>>> US Gapping up

Gapping up
In reaction to strong earnings/guidance
:
  • CSPI +15.5%, NWY +14.6%, AMAT +5.1%, MENT +4.5%, FL +4.2%, DE +3.8%, SPWH +2.8%, CRMT +2.8%, XGTI+2.8%, ROST +2.7%, CCIH +1.5%
M&A news:
  • RDUS +2.8% (amid renewed, vague M&A chatter with Shire (SHPG) mentioned)
  • EMMS +2.5% (Emmis Comms receives non-binding proposal to be acquired for $4.10/share in cash )
Other news:
  • SHLM +12.6% ( Chairman Joseph Gingo has been named CEO and president, effective immediately; to initiate comprehensive review of business plan and global end markets in light of fiscal 2016 performance)
  • CXW +9.2% (following 35% decline after DOJ said it will phase out use of private prisons; Corrections Corp comments on Inspector General's report; says findings simply don't match up to the numerous independent studies)
  • GEO +7.1% (after closing 40% lower on the day; released statement after the close on DoJ announcement regarding contracted prisons for Federal Bureau of Prison; will host conference call Friday August 18 at 11am ET)
  • JONE +6.5% (prices previously announced underwritten public offerings of 21 mln shares of its Class A common stock at $2.77/share)
  • MCEP +4.2% (light volume, Director disclosed purchase of 40000 shares, worth total of $101.6K), SQ +2.5% (Point72 Asset Management discloses 5.4% passive stake), MU +2.5% (following AMAT results)
  • BLDP +1.9% (Ballard Power announced that a $28.3 mln strategic equity investment made by Zhongshan Broad-Ocean Motor; enters strategic collaboration framework agreement)
  • TRN +1.3% (Trinity Industries receives confirmation from the U.S. Attorney for the District of Massachusetts that it has closed its investigation into the Company's ET 2000 and ET Plus guardrail end-terminal products without taking enforcement action)
  • LRCX +0.9% (following AMAT results)
Analyst comments:
  • RH +6.3% (upgraded/added to Conviction Buy List at Goldman)
  • ANGI +2% (upgraded to Outperform from Mkt Perform at Raymond James)
  • VG +1.9% (Craig Hallum raises tgt to $10 from $8.50)
  • AGN +0.8% (upgraded to Buy from Neutral at Mizuho)