Gapping up
In reaction to strong earnings/guidance: ATHM +7.3%, MHR +6.4%, PANW +4.6%, GTAT +1.2%.
M&A news:TQNT +20.8% and RFMD +17% (TriQuint Semi and RFMD announces merger of equals; represents an implied price of $9.73 for each TriQuint share), GAME +12.3% (Shanda may sell main business to ALBCF.PK to $3.2 bln, according to reports), JOSB +7.7% and MW +4.2% (Men's Wearhouse increases cash offer for Jos. A. Bank to $63.50 Per Share).
Select financial related names showing strength: IRE +1.8% DB +1.2% (Deutsche Bank to cut US assets by $100 bln, according to reports), BBVA +1.2%, SAN +1.1%, C +0.7% (Citigroup's OneMain attracting interest, according to reports out).
Metals/mining stocks trading higher: HL +3.9%, AG +2.6%, PAAS +2.5%, GG +2.2%, ABX +2.1% (Midway Gold formalizes JV with Barrick Spring Valley, Nevada), EGO +1.8% (announces CDH Investments is to acquire a 20% interest in the Eastern Dragon project in Heilongjiang Province, China, for cash consideration of $40 ml), GDX +1.8%, SLV +1.1%.
Select oil/gas related names showing strength: CHK +2.4% (announces it is pursuing strategic alternatives for its Oilfield Services Division), SDRL +1.5%, TOT +1.2% ( upgraded to Overweight from Equal Weight at Barclays), SLB +1%, BP +0.8%.
Other news: SINA +6.2% (SINA has hired banks for Weibo IPO, according to reports), AMRN +4.8% (confirms FDA Award of three-year exclusivity for Vascepa Capsules), KNDI +4.8% (following reports of rental expansion), CLSN +4.4% (announces FDA Clearance of the OPTIMA Study), NQ +4.3% (NQ Mobile and Samsung confirm global distribution deal for Samsung KNOX on device security service), BBRY +3.9% (BlackBerry announce BBM for Windows Phone and Nokia X platforms), LVS +2.6% (still checking), PFE +2.5% (Pfizer announces positive top-line results of landmark community-acquired pneumonia immunization trial in adults (CAPiTA) evaluating efficacy of Prevenar 13), GRPN +1.6% (still checking), WAC +1.5% (late move higher on OCN / WFC news,CMCSA +1.5% (Comcast and Netflix announce a mutually beneficial interconnection agreement that will provide Comcast's U.S. broadband customers with Netflix videos; CMCSA upgraded to Outperform from Sector Perform at Pacific Crest), MD +1.5% (announces acquisition of Great Lakes Anesthesia Associates, a private practice physician group based in Grand Blanc, Michigan; expected to be immediately accretive to earnings), OCN +1.2% and ASPS +0.4% (late move higher on OCN / WFC news).
Analyst comments: AGEN +5.7% ( initiated with a Buy at H.C. Wainwright ), GNVC +4.9% ( initiated with a Buy at H.C. Wainwright ), PPC +2.6% (upgraded to Buy from Hold at BB&T), CSIQ +1.9% (Canadian Solar initiated with an Overweight at JPMorgan), TWO +1.1% (upgraded to Buy at Wunderlich), JWN +0.9% (upgraded to Neutral from Underweight at Atlantic Equities)
M&A news:TQNT +20.8% and RFMD +17% (TriQuint Semi and RFMD announces merger of equals; represents an implied price of $9.73 for each TriQuint share), GAME +12.3% (Shanda may sell main business to ALBCF.PK to $3.2 bln, according to reports), JOSB +7.7% and MW +4.2% (Men's Wearhouse increases cash offer for Jos. A. Bank to $63.50 Per Share).
Select financial related names showing strength: IRE +1.8% DB +1.2% (Deutsche Bank to cut US assets by $100 bln, according to reports), BBVA +1.2%, SAN +1.1%, C +0.7% (Citigroup's OneMain attracting interest, according to reports out).
Metals/mining stocks trading higher: HL +3.9%, AG +2.6%, PAAS +2.5%, GG +2.2%, ABX +2.1% (Midway Gold formalizes JV with Barrick Spring Valley, Nevada), EGO +1.8% (announces CDH Investments is to acquire a 20% interest in the Eastern Dragon project in Heilongjiang Province, China, for cash consideration of $40 ml), GDX +1.8%, SLV +1.1%.
Select oil/gas related names showing strength: CHK +2.4% (announces it is pursuing strategic alternatives for its Oilfield Services Division), SDRL +1.5%, TOT +1.2% ( upgraded to Overweight from Equal Weight at Barclays), SLB +1%, BP +0.8%.
Other news: SINA +6.2% (SINA has hired banks for Weibo IPO, according to reports), AMRN +4.8% (confirms FDA Award of three-year exclusivity for Vascepa Capsules), KNDI +4.8% (following reports of rental expansion), CLSN +4.4% (announces FDA Clearance of the OPTIMA Study), NQ +4.3% (NQ Mobile and Samsung confirm global distribution deal for Samsung KNOX on device security service), BBRY +3.9% (BlackBerry announce BBM for Windows Phone and Nokia X platforms), LVS +2.6% (still checking), PFE +2.5% (Pfizer announces positive top-line results of landmark community-acquired pneumonia immunization trial in adults (CAPiTA) evaluating efficacy of Prevenar 13), GRPN +1.6% (still checking), WAC +1.5% (late move higher on OCN / WFC news,CMCSA +1.5% (Comcast and Netflix announce a mutually beneficial interconnection agreement that will provide Comcast's U.S. broadband customers with Netflix videos; CMCSA upgraded to Outperform from Sector Perform at Pacific Crest), MD +1.5% (announces acquisition of Great Lakes Anesthesia Associates, a private practice physician group based in Grand Blanc, Michigan; expected to be immediately accretive to earnings), OCN +1.2% and ASPS +0.4% (late move higher on OCN / WFC news).
Analyst comments: AGEN +5.7% ( initiated with a Buy at H.C. Wainwright ), GNVC +4.9% ( initiated with a Buy at H.C. Wainwright ), PPC +2.6% (upgraded to Buy from Hold at BB&T), CSIQ +1.9% (Canadian Solar initiated with an Overweight at JPMorgan), TWO +1.1% (upgraded to Buy at Wunderlich), JWN +0.9% (upgraded to Neutral from Underweight at Atlantic Equities)