Gapping up
In reaction to strong earnings/guidance: S +13.5%, COH +8.4%, SANM +8%,PHG +6.1%, RMBS +5.7%, (also announced has acquired Smart Card Software for £64.7M in cash), SWFT +5.3%, FCX +5.3%, PH +2.8%, HTLF+2.7%, STLD +2.3%, IIVI +2.1%, MMM +1.8%, PRK +1.4%, DHR +1.3%, PG+1.2%, AUDC +1%, PCH +0.7%, JNJ +0.5%
M&A news: FMER +25.6% (to be acquired by Huntington Bancshares (HBAN)), AIG +1.2% (to sell AIG Advisor Group to Lightyear Capital and PSP Investments)
Select metals/mining stocks trading higher: AU +7.3%, GFI +6.2%, AG+4.1%, IAG +3.9%, MT +3.1%, HMY +2.2%, GOLD +2%, RIO +1.5%, ABX+1.3%, GDX +1.1%
Select oil/gas related names showing strength: STO +3.3%, SDRL +2.7%,RIG +2.5%, TOT +2.4%, RDS.A +1.7%, CHK +1.7%, BP +1.3%, COP +0.8%
Other news: RLYP +10.1% (reported results from Phase 1 in vivo studies evaluating potential drug-drug interactions between Veltassa and 12 drugs), PETX +9.1% (filed an administrative New Animal Drug Application with the FDA's Center for Veterinary Medicine for Galliprant for the control of pain and inflammation in dogs with osteoarthritis), SDLP +8.8% (affirms reduced quarterly distribution of $0.25/unit ), SUNE +2.6% (Greenlight Capital discloses increased 7.8% active stake, details recent discussions with representatives of the Board), SCTY +2.3% (closes a $160 million five-year term facility; will provide additional financing for approximately 195 MW), LULU +1.9% (Lone Pine Capital discloses 5.0% passive stake), GSK +1.8% (still checking), PCP +1.6% (Berkshire Hathaway and Precision Castparts (PCP) expect acquisition of PCP by Berkshire to close on Friday, Jan 29 ), JKS +1.1% (entered into an agreement to supply up to one gigawatt of solar PV modules to sPower)
Analyst comments: HIG +1% (upgraded to Overweight from Neutral at Atlantic Equities)
In reaction to strong earnings/guidance: S +13.5%, COH +8.4%, SANM +8%,PHG +6.1%, RMBS +5.7%, (also announced has acquired Smart Card Software for £64.7M in cash), SWFT +5.3%, FCX +5.3%, PH +2.8%, HTLF+2.7%, STLD +2.3%, IIVI +2.1%, MMM +1.8%, PRK +1.4%, DHR +1.3%, PG+1.2%, AUDC +1%, PCH +0.7%, JNJ +0.5%
M&A news: FMER +25.6% (to be acquired by Huntington Bancshares (HBAN)), AIG +1.2% (to sell AIG Advisor Group to Lightyear Capital and PSP Investments)
Select metals/mining stocks trading higher: AU +7.3%, GFI +6.2%, AG+4.1%, IAG +3.9%, MT +3.1%, HMY +2.2%, GOLD +2%, RIO +1.5%, ABX+1.3%, GDX +1.1%
Select oil/gas related names showing strength: STO +3.3%, SDRL +2.7%,RIG +2.5%, TOT +2.4%, RDS.A +1.7%, CHK +1.7%, BP +1.3%, COP +0.8%
Other news: RLYP +10.1% (reported results from Phase 1 in vivo studies evaluating potential drug-drug interactions between Veltassa and 12 drugs), PETX +9.1% (filed an administrative New Animal Drug Application with the FDA's Center for Veterinary Medicine for Galliprant for the control of pain and inflammation in dogs with osteoarthritis), SDLP +8.8% (affirms reduced quarterly distribution of $0.25/unit ), SUNE +2.6% (Greenlight Capital discloses increased 7.8% active stake, details recent discussions with representatives of the Board), SCTY +2.3% (closes a $160 million five-year term facility; will provide additional financing for approximately 195 MW), LULU +1.9% (Lone Pine Capital discloses 5.0% passive stake), GSK +1.8% (still checking), PCP +1.6% (Berkshire Hathaway and Precision Castparts (PCP) expect acquisition of PCP by Berkshire to close on Friday, Jan 29 ), JKS +1.1% (entered into an agreement to supply up to one gigawatt of solar PV modules to sPower)
Analyst comments: HIG +1% (upgraded to Overweight from Neutral at Atlantic Equities)