Gapping up
In reaction to strong earnings/guidance: SPU +43.3%, CRRS +29.2%, TUBE +12.5%, USAT +10.1%, FRSH +9.8%, HOLI +9.5%, BONA +8.7%, DEJ +8.3%, INVE +4.9%, JWN +4.3%, REED +3%, WB +3%, SZMK +2.4%, MTU +1.8%, BITA +1.5%, KIN +1.4%, .
M&A news: BHI +5.9% (confirms preliminary discussions with Haliburton (HAL)), HAL +2.2%
Other news: GERN +36.4% (entered into an exclusive worldwide license and collaboration agreement with Johnson & Johnson's (JNJ) Janssen Biotech; will receive an initial payment of $35 mln), HTZ +4.5% (provides update to accounting issues, gives update to Q3), TIBX +1.7% (TIBCO Software and Balboa Merger Sub announce $950 million senior notes offering), PDLI +1.4% (announces successful conclusion of revenue interest agreement with AxoGen (AXGN)), DOW +1.1% (responded to Third Point statement: 'The company fundamentally disagrees with the position outlined by Third Point')
Analyst comments: NTES +1.5% (upgraded to Overweight from Underweight at HSBC Securities), TNK +1% (upgraded to Neutral from Underweight at JP Morgan), SLXP +1% (upgraded to Buy from Neutral at UBS)