength: MACK +9.1%, CTIC +5.7% (Cell Therapeutics receives $5 mln milestone payment from Teva ), ARIA +5.4%, ACHN +4%, DNDN +3.4%, GALE +2.5%, AMRN +1.6% (announces notification of patent allowances for U.S. applications related to triglyceride lowering with a mixture of omega-3 free fatty acid in both the MARINE and ANCHOR patient populations), ACRX+1.2% (announces that the Zalviso NDA was accepted for filing by the FDA on Nov 26, 2013).
Other news: FRO +10% (continued strength), ALU +4.4% (still checking), CIE +3.5% ( confirms significant pre-salt discovery at its Lontra #1 Well, Offshore Angola), HSOL +3.4% (reaches RMB 3.5 Billion Credit Agreement with the Bank of Beijing), AMZN +3.2% (ComScore: Black Friday sees $1.2 bln in desktop e-commerce spending marks; first billion-dollar online shopping day of the 2013 Holiday season; 60 Minutes featured AMZN's new R&D delivery method that deliveries small items by drone aircraft), EBAY +2.9% (ChannelAdvisor reported eBay (EBAY) came in at 28.1% compared to Black Friday's 38.7%, but still out-grew Amazon and is about twice the pace of e-commerce growth; upgraded to Buy from Neutral at Sun Trust Rbsn Humphrey), MT +1.9% (The ThyssenKrupp Steel USA rolling and coating plant in Calvert/Alabama is being sold to a consortium of ArcelorMittal and Nippon Steel & Sumitomo Metal), JKS +1.4% ( signs strategic cooperation agreement for a 200MW project with local government of Lingwu City of Ningxia Hui autonomous region), DOW +1.1% (Dow Chemical announces carve-out scope for $5 bln of commodity chemicals businesses; right-sizes chlorine footprint to meet dows downstream needs in high-growth markets), DDD +1.1% (announces availability of its ProJet 4500 3D printer and ProJet 5500X), TLM +0.9% ( announced that the company has entered into an agreement with Carl Icahn and his affiliates; Samuel Merksamer and Jonathan Christodoro will join the Company's Board of Directors in December 2013).
Analyst comments: MNST +2.4% (upgraded to Overweight from Neutral at JP Morgan), SPG +1.4% (upgraded to Overweight from Equal-Weight at Morgan Stanley), PGR +1.3% (Progressive upgraded to Neutral from Sell at Goldman), SPG +0.8% ( upgraded to Overweight from Equal-Weight at Morgan Stanley)