Gapping up
In reaction to strong earnings/guidance: EA +16.9%, ARRS +13.1%, ENPH +9.1% (light volume), OXGN +7.2% (light volume), STXS +6.7%, JIVE +6.5%, GALE +5.7%, MDLZ +5.1%, (also co is merging its coffee business with D.E Master Blenders, to be called Jacobs Douwe Egberts; announces new restructuring program), ZAGG +5% (light volume), TTGT +4.9%, (light volume), PEGA +4.6%, VSI +4.5%, FSLR +4.4%, WPX +3.9% (also plans to sell certain working interests for $355 million), PRCP +3.7%, NOA +3.5%, (light volume), ATVI +3.3%, EXAM +3%, (light volume), TRIP +2.9%, (signs exclusive offer to acquire lafourchette; terms not disclosed), IAG +2.8%, (light volume), PXD +2.6%, RDN +2.5%, (filed for a mixed securities shelf offering for an undisclosed amount), CHK +2.3%, PZZA +2.1% (light volume), DEG +2.1%, SI +2.1%, TRMR +2%, (light volume), CHK +1.9%, DVN +1.2%, DIS +1%, MRO +0.9%, NYMT +0.9%, PBPB +0.7%, CTSH +0.7%, ETP +0.4%, TRNX +0.3% (light volume), AGU +0.2%.
A few battery related names showing strength: QTWW +20.1% (partners with Ryder to offer new technology for compressed natural gas truck fleets), PLUG +2.9%, CPST +2.8%, TSLA +0.6% (Barron's profiles positive options trade on Tesla).
Select metals/mining stocks trading higher: HMY +2.5%, AUY +2.2%, SLV +1.1%, .
Select oil/gas related names showing strength: FST +4.4% (upgraded to Equal Weight from Underweight at Morgan Stanley), ECA +3.2% (Freeport-McMoRan announces agreement to sell Eagle Ford interests for $3.1 bln to a subsidiary of Encana), TOT +1.5%, STO +1.3% (starts latest Gulf of Mexico drilling campaign; Says 70% oil recovery is achievable in its Johan Sverdrup field in the Norwegian continental shelf ), SDRL +1% (Seadrill Ltd announces disclosure regarding Sevan Drilling ASA ), HFC +0.2% (upgraded to Outperform from Neutral at Credit Suisse) .
Other news: TNET +18.1% (light volume, not seeing catalyst, recent IPO), CZR +7.8% (announces comprehensive financing plan designed to position Caesars Entertainment operating co for stock listing and significant deleveraging; CEOC launches first lien incremental term loan and refinancing of all 2015 maturities), EXEL +7.4% (Exelixis presents final Phase 1b data for Cobimetinib in combination with Vemurafenib), MNGA +7.1% (Magnegas Signs New California Distributor), MNKD +5.4% (checking for catalyst-confirmed to report earnings next week on May 12), VECO +2.9% (appoints Shubham Maheshwari as Chief Financial Officer), PCRX +2.9% (still checking), PHG +2.6% (still checking), ELX +2.6% (insider buy disclosure), RYAAY +1.9% (still checking), SFNC +1.7% (announces agreement to acquire Community First Bancshares for ~$243.4 mln; transaction is expected to be immediately accretive ), HCA +1.6% (HCA lead bidder for Healthscope, according to reports out ), HLF +1.1% (entered into an agreement with Bank of America Merrill Lynch to repurchase $266 million of Herbalife's common shares), YHOO +0.7% (Alibaba files for US IPO), MMLP +0.5% (prices public offering of 3.6 mln common units at $41.51 per unit ), PCLN +0.3% (following TRIP results).
Analyst comments: HLT +2.2% (upgraded to Overweight from Equal Weight at Morgan Stanley), JCP +1.4% (upgraded to Neutral from Sell at UBS; tgt raised to $9 from $4 ), AEIS +0.2% (upgraded to Strong Buy from Outperform at Raymond James),