Gapping up
In reaction to strong earnings/guidance: CMCM +7%, YY +4.3%, IGT +4.3%
M&A news:
In reaction to strong earnings/guidance: CMCM +7%, YY +4.3%, IGT +4.3%
M&A news:
- HW +17.5% (to be acquired by Boral Limited for $24.25 per share)
- MSTX +15.6% (announced it has received several written indications of interest from privately-held companies)
- LOCK +14.6% (to be acquired for $24 per share by Symantec (SYMC))
- AMCC +10.3% (to be acquired by MACOM Technology Solutions (MTSI) for approx. $8.36/share)
Select shipping related names showing continued strength: RLOG +13.8%, DRYS +8.4%, DCIX +6.7%, ATW +6%
Select metals/mining stocks trading higher:
Select metals/mining stocks trading higher:
- VALE +4.3%, GFI +3.1%, FCX +3%, AU +2.6%, AUY +2.6%, BBL +2.3%, GOLD +2%, BHP +1.9%, RIO +1.9%, NEM+1.6%, KGC +1.5%, ABX +1.3%, GDX +1.2%
Select oil/gas related names showing strength: CHK +4.4%, PBR +3.8%, WLL +3.5%, OAS +3%, BP +2%, TOT +1.7%
Other news:
Other news:
- LVS +2.1% (still checking, but may be in sympathy with MPEL upgrade)
- OMER +1.4% (announces 'successful' results from its post-marketing clinical trial of the effect of OMIDRIA 1% / 0.3% in pediatric patients undergoing cataract surgery)
- FB +1.2% (discloses $6.0 billion stock buyback)
- C +0.8% (will increase its common stock repurchase program by up to $1.75 billion)
Analyst comments:
- ZTO +3.2% (initiated with a Overweight at Morgan Stanley)
- MPEL +2.8% (upgraded to Outperform at Credit Suisse)
- CNX +2% (upgraded to Overweight from Equal-Weight at Morgan Stanley)
- HSBC +1.5% (upgraded to Market Perform from Underperform at Bernstein)
- MPWR +1.4% (upgraded to Strong Buy from Outperform at Raymond James)
- NFLX +0.9% (initiated with a Buy at Brean Capital)