Gapping up
In reaction to strong earnings/guidance:
- WDC +8.1%, OSIS +8%, ERIC +4.5%, SBUX +3.5%, ABCB +3.5%, WAL +2.9%, SIVB +1%, LEA +0.7%
Select Marijuana related names showing strength after Piper Jaffray boosts price target on Canopy Growth:
- CGC +7.4%, CRON +5.9%, NBEV +3.8%, TLRY +3.2%, MJ +2.4%, ACB +2.3%
Other news:
- PCG +24.2% (PG&E releases statement confirming CAL FIRE concluded that PG&E equipment did not cause 2017 Tubbs wildfire; adds that it still faces 'extensive litigation, significant potential liabilities and a deteriorating financial situation')
- TGI +4.6% (continued strength; confirms sale of its metallics machining operations to NWI Holdings, an affiliate of TECT Aerospace and TECT Power)
- STX +3.4% (following WDC earnings/guidance)
- MU +2.7% (following WDC earnings/guidance)
- HCLP +1.6% (announces resumption of operations at Whitehall facility, idling of Augusta facility)
- VLO +1.3% (increases quarterly cash dividend to $0.90/share from $0.80/share)
Analyst comments:
- CAMP +3.2% (upgraded to Overweight from Neutral at JP Morgan)
- AVYA +1.8% (upgraded to Overweight from Equal Weight at Barclays)
- ROK +1.7% (upgraded to Buy from Reduce at HSBC Securities)
- FLIR +1.6% (upgraded to Outperform from Neutral at Robert W. Baird)