Gapping up
In reaction to strong earnings/guidance:
In reaction to strong earnings/guidance:
- CSIQ +8.4%, NTAP +7.6%, TWIN +5.6%, NNA +3.8%, LB +3.7%, WMT +3%, NTES +2.3%, PERY +2.3%, GFI +2.1%,
- YY +1.9%, (also announces Chairman resignation / promotion of Zhou Chen as new CEO ), SNPS +1.6%, HRL +0.7%,BONT +0.6%
M&A news: SEMI +41.7% (to be acquired by GlobalWafers for $12.00 per share)
Select metals/mining stocks trading higher: RIO +2.2%, BBL +2%, FCX +1.8%, BHP +1.7%, MT +1.6%, SAND +1.6%,AG +1.5%, SBGL +1.1%, AU +0.8%, GDX +0.7%,
Other news:
Select metals/mining stocks trading higher: RIO +2.2%, BBL +2%, FCX +1.8%, BHP +1.7%, MT +1.6%, SAND +1.6%,AG +1.5%, SBGL +1.1%, AU +0.8%, GDX +0.7%,
Other news:
- CIE +23.8% (CFO and CEO each disclosed purchase of 100000 shares)
- RPTP +16.7% (Retrophin (RTRX), other drugmakers have shown interest in acquiring Raptor, according to Bloomberg)
- VRX +5% (announces that it has obtained the requisite lender approval for an amendment to its credit facility)
- JKS +2.3% (in sympathy with CSIQ earnings)
- HEB +1.9% (announces 1:12 reverse stock split; to begin trading on split-adjusted basis on August 26, 2016 )
- NGG +1.3% (The UK's Ofgem (Office of Gas and Electricity Markets) proposes reductions in National Grid's spending allowances for its energy transmission price controls)
- JCP +0.9% (J. C. Penney confirms details from today's analyst day with strategic plans for profitable growth beyond 2017; outlines performance goals to deliver $1.40-1.55 earnings per share in 2019)
Analyst comments:
- DGLY +15.8% (initiated with a Buy at Maxim Group; tgt $15)
- ARWR +6% (initiated with a Buy at Cantor Fitzgerald; tgt $15)
- ANET +3.4% (initiated with an Outperform at BMO Capital)
- KMI +2.3% (upgraded to Overweight from Equal-Weight at Morgan Stanley)
- PCLN +1% (upgraded to Buy from Hold at Evercore ISI)
- SAFM +1% (upgraded to Buy from Outperform at CLSA)