Gapping up In reaction to strong earnings/guidance: PETS +7.4%, VRX +4.8%, LII +3.5%, HAL +3.1%, CBU +2.1%, BTU +0.6%
M&A news: SHOR +18.3% (ShoreTel receives proposal by MITL for $8.10/share in cash), CNL +11.7% (enters agreement to be acquired by North American Investor Group), QEP +7.2% (announces sale of its Midstream Business to Tesoro Logistics LP (TLLP) for $2.5 bln), BBRY +5% (reports of Lenovo potentially making a bid for co),. NPSP +4.8% (Shire (SHPG) may consider another round of acquisition talks with NPSP or Cubist (CBST), according to reports), CBST +1% (sames as NPSP, also names Robert J. Perez CEO)
Other news: SCOK +54% (announced that its aboveground facility for the conversion of CO2 into clean-burning syngas had begun operations), NLNK +31.1% (announces exclusive worldwide licensing agreement for development of NLG919), APRI +17.7% (expands development pipeline with the in-licensing of U.S. rights for Fispemifene), RSH +8.8% (still checking), KNDI +4.3% (still checking), FST +4.1% (announces commencement of proxy mailing), NBG +3.6% (still checking), ETFC +3.6% (added to Conviction Buy List at Goldman), TTM +2.5% (Jaguar Land Rover may open US factory, according to reports), EXXI +2.2% (appointed Bruce Busmire to the position of CFO, replacing West Griffin who is stepping down effective October 20, 2014), TGTX +1.4% (RA Capital Management discloses 8.3% passive stake in 13G filing), SJM +1.4% (increases stock repurchases by 5 mln shares), HL +1.3% (releases production guidance), SHPG +1.3% (Interim Chief Financial Officer James Bowling to step down), RCL +1.2% (Healthcare worker aboard CCL ship tested negative for Ebola, according to reports), CCL +1.1% (Healthcare worker aboard CCL ship tested negative for Ebola, according to reports), PSEC +1% (makes $86.1 million follow-on first-lien senior secured debt investment in Onyx Payments), FDO +0.9% (Elliott issues letter to Family Dollar CEO and Board of Directors)
Analyst comments: BK +3.5% (upgraded to Neutral from Sell at Goldman), TUBE +1.9% (upgraded to Outperform from Market Perform at BMO Capital Markets), NEM +1.8% (upgraded to Buy from Neutral at Citigroup), SWFT +1.7% (upgraded to Buy from Neutral at Citigroup), AIG +0.9% (upgraded to Buy from Hold at Deutsche Bank), MU +0.8% (upgraded to Outperform from Sector Perform at Pacific Crest)