Gapping up
In reaction to strong earnings/guidance: KN +24.5%, TCS +21.3%, SANM+8.3%, BP +4.9%, SAVE +3.6%, PCAR +3.5%, NXPI +3.2%, TMUS +3.2%, IR+3.1%, GPK +3.1%, PXD +2.9%, SSW +2.4%, SCL +2.1%, COH +1.8%, DD +1.6%,BAX +1.6%, ENTG +1.6%, AVG +0.9%, POL +0.9%, JBLU +0.9%, WYN +0.7%,PAG +0.6%
M&A news: AMID +27.3% (American Midstream Partners announced the acquisition of interests in Gulf of Mexico midstream infrastructure and incremental ownership in Delta House for ~$225 mln; revised 2016 guidance with adj EBITDA and reduced distribution)
Select EU financial related names showing strength after peer Standard Chartered posted better than expected earnings: SC +5%, DB +3.3%, HSBC+3.1%, SAN +2.9%, LYG +2.7%, CS +1.9%, RBS +1%, BCS +0.9%
Select oil/gas related names showing strength: BCEI +2.7%, RIG +1.4%, CHK+1.4%, RIG +1.4%
Other news: SEED +25% (names Dr. William S. Niebur as President and CEO),PETX +15.8% (Aratana Therapeutics announces that Elanco Animal Health, a division of Eli Lilly (LLY), has licensed animal health rights to Aratana's Galliprant), BLDP +13.7% (Ballard Power Protonex subsidiary demonstrates UAV propulsion system with Boeing (BA) Insitu; flight demonstrations planned for the second half of 2016), REXX +10% (provides update on balance sheet initiatives, closes 2 privately negotiated exchange transactions with certain holders of securities ), OGXI +7.4% (following 30%+ move higher on Monday),PACB +2.5% (announce the signing of an agreement to jointly promote technology solutions for long-read DNA sequencing), VRX +1.3% (stock continues to remain volatile in pre-mkt action)
Analyst comments: DDD +-2.6% (downgraded to Hold from Buy at Needham),AMCX +1.1% (upgraded to Outperform from Neutral at Macquarie)
In reaction to strong earnings/guidance: KN +24.5%, TCS +21.3%, SANM+8.3%, BP +4.9%, SAVE +3.6%, PCAR +3.5%, NXPI +3.2%, TMUS +3.2%, IR+3.1%, GPK +3.1%, PXD +2.9%, SSW +2.4%, SCL +2.1%, COH +1.8%, DD +1.6%,BAX +1.6%, ENTG +1.6%, AVG +0.9%, POL +0.9%, JBLU +0.9%, WYN +0.7%,PAG +0.6%
M&A news: AMID +27.3% (American Midstream Partners announced the acquisition of interests in Gulf of Mexico midstream infrastructure and incremental ownership in Delta House for ~$225 mln; revised 2016 guidance with adj EBITDA and reduced distribution)
Select EU financial related names showing strength after peer Standard Chartered posted better than expected earnings: SC +5%, DB +3.3%, HSBC+3.1%, SAN +2.9%, LYG +2.7%, CS +1.9%, RBS +1%, BCS +0.9%
Select oil/gas related names showing strength: BCEI +2.7%, RIG +1.4%, CHK+1.4%, RIG +1.4%
Other news: SEED +25% (names Dr. William S. Niebur as President and CEO),PETX +15.8% (Aratana Therapeutics announces that Elanco Animal Health, a division of Eli Lilly (LLY), has licensed animal health rights to Aratana's Galliprant), BLDP +13.7% (Ballard Power Protonex subsidiary demonstrates UAV propulsion system with Boeing (BA) Insitu; flight demonstrations planned for the second half of 2016), REXX +10% (provides update on balance sheet initiatives, closes 2 privately negotiated exchange transactions with certain holders of securities ), OGXI +7.4% (following 30%+ move higher on Monday),PACB +2.5% (announce the signing of an agreement to jointly promote technology solutions for long-read DNA sequencing), VRX +1.3% (stock continues to remain volatile in pre-mkt action)
Analyst comments: DDD +-2.6% (downgraded to Hold from Buy at Needham),AMCX +1.1% (upgraded to Outperform from Neutral at Macquarie)