Gapping up
In reaction to strong earnings/guidance:
- ADBE +6.1% (reaffirms Q4 guidance; sees FY19 rev up 20%), PLUG +3.2% (raises FY18 revenue guidance) CRY +3% (light volume; sees Q3 revenue above consensus), MS +2.9%, JBHT +1.5%, UNH +1.4%, OMC +1.1%, DVN +1.1%, GS +1.1%, INFY +0.9%
Other news:
- HQCL +14.6% (enters definitive agreement going-private transaction implying equity value of approximately $825 million)
- SEND +13.2% (Twilio to acquire SendGrid in an all-stock transaction valued at approximately $2 billion)
- GORO +6.1% (reports Q3 production; reaffirms FY18 production)
- ULBI +4% (thinly traded; awarded $8.3 million communications radio contract)
- CGC +3.9% (continues strength; also confirmed earnings release date will be Nov 14)
- AAP +2% (Advance Auto & Wal-Mart (WMT) announce plans to launch automotive specialty store on Walmart.com)
- WERN +1.6% (following JBHT earnings/guidance)
- CRM +1.4% (following ADBE guidance)
- NVS +1.1% (5-year data in psoriatic arthritis and ankylosing spondylitis reinforces Cosenty)
- SNY +0.8% (announces two pivotal Phase 3 placebo-controlled trials evaluating Dupixent in adults with inadequately-controlled chronic rhinosinusitis with nasal polyps met all primary and secondary endpoints) .
Analyst comments:
- TLRY +6.3% (initiated with a Buy at The Benchmark Company)
- RACE +4.4% (added to US 1 List at BofA/Merrill)
- FTCH +4.2% (initiated with a Outperform at Wells Fargo; initiated with a Buy at Deutsche Bank, among others)
- SYMC +3.6% (upgraded to Market Perform from Underperform at Cowen)
- CGNX +3.4% (upgraded to Buy at Needham)
- ESPR +2.4% (initiated with a Buy at BTIG Research; tgt $82)
- LVS +2.1% (upgraded to Buy from Hold at HSBC Securities)
- YMAB +1.9% (initiated with a Buy at BofA/Merrill)
- CBRL +1.3% (upgraded to Outperform at Telsey Advisory Group)
- IFF +1.1% (upgraded to Buy from Hold at Deutsche Bank)
- PYPL +1% (added to US 1 List at BofA/Merrill)
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