Gapping up
In reaction to strong earnings/guidance:
- N/A.
M&A news:
- MLNX +8.7% (to be acquired by NVIDIA (NVDA) for $125 per share in cash), NVDA +1.0%
- DB +2.8% (Board has agreed to start talks with Commerzbank )
Select China related names showing strength:
- WB +3.2%, VIPS +3.2%, BZUN +3.1%, MOMO +2.1%, SOHU +2%, JD +2%, SMI +1.4%, BABA +1.3%, BIDU +1.2%
Other news:
- JKS +3.5% (modestly rebounding following last week's 20% decline)
- TTM +1.7% (global wholesales in February 2019)
- MDT +0.9% (authorizes incremental $6.0 bln for share repurchases)
- TSLA +0.8% (to raise vehicle prices by about 3% on average worldwide; no price increase on $35k Model 3; will keep significantly more stores open than previously announced)
Analyst comments:
- ECA +5% (upgraded to Outperform from Market Perform at Cowen)
- FEYE +4% (upgraded to Overweight from Neutral at JP Morgan)
- NTNX +3.1% (upgraded to Buy from Hold at Jefferies)
- PGTI +2.8% (upgraded to Overweight from Sector Weight at KeyBanc Capital Markets)
- AVDR +2.4% (initiated with a Overweight at JP Morgan)
- RIG +2% (initiated with a Buy at Goldman)
- AAPL +1.5% (upgraded to Buy from Neutral at BofA/Merrill)
- FB +1.4% (upgraded to Buy from Neutral at Nomura)
- WY +1.1% (upgraded to Outperform from Market Perform at BMO Capital Markets)
