Gapping up
In reaction to strong earnings/guidance: SCVL +3.3%, ENVI +0.6%, BMO +0.5%
M&A news: CODE +19.3% (Cypress and Spansion to merge in $4 bln all-stock transaction), AVNR +13.6% (to be acquired by Otsuka Pharmaceutical for for $17.00 per share in cash), CY +13.5% (merger with CODE, also upgraded to Buy from Hold at Topeka Capital Markets and to Outperform from Sector Perform at Pacific Crest)
Select EU financial related names showing strength: NBG +3%, RBS +1.6%, BCS +1.4%, HSBC +1.4%
Select metals stocks trading higher: CLF +1.7%, MT +1%, BHP +0.8%, RIO +0.7%
Other news: DGLY +8.9% (cont strength), DRYS +6.9% (Announces Repayment of 5% Convertible Notes Due 2014), EOX +4.8% (announced increased borrowing base under its revolving credit facility), RCL +4.5% (to replace BMS in the S&P 500), MRH +2.7% (to replace TYL in the S&P SmallCap 600), MHR +4.1% (to replace TYL in the S&P SmallCap 600), POWR+2.8% (announced it has been awarded ~$15 mln in new business), CCL +2.4% (may be in sympathy with RCL), TASR +2.4% (cont momentum), GALE +1.7% (receives Notice of Allowance of U.S. patent application for GALE-401 composition of matter), GPRO +1.6% (still checking), CGEN +1.2% (announces experimental confirmation of additional methodology for discovery of cancer-related immune checkpoints), TYL +1% (to replace TIBX in the S&P MidCap 400), SKX +1% (favorable commentary on Monday's Mad Money)
Analyst comments: CPE +5.7% (initiated with a Buy at ROTH Capital; tgt $13.50), HIMX +2.4% (positive commentary at Northland), NANO +1.3% (upgraded to Buy from Hold at Stifel), MSFT +0.6% (initiated with a Overweight at JP Morgan), CRM +0.5% (initiated with a Overweight at JP Morgan)
In reaction to strong earnings/guidance: SCVL +3.3%, ENVI +0.6%, BMO +0.5%
M&A news: CODE +19.3% (Cypress and Spansion to merge in $4 bln all-stock transaction), AVNR +13.6% (to be acquired by Otsuka Pharmaceutical for for $17.00 per share in cash), CY +13.5% (merger with CODE, also upgraded to Buy from Hold at Topeka Capital Markets and to Outperform from Sector Perform at Pacific Crest)
Select EU financial related names showing strength: NBG +3%, RBS +1.6%, BCS +1.4%, HSBC +1.4%
Select metals stocks trading higher: CLF +1.7%, MT +1%, BHP +0.8%, RIO +0.7%
Other news: DGLY +8.9% (cont strength), DRYS +6.9% (Announces Repayment of 5% Convertible Notes Due 2014), EOX +4.8% (announced increased borrowing base under its revolving credit facility), RCL +4.5% (to replace BMS in the S&P 500), MRH +2.7% (to replace TYL in the S&P SmallCap 600), MHR +4.1% (to replace TYL in the S&P SmallCap 600), POWR+2.8% (announced it has been awarded ~$15 mln in new business), CCL +2.4% (may be in sympathy with RCL), TASR +2.4% (cont momentum), GALE +1.7% (receives Notice of Allowance of U.S. patent application for GALE-401 composition of matter), GPRO +1.6% (still checking), CGEN +1.2% (announces experimental confirmation of additional methodology for discovery of cancer-related immune checkpoints), TYL +1% (to replace TIBX in the S&P MidCap 400), SKX +1% (favorable commentary on Monday's Mad Money)
Analyst comments: CPE +5.7% (initiated with a Buy at ROTH Capital; tgt $13.50), HIMX +2.4% (positive commentary at Northland), NANO +1.3% (upgraded to Buy from Hold at Stifel), MSFT +0.6% (initiated with a Overweight at JP Morgan), CRM +0.5% (initiated with a Overweight at JP Morgan)