Gapping up
In reaction to strong earnings/guidance:
- ANF +18.8%, TITN +16%, TECD +15.1%, LZB +9.6%, YETI +7.8%, BOX +4.9%, VEEV +3.8%, KIRK +2%, DAVA +1.8%
M&A news:
- NLSN +5.6% (said to have attracted buyout interest from PE firm Madison Dearborn, according to the FT)
- CVS +1.4% (CVS Health completed its acquisition of Aetna Inc)
Other news:
- CMCM +2.4% (after issuing another response to Kochava's 'misleading statements')
- YELP +1.5% (announces new $250 mln share repurchase authorization)
- MO +0.8% (continued strength on WSJ report that the company may acquire Juul stake)
- LMT +0.8% (on reported progress in Saudi Arabia deal for THAAD missile system)
- BURL +0.8% (continued strength following earnings)
Analyst comments:
- NIU +1.4% (initiated with a Buy at Needham)
- MCD +1.3% (upgraded to Overweight from Equal-Weight at Morgan Stanley)
- R +1% (upgraded to Buy from Hold at Stifel)
- PPG +0.7% (upgraded to Buy from Neutral at Citigroup)
- OKE +0.5% (upgraded to Buy at Citigroup)