>>> US Gapping up

Gapping up
In reaction to strong earnings/guidance:

  • ADBE +2.8%, XPER +2.3%, .

Select UK related names showing strength following UK General election exit poll released: Conservatives predicted to win with commanding majority:

  • BCS +8.9%, LYG +8.7%, EWU +3.5%, BTI +3.4%, CUK +2.3%, HSBC +2.2%, BP +1.5%

Other news:

  • SRPT +28.2% (FDA grants accelerated approval to first targeted treatment for rare Duchenne muscular dystrophy mutation)
  • EXEL +4.4% (reports positive results From IMspire150)
  • IHRT +2.4% (iHeartMedia shareholder Liberty Media is seeking permission to increase its stake, according to The Wall Street Journal)
  • WTI +1.7% (announces oil-weighted producing property acquisition in the Gulf of Mexico for $20.0 mln)
  • CLVS +1.6% (continued strength)
  • AMD +1.2% (after reaching its new highest levels in more than a decade)
  • TPR +1% (Tapestry announces that CEO and Brand President of Kate Spade to depart at end of year)
  • PCG +0.9% (files amended plan of reorganization; remains on track to achieve confirmation of plan before June 30 deadline)
  • GSK +0.9% (ViiV Healthcare files submissions to the FDA and EMA for the first-ever dispersible formulation of dolutegravir (DTG) for children living with HIV) . 

Analyst comments:

  • TTMI +2.6% (upgraded to Overweight from Neutral at JP Morgan)
  • ETSY +2.5% (initiated with a Buy at SunTrust)
  • SNAP +2.4% (upgraded to Mkt Outperform from Mkt Perform at JMP Securities)
  • HTHT +2% (upgraded to Buy from Outperform at CLSA)
  • W +1.8% (initiated with a Hold at SunTrust)
  • AMK +1.3% (upgraded to Overweight from Neutral at JP Morgan)
  • IONS +0.9% (initiated with a Outperform at Oppenheimer)
  • REGN +0.9% (upgraded to Outperform from Neutral at Credit Suisse)
  • SCHW +0.8% (upgraded to Outperform from Mkt Perform at Keefe Bruyette)
  • CIEN +0.7% (upgraded to Overweight at Piper Jaffray; tgt $50)

>>> US Early premarket gappers

Early premarket gappers

  • Gapping up:
    • SRPT +36.4%, IHRT +13%, BCS +9.4%, LYG +9.4%, BTI +3.7%, EWU +3.5%, ADBE +3%, EXEL +2.8%, CUK +2.7%, HSBC +2.7%, BP +1.9%, WTI +1.7%, PCG +1.6%, CIEN +1.2%, AMD +1.2%, GSK +1.1%, TPR +1%, IONS +0.9%
  • Gapping down:
    • AQST -16.3%, UTI -8.8%, NEXT -8%, PHR -7.4%, ASPU -3.3%, ORCL -2%, LULU -1.4%, CNC -1.4%, COST -1.1%

>>> Stoxx 600 Pre-Market Indications

  • Wirecard (WDI TH) +3.4%
  • Centrica (CENB TH) +2.9%
    • U.K. Utilities Seen Rising on Tory Election Win, Corbyn Quitting
  • RBS (RYS1 TH) +2.3%
    • Watch These Stocks After Boris Johnson Secures a Big Majority
  • Lloyds (LLD TH) +1.9%
  • Airbus (AIR TH) +1.9%
  • Linde (LIN TH) +1.5%
    • Watch Trade-Sensitive Stocks as Trump Approves Phase One Deal
  • Adidas (ADS TH) +1.4%
  • MTU Aero (MTX TH) +1.3%
  • BASF (BAS TH) +1.3%
  • AMS (DQW1 TH) +1.3%
    • AMS Resumed Buy at Deutsche Bank; PT 52 Swiss francs
  • Rio Tinto (RIO1 TH) -0.7%
    • Rio Has Applied for Review of ERA Decision, Takeover Panel Says
  • GVC (6GI TH) -0.9%
  • Reckitt (3RB TH) -1.4%
  • Barclays (BCY TH) -2.4%
  • Henkel (HEN3 TH) -6.1%
    • Henkel Cuts 2020 Outlook on Weaker Automotive-Industry Demand
  • Delivery Hero (DHER TH) -7.1%
    • Delivery Hero Buys South Korea’s Woowa at $4 Billion Valuation

>>> TradeGate Pre-Market Indications

DAX:
  • Wirecard (WDI TH) +3.1%
  • Adidas (ADS TH) +1.9%
    • Trump Approves U.S.-China Trade Deal to Halt Dec. 15 Tariffs
  • Linde (LIN TH) +1.7%
  • Covestro (1COV TH) +1.7%
  • Daimler (DAI TH) +1.6%
  • Siemens (SIE TH) +1.1%
  • Allianz (ALV TH) +1.1%
  • Lufthansa (LHA TH) +0.8%
  • Fresenius SE (FRE TH) +0.7%
  • Henkel (HEN3 TH) -6.2%
    • Henkel Cuts 2020 Outlook on Weaker Automotive-Industry Demand
MDAX:
  • Airbus (AIR TH) +2.2%
  • Siltronic (WAF TH) +1.8%
  • Hugo Boss (BOSS TH) +1.6%
  • K+S (SDF TH) +1.4%
  • Nemetschek (NEM TH) +1.3%
    • Watch European Software Stocks After Oracle Sales Miss Estimates
  • Delivery Hero (DHER TH) -6.7%
    • Delivery Hero Buys South Korea’s Woowa at $4 Billion Valuation
SDAX:
  • Varta (VAR1 TH) +2.7%
  • Schaeffler (SHA TH) +2.6%
  • Salzgitter (SZG TH) +2.3%
  • Jost Werke (JST TH) +2.2%
    • Jost Werke Buys Alo Holding for Enterprise Value of Eu250m
  • RIB Software (RIB TH) +2.1%
  • Suedzucker (SZU TH) -0.7%