Gapping up
In reaction to strong earnings/guidance:
In reaction to strong earnings/guidance:
- NURO +16.4%, URI +9.6%, (will acquire NES for approximately $965 million in cash; acquisition is expected to be immediately accretive to United Rentals' adjusted earnings per share and free cash flow generation for the full year 2017)
- QSII +7.4%, NOW +7.4%, EBAY +7.2%, TER +6.6%, (also quarterly dividend increased 17% to $0.07 beginning 1Q17),SHW +6.1%, MEOH +5.4%
- CRR +5.3%, STM +4.9%, DEO +4.2%, LUV +3.7%, NVMI +3.3%, RCL +3%, IVZ +2.9%, XLNX +2.4%, FCAU +2.4%,FCAU +2.4%, PHM +2.3%
- BGG +2.1%, CMCSA +2%, RDN +1.9%, DOW +1.9%, ERIC +1.7%, BIIB +1.6%, VRTX +1.5%, ASX +1.5%, ABMD +1%
M&A news:
- MGI +30.5% (near a deal to be acquired by an Alibaba (BABA) affiliate, according to the WSJ)
- WGL +3.3% (WGL Holdings to be acquired by AltaGas for $88.25/share in cash, or approximately CAD$8.4 bln)
Other news:
- AVGR +37% (Avinger announces positive two-year clinical data from the pivotal VISION study of the company's Lumivascular technology)
- EGY +4.3% ( reported Q4 production results)
- RBS +3.6% (provides update to write-downs related to RMBS investigations and litigation)
- NOK +2.6% (in sympathy with ERIC)
- WTW +2.3% (Kraft Heinz and Oprah Winfrey announce joint venture called Mealtime Stories)
- PULM +1.8% (following 65%+ move higher on Wednesday)
- FCH +1.5% (following late move higher on sale speculation)
- PYPL +1.2% (in sympathy with EBAY)
Analyst comments:
- BANC +4.7% (upgraded to Outperform from Mkt Perform at FBR & Co)
- SGMS +2.9% (upgraded to Buy at BofA/Merrill)
- ABB +1.1% (upgraded to Buy from Hold at Nordea)