>>> US Gapping up

Gapping up
In reaction to strong earnings/guidance: HOME +8%

M&A news:
  • VTAE +157.8% (to be acquired by Allergan (AGN) for $21.00/share in cash, or approximately $639 mln)
  • COMM +3.7% (sells fiber access products, technologies, and service relationships to Adtran (ADTN))
  • GLUU +3.5% (acquires Poke Radar for $500k in cash)
Select metals/mining stocks trading higher:
  • GFI +2.9%, HMY +2.8%, BBL +2.4%, GOLD +2.1%, BHP +2%, VALE +2%, AU +1.9%, MT +1.4%, AUY +1.4%, X+1.3%, GDX +1.1%, ABX +0.9%
Other news:
  • SRPT +13.3% (higher in extended trade on chatter that Dr. Ronald Farkas is no longer with the FDA)
  • AST +10.3% (presents positive interim efficacy data from the 10 mln cell cohort in the Company's ongoing AST-OPC1 SCiSTAR Phase 1/2a multicenter clinical study)
  • PTX +6.7% (announces the USPTO has issued patents related to dosing patients with Zohydro ER with BeadTek)
  • PLUG +6.6% (announces that Mitsubishi Nichiyu Forklift is displaying one of the company's GenDrive fuel cell systems in its industrial trucks at Logis Tech Tokyo)
  • HTBX +6.4% (resumes enrollment in its Phase 1b trial evaluating HS-110 in combination with nivolumab)
  • ARRY +5.7% (announces Phase 3 Beacon CRC SPA agreement with FDA)
  • EXEL +4.4% (receives EU approval for CABOMETYX tablets; triggers $60 million milestone payment)
  • AVGR +4.2% (light volume - receives FSS Contract Award from the U.S. Department of Veterans Affairs)
  • HLF +3.3% (following Icahn comments at CNBC Delivering Alpha)
  • BLDP +2.6% (in sympathy with PLUG)
  • EQR +2.2% (declares a special cash dividend of $3/share)
  • SGMS +1.9% (ticking higher, wins lottery technology contract in Germany)
Analyst comments:
  • SSL +5.2% (upgraded to Buy from Neutral at Citigroup)
  • CYH +4.5% (upgraded to Positive from Neutral at Susquehanna)
  • EGO +4.4% (upgraded to Buy from Underperform at BofA/Merrill)
  • M +2.1% (upgraded to Buy from Neutral at Citigroup)
  • FFIV +1.6% (upgraded to Outperform from Perform at Oppenheimer)
  • LVS +1.3% (upgraded to Buy from Hold at Argus)

>>> US Early premarket gappers

Early premarket gappers

Gapping up: SRPT +13.3%, HOME +6.4%, GFI +4.5%, AVGR +4.2%, SSL +4.2%, EGO +4.1%, HMY +4%, BBL +3.4%, MT+2.9%, BHP +2.9%, NYMX +2.7%, PBR +2.5%, HLF +2.4%, GOLD +2.4%, AU +2.4%, CHK +2.3%, M +2.3%, VALE +2%,SGMS +1.9%, HL +1.7%, X +1.6%, CRH +1.6%, GSK +1.4%, POT +1.3%, AZN +1.2%, ABX +1.2%, AUY +1.1%, GDX +1.1%,ABB +0.9%, MON +0.8%, SLV +0.7%

Gapping down: LFVN -18.9%, AGIO -4.4%, AGIO -4.4%, RLGT -4%, OAS -3.6%, CALD -2.9%, EURN -2%, BT -1.4%, MTU -1%,BBVA -1%, NOK -0.9%, VOD -0.8%, RYAAY -0.8%, ERIC -0.7%

(Le Monde) Sécurité des aéroports : Gemalto souffle « Parafe » à Safran

Sécurité des aéroports : Gemalto souffle « Parafe » à Safran

Le désir de mariage avec Safran Identity & Security n’empêche pas la rivalité commerciale. Gemalto vient de souffler à son concurrent le prestigieux contrat de « Parafe », le système automatisé de contrôle des passeports biométriques utilisé dans les aéroports de Roissy, Orly et Marseille.
Selon plusieurs sources, Groupe ADP, qui avait lancé un appel d’offres pour le renouvellement et l’extension de Parafe, a retenu, fin juillet, Gemalto. L’ex-Morpho en était l’opérateur depuis la création du dispositif en 2009. La filiale de Safran reste un fournisseur de Groupe ADP qui lui a notamment confié, en début d’année, un des contrôles de sécurité renforcée des bagages.
Parafe facilite le passage aux frontières en permettant aux passagers dotés d’un passeport biométrique français de s’identifier dans...

>>> Street Pre-Market Indications

CS
ABB +1% Artisan is the latest to back spin off of ABB's Power Grids
Braas Monier +17% Co has rejected €25 offer from largest share holder
Clariant M/P Buys Kel-Tech, X-Chem to Strengthen N. America Business
Det Norske +3-5% Production costs lower, raises output guidance
DKSH +2% CS double upgrade on rev growth opportunities
Dunelm M/P FY numbers inline fine, nothing new on guidance
Flughafen Z unch Passenger traffic stats +4.0%, commercial activities -1.5%
Galliford Try +1% Linden Homes Solid and Construction remains positive
Gerry Weber +2-3% Numbers slightly ahead, guidance re-iterated
Hermes -2% Sales data already known, but co drops 8% sales target
Lastminute +5-7% Adjusted EBITDA Eu17.3m 44% ahead of cons, raises guidance
Linde -1-2% Chairman says the co are NOT holding PRAXAIR talks
LVMH unch Negative reads from Richemont and Hermes results
Miners +0.75% Major commodites steady and no major USD move
Richemont -3-5% Sales weaker, warning on H1 prof, poor outlook
Swatch -1-2% Negative read from Richemont numbers

shore
DUNELM - Fy op pft 129.3m.Divi 19.1p.Special 31.5p distribution..............+2%
GALLIFORD TRY - Proposes 21% increase in final divi.Outlook remains positive.+2%
ACCESSO - H1 revs $39.7m.swings back to profit,On track to meet FY views.....+1%
ALLIANCE PHARMA - 1h revs +104%,PBT +113%,confident on outlook...............+1%
WILMINGTON - revs +11%,adj PBT +13% £20.9m,sees weaker start from Legal unit.-1%
FOCUSRITE - sees FY revs of 54m following strong H2..........................+2%
EPWIN - revs +15.5% £143.3m,oper.pft +47.5%,margins improve,good outlook.....+1%
ADV.MEDICAL SOL - revs +20% £39.2m,PBT +16% £9.5m,revs still ahead of expec..+1%
TOWN CENTRE SECS - NAV +3.8%,occupancy at 98%,no brexit effect on portfolio.UNCH

MF
*BAYER-Propose improved Monsanto offer of $129 vs $127.5.............+0.5%
*LINDE-Not discussing reviving Praxair talks Chairman says - HB......+0.5%
*SFR-Risks fine of €500m over acquisition by Numericable - Echos.....-1%
*SAB-China resources considers bid for Central Europe Assets €6b.....+0.5%
*ADO PROPS-Cap Inc 5.6m news shares €35.5-€36(37.8),bks covered......-5%
*ENGIE-Disposing of 15b of assets,will push into Green Tech..........+0.5%
*CFR-Sales -13%(-11),€ -18%(13),Watches -18%(-11.5),Jew -15%(-10.5)..-2%
*HAPAG LLOYD-CEO sees consolidation of industry after Hanjin.........+0.5%
*SAP-Concur agrees to buy Travel-Search Business Hipmunk.............U/C
*GERRY WEBER-Sales 194.8m(194),Net -6.9m(-7.6),Ebit -7.8m(-9)........+3%
*MICHELIN/CONTI-Aug tire market overall Neutral(details on sep bbg)..U/C
*HERMES-Op Inc 826.8m(818.5),Net 545m(546),abandons sales grth tgt...-1%