>>> US Gapping up

Gapping up
In reaction to strong earnings/guidance
: VMEM +9.5%, DSW +7.3%, DY +5.7%, BWS +5%, NUAN +4.5%, KANG +3.2%, SNE +2.4%, (provides FY17 segment targets; reaffirms FY15) CPB +2%, QIHU +1.8%, PLL +1.4%, CPRT +1.3%, PANW +0.7%, SIG +0.6%

Select names trading higher following Ferguson MO Grand Jury news: ISNS +11.7%, VII +6.7%, DGLY +5.9%, TASR +0.9%

Select EU financial related names showing strength: DB +2.3%, SAN +1.6% (appoints José Antonio Álvarez as CEO), ING +1.5% (to expand digital banking in the Netherlands), HSBC +0.9%.

Select metals/mining stocks trading higher: NEM +2%, SLV +1.4%, SLW +1%, SSRI +0.9%, ABX +0.8%

Select Brazil related names showing strength: CPL +3.8%, TSU +3.4%, BBD +2.5%, VIV +2.4%, ITUB +2.1%, ERJ +1.5%

Other news: SCOK +16.6% (announced that its aboveground facility for the conversion of carbon dioxide into clean-burning syngas has achieved its initial production target), CAMT +10% (announced that its 3D Functional InkJet Technology system for PCB solder mask applications), ROYT +5.1% (announced a cash distribution to the holders of its units of beneficial interest of $0.07291 per unit, payable on December 12, 2014; 17% lower than the previous month), PBR +4.4% (receives SEC Subpoena, also upgraded to Buy from Neutral at Citigroup), GT +4.3% (Department of Commerce import duty update for Chinese tires), CCIH +1.9% (formed a strategic partnership with Aspera to provide best-performance high-speed data transmission services for large files), KGC +1.8% (still checking), LXU +1.7% (Starboard Value discloses 7.2% active stake in 13D filing), HTZ +1.6% (New President/CEO John Tague discloses purchase of 84,200 shares of common stock at $24.11 per share; holds 1 mln of options with $22.75 exercise price), LORL +0.9% (following late spike on potential Telestat deal), LB +0.9% (favorable mention on Monday's Mad Money)

Analyst comments: BYD +1.8% (upgraded to Neutral from Underperform at Macquarie), MDT +1.5% (target raised to $81 at RBC Capital Mkts), WPZ +0.6% (upgraded to Buy from Hold at Jefferies), SNY +0.5% (initiated with a Outperform at Exane BNP Paribas)