Gapping up
In reaction to strong earnings/guidance:
In reaction to strong earnings/guidance:
- DAKT +15.4%, BBY +14.2%, HQCL +11.1%, YGE +7%, IMUC +5%, NQ +4.2%
- EVAR +2.6%, (announces process to explore strategic alternatives), NDSN +2.5%, TSL +2.1%
M&A news:
- MON +4.3% (Bayer (BAYRY) talks to acquire MON might be moving forward, according to Bloomberg)
- BUD +1.3% (SABMiller plc confirms the completion of the UK Scheme directions)
Select EU financial related names showing strength: RBS +3.2%, DB +2.3%, BCS +2.2%, SAN +2.2%, BBVA +1.4%, LYG+1.3%, ING +1.2%
Select metals/mining stocks trading higher: RIO +1.9%, MT +1.7%, AG +1.6%, CLF +1.1%
Other news:
Select metals/mining stocks trading higher: RIO +1.9%, MT +1.7%, AG +1.6%, CLF +1.1%
Other news:
- MBLX +111.1% (enters a binding LOI w/ CJ CheilJedang Corp for the sale of its biopolymer intellectual property and certain laboratory equipment for a total purchase price of $10 mln)
- BCRX +7.9% (D. E. Shaw & Co discloses 5.1% passive stake )
- SCVL +5.7% (Chemical Financial will replace Supervalu in the S&P MidCap 400)
- AMDA +5.6% (receives 510K clearance from FDA for Valeo II interbody fusion device system)
- DATA +4.8% (appoints Adam Selipsky as president and CEO effective September 16; current CEO Christian Chabot will continue to serve as chairman of its board )
- EGRX +4.7% (to join S&P SmallCap 600)
- MBLY +4.6% (Mobileye (MBLY) and Delphi Automotive PLC (DLPH) announced a partnership to jointly develop a complete SAE Level 4/5 automated driving solution)
- ALIM +4.5% (Great Point Partners discloses 5.12% passive stake)
- CHFC +4.3% (to join S&P MidCap 400)
- GPRO +2.6% (after BBY said 'health and wearables' are growings)
- OCLR +2.3% (completes the exchanges for all $65 mln of its 6% Convertible Senior Notes due 2020)
- JKS +2% (in sympathy with TSL and YGE (earnings))
- VRX +1.3% (continued strength)
Analyst comments:
- RESI +4.3% (upgraded to Buy from Neutral at Nomura)
- SQ +4.3% (upgraded to Buy from Hold at Stifel)
- CF +3.2% (upgraded to Buy from Neutral at UBS)
- BHP +2.7% (upgraded to Buy from Hold at Jefferies)
- BT +1.4% (upgraded to Buy from Hold at Landesbank Baden-Württemberg)