Gapping up
In reaction to strong earnings/guidance:
- CMCM +12.2%, HMI +11.6%
M&A news:
- SODA +10.2% (to be acquired by PepsiCo (PEP) for $144/share in cash, or approximately $3.2 bln)
- AHL +2.9% (Aspen Insurance said to be nearing a $2.5 bln takeover deal with Apollo (APO), according to Insurance Insider)
Select China related names showing strength:
- BZUN +2.6%, MOMO +2.2%, JD +1.6%, SINA +1.5%
Select metals/mining stocks trading higher:
- AU +2.9%, FCX +1.5%, BBL +1.3%, MT +1.3%, BHP +1.1%, ABX +1%
Other news:
- ALXN +2.1% (announces that the FDA has accepted for priority review the Biologics License Application for ALXN1210)
- RDHL +1.8% (received a Notice of Allowance from the USPTO for a new formulation patent covering RHB-106)
- AZN +1% (advancing understanding of cardio-renal-metabolic interconnectivity with new evidence at ESC 2018)
- BA +0.5% (awarded $217 mln Defense Logistics Agency Aviation contract with Dec 30, 2022 performance completion date and $152 mln Navy contract)
Analyst comments:
- MIXT +6.9% (upgraded to Strong Buy from Outperform at Raymond James)
- TEX +2.5% (upgraded to Neutral from Underperform at Robert W. Baird)
- NKE +2.3% (upgraded to Overweight from Neutral at Piper Jaffray)
- QCOM +0.5% (upgraded to Buy from Neutral at Rosenblatt)
![]()