Gapping upBrazil ADRs extending yesterday's move higher - iShares Brazil ETF (EWZ +0.5%): GGB +2.7%, VALE +2.4%, CIG +1.8%, BBD +1.1%, BBL +3%
Select metals/mining names are trading higher: BBL +3%, RIO +2.5%, BHP +2.4%, GFI +1%, GOLD +0.9%, PAAS +0.4%
Semi/tech names seeing continued strength: NVDA +1.6%, AMD +1.5%, MU +0.6%
Other news:
- CEMP +3.4% (light volume, closed down 5% on the day)
- GLBL +2.5% (Knighthead Capital Management increases active stake to 6.43%)
- MDXG +1.8% (EpiFix product has received coverage from insurer Aetna)
- YELP +2.6%, CHK +1.1% and ALV +1.1% (still checking)
- CETX +0.8% (will launch its previously announced $15.0 million subscription rights offering tomorrow)
- PAA +0.3% (discloses equity distribution agreement; to sell $500 mln in Class A shares representing limited partner interests)
- AAPL +0.2% (Apple Insider reported that Apple plans to introduce iPhone 7S with 5 inch screen in 2017)
- BP +0.2% (Woolworths confirms sale of 527 Woolworths sites and 16 development sites for A$1.785 bln)
Analyst comments:
- BK +1% (upgraded to Strong Buy from Outperform at Raymond James; tgt raised to $57 from $50)
- AMZN +0.3% (named Top Pick for 2017 at Evercore, Buy rating reiterated at Cantor Fitzgerald)
- BABA +0.2% (named top Internet picks for 2017 at Evercore)