>>> US Gapping up

Gapping up
In reaction to strong earnings/guidance:

RH +20%, SGH +18.5%, SBPH +18.4%, NTAP +13.5%, CSCO +6.4%, FGL +5.8%, SMRT +5.5%, SJM +4.6%, WMT +4.5%, HP +4%, QIWI +3.8%, KO +1.2%, APC +1.2%, (sees FY18 cap-ex $4.2-4.6 bln; sales volume +10.6% at mid-point) SPB +1%, NTES +0.8%

M&A news:

EVLV +44.1% (Segel Vision discloses proposal to acquire EVINE LIVE for $2.66/share)
TIME +15.6% (Koch Brothers plan to support Meredith (MDP) takeover of TIME, according to WSJ)
ROK +8.4% (Emerson (EMR) confirms proposal to acquire Rockwell Automation for $225/share in cash & stock, or approximately $29 bln)

Other news:

LEDS +29.1% (continued strength following earnings)
SBPH +18.4% (announces positive top-line results from the second cohort of Part A of the Phase 2 ACHIEVE Trial -- Low dose of Inarigivir Soproxil (50mg) Monotherapy demonstrates a favorable safety profile and significant dose-dependent antiviral activity, meeting both primary endpoints)
ACHN +7.9% (prices offering 18,367,346 shares of its common stock by existing stockholder at $2.75 per share)
IDXG +5.9% (announces that the New York State Department of Health has reviewed and approved for marketing the Company's TERT service offering)
WSM +2.3% (following RH guidance)
PYPL +2% (SYF acquires $6.8 bln in receivables from PYPL)
PG +1.8% (Trian confirms preliminary voting tabulation by independent Inspector of Elections - P&G shareholders have elected Nelson Peltz to P&G's Board)
SNOA +1.7% (FDA has approved an expanded claim for the company's signature dermatology product, Alevicyn Dermal Spray)
FCAU +1.6% (reported Oct EU sales)

Analyst comments: