Gapping up
In reaction to strong earnings/guidance:
In reaction to strong earnings/guidance:
- SMPL +9.4%
M&A news:
- PAY +52.8% (VeriFone to be acquired by Francisco Partners for $3.4 bln -- stockholders to receive $23.04 per share in cash)
- TEN +6.8% (to acquire Federal-Mogul from Icahn Enterprises L.P. (IEP) for a total consideration of $5.4 bln), IEP +2.2%
Select auto and air craft related names showing strength:
- GM +3%, BA +2.7%, FCAU +2.3%, F +2.1%
Select metals/mining stocks trading higher:
- RIO +4.5%, BHP +4.1%, FCX +3%, X +2.6%
Select oil/gas related names showing strength:
- XOM +1.8%, SLB +1.8%, RDS.A +1.5%, COP +1.5%, TOT +1%
Other news:
- WATT +23.8% (receives FCC Certification for its near field wireless charging transmitter running at 900 MHz), PME +19.2% (expects to significantly increase its current production capacity), SPPI +13.5% (announces the availability of updated poziotinib Phase 2 data in MD Anderson's EGFR Exon 20 Mutant Non-Small Cell Lung Cancer study), KPTI +10% (FDA has granted Fast Track designation to selinexor for the treatment of patients with multiple myeloma who have received at least three prior lines of therapy), UAL +2.2% (reports March traffic +6.5% y/y and consolidated capacity +3.8% y/y and prelim Q1 op results), HA +1.8% ( reports March total traffic), .
Analyst comments:
- IOVA +6.6% (upgraded to Buy at B. Riley FBR)
- NVDA +3.7% (upgraded to Overweight at Morgan Stanley)
- STX +2.9% (upgraded to Overweight at Morgan Stanley)
- MU +2.5% (defended at Mizuho)
- ULTA +2% (upgraded to Overweight from Neutral at Piper Jaffray)
- XOM +1.8% (added to US 1 List at BofA/Merrill)
- BDX +1.2% (upgraded to Buy from Neutral at Citigroup)