>>> US Gapping up

Gapping up
In reaction to strong earnings/guidance:

  • N/A.

M&A news:

  • MLNX +8.7% (to be acquired by NVIDIA (NVDA) for $125 per share in cash), NVDA +1.0%
  • DB +2.8% (Board has agreed to start talks with Commerzbank )

Select China related names showing strength:

  • WB +3.2%, VIPS +3.2%, BZUN +3.1%, MOMO +2.1%, SOHU +2%, JD +2%, SMI +1.4%, BABA +1.3%, BIDU +1.2%

Other news:

  • JKS +3.5% (modestly rebounding following last week's 20% decline)
  • TTM +1.7% (global wholesales in February 2019)
  • MDT +0.9% (authorizes incremental $6.0 bln for share repurchases)
  • TSLA +0.8% (to raise vehicle prices by about 3% on average worldwide; no price increase on $35k Model 3; will keep significantly more stores open than previously announced) 

Analyst comments:

  • ECA +5% (upgraded to Outperform from Market Perform at Cowen)
  • FEYE +4% (upgraded to Overweight from Neutral at JP Morgan)
  • NTNX +3.1% (upgraded to Buy from Hold at Jefferies)
  • PGTI +2.8% (upgraded to Overweight from Sector Weight at KeyBanc Capital Markets)
  • AVDR +2.4% (initiated with a Overweight at JP Morgan)
  • RIG +2% (initiated with a Buy at Goldman)
  • AAPL +1.5% (upgraded to Buy from Neutral at BofA/Merrill)
  • FB +1.4% (upgraded to Buy from Neutral at Nomura)
  • WY +1.1% (upgraded to Outperform from Market Perform at BMO Capital Markets)

>>> US Early premarket gappers

Early premarket gappers

Gapping up:

  • MLNX +11.1%, CATB +10%, TENX +11.6%, JKS +3.8%, SMI +3.7%, FEYE +3.9%, WB +2.4%, MOMO +2.3%, VIPS +3.2%, SOHU +0.9%, JD +1.9%, DB +1.7%, BZUN +1.7%, AAPL +1.9%, FB +1.5%, ING +1.5%, CHK +1.1%, BIDU +1.4%, BABA +1.4%, TSLA +1.3%

Gapping down:

  • BA -8.6%, DRD -6%, LUV -3.4%, NVDA -2.2%, AU -1.4%, ORCL -1.5%, SEEL -1.5%, MUX -1.1%, ICL -0.9%, TI -1%, GFI -0.8%, STM -0.7%