>>> US Gapping up

Gapping up
In reaction to strong earnings/guidance
:
  • SFLY +20.5%, KNX +10.3%, MTOR +8.3%, PBI +7.8%, EA +7.2%, BSBR +5.5%, LN +5.5%, BA +5.4%, SRCI +5.3%, AVGO +5.2%, XRX +3.5%, MOD +3.3%, AMD +2.7%, AVY +2.3%, ILMN +2%, MT +1.6%, SAP +1.5%, ANTM +1.5%, CA +1.4%, ADP +1.4%, DHI +1.4%, EPD +1.4%, TMO +1.4%, BOFI +1.3%, WEC +1.3%, LLY +1.1%, IR +0.8%, NDAQ +0.8%
M&A news:
  • CASC +68.5% (to be acquired by Seattle Genetics (SGEN) for $10.00/share in cash, or ~$614 mln)
  • RHT +1.9% (Red Hat to acquire CoreOS for $250 mln), .
Other news:
  • KONE +69.9% (reported prelim 2017 results - with delayed Annual Report; also agreed to purchase interests of LK Technology and subsidiaries)
  • IMMR +6.1% (enters into multi-year patent license agreement with Marquardt )
  • CSLT +4.3% (modestly rebounding -- with boost from upgrade after the close at Cantor Fitzgerald following today's sell-off)
  • WING +4.1% (Wingstop declares $3.17 per share special dividend: Closes on a new $250 million senior secured credit facility)
  • CARA +4.1% (initiates Phase 3 efficacy trial of KORSUVA)
  • TRI +2.8% (Thomson Reuters confirms Blackstone to acquire 55% interest in F&R and Full-year 2017 results expected to meet or exceed guidance), X +2% (attributed to positive mention on CNBC Fast Money)
  • RTN +1.8% (awarded $2.3 bln Army contract )
  • MOBL +1.7% (extending today's move higher)
  • AMPE +1.7% (continued strength)
  • TTWO +1.5% (following EA results)
  • ATVI +1.4% (following EA results)
  • CIFS +1.1% (signs a cooperation agreement with Zhonghuhang Information Technology to develop an Overseas Student Registration System and provide comprehensive consulting services for the Convey), .
Analyst comments:
  • IMGN +5.2% (initiated with a Buy at H.C. Wainwright; tgt $18)
  • CSLT +4.3% (upgraded to Overweight at Cantor Fitzgerald)
  • FL +3.4% (upgraded to Outperform from Perform at Oppenheimer)
  • FIT +2.7% (upgraded to Hold from Sell at Stifel)
  • UAL +1.5% (upgraded to Outperform from Mkt Perform at Bernstein)
  • BIIB +1.1% (upgraded to Buy at UBS)
  • AAL +0.8% (upgraded to Outperform from Mkt Perform at Bernstein)