>>> US Gapping up

Gapping up

In reaction to strong earnings/guidance:

  • SKX +8.3% (beats EPS, guides Q4 above), PYPL +7% (beat Q3, strong metrics; encouragement around Venmo monetization) CLF +6.6% (Beat EPS ests; initiates dividend) VFC +4% (beat and raise, increased dividend) PG +3.8% (organic sales growth aclerated to +4%) CE +3.4% (issued upside guidance for FY18 EPS), HON +2.8% (beat Q3 estimates) ISRG +2.4% (beat Q3 ests, raised FY18 Procedural Growth guidance on call), WERN +1.9% (beat Q3) AXP +1.9% (beat Q3, raised FY18), CP +1.5% (beat Q3 EPS, raised FY18) IPG +1.4% (beat Q3 estimates) ETFC +0.7% (beat Q3, not looking to sell)

M&A news:

  • VLP +6.4% (acquired by Valero (VLO) for $42.25/unit)

Chinese stocks gapping up:

  • WUBA +3.7% ASHR +3.5% YY +3.3% MOMO +3.3% BILI +3.0% SINA +2.9% SOHU +2.8% TCEHY +2.7% JD +2.6%. 

Other news:

  • AVXL +21.1% (FDA accepted IND for ANAVEX2-73), CAL +11.2% (announced acquisition of Vionic for $360 mln), TTGT +10% (to join S&P SmallCap 600), CLVS +5% (initial Phase 2 TRITON2 data), TSLA +1.9% (released lower cost Model 3), FBC +1.8% (slated to join S&P SmallCap 600), MU +1% ( to exercise right to call Intel's (INTC) interest in IM Flash Technologies JV for $1.5 bln)

Analyst comments:

  • VRAY +6.2% (Baird initiates Outperform), XRAY +4.1% (upgraded to Buy from Sell at Goldman), ROKU +3.5% (upgraded to Buy at RBC), DIS +1.6% (upgraded to OW at Barclays), AAPL +1% (Wedbush initiates Outperform with Street-high $310 tgt, adds to Best Ideas List ), MSFT +0.9% (Wedbush initiates Outperform)