Gapping up
In reaction to strong earnings/guidance: ALIM +29.2%, CRY +10.2%, EXAS +9.1%, EVER +6.8%, TXN +6.6%, CETV+5.4%, CR +5.3%, LVS +3.6%, MBLY +3.4%, AUDC +3.2%, CNC +3.2%, ATI +2.6%, CNXC +2.5%, ( elects not to pay a distribution to holders of subordinated units for Q2), CLGX +2.5%, KKR +2.4%, MAS +2.2%, ARLP +2%, AOS +1.5%, LLY+1.5%, SIRI +1.2%, FIS +1%, IPAR +0.9%, (Inter Parfums reports prelim Q2 sales above consensus; on track to achieve 2016 net sales guidance), DD +0.9%, UTX +0.8%, ESRX +0.5%
M&A news:
In reaction to strong earnings/guidance: ALIM +29.2%, CRY +10.2%, EXAS +9.1%, EVER +6.8%, TXN +6.6%, CETV+5.4%, CR +5.3%, LVS +3.6%, MBLY +3.4%, AUDC +3.2%, CNC +3.2%, ATI +2.6%, CNXC +2.5%, ( elects not to pay a distribution to holders of subordinated units for Q2), CLGX +2.5%, KKR +2.4%, MAS +2.2%, ARLP +2%, AOS +1.5%, LLY+1.5%, SIRI +1.2%, FIS +1%, IPAR +0.9%, (Inter Parfums reports prelim Q2 sales above consensus; on track to achieve 2016 net sales guidance), DD +0.9%, UTX +0.8%, ESRX +0.5%
M&A news:
- SWHC +2.1% (Smith & Wesson to acquire Crimson Trace for $95.0 mln, subject to certain adjustments, utilizing cash on hand; expects the acquisition to be accretive to its EPS in fiscal 2017)
- BUD +1.3% (Anheuser-Busch InBev (BUD) revises offer to GBP 45/share in cash (from GBP 44/share prior))
- P +1.0% (following late surge higher -- reports that the company hired advisor for strategic options)
Select metals/mining stocks trading higher: GFI +4.2%, DRD +3%, RIO +2.2%, AKS +1.8%, HMY +1.7%, KGC +1.7%,BBL +1.7%, AG +1.6%, GOLD +1.5%, BHP +1.4%
Other news:
Other news:
- VKTX +11.7% (announces 'positive' top-line results from a proof-of-concept study of VK0214 in a mouse model of X-linked adrenoleukodystrophy)
- SGY +8.6% (announces estimated production for the quarter ended June 30, 2016 of ~29 MBoe (174 MMcfe) per day, slightly above the upper end of guidance for the quarter)
- BEAT +6.7% (to join S&P SmallCap 600)
- ANCB +6% (Anchor Bancorp engages investment banking firm to assist it in identifying and evaluating various strategic options and operating scenarios)
- MPEL +5% (following LVS earnings)
- BT +4.6% (makes governance changes to further increase independence for Openreach), GALE +3.9% (files for 3,658,012 share common stock offering by selling shareholders)
- RAVN +3.9% (to join S&P SmallCap 600)
- NFLX +3.7% (following Director J. Hoag's disclosure of purchase of 600K shares worth ~$51.9 mln (was disclosed last night, purchases made 7/21-7/25))
- WYNN +3.1% (following LVS earnings)
- NXPI +1.9% (following TXN earnings)
- MGM +1.4% (following LVS earnings)
- MBFI +1.2% (to join S&P MidCap 400)
- MXIM +1% (following TXN earnings)
- ADI +0.9% (following TXN earnings)
Analyst comments:
- SFM +3.3% (upgraded to Buy from Sell at Goldman)
- FMSA +2% (upgraded to Outperform at Cowen)
- JWN +1.8% (upgraded to Overweight from Neutral at Piper Jaffray)
- LYG +1.7% (upgraded to Hold from Sell at Berenberg)
- XXIA +1.6% (upgraded to Buy from Hold at Stifel)
- KR +1.4% (upgraded to Buy from Neutral at Goldman; added to Conviction Buy List)
- ALKS +1.1% (upgraded to Outperform from Market Perform at Cowen)
- SBUX +1% (added to Conviction Buy List at Goldman)