Gapping up
In reaction to strong earnings/guidance:
In reaction to strong earnings/guidance:
- CUDA +15.1%, (also CFO David Faugno will be stepping down August 1 and Dustin Driggs (chief accounting officer and worldwide controller since 2012) will replace Faugno
- GPS +4%, (Gap reports June same store sales +2.0% vs -3.6% Retail Metrics consensus - Banana Republic -4% vs -10.3% BR Retail Metrics consensus, Old Navy +5% vs -3.3% Old Navy consensus)
- APOL +2.2%, (ticking higher; is not providing an updated financial outlook at this time due to the pending merger)
- YIN +0.6%
M&A news:
- MITL +21.6% (Mitel Networks confirms it received notice from Polycom (PLCM) of a superior proposal from a third party, waives right to match consideration payable to Polycom stockholders)
- PLCM +13.5% (terminates previous merger with Mitel Networks (MITL), agrees to be acquired by Siris Capital Group for $12.50/share in cash)
Select EU financial related names showing strength: RBS +5.5%, LYG +5%, BCS +4.8%, DB +4.5%, PUK +4.2%, SAN+3.5%, CS +2.9%, HSBC +1.9%
Select metals/mining stocks trading higher: MT +3.2%, BHP +2.6%, SBGL +2.5%, RIO +2.3%, BBL +2.2%, GOLD+1.7%, AU +1.5%, FCX +1.2%
Other news:
Select metals/mining stocks trading higher: MT +3.2%, BHP +2.6%, SBGL +2.5%, RIO +2.3%, BBL +2.2%, GOLD+1.7%, AU +1.5%, FCX +1.2%
Other news:
- EBIO +35.2% (announces the IND application for EBI-031 has become effective, co to receive a $22.5 mln milestone payment from F. Hoffman-La Roche & Hoffmann-La Roche)
- MBLX +14% (Metabolix says currently engaged in discussions with interested parties concerning alternatives for its biopolymers business and Yield10 crop science program and may engage in discussions with additional parties as it progresses through the strategic review)
- SWHC +4.3% (relating to last night's shooting in Dallas)
- RGR +3.1% (relating to last night's shooting in Dallas)
- CDE +1.6% (announced Q2 production of 4.0 mln ounces of silver and 92,726 ounces of gold, or 9.6 mln silver equivalent ounces; co is maintaining 2016 production guidance of 33.8-36.8 mln silver equivalent ounces)
- CGA +1.5% (light volume, discloses entry into various strategic agreements)
- SYF +1.1% (ticking higher, announces $0.13/share quarterly dividend, $952 mln repurchase program)
Analyst comments:
- FUN +1.3% (upgraded to Outperform from Neutral at Macquarie)
- INTC +1.2% (upgraded to Market Perform at Bernstein)
- GFI +1.1% (upgraded to Buy from Neutral at Goldman)