Gapping up
In reaction to strong earnings/guidance: DEJ +22.9%, COMM +14.3%, TIBX +1.9%, SLW +1%, WLP +0.3%, .
M&A news: LIN +21.9% (Media General and LIN Media to combine; LIN Media shareholders to receive aggregate consideration of $763 million in cash and 49.5 million shares in stock, calc to ~$27.82 per LIN share)... Peers trading higher: GTN +9.7% CETV +4.5%, NXST +3.1%
Select financial related names showing strength boosted by stress test results: SAN +0.9%, MS +0.8%, DB +0.5% (still facing 4 lawsuits over bad mortgages, according to reports), wfc +0.6%, gs +0.5%, DFS +0.3% (proposes an increase in quarterly dividend to $0.24 per share from $0.20 per share and share repurchases of up to $1.6 bln during the four quarters ending March 31, 2015 ), .
Metals/mining stocks trading higher: MUX +4.9%, IAG +4%, SWC +3.1%, KGC +2.1%, MT +1.9%, BBL +1.7%, BHP +1.6%, RIO +1.5%, GLD +0.9%, SLV +0.9%, GOLD +0.8%.
European drug names trading higher: MRK +2.9%, SNY +1.9% (Genzyme's Lemtrada Approved in Brazil for Treatment of Multiple Sclerosis), NVS +1.5% (UK recommended Bexsero vaccine for inclusion in National Immunisation Programme to help protect against devastating meningitis B ), AZN +0.2%
Other news: UPIP +84.6% (Unwired Plant and Lenovo announce $100 mln patent license and patent purchase transaction), GNK +33.9% (makes $3.1 mln payment on interest payment originally due Feb 18), AVEO +13.8% (regains worldwide rights to AV-203: Agreement with Biogen Idec (BIIB) allows AVEO to seek partner to accelerate clinical development), KIOR +8.4% (disclosed it issued Lenders ATM Warrants to purchase 3,032,406 shares of Class A common stock for exercise price of $1.37 on March 18), ANN +7.7% (Golden Gate Capital discloses 9.5% stake; ANN comments that it welcomes new investors), ASTM +4.6% (continued strength), AKS +3% (announces price increase for hot roll carbon steel to $660 per ton, effective immediately with new orders),YELP +2.5% (Yelp and YP sign strategic deal), ABMD +2.3% (announced that the Centers for Medicare & Medicaid Services has released an updated version of ICD-10 MS-DRGs and maintained assignment to Diagnosis Related Groups 216-221 for the category of devices that includes Impella pumps), JKS +2.2% (still checking), DEG +2.1% (still checking), TXMD +1.9% (prices secondary offering of 9 mln shares at $7.10 per share), ORAN +1.8% (still checking), JDSU +1.7% (still checking), BWLD +1.5% (following positive MadMoney mention), FEYE +1.5% (modestly rebounding), AGO +1.4% (WL Ross & Co and affiliates sell 4 mln common shares), SI +1.4% and ASML +1.3% (still checking), EGLE +1.1% ( announces entry into waiver and forbearance agreement), DRYS+0.9% (following GNK news), CMGE +0.9% ( priced follow-on public offering of 3,442,000 American depositary shares at $24.00 per ADS), SBUX +0.7% (expanding alcohol sales, according to reports; Barron's profiles positive view on Starbucks), AMZN +0.5% (has closed China third party store following reports of fake cosmetic sales, according to reports), KBH +0.5% (priced aggregate of 6,944,445 shares of its common stock at $18.00 per share and upsized $400.0 mln in aggregate principal amount of its senior notes due 2019 ), DATA +0.2% (priced public offering of 4 mln shares of Class A common stock at $89.25 per share ).
Analyst comments: PRMW +3.5% (initiated with a Buy at B. Riley & Co.), KERX +3.3% (initiated with a Buy at Mizuho; tgt $25), ABMD +2.1% (ticking higher, upgraded to Buy from Neutral at BTIG Research), ELGX +1.9% (ticking higher, upgraded to Buy from Neutral at BTIG Research ), JDSU +1.7% (strength attributed to analyst upgrade), EXC +1.1% (upgraded to Outperform from Neutral at Credit Suisse), UTX +1.1% (upgraded to Buy from Neutral at Goldman; tgt raised to $138 from $123), CLGX +0.3% ( initiated with a Outperform at Oppenheimer), PGR +0.3% ( upgraded to Outperform from Mkt Perform at William Blair), PKX +0.3% (Posco upgraded to Buy from Neutral at Citigroup), AAPL +0.2% (initiated with an Outperform at Macquarie; tgt $630)
M&A news: LIN +21.9% (Media General and LIN Media to combine; LIN Media shareholders to receive aggregate consideration of $763 million in cash and 49.5 million shares in stock, calc to ~$27.82 per LIN share)... Peers trading higher: GTN +9.7% CETV +4.5%, NXST +3.1%
Select financial related names showing strength boosted by stress test results: SAN +0.9%, MS +0.8%, DB +0.5% (still facing 4 lawsuits over bad mortgages, according to reports), wfc +0.6%, gs +0.5%, DFS +0.3% (proposes an increase in quarterly dividend to $0.24 per share from $0.20 per share and share repurchases of up to $1.6 bln during the four quarters ending March 31, 2015 ), .
Metals/mining stocks trading higher: MUX +4.9%, IAG +4%, SWC +3.1%, KGC +2.1%, MT +1.9%, BBL +1.7%, BHP +1.6%, RIO +1.5%, GLD +0.9%, SLV +0.9%, GOLD +0.8%.
European drug names trading higher: MRK +2.9%, SNY +1.9% (Genzyme's Lemtrada Approved in Brazil for Treatment of Multiple Sclerosis), NVS +1.5% (UK recommended Bexsero vaccine for inclusion in National Immunisation Programme to help protect against devastating meningitis B ), AZN +0.2%
Other news: UPIP +84.6% (Unwired Plant and Lenovo announce $100 mln patent license and patent purchase transaction), GNK +33.9% (makes $3.1 mln payment on interest payment originally due Feb 18), AVEO +13.8% (regains worldwide rights to AV-203: Agreement with Biogen Idec (BIIB) allows AVEO to seek partner to accelerate clinical development), KIOR +8.4% (disclosed it issued Lenders ATM Warrants to purchase 3,032,406 shares of Class A common stock for exercise price of $1.37 on March 18), ANN +7.7% (Golden Gate Capital discloses 9.5% stake; ANN comments that it welcomes new investors), ASTM +4.6% (continued strength), AKS +3% (announces price increase for hot roll carbon steel to $660 per ton, effective immediately with new orders),YELP +2.5% (Yelp and YP sign strategic deal), ABMD +2.3% (announced that the Centers for Medicare & Medicaid Services has released an updated version of ICD-10 MS-DRGs and maintained assignment to Diagnosis Related Groups 216-221 for the category of devices that includes Impella pumps), JKS +2.2% (still checking), DEG +2.1% (still checking), TXMD +1.9% (prices secondary offering of 9 mln shares at $7.10 per share), ORAN +1.8% (still checking), JDSU +1.7% (still checking), BWLD +1.5% (following positive MadMoney mention), FEYE +1.5% (modestly rebounding), AGO +1.4% (WL Ross & Co and affiliates sell 4 mln common shares), SI +1.4% and ASML +1.3% (still checking), EGLE +1.1% ( announces entry into waiver and forbearance agreement), DRYS+0.9% (following GNK news), CMGE +0.9% ( priced follow-on public offering of 3,442,000 American depositary shares at $24.00 per ADS), SBUX +0.7% (expanding alcohol sales, according to reports; Barron's profiles positive view on Starbucks), AMZN +0.5% (has closed China third party store following reports of fake cosmetic sales, according to reports), KBH +0.5% (priced aggregate of 6,944,445 shares of its common stock at $18.00 per share and upsized $400.0 mln in aggregate principal amount of its senior notes due 2019 ), DATA +0.2% (priced public offering of 4 mln shares of Class A common stock at $89.25 per share ).
Analyst comments: PRMW +3.5% (initiated with a Buy at B. Riley & Co.), KERX +3.3% (initiated with a Buy at Mizuho; tgt $25), ABMD +2.1% (ticking higher, upgraded to Buy from Neutral at BTIG Research), ELGX +1.9% (ticking higher, upgraded to Buy from Neutral at BTIG Research ), JDSU +1.7% (strength attributed to analyst upgrade), EXC +1.1% (upgraded to Outperform from Neutral at Credit Suisse), UTX +1.1% (upgraded to Buy from Neutral at Goldman; tgt raised to $138 from $123), CLGX +0.3% ( initiated with a Outperform at Oppenheimer), PGR +0.3% ( upgraded to Outperform from Mkt Perform at William Blair), PKX +0.3% (Posco upgraded to Buy from Neutral at Citigroup), AAPL +0.2% (initiated with an Outperform at Macquarie; tgt $630)