Gapping up
In reaction to strong earnings/guidance:
- AMD +10.4%, OSK +8.5%, SYK +7.4%, MRCY +6.7%, ANTM +6.7%, BA +6.7%, AAPL +5.3%, ALLY +5.3%, CHT +4.3%, FCF +3.6% (also increases quarterly dividend to $0.10/share from $0.09/share), ADP +3%, ASX +2.9%, GLOP +2.9%, BABA +2.8%, SIRI +2.8%, TMO +2.5%, GD +2.3%, KLAC +2%, SMG +1.9%, CHKP +1.1%, IR +1%
M&A news:
- MLNX +13.2% (Intel (INTC) said to have recently made a $6 bln cash & stock bid for Mellanox, according to Calcalist)
- P +1% (receives stockholder approval for acquisition by Sirius XM [SIRI])
Other news:
- CONN +10.6% (to join S&P SmallCap 600)
- VALE +7.2% (announces decommissioning of all its upstream tailings dams)
- CZR +2.9% (to join S&P MidCap 400)
- SIRI +2.8% (adds $2 bln to stock repurchase program)
- GBT +2.2% (lightly traded; announces publication of voxelotor data in Blood publication)
- PDS +1.9% (updates 2019 strategic priorities, capital expenditure, and debt repayments),
Analyst comments:
- PLUG +2.9% (upgraded to Neutral from Sell at ROTH Capital)
- ZNGA +2.3% (initiated with a Buy at Goldman)
- TTWO +2% (initiated with a Buy at Goldman)
- LNT +1.1% (upgraded to Outperform from Market Perform at Wells Fargo)