Gapping up
In reaction to strong earnings/guidance: TASR +13.3%, BSFT +10.7%, SIG+10.1%, PAH +5.3%, NLNK +4.9%, MGLN +4.5%, ARES +4.3%, EVEP +2.2%,FRO +2.2%, CMRX +2.1%, MEET +2%, BRK.B +1%, STNG +0.8%
M&A news: FDML +41.8% (receives merger proposal from Icahn Enterprises L.P. (IEP) for $7/share in cash), LSCC +7.4% (exploring a sale after receiving interest from a Chinese firm, according to Reuters), BCS +1.5% (responds to recent press speculation regarding a potential sale of its shareholding in Barclays Africa Group), LKQ +6.4% (to acquire Pittsburgh Glass Works from Kohlberg & Company and PPG Industries (PPG) for an enterprise value of $635 million)
Select metals/mining stocks trading higher: DRD +6.4%, MT +5.9%, HMY+5.3%, SBGL +4.4%, RIO +3.7%, BBL +3.3%, BHP +2.3%, GFI +2%, KGC+1.7%, GOLD +1%, ABX +1%, GDX +0.6%
Other news: CNX +9.9% (to sell Buchanan Mine and other metallurgical coal reserves to Coronado IV LLC for $420 mln and will suspend dividend program in conjunction w/ sale ), BSI +9% (Co's controlling shareholder, Alon Israel Oil Company, has approved the offer of a company controlled by Moti Ben-Moshe to acquire Alon's ~72.71% interest in Co), PBR +5.9% ( signed Term Sheet with the China Development Bank for financing of $10 bln), SUNE+4.4% (cont strength), VALE +4.1% (still checking), FCX +3.9% (still checking), CGEN +3.6% (presents results for CGEN-15029), GRPN +2.4% (cont strength), PTCT +1.6% (considering delisting Translarna from the German pharmacy ordering system), SYY +1.5% (details three year plan; operating income growth target raised to $500 mln by 2018)
Analyst comments: XLRN +2.4% (upgraded to Buy from Neutral at Janney),NFX +1.8% (upgraded to Strong Buy at Raymond James)
In reaction to strong earnings/guidance: TASR +13.3%, BSFT +10.7%, SIG+10.1%, PAH +5.3%, NLNK +4.9%, MGLN +4.5%, ARES +4.3%, EVEP +2.2%,FRO +2.2%, CMRX +2.1%, MEET +2%, BRK.B +1%, STNG +0.8%
M&A news: FDML +41.8% (receives merger proposal from Icahn Enterprises L.P. (IEP) for $7/share in cash), LSCC +7.4% (exploring a sale after receiving interest from a Chinese firm, according to Reuters), BCS +1.5% (responds to recent press speculation regarding a potential sale of its shareholding in Barclays Africa Group), LKQ +6.4% (to acquire Pittsburgh Glass Works from Kohlberg & Company and PPG Industries (PPG) for an enterprise value of $635 million)
Select metals/mining stocks trading higher: DRD +6.4%, MT +5.9%, HMY+5.3%, SBGL +4.4%, RIO +3.7%, BBL +3.3%, BHP +2.3%, GFI +2%, KGC+1.7%, GOLD +1%, ABX +1%, GDX +0.6%
Other news: CNX +9.9% (to sell Buchanan Mine and other metallurgical coal reserves to Coronado IV LLC for $420 mln and will suspend dividend program in conjunction w/ sale ), BSI +9% (Co's controlling shareholder, Alon Israel Oil Company, has approved the offer of a company controlled by Moti Ben-Moshe to acquire Alon's ~72.71% interest in Co), PBR +5.9% ( signed Term Sheet with the China Development Bank for financing of $10 bln), SUNE+4.4% (cont strength), VALE +4.1% (still checking), FCX +3.9% (still checking), CGEN +3.6% (presents results for CGEN-15029), GRPN +2.4% (cont strength), PTCT +1.6% (considering delisting Translarna from the German pharmacy ordering system), SYY +1.5% (details three year plan; operating income growth target raised to $500 mln by 2018)
Analyst comments: XLRN +2.4% (upgraded to Buy from Neutral at Janney),NFX +1.8% (upgraded to Strong Buy at Raymond James)