Gapping up
In reaction to strong earnings/guidance: AMD +20.2%, (also upgraded to Neutral from Underperform at Exane BNP Paribas, upgraded to Buy from Hold at Craig Hallum), SKX +8.9%, UIS +5.7%, (light volume), HBI +5.4%, PACB +5.1%, NSC +4.7%, (also was upgraded to Outperform from Neutral at Credit Suisse; upgraded to Buy from Neutral at UBS), PFPT +4.3%, MXIM+4.2%, (light volume), SWN +3.6%, SYF +1.2%, AAL +0.7%, HON +0.1%, (light volume).
Select silver related stocks/ETF trading higher: PAAS +2.2%, SLV +0.9%, SLW +0.5%.
Other news: ONTX +18% (announces the publication of a study describing the novel RAS-targeted mechanism of action for rigosertib), NGL +11.7% (light volume, NGL Energy Partners announces $200 mln private placement of 10.75% Class A Convertible Preferred Units, reduces quarterly distribution, updates FY16 guidance, details recent sales of interests in TransMontaigne ; upgraded to Neutral from Underperform at BofA/Merrill), ALIM +11.4% (continued strength following yesterday's intraday spike), SHLD +8.8% (Sears Holdings to close stores to accelerate its transformation and its return to profitability), CTMX +7.8% (CytomX Therapeutics enters into a collaboration to co-develop and co-commercialize Probody Drug Conjugates against CD71 w/ AbbVie), CXRX +7.5% (following 25% surge higher into the close -- confirmed after hours that it has formed special committee to consider various strategic alternatives), XON +5.5% (closed yesterday at multi-month lows - down 20%+; provided update this morning regarding recent trading activity in its common stock, states a 'false & misleading' report was published on Seeking Alpha), SRPT +5.1% (light volume - modestly rebounding), VRX +4.9% (Valeant Pharma looking to name Perrigo Chairman and CEO Joseph Papa as its next CEO to replace J. Michael Pearson, according to the WSJ), EBIO +4.5% (following 20% move higher yesterday), CHK +1.3% (Casillas Petroleum Resource Partners closed on the purchase of certain oil and gas assets owned by Chesapeake Energy Corporation in the SCOOP play for a price of $106 million), FCX +1.3% (Black Stone Mineral to acquire an oil and gas mineral asset package from Freeport-McMoRan Oil & Gas for $102 mln), ERIC +1% (after yesterday's 15% earnings related stock decline), CHL +1% (light volume, continued strength), DB +0.7% (not seeing anything specific).
Analyst comments: GLNG +1.2% (upgraded to Buy from Hold at Jefferies)
Select silver related stocks/ETF trading higher: PAAS +2.2%, SLV +0.9%, SLW +0.5%.
Other news: ONTX +18% (announces the publication of a study describing the novel RAS-targeted mechanism of action for rigosertib), NGL +11.7% (light volume, NGL Energy Partners announces $200 mln private placement of 10.75% Class A Convertible Preferred Units, reduces quarterly distribution, updates FY16 guidance, details recent sales of interests in TransMontaigne ; upgraded to Neutral from Underperform at BofA/Merrill), ALIM +11.4% (continued strength following yesterday's intraday spike), SHLD +8.8% (Sears Holdings to close stores to accelerate its transformation and its return to profitability), CTMX +7.8% (CytomX Therapeutics enters into a collaboration to co-develop and co-commercialize Probody Drug Conjugates against CD71 w/ AbbVie), CXRX +7.5% (following 25% surge higher into the close -- confirmed after hours that it has formed special committee to consider various strategic alternatives), XON +5.5% (closed yesterday at multi-month lows - down 20%+; provided update this morning regarding recent trading activity in its common stock, states a 'false & misleading' report was published on Seeking Alpha), SRPT +5.1% (light volume - modestly rebounding), VRX +4.9% (Valeant Pharma looking to name Perrigo Chairman and CEO Joseph Papa as its next CEO to replace J. Michael Pearson, according to the WSJ), EBIO +4.5% (following 20% move higher yesterday), CHK +1.3% (Casillas Petroleum Resource Partners closed on the purchase of certain oil and gas assets owned by Chesapeake Energy Corporation in the SCOOP play for a price of $106 million), FCX +1.3% (Black Stone Mineral to acquire an oil and gas mineral asset package from Freeport-McMoRan Oil & Gas for $102 mln), ERIC +1% (after yesterday's 15% earnings related stock decline), CHL +1% (light volume, continued strength), DB +0.7% (not seeing anything specific).
Analyst comments: GLNG +1.2% (upgraded to Buy from Hold at Jefferies)