Gapping up
In reaction to strong earnings/guidance: TREE +14.3%, CSIQ +6.1%, FBP +3.3%, XRX +1.4%, CXRX +1.1%, CHKP +0.7%
M&A news: PNY +36.2% (to be acquired by Duke Energy (DUK) for $60/share or ~$4.9 bln), NTI +7.1% (announces the receipt of a buyout proposal from Western Refining (WNR) for consideration valued at $27.62/unit)
Select Brazil related names showing strength: YPF +11.4%, BFR +8.7%, GGAL +8%, TEO +7.4%, OIBR +5% (receives proposal from Letter One to enter into exclusive negotiations with respect to a potential transaction with the objective of a possible consolidation of the Brazilian telecommunications sector), TSU +3.2%, VIV +2.5%, ITUB +1.6%
Chinese names involved in trasnaction: QUNR confirms Baidu (BIDU) share exchange with Ctrip.com (CTRP): QUNR +27.3%, CTRP +20.4%, BIDU +7.4%
Other news: OPTT +35.5% (Ocean Power Tech and Gardline Environmental announced a Memorandum of Understanding to jointly develop innovative metocean monitoring and maritime security systems), BDSI +16.1% (received a $50 million milestone payment from Endo International (ENDP) for FDA approval of Belbuca), TOUR +10.3% (likely in symp with CTRP), RDHL+4.9% (positive top-line results from its Phase 1 study of Yeliva), WTW +2.7% (cont strength), SKX +1.5% (modestly higher pre-mkt after last week's decline), V +0.9% (USAA to switch accounts to Visa (V) from Mastercard (MA))
Analyst comments: VFC +2.7% (upgraded to Overweight from Neutral at Piper Jaffray), PYPL +2.7% (added to Conviction Buy List at Goldman), AWAY +2.5% (upgraded to Outperform at Cowen), P +1.7% (upgraded to Outperform from Neutral at Macquarie), AMAT +1.3% (upgraded to Buy from Neutral at Nomura), CVLT +0.9% (upgraded to Overweight from Neutral at Piper Jaffray), GS +0.7% (upgraded to Overweight from Equal-Weight at Morgan Stanley)
In reaction to strong earnings/guidance: TREE +14.3%, CSIQ +6.1%, FBP +3.3%, XRX +1.4%, CXRX +1.1%, CHKP +0.7%
M&A news: PNY +36.2% (to be acquired by Duke Energy (DUK) for $60/share or ~$4.9 bln), NTI +7.1% (announces the receipt of a buyout proposal from Western Refining (WNR) for consideration valued at $27.62/unit)
Select Brazil related names showing strength: YPF +11.4%, BFR +8.7%, GGAL +8%, TEO +7.4%, OIBR +5% (receives proposal from Letter One to enter into exclusive negotiations with respect to a potential transaction with the objective of a possible consolidation of the Brazilian telecommunications sector), TSU +3.2%, VIV +2.5%, ITUB +1.6%
Chinese names involved in trasnaction: QUNR confirms Baidu (BIDU) share exchange with Ctrip.com (CTRP): QUNR +27.3%, CTRP +20.4%, BIDU +7.4%
Other news: OPTT +35.5% (Ocean Power Tech and Gardline Environmental announced a Memorandum of Understanding to jointly develop innovative metocean monitoring and maritime security systems), BDSI +16.1% (received a $50 million milestone payment from Endo International (ENDP) for FDA approval of Belbuca), TOUR +10.3% (likely in symp with CTRP), RDHL+4.9% (positive top-line results from its Phase 1 study of Yeliva), WTW +2.7% (cont strength), SKX +1.5% (modestly higher pre-mkt after last week's decline), V +0.9% (USAA to switch accounts to Visa (V) from Mastercard (MA))
Analyst comments: VFC +2.7% (upgraded to Overweight from Neutral at Piper Jaffray), PYPL +2.7% (added to Conviction Buy List at Goldman), AWAY +2.5% (upgraded to Outperform at Cowen), P +1.7% (upgraded to Outperform from Neutral at Macquarie), AMAT +1.3% (upgraded to Buy from Neutral at Nomura), CVLT +0.9% (upgraded to Overweight from Neutral at Piper Jaffray), GS +0.7% (upgraded to Overweight from Equal-Weight at Morgan Stanley)