Gapping up
In reaction to strong earnings/guidance: TSL +12.4%, QIWI +8.2%, BRCD +5.3%, SMTC +4.4%, HD +2.6%, DKS +2.5%.
M&A news: MNTG halted (MTR Gaming and Eldorado Amend Merger Agreement to Deliver Greater Value To MTR Stockholders; Increases Per Share Cash Consideration Paid to MTR Stockholders at Closing to $6.05).
A few metals/mining stocks trading modestly higher: GOLD +0.7%, MT +0.6%, GDX +0.3%, GLD +0.2%.
Select solar related names showing strength: SOL +4.5% (completes delivery of Virtus II Modules for Uenohara Mega solar project in Japan) RSOL +1.8%, CSIQ +1.3%, JKS +1.2%, SOL +1.1%, FSLR +0.8%, .
Other news: IPCI +85.2% (to make immediate commercial launch of 15 and 30 mg Generic Focalin XR), SPEX +27.6% (announces settlement agreement and continued monetization of patent portfolio), OXGN +8.5% ( announces preclinical data presentation on novel anticancer compounds, benzosuberenes, demonstrating potent anti-proliferative activity), ICLD +7.2% (continued strength), AMRN +6.5% (CEO bought 50,777 shares at $1.52-1.57 on 11/18), EQU +5% ( provides update on strategic process: 'suitable option for the company to consider'), LFC +2.7% (continued strength following late analyst upgrade), JCP +2% (modestly rebounding after yesterday's index change speculation), BSX +1.4% (light volume, Deep Brain Stimulation System receives CE Mark approval for treatment of dystonia), DDD +1.2% (continued strength), ALU +1.2% (still checking), LOW +1.2% (following HD results), ISIS +1% (reports fifth positive Phase 2 data set for ISIS-APOCIII Rx showing significant reductions in triglyceride and ApoC-III levels ), TEVA +0.8% (Teva Pharma plans to cut 10% of legal staff, according to reports), ACXM +0.7% (Increases Share Repurchase Authorization to $250 Million ), YONG +0.6% (Pine River Capital Management discloses 5.1% active stake in 13D filing), SNE +0.5% ( Sony Entertainment said to hire Bain and Co. for cost cutting, according to reports), JPM +0.3% (JPMorgan Chase reaches terms of $4 bln in consumer relief; part of larger $13 bln settlement with DoJ, according to reports).
Analyst comments: AERI +2.7% (light volume, initiated by multiple analysts--Outperform at RBC, Buy at Stifel, Buy at Canaccord)