>>> US Gapping up

Gapping up
In reaction to strong earnings/guidance
: ISCA +4.3%, WAG +0.4%.

Select financial related names showing strength: CS +1.4%, DB +1.3%, BCS +0.8%, UBS +0.8%, RBS +0.6%.

Other news: DRL +32% (cont strength following yesterday's court appeal win), VRS +23.1% (commences debt exchange offers ), APP +12% (Apparel CEO has given stake to hedge fund, according to reports), ATNY +6% (received new order to supply high-power amplifier systems as part of a DoD maritime requirement), BODY +3.7% (disclosed Richard Walters appointed as CFO, Fred Lamster was appointed to the Board of Directors and named Chairman), LULU +3.6% (founder considering buyout despite hurdles a deal may face, according to reports), PCAR +3.5% (M&A speculation, Volkswagon (VLKAY) has denied that it is bidding for PCAR next year following Daimler (DDAIF) comments, according to reports), RYAAY +2.9% (may be attributed to exec comments suggesting strong June traffic), GSAT +2.3% (cont strength), QTS +1.7% (acquired New Jersey data center from McGraw Hill Financial (MHFI) and formed strategic partnership with ATOS), LITB +1.7% (still checking), RAD +1.5% (trading higher ahead of SSS release), SFLY +1% (cont specluation of M&A), GPRO +1% (continued vol after recent IPO), TSLA +0.9% (following PA store news),VOD +0.9% (Vodafone PLC and ESB to invest EUR 450 million in 100% fibre broadband network across Ireland in European first).

Analyst comments: AERI +4.2% (initiated with a Buy at Canaccord Genuity), CREE +2.6% (upgraded to Outperform from Perform at Oppenheimer), ITMN +1.9% (disclosed that the FDA has acknowledged receipt of the resubmitted Class 2 New Drug Application for pirfenidone, which the Company resubmitted to the FDA on May 23, 2014), TS +1.8% (upgraded to Neutral from Sell at Goldman)