Gapping up
In reaction to earnings/guidance:
- PHG +3.8%, ONB +1.8%
M&A news:
- VVC +4.7% (to merge with CenterPoint Energy (CNP)), TSG +2% (acquires Sky Betting & Gaming for $4.7 bln)
Other news:
- HMNY +4.8% (continued volatility in pre-market)
- HSIC +2.9% (to spin off its Animal Health business and merge it with Vets First Choice)
- SAGE +1.3% (submits a NDA to the FDA for an intravenous formulation of brexanolone)
- GE +1.0% (General Electric and Safran (SAFRY) Aircraft Engines jv CFM International issued a new service bulletin calling for inspections of fan blades on long-service engines)
Analyst comments:
- CERN +2.5% (upgraded to Buy from Neutral at Citigroup)
- OKTA +2.2% (upgraded to Buy from Hold at Canaccord Genuity)
- MRK +2% (upgraded to Buy from Neutral at Goldman; added to Conviction Buy List)
- KORS +1.8% (upgraded to Buy from Hold at Deutsche Bank)
- UAA +1.8% (upgraded to Hold from Sell at Deutsche Bank)
- CAT +1.3% (upgraded to Buy from Neutral at Goldman; added to Conviction Buy List)
- VZ +0.8% (upgraded to Overweight from Equal Weight at Barclays)