Gapping up
In reaction to strong earnings/guidance: FORM +7.8%, QIHU +5.7%, TOL+3.5%, KORS +3.3%, WDAY +2.3%, SDRL +0.9%.
M&A news: AGN +2.4% (VRX increases merger proposal FORAGN).
Other news: SPEX +22.2% (continued momentum), PRAN +5.3% (continued strength), POWR +2.7% (Becker Drapkin Management discloses 8.8% active stake in 13D filing), LEJU +2.5% (Tencent Holdings discloses 16.1% active stake in 13D filing), CLVS +2.4% (following 9% move lower yesterday), SPPI +2.3% (completes enrollment in Phase 2 Trial of SPI-2012; Spectrum expects to make a Phase 3 Go/No-Go decision before the end of the year), FEYE +2.2% (still checking), PPC+1.9% (Pilgrim's Pride (PPC) may raise offer for HSH to $50/share, analysts say, according to Bloomberg real M&A column), ARIA +1.7% ( Independent discusses rumors that GlaxoSmithKline (GSK) may make GBP 1 bln bid for Ariad; ARIA also confirms will present at upcoming investor conferences), JDSU +1.6% (announces $100 mln common stock repurchase program), KBH +1.6% (following TOL results),RBS +1.4% (plans to cut mortgage business in the United states by 2/3, according to reports ), ANH +1.3% (Board of Directors authorizes co to acquire up to an additional 10 mln shares of the co's common stock through its share repurchase program), CERN +0.9% (increases share repurchase program by $100 mln), SPWR+0.7% (SunPower and Xcel Energy to Build 50-Megawatt Solar Power Plant in Colorado), GOOG +0.7% (in the process of developing prototype for self driving car, according to reports), RYN +0.5% (approves separation of Rayonier Advanced Materials; declares special dividend distribution of all outstanding shares of Rayonier Advanced Materials common stock to Rayonier's shareholders ), AAPL+0.4% (Apple and NTT DOCOMO to offer iPad in Japan starting on Tuesday, June 10; plans to decrease Beats purchase price to $3 bln from $3.2 bln, according to reports ; tgt raised to $655 from $590 at Barclays; maintain Equal Weight), CRM+0.3% (following WDAY results), URBN +0.3% (announces authorization to repurchase 10 mln shares), PFE +0.3% ( following positive Barron's mention),YHOO +0.2% (Microsoft does not plan to sell search to Yahoo (YHOO), according to reports ).
Analyst comments: TI +4.5% ( added to Conviction Buy List at Goldman), VEEV+4.3% (initiated with an Overweight at JPMorgan), FCEL +4% (resumed with a Buy at Stifel; tgt $2.90), TWTR +2.9% (upgraded to Buy from Neutral at Nomura), GTAT+2.2% (resumed with a Buy at Stifel), RKUS +1.1% ( initiated with an Outperform at BMO Capital Mkts), FSLR +0.5% (resumed with a Buy at Stifel)
In reaction to strong earnings/guidance: FORM +7.8%, QIHU +5.7%, TOL+3.5%, KORS +3.3%, WDAY +2.3%, SDRL +0.9%.
M&A news: AGN +2.4% (VRX increases merger proposal FORAGN).
Other news: SPEX +22.2% (continued momentum), PRAN +5.3% (continued strength), POWR +2.7% (Becker Drapkin Management discloses 8.8% active stake in 13D filing), LEJU +2.5% (Tencent Holdings discloses 16.1% active stake in 13D filing), CLVS +2.4% (following 9% move lower yesterday), SPPI +2.3% (completes enrollment in Phase 2 Trial of SPI-2012; Spectrum expects to make a Phase 3 Go/No-Go decision before the end of the year), FEYE +2.2% (still checking), PPC+1.9% (Pilgrim's Pride (PPC) may raise offer for HSH to $50/share, analysts say, according to Bloomberg real M&A column), ARIA +1.7% ( Independent discusses rumors that GlaxoSmithKline (GSK) may make GBP 1 bln bid for Ariad; ARIA also confirms will present at upcoming investor conferences), JDSU +1.6% (announces $100 mln common stock repurchase program), KBH +1.6% (following TOL results),RBS +1.4% (plans to cut mortgage business in the United states by 2/3, according to reports ), ANH +1.3% (Board of Directors authorizes co to acquire up to an additional 10 mln shares of the co's common stock through its share repurchase program), CERN +0.9% (increases share repurchase program by $100 mln), SPWR+0.7% (SunPower and Xcel Energy to Build 50-Megawatt Solar Power Plant in Colorado), GOOG +0.7% (in the process of developing prototype for self driving car, according to reports), RYN +0.5% (approves separation of Rayonier Advanced Materials; declares special dividend distribution of all outstanding shares of Rayonier Advanced Materials common stock to Rayonier's shareholders ), AAPL+0.4% (Apple and NTT DOCOMO to offer iPad in Japan starting on Tuesday, June 10; plans to decrease Beats purchase price to $3 bln from $3.2 bln, according to reports ; tgt raised to $655 from $590 at Barclays; maintain Equal Weight), CRM+0.3% (following WDAY results), URBN +0.3% (announces authorization to repurchase 10 mln shares), PFE +0.3% ( following positive Barron's mention),YHOO +0.2% (Microsoft does not plan to sell search to Yahoo (YHOO), according to reports ).
Analyst comments: TI +4.5% ( added to Conviction Buy List at Goldman), VEEV+4.3% (initiated with an Overweight at JPMorgan), FCEL +4% (resumed with a Buy at Stifel; tgt $2.90), TWTR +2.9% (upgraded to Buy from Neutral at Nomura), GTAT+2.2% (resumed with a Buy at Stifel), RKUS +1.1% ( initiated with an Outperform at BMO Capital Mkts), FSLR +0.5% (resumed with a Buy at Stifel)