>>> US Gapping up

Gapping up

Stocks gapping up as markets stabilize and attemp to bounce after a tumultuous week:

  • Technology stocks gapping up XLK +2.3%, QQQ +2.2%: NFLX +4.25% AMZN +3.76% NVDA +3.63% BABA +3.31%
  • Cyclical stocks: Semis SMH +3.2%, Communication XLC +3%: Industrials XLI +2.2%, Health Care XLV +1.7%, Financials +1.7%, DJIA DIA +1.6%, S&P 500 SPY +1.6%

In reaction to strong earnings/guidance:

  • C +2% on modest EPS despite slight rev miss; JPM +1.5% on modest EPS upside and in-line revenue

M&A news:

  • CORI +49.9% (enters into definitive agreement with Gurnet Point Capital, which will acquire all outstanding shares for $12.50/share in cash),

Other news:

  • TTPH +13% (announces US commercial launch of XERAVA for treatment of complicated intra-abdominal infections) ACRX +8% (halted ahead of AdCom Meeting), 

Analyst comments:

  • MSFT +% (upgraded to Outperform at Macquarie), NFLX (Citi upgraded to buy ahead of earnings next Tuesday)