Gapping up
In reaction to strong earnings/guidance:
- ADBE +2.8%, XPER +2.3%, .
Select UK related names showing strength following UK General election exit poll released: Conservatives predicted to win with commanding majority:
- BCS +8.9%, LYG +8.7%, EWU +3.5%, BTI +3.4%, CUK +2.3%, HSBC +2.2%, BP +1.5%
Other news:
- SRPT +28.2% (FDA grants accelerated approval to first targeted treatment for rare Duchenne muscular dystrophy mutation)
- EXEL +4.4% (reports positive results From IMspire150)
- IHRT +2.4% (iHeartMedia shareholder Liberty Media is seeking permission to increase its stake, according to The Wall Street Journal)
- WTI +1.7% (announces oil-weighted producing property acquisition in the Gulf of Mexico for $20.0 mln)
- CLVS +1.6% (continued strength)
- AMD +1.2% (after reaching its new highest levels in more than a decade)
- TPR +1% (Tapestry announces that CEO and Brand President of Kate Spade to depart at end of year)
- PCG +0.9% (files amended plan of reorganization; remains on track to achieve confirmation of plan before June 30 deadline)
- GSK +0.9% (ViiV Healthcare files submissions to the FDA and EMA for the first-ever dispersible formulation of dolutegravir (DTG) for children living with HIV) .
Analyst comments:
- TTMI +2.6% (upgraded to Overweight from Neutral at JP Morgan)
- ETSY +2.5% (initiated with a Buy at SunTrust)
- SNAP +2.4% (upgraded to Mkt Outperform from Mkt Perform at JMP Securities)
- HTHT +2% (upgraded to Buy from Outperform at CLSA)
- W +1.8% (initiated with a Hold at SunTrust)
- AMK +1.3% (upgraded to Overweight from Neutral at JP Morgan)
- IONS +0.9% (initiated with a Outperform at Oppenheimer)
- REGN +0.9% (upgraded to Outperform from Neutral at Credit Suisse)
- SCHW +0.8% (upgraded to Outperform from Mkt Perform at Keefe Bruyette)
- CIEN +0.7% (upgraded to Overweight at Piper Jaffray; tgt $50)