Gapping up
In reaction to strong earnings/guidance:
- NAV +10.2%, DRI +2.7%, SOL +2.3%,
M&A news:
- CBI +9.8% (To merge with MDR; Settles agreement with Cameron LNG)
- VIPS +2.4% (Continuation following Monday announcement that Tencent is investing in the company)
Other news:
- OTIV +22.7% (Following Monday's 120% move higher),
- CLNT +15.8% (Enters into share and purchase agreement with AnyWorkspace to expand coworking space business),
- RIOT +9.3% (Continued strength after 28% move higher on Monday),
- CARS +9.3% (Jumps on Starboard 9.9% active stake disclosure),
- NXTD (Subsidiary Fit Pay & Australia and New Zealand Banking Group (ANZBY) reach agreement to extend contactless payment capabilities to a range of new devices)
- AMPE +8.1% (Continued strength after 25% move higher),
- SCMP +6.6% (Initiated with Buy and $43 tgt at Nomura / Instinet),
- KTOS +6.2% (Announces its Unmanned Systems Division recently received a single award IDIQ contract, with a $27 million ceiling from a U.S. Government Agency related to unmanned drone systems),
- NMM +4.2% (Still Checking),
- MDGL +2.3% (Prices public offering of 1,506,025 shares of its common stock at a public offering price of $83.00 per share)
- ESRX +0.7% (Board adds 45 mln shares to repurchase authorization).
Analyst comments:
- SCMP +6.6% (Initiated with a Buy at Nomura; tgt $43),
- MTCH +3% (Upgraded to Buy from Neutral at Guggenheim),
- GM +1.4% (Upgraded to Outperform from Sector Perform at RBC Capital Mkts),
- KORS +1.3% (Initiated with a Buy at Needham; tgt $69),
- NSA +1.1% (Upgraded to Outperform from Market Perform at Wells Fargo),
- CL +0.7% (Upgraded to Outperform from Neutral at Macquarie).
