Gapping up
In reaction to strong earnings/guidance:
- MEET +9.1% (raises Q4 guidance) MPAA +5.1%, DHR +1.8%, ACB +1.7%, NVCR +0.9%, IART +0.9%
Stocks gapping up to three-week high:
- XBI +1.3%, DIA +1%, SPY +0.9%, QQQ +0.8%, XLK +0.7%
Tech stocks following suit:
- NVDA +2.4%, AMZN +2%, NFLX +1.8%, CRM +1.6%
Other news:
- HFBC +29.4% (Hopfed Bancorp to merge into First Financial [THFF]),
- AXSM +18.6% (contined strength following positive depression data)
- UNP +7.6% (names former Canadian National Railway exec Jim Vena as COO effective Jan 14),
- ZIOP +4.8% (releases letter to stockholders - enters the new year with operational momentum with Sleeping Beauty and Controlled IL-12 platforms),
- CREE +3.7% (light volume; Cree signed multi-year agreement to produce and supply its Wolfspeed silicon carbide wafers to STMicroelectronics),
- AKRX +2.5% (Akorn and Bruce Kutinsky entered into a letter agreement agreeing that Kutinsky will no longer serve as Chief Operating Officer effective December 31)
- TSLA +2.5% (Director Larry Ellison confirms $1B stake)
- NVDA +2.4% (introduces DRIVE AutoPilot, world's first commercially available Level 2+ automated driving system)
- PBR +1.4% (to make additional changes to the exec board -- appoints Carlos Alberto Pereira de Oliveirato to the Exploration and Production Executive Office)
Analyst comments:
- MNST +2.9% (SunTrust u/g to Buy)
- ABB +2.1% (BAML u/g to Buy)
- JWN +1.7% (Morgan Stanley u/g to Equal-Weight)
- NTR +1.1% (BMO u/g to Outperform)