Gapping up
In reaction to strong earnings/guidance: BLMN +19.4%, ACUR +14.8%, ODP +14.4%, ELNK +12.8%, ININ +9%, NLS +7.7%, ARCI +7.1%, (also announces departure of CFO ), AFSI +7.1%, MWW +6.8%, TDW +5.6%, PLOW +4.7%, NCMI +4.4%, SNHY +4.4%, ALLT +4.2%, SKH +3.8%, NTRI +3.7%, MSI +3.6%, ARCO +3.6%, THC +3.3%, QLYS +3.2%, SYKE +3.2%, RKT +2.9%, WNR +2.9%, CLDT +2.9%, EOX +2.4%, (sees October comparable store sales up low single digits, in-line with expectations; sees Q3 EPS of $0.38-0.40 vs 0.32 Capital IQ Consensus Estimate), DXPE +2.3%, ENBL +2.3%, BDX +2%, TSLX +1.9%, NTI +1.9%, GALE +1.6%, TXRH +1.6%, WPC +1.5%, RSO +1.3%, VLO +1.3%, AEIS +1.1%, CVS +1%, HCN +1%, EL +1%, AIG +0.9%, LB +0.8%
Other news: TBPH +9.8% (announces positive results from Phase 1 proof-of-concept study of TD-6450, an NS5A Inhibitor to treat Hepatitis C; 240 mg achieved a median maximal viral load decline of 4.9 Log10 IU/mL following three daily doses in Genotype 1a Patients), BAA +7.7% (signed a definitive agreement with Gold Holding for $41 million gold sale transaction relating to the Twangiza mine), BLIN +3.2% (disclosed that it entered into a Securities Purchase Agreement with accredited investors pursuant to which it sold an aggregate of 200,000 shares of Series A Preferred Stock for gross proceeds of $2 mln), PLUG +2.5% (announced it has signed a long-term hydrogen distribution agreement with Praxair (PX)), SGOC +2% (appointed Mr. Shi-Bin Xie as President and CEO), TRN +1.6% ( announced that its subsidiary, Trinity Rail Group, LLC, has entered into a supply agreement with GATX Corporation to deliver 8,950 railcars over a four-year period, beginning March 2016), SPLS +1.6% (in symp with ODP), AZN +1.4% (disclosed that MedImmune, its global biologics research and development arm, has entered into an agreement to acquire Definiens for initial consideration of $150 mln), GPRO +1% (cont pre-mkt vol), AN +0.7% (October 2014 reported retail new vehicle unit sales increased 8% versus October 2013)
Analyst comments: SHPG +1.1% (upgraded to Buy from Neutral at UBS), LVLT +1% (upgraded to Buy from Neutral at Citigroup), SLM +0.8% (upgraded to Buy from Neutral at Goldman), AVNR +0.7% (initiated with a Buy at Deutsche Bank), CEMP +0.7% (initiated with a Buy at Sun Trust Rbsn Humphrey)