>>> US Gapping up

Gapping up
In reaction to strong earnings/guidance
:
  • DRRX +16.1%, IFMI +12.5%, RYAM +10.6%, CGNX +7.9%, OSK +6.5%, AMKR +5.6%, RDCM +4.7%, ADM +4.2%,RDS.B +4.1%, AEIS +3.8%, INCY +3.6%
  • RDS.A +3.5%, LMNX +3.3%, CIE +2.8%, ORC +2.6%, EXAC +2.5%, TSO +2.4%, IDTI +1.9%, MOS +1.8%, AUDC+1.7%, THC +1.4%, CPS +1.3%, GPP +1.2
  • GPP +1.2%, SNE +1.2%, K +0.8%, COH +0.6%, HW +0.6%, TRI +0.6%
M&A news:
  • OCLS +54.5% ( sells its Latin American-related assets to Invekra S.A.P.I. de C.V. of Mexico for $19.5 mln in cash)
  • ANGI +9.7% (co announced it is seeking strategic alternatives; also reported earnings)
Select Macau gaming names showing strength after Gaming Inspection and Coordination Bureau reported October gross gaming revenue +8.8% YoY:
  • WYNN +2.2%, LVS +1.9%, MGM +1.3%
Select metals/mining stocks trading higher:
  • SLW +2.6%, AKS +2.5%, GG +2%, BBL +1.9%, ABX +1.9%, GDX +1.9%, SLV +1.8%, FCX +1.5%, RIO +1.4%, BHP+1.2%
Other news:
  • DRYS +25.8% (sold five of its Panamax vessels for an aggregate gross price of $29.4 million)
  • LION +2.4% (Fidelity Southern will replace Monster Worldwide in the S&P SmallCap 600 after the close of trading on November 2)
  • DLNG +2% (Dynagas LNG Partners enters charter agreement with Gazprom Marketing & Trading Singapore for the employment of the 150k cubic meter steam turbine LNG carrier Clean Energy)
  • BBRY +1.7% (BlackBerry signs agreement with Ford Motor Company for expanded use of BlackBerry's QNX and Security Software)
  • CEMP +1.5% (receives a $10 mln milestone payment from Toyama Chemical, triggered by Toyama progressing to Phase 3 studies with solithromycin in Japan)
  • VRX +1% (following late sell-off on reports that former exec might be under criminal investigation; co confirms has been fully cooperating with authorities throughout the investigation and in frequent contact/continue to cooperate with US Attorney's Office for the Southern District of New York )
  • CBR +1% (light volume- Board has engaged a strategic adviser to assist in exploring strategic alternatives)
Analyst comments:
  • TWLO +3.2% (initiated with an Outperform at Oppenheimer)
  • MPC +1.7% (upgraded to Neutral from Sell at UBS)
  • CVX +0.8% (upgraded to Overweight from Equal-Weight at Morgan Stanley)