Gapping up
In reaction to strong earnings/guidance: DTE +0.5% (ticking higher) .
M&A news: GIVN +23.9% (Covidien (COV) announces definitive agreement to acquire Given Imaging for $30 per share; transaction expected to be neutral to COV EPS in 2014; accretive in 2015), SYY +8.7% (and US Foods announced an agreement to merge; total enterprise value of the transaction is approximately $8.2 billion).
Select metals/mining stocks trading higher: AU +2.3%, TCK +2.3% ABX +1% (included as Barron's listed its 10 favorite stocks for 2014), .
Other news: HEB +77.7% (FDA authorizes expansion of Ampligen/FluMist Intranasal clinical trial designed to elicit potential protection against many Pre-Pandemic Influenza viruses ), SPEX +31.6% (provides update on its abuse deterrent hydrocodone/acetaminophen combination drug development), ACUR +24.3% (provides update on its abuse deterrent hydrocodone/acetaminophen combination drug development), UQM +13.7% (discloses it received approval from the Department of Energy for the continuation of the grant under the American Recovery and Reinvestment Act), CLWT +7.8% (continued strength), INFI +7% (Infinity Pharmaceutical reports updated Phase 1 data showing encouraging clinical activity of IPI-145 in chronic lymphocytic leukemia and T-Cell lymphoma), ZIOP +6.3% (ZIOPHARM reports positive interim results in patients with advanced melanoma from ongoing Phase 1/2 study of Ad-RTS-IL-12), BLDP +5.9% (continued strength), CNDO +4.7% (Announces IND Submission for TSO for the Treatment of Moderate to Severe Chronic Plaque Psoriasis), GILD +4.3% (FDA approves Sovaldi (sofosbuvir) for the treatment of chronic hepatitis C ), IOC +4.3% (still checking), MBLX +4.3% (continued strength), YRCW +3.7% (IBT Local leaders send YRC Worldwide proposal to employees for ratification vote), YRCW +3.6% (YRC Worldwide: IBT Local leaders send YRC Worldwide proposal to employees for ratification vote), GERN +3.4% (still checking), DEPO +2.9% (following positive comments on MadMoney), NOK+2.8% (still checking), QEP +2.8% (QEP Resources announced that its wholly owned subsidiary, QEP Energy Company, has entered into a definitive agreement to acquire oil and gas properties in the Permian Basin for an aggregate purchase price of ~$950 mln), ANR +2.7% (Announces Agreement to Exchange Its Interest in Alpha Shale Resources Joint Venture), DRYS +2% (following positive comments on MadMoney), CIEN +1.9% (following positive comments on MadMoney), STO +1.5% (still checking), S +1.4% ( announced today that it plans to offer, subject to market and other conditions, notes due 2024 ), COG +1.3% (Provides Operations Update, Announces Share Repurchases and Sale of Conventional Mid-Continent Properties), FIVE +1.3% (following positive comments on MadMoney), HOLX +1.3% (Appoints Stephen MacMillan President and Chief Executive Officer), ULTA +1.1% ( trading higher following positive Barron's mention), TSL +1% (Trina Solar statement on decision of definitive anti-dumping and anti-subsidy duties and price undertaking in European Union), GM +0.6% (included as Barron's listed its 10 favorite stocks for 2014), BTU+0.6% (Announces Closure Of Wilkie Creek Mine In Australia), YHOO +0.5% (to acquire concert streaming service EventLive; terms not disclosed), C +0.3% (included as Barron's listed its 10 favorite stocks for 2014), SGEN +0.2% (presents data from novel antibody-drug conjugate SGN-CD19A).
Analyst comments: CRNT +11.1% (initiated with a Strong Buy at Needham), CHGG +1.8% (initiated with a Overweight at JP Morgan), HFC +1.5% (upgraded to Overweight from Underweight at JP Morgan), KRFT +1.2% (upgraded to Overweight from Equal-Weight at Morgan Stanley ), AEO +1% (upgraded to Buy from Neutral at B. Riley & Co)
M&A news: GIVN +23.9% (Covidien (COV) announces definitive agreement to acquire Given Imaging for $30 per share; transaction expected to be neutral to COV EPS in 2014; accretive in 2015), SYY +8.7% (and US Foods announced an agreement to merge; total enterprise value of the transaction is approximately $8.2 billion).
Select metals/mining stocks trading higher: AU +2.3%, TCK +2.3% ABX +1% (included as Barron's listed its 10 favorite stocks for 2014), .
Other news: HEB +77.7% (FDA authorizes expansion of Ampligen/FluMist Intranasal clinical trial designed to elicit potential protection against many Pre-Pandemic Influenza viruses ), SPEX +31.6% (provides update on its abuse deterrent hydrocodone/acetaminophen combination drug development), ACUR +24.3% (provides update on its abuse deterrent hydrocodone/acetaminophen combination drug development), UQM +13.7% (discloses it received approval from the Department of Energy for the continuation of the grant under the American Recovery and Reinvestment Act), CLWT +7.8% (continued strength), INFI +7% (Infinity Pharmaceutical reports updated Phase 1 data showing encouraging clinical activity of IPI-145 in chronic lymphocytic leukemia and T-Cell lymphoma), ZIOP +6.3% (ZIOPHARM reports positive interim results in patients with advanced melanoma from ongoing Phase 1/2 study of Ad-RTS-IL-12), BLDP +5.9% (continued strength), CNDO +4.7% (Announces IND Submission for TSO for the Treatment of Moderate to Severe Chronic Plaque Psoriasis), GILD +4.3% (FDA approves Sovaldi (sofosbuvir) for the treatment of chronic hepatitis C ), IOC +4.3% (still checking), MBLX +4.3% (continued strength), YRCW +3.7% (IBT Local leaders send YRC Worldwide proposal to employees for ratification vote), YRCW +3.6% (YRC Worldwide: IBT Local leaders send YRC Worldwide proposal to employees for ratification vote), GERN +3.4% (still checking), DEPO +2.9% (following positive comments on MadMoney), NOK+2.8% (still checking), QEP +2.8% (QEP Resources announced that its wholly owned subsidiary, QEP Energy Company, has entered into a definitive agreement to acquire oil and gas properties in the Permian Basin for an aggregate purchase price of ~$950 mln), ANR +2.7% (Announces Agreement to Exchange Its Interest in Alpha Shale Resources Joint Venture), DRYS +2% (following positive comments on MadMoney), CIEN +1.9% (following positive comments on MadMoney), STO +1.5% (still checking), S +1.4% ( announced today that it plans to offer, subject to market and other conditions, notes due 2024 ), COG +1.3% (Provides Operations Update, Announces Share Repurchases and Sale of Conventional Mid-Continent Properties), FIVE +1.3% (following positive comments on MadMoney), HOLX +1.3% (Appoints Stephen MacMillan President and Chief Executive Officer), ULTA +1.1% ( trading higher following positive Barron's mention), TSL +1% (Trina Solar statement on decision of definitive anti-dumping and anti-subsidy duties and price undertaking in European Union), GM +0.6% (included as Barron's listed its 10 favorite stocks for 2014), BTU+0.6% (Announces Closure Of Wilkie Creek Mine In Australia), YHOO +0.5% (to acquire concert streaming service EventLive; terms not disclosed), C +0.3% (included as Barron's listed its 10 favorite stocks for 2014), SGEN +0.2% (presents data from novel antibody-drug conjugate SGN-CD19A).
Analyst comments: CRNT +11.1% (initiated with a Strong Buy at Needham), CHGG +1.8% (initiated with a Overweight at JP Morgan), HFC +1.5% (upgraded to Overweight from Underweight at JP Morgan), KRFT +1.2% (upgraded to Overweight from Equal-Weight at Morgan Stanley ), AEO +1% (upgraded to Buy from Neutral at B. Riley & Co)