Gapping up
In reaction to strong earnings/guidance: MEI +17.6% (light volume), MFRM +14.5%, CONN +12.8%, CSUN +9.3%, KFY +5.3%, MVNR +4.1%, SLP +2.3% (thinly traded), DG +2.2%, VRNT +1.6%, AVGO +1.1% (light volume), ENB +0.9% (also increases dividend by 11%; sees FY14 adjusted EPS of C$1.84-2.04 vs C$1.79 Capital IQ Consensus Estimate).
Select mining stocks trading higher: VALE +2.1%, RIO +1.3%, BBL +0.3%.
Other news: CALI +36.1% (thinly traded, subsidiary signs definitive agreement to acquire owner and operator of Airport International Automall in Tianjin for $91.4 mln), CBMX +36% (announces the American College of Obstetricians and Gynecologists now recommends microarray analysis as first-line genetic testing), PBYI +14.7% (reports positive top line data from I-SPY 2 TRIAL; Neratinib Graduates from I-SPY 2 trial), PLUG +10.2% (continued strength), DGLY +7.9% (following late spike on story that suggested the co has received a large order), ISS +5% (Teng Yue Partners disclosed 6.8% active stake in amended 13D filing out last night after the close; says that going private offer is wholly unacceptable ), AEPI +4.5% (strength may be attributed to reports on expansion plans), GGP +3.6% (Standard & Poors announces changes to U.S. indices: GGP to replace MOLX in the S&P 500), SCSS +3.2% (following MFRM results), OMC +3% (still checking), CHL +2.7% (China Mobile has signed Apple (AAPL) iPhone deal, according to reports), DYAX +2.4% (Receives Orphan Drug Designation from the FDA for DX-2930 in Hereditary Angioedema),.EQIX +2.3% ( announces $500 mln share repurchase program), TSLA +2.1% (SolarCity plans to offer Tesla (TSLA) batteries to consumers, according to reports), NUAN +2% (Carl Icahn increases stake in Nuance to 18.72% from $16.9%), AAPL +1.4% (China Mobile has signed Apple (AAPL) iPhone deal, according to reports), GRPN +1.2% (still checking), AAV +1.2% (ticking higher, announced Glacier Upper Montney well tested at record 21 mmcfe/d, previously announced strategic alternatives process remains ongoing), SUNE +1.1% (SunEdison and Mayor Bloomberg introduce New York City's largest solar energy project), AUXL +0.9% (after seeing late drop; co confirmed court granted Upsher-Smith Laboratories motion for summary judgment), DDD +0.9% ( acquires Figulo Corporation), TFM +0.8% (SAC Capital discloses 5.1% passive stake in 13G filing), LNG +0.8% (Cheniere Energy and Pertamina sign 20-year LNG sale and purchase agreement ), SJR +0.6% (following MadMoney mention), DIS +0.5% (increases annual dividend by 15% to $0.86 per share from $0.75 per share), F +0.4% ( plans to launch new Mustang to increase margins).
Analyst comments: HK +3.4% (upgraded to Equal Weight from Underweight at Morgan Stanley ), S +3.1% (upgraded to Buy from Neutral at Nomura; tgt raised to $10.50 from $6 ), CELG +2.5% (upgraded to Buy from Neutral at UBS; tgt raised to $200 from $163), RDN +2.4% (initiated with a Buy at Goldman), MTG +1.9% (initiated with a Buy at Goldman, tgt $10; added to Conviction Buy list), TIF +1.9% (upgraded to Buy from Neutral at Goldman; added to Conviction Buy list), RHT +1.5% ( initiated with a Outperform at BMO Capital Markets), UNP +1% (upgraded to Strong Buy from Outperform at Raymond James), SPR +0.8% (ticking higher, upgraded to Buy from Hold at Canaccord Genuity; tgt raised to $38 from $28), CF +0.6% (upgraded to Neutral from Sell at Goldman)
Select mining stocks trading higher: VALE +2.1%, RIO +1.3%, BBL +0.3%.
Other news: CALI +36.1% (thinly traded, subsidiary signs definitive agreement to acquire owner and operator of Airport International Automall in Tianjin for $91.4 mln), CBMX +36% (announces the American College of Obstetricians and Gynecologists now recommends microarray analysis as first-line genetic testing), PBYI +14.7% (reports positive top line data from I-SPY 2 TRIAL; Neratinib Graduates from I-SPY 2 trial), PLUG +10.2% (continued strength), DGLY +7.9% (following late spike on story that suggested the co has received a large order), ISS +5% (Teng Yue Partners disclosed 6.8% active stake in amended 13D filing out last night after the close; says that going private offer is wholly unacceptable ), AEPI +4.5% (strength may be attributed to reports on expansion plans), GGP +3.6% (Standard & Poors announces changes to U.S. indices: GGP to replace MOLX in the S&P 500), SCSS +3.2% (following MFRM results), OMC +3% (still checking), CHL +2.7% (China Mobile has signed Apple (AAPL) iPhone deal, according to reports), DYAX +2.4% (Receives Orphan Drug Designation from the FDA for DX-2930 in Hereditary Angioedema),.EQIX +2.3% ( announces $500 mln share repurchase program), TSLA +2.1% (SolarCity plans to offer Tesla (TSLA) batteries to consumers, according to reports), NUAN +2% (Carl Icahn increases stake in Nuance to 18.72% from $16.9%), AAPL +1.4% (China Mobile has signed Apple (AAPL) iPhone deal, according to reports), GRPN +1.2% (still checking), AAV +1.2% (ticking higher, announced Glacier Upper Montney well tested at record 21 mmcfe/d, previously announced strategic alternatives process remains ongoing), SUNE +1.1% (SunEdison and Mayor Bloomberg introduce New York City's largest solar energy project), AUXL +0.9% (after seeing late drop; co confirmed court granted Upsher-Smith Laboratories motion for summary judgment), DDD +0.9% ( acquires Figulo Corporation), TFM +0.8% (SAC Capital discloses 5.1% passive stake in 13G filing), LNG +0.8% (Cheniere Energy and Pertamina sign 20-year LNG sale and purchase agreement ), SJR +0.6% (following MadMoney mention), DIS +0.5% (increases annual dividend by 15% to $0.86 per share from $0.75 per share), F +0.4% ( plans to launch new Mustang to increase margins).
Analyst comments: HK +3.4% (upgraded to Equal Weight from Underweight at Morgan Stanley ), S +3.1% (upgraded to Buy from Neutral at Nomura; tgt raised to $10.50 from $6 ), CELG +2.5% (upgraded to Buy from Neutral at UBS; tgt raised to $200 from $163), RDN +2.4% (initiated with a Buy at Goldman), MTG +1.9% (initiated with a Buy at Goldman, tgt $10; added to Conviction Buy list), TIF +1.9% (upgraded to Buy from Neutral at Goldman; added to Conviction Buy list), RHT +1.5% ( initiated with a Outperform at BMO Capital Markets), UNP +1% (upgraded to Strong Buy from Outperform at Raymond James), SPR +0.8% (ticking higher, upgraded to Buy from Hold at Canaccord Genuity; tgt raised to $38 from $28), CF +0.6% (upgraded to Neutral from Sell at Goldman)