Gapping up
In reaction to strong earnings/guidance: SANM +9.8%, (Sanmina upgraded to Market Perform from Underperform at Raymond James), LXK +8.8%, APD +8.1%, (light volume), SIMO +6.9%, SMED +4.7%, (thinly traded), X +4.1%, CMCSA +3.4%, AAL +3%, PFE +2.8%, DHI +2.7%, F +2.3%, DD +1.8%, CVTI +1%, (light volume), ITW +1% (also reports out yesterday indicated packaging unit receiving interest from PE firms)
M&A news: TXI +2.7% (MLM will acquire all of the outstanding shares of TXI common stock in a tax-free, stock-for-stock transaction; based on the closing stock price for MLM on Jan 27, 2014, this consideration would be equivalent to $71.95 of MLM stock for each TXI share).
Select financial related names showing strength: LYG +3.4%, ING +2.8%, PUK +2.3%, BCS +2.2%, UBS +1.4%, CS +1.3%, DB +1.1%, C +1%, BAC +0.9%.
Metals/mining higher: MT +4% (upgraded to Outperform from Sector Perform at RBC Capital), RIO +2.4% ( in discussions to sell Quebec aluminum plant, according to reports), BHP +1% (upgraded to Neutral from Underperform at Exane BNP Paribas),
Solar names trading higher: JKS +5.5%, CSIQ +4.5%, YGE +4.1%, JASO +2.7%, SPWR +1.5% (announces program with Bank of America Merrill Lynch to Finance $220 Million in Residential Solar Lease Projects ), FSLR +1.4%
Select China internet related names seeing early strength: YY +5.6%, QIHU +3.3%, BIDU +2.6%, SINA +0.5%.
A few Brazil names are trading higher: BSBR +2.6%, BBD +2.2% FBR +1.9%, GFA +1.9%, BBVA +1.6%, CPL +1.5%, VIV +1.2%, VALE +0.8%, PBR +0.7%
Other news: PRXI +7.8% (announces partnership to bring King Tut Exhibition to North America), CTIC +7.8% ( announces GOG completes patient enrollment in GOG-0212 Phase 3 clinical trial of Paclitaxel Poliglumex as maintenance therapy in ovarian cancer), PLUG +5.4% (modestly rebounding), CLF +4.6% ( WSJ discusses that hedge fund Casablanca is pushing for a breakup at CLF; Casablanca Capital Files 13D and Sends Letter to Cliffs Natural Resources), TTM +4.6% (modestly rebounding from weakness following exec death), HLF +4% (continued strength on reports that DA Davidson's HLF (Bullish) anlayst is leaving the firm), CAMT +3.5% (still checking), DDD +3.2% (still checking), SD +3.1% ( lifting on positive Leon Cooperman comments), HIMX +2.5% (Prescription Google Glass frames are now available for developers; CNET reports Google Glass will be available to the public in 'late 2014' ), ARIA +1.8% (Announces Commercial Agreement for Iclusig (Ponatinib) in Australia; continued strength), ISIS +1.6% (positive MadMoney mention), YHOO +1.5% (may purchase app developer Tomfoolery for $16 mln, according to reports), NOK +1.3% (plans to introduce Micrsooft Windows 8.1 based smartphone, according to reports), GM +1.2% (following F results), SYY +1% (positive MadMoney mention), GE +0.9% (CEO bought 40K shares at $25.04 on 1/27 worth ~$1.0 mln), CAT +0.4% (following positive Barron's mention).
Analyst comments: CCL +3.1% ( upgraded to Buy from Hold at Numis), PCL +2.1% (upgraded to Buy at DA Davidson on valuation), AIG +1.5% (added to US 1 List at BofA/Merrill), FTNT +1.2% (upgraded to Outperform from Market Perform at JMP Securities), DFS +1.1% (upgraded to Overweight from Equal-Weight at Morgan Stanley ), GOOG +0.9% ( tgt raised to $1300 from $1150 at Jefferies)