Gapping up
In reaction to strong earnings/guidance: LXK +5.5%, MNRO +5.3%, GIGA +2.6%, GLW +2.1%, NVS +1.7%, SHBI +1.4%, CIT +1.2%, PH +1%, WAT +0.8%
M&A news: SIMG +23.1% (to be acquired by Lattice Semiconductor (LSCC) in an all-cash tender offer of $7.30 per share), COMM +6.4% (TE Connectivity may be very close to deal to sell network business to Commscope Holding (COMM) for $3 bln, according to reports), TEL +4.5% (may be very close to deal to sell network business to Commscope Holding (COMM) for $3 bln, according to reports), WPZ +1.9% (Williams Partners and Access Midstream Partners (ACMP) announced that merged MLP first quarterly cash distribution will be $0.85/unit), LSCC +1.4% (acquiring SIMG for $7.30 per share; also reaffirms Q4 revs)
Other news: EROC +7.8% (provided update on Regency unit sale and Eagle Rock repurchase program: co has sold ~3.3 mln Regency Energy Partners units and has repurchased ~8.5 mln shares as of January 23, 2015) CANF +7.4% (received positive data regarding its CF602 drug candidate), USAT +7.3% (announced a national rollout of new acceptance points for Apple Pay; will work with iPhone 6, iPhone 6 Plus and Apple Watch), PLOW +6.7% (expected to benefit from snow storm in NE), ARTW +2.3% (names Amber Murra Chief Financial Officer), SDLP +2.3% (declares Q4 distribution of $0.5675, up 3% from previous $0.5525 distribution), AZN +1.2% (in sympathy with peer NVS earnings)
Analyst comments: SCSS +2.5% (upgraded to Buy from Hold at Stifel), EGO +1.8% (upgraded to Hold from Sell at Canaccord Genuity), YELP +1.5% (upgraded to Outperform from Mkt Perform at Raymond James)
In reaction to strong earnings/guidance: LXK +5.5%, MNRO +5.3%, GIGA +2.6%, GLW +2.1%, NVS +1.7%, SHBI +1.4%, CIT +1.2%, PH +1%, WAT +0.8%
M&A news: SIMG +23.1% (to be acquired by Lattice Semiconductor (LSCC) in an all-cash tender offer of $7.30 per share), COMM +6.4% (TE Connectivity may be very close to deal to sell network business to Commscope Holding (COMM) for $3 bln, according to reports), TEL +4.5% (may be very close to deal to sell network business to Commscope Holding (COMM) for $3 bln, according to reports), WPZ +1.9% (Williams Partners and Access Midstream Partners (ACMP) announced that merged MLP first quarterly cash distribution will be $0.85/unit), LSCC +1.4% (acquiring SIMG for $7.30 per share; also reaffirms Q4 revs)
Other news: EROC +7.8% (provided update on Regency unit sale and Eagle Rock repurchase program: co has sold ~3.3 mln Regency Energy Partners units and has repurchased ~8.5 mln shares as of January 23, 2015) CANF +7.4% (received positive data regarding its CF602 drug candidate), USAT +7.3% (announced a national rollout of new acceptance points for Apple Pay; will work with iPhone 6, iPhone 6 Plus and Apple Watch), PLOW +6.7% (expected to benefit from snow storm in NE), ARTW +2.3% (names Amber Murra Chief Financial Officer), SDLP +2.3% (declares Q4 distribution of $0.5675, up 3% from previous $0.5525 distribution), AZN +1.2% (in sympathy with peer NVS earnings)
Analyst comments: SCSS +2.5% (upgraded to Buy from Hold at Stifel), EGO +1.8% (upgraded to Hold from Sell at Canaccord Genuity), YELP +1.5% (upgraded to Outperform from Mkt Perform at Raymond James)