Gapping up
In reaction to earnings/guidance: PHG +3.6%, ASX +0.6%.
M&A news: MIC +6.1% (to acquire the 50% of International-Matex Tank Terminals it does not currently own.for $910.0 mln in cash and $115.0 mln in stock; co to raises Q2 dividend 1.3% to $0.95.), SHPG +0.8% (AbbVie (ABBV) raises bid for Shire; Fourth Proposal represents indicative value of GBP51.151 as of July 7, 2014), .
Select metals/mining stocks trading higher: MUX +2.5%, HMY +2.4%, AUY +1.9%, AU +1.8%, PAAS +1.3%, GDX +0.9%.
Other news: NURO +28.6% (FDA clears NURO wearable technology for OTC use in treatment of chronic pain), CERE +14.3% (licenses DNA browser software to Bayer (BAYRY) CropScience), APP +5.7% (Standard General disclosed 0.9% stake in 13D with letter agreement), DNDN +5.2% (extending late gains in premarket trade), BODY +3.9% (683 Capital Management disclosed 18.9% active stake in 13D filing), PHH +3.3% (completed divestiture of its Fleet Management Services Business; co intends to repurchase up to $450 mln in stock, redeem its 9.25% Sr. Notes due 2016; deploy up to $200 mln to re-engineer mortgage business; invest up to $150 mln in select growth initiatives), GTAT +3.3% (early strength following yesterday's 12% selloff), FSC +2.3% (announces a 10% increase to its monthly dividend), KOOL +2.2% (provides regulatory update on its proposed U.S. Pivotal Critical Limb Ischemia Clinical Trial), TTM +2% (strong India mkts overnight), DRYS +1.6% (announces Ocean Rig UDW (ORIG) proposed offering by its wholly owned subsidiaries of $500.0 mln senior secured notes due 2022), LOV +1.5% (named Michael McConnell Chairman), CEL+1.4% (announces results of its debenture offering in Israel).
Analyst comments: TXMD +22.8% (initiated with a Outperform at FBR Capital), CGI +7% (upgraded to Buy from Hold at Stifel), GRPN +6.2% (upgraded to Buy from Neutral at B. Riley & Co), MRD +3.7% (initiated with an Overweight at Barclays, initiated with a Strong Buy at Raymond James, among others), ABY +3.7% (initiated with a Outperform at RBC Capital Mkts and Buy at Citigroup),GES +2.6% (upgraded to Overweight from Neutral at Piper Jaffray), ECYT +2.3% (assumed with a Buy at Brean Capital), SIMO +1.5% (target raised to $28 at Needham), XRX +0.9% (initiated with a Overweight at Morgan Stanley), WMB +0.7% (added to US Focus list at Credit Suisse), RIO +0.6% (upgraded to Overweight from Equal Weight at Barclays), VALE +0.4% (upgraded to Equal Weight from Underweight at Barclays)
In reaction to earnings/guidance: PHG +3.6%, ASX +0.6%.
M&A news: MIC +6.1% (to acquire the 50% of International-Matex Tank Terminals it does not currently own.for $910.0 mln in cash and $115.0 mln in stock; co to raises Q2 dividend 1.3% to $0.95.), SHPG +0.8% (AbbVie (ABBV) raises bid for Shire; Fourth Proposal represents indicative value of GBP51.151 as of July 7, 2014), .
Select metals/mining stocks trading higher: MUX +2.5%, HMY +2.4%, AUY +1.9%, AU +1.8%, PAAS +1.3%, GDX +0.9%.
Other news: NURO +28.6% (FDA clears NURO wearable technology for OTC use in treatment of chronic pain), CERE +14.3% (licenses DNA browser software to Bayer (BAYRY) CropScience), APP +5.7% (Standard General disclosed 0.9% stake in 13D with letter agreement), DNDN +5.2% (extending late gains in premarket trade), BODY +3.9% (683 Capital Management disclosed 18.9% active stake in 13D filing), PHH +3.3% (completed divestiture of its Fleet Management Services Business; co intends to repurchase up to $450 mln in stock, redeem its 9.25% Sr. Notes due 2016; deploy up to $200 mln to re-engineer mortgage business; invest up to $150 mln in select growth initiatives), GTAT +3.3% (early strength following yesterday's 12% selloff), FSC +2.3% (announces a 10% increase to its monthly dividend), KOOL +2.2% (provides regulatory update on its proposed U.S. Pivotal Critical Limb Ischemia Clinical Trial), TTM +2% (strong India mkts overnight), DRYS +1.6% (announces Ocean Rig UDW (ORIG) proposed offering by its wholly owned subsidiaries of $500.0 mln senior secured notes due 2022), LOV +1.5% (named Michael McConnell Chairman), CEL+1.4% (announces results of its debenture offering in Israel).
Analyst comments: TXMD +22.8% (initiated with a Outperform at FBR Capital), CGI +7% (upgraded to Buy from Hold at Stifel), GRPN +6.2% (upgraded to Buy from Neutral at B. Riley & Co), MRD +3.7% (initiated with an Overweight at Barclays, initiated with a Strong Buy at Raymond James, among others), ABY +3.7% (initiated with a Outperform at RBC Capital Mkts and Buy at Citigroup),GES +2.6% (upgraded to Overweight from Neutral at Piper Jaffray), ECYT +2.3% (assumed with a Buy at Brean Capital), SIMO +1.5% (target raised to $28 at Needham), XRX +0.9% (initiated with a Overweight at Morgan Stanley), WMB +0.7% (added to US Focus list at Credit Suisse), RIO +0.6% (upgraded to Overweight from Equal Weight at Barclays), VALE +0.4% (upgraded to Equal Weight from Underweight at Barclays)