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Gapping down
In reaction to disappointing earnings/guidance: DATA -39.9%, LNKD-30.7%, GIGA -28.6%, OUTR -23.5%, SWIR -22.4%, YRCW -18.8%, EDE-17.2%, AME -11%, HBI -10.2%, DECK -9.8%, ESL -9.2%, LGF -5%, TEAM-4.6%, ASYS -4.5%, LPTH -3.9%, ATHN -3.7%, RNG -3.5%, OCLS -2.4%,UEPS -1.9%
Other news: LINE -41.4% (announces Process to Explore Strategic Alternatives Related to Its Capital Structure), HES -10.2% (prices offerings of 25 mln shares of common stock at $39.00 per share, and 10 mln depositary shares of its 8.00% Series A Mandatory Convertible Preferred Stock), QTNT -8.7% (prices 4,444,445 of ordinary shares at $9.00 per share), MT -7% (reports Q4 results; confirms capital raise and sale of stake in Gestamp), ZBH -1.6% (prices 11,027,558 shares of its common stock, which are being sold by current stockholders, at $96.45/share),TWTR -0.9% (in symp with LNKD earnings), FB -0.9% (in symp with LNKD earnings)
Analyst comments: N/A.
In reaction to disappointing earnings/guidance: DATA -39.9%, LNKD-30.7%, GIGA -28.6%, OUTR -23.5%, SWIR -22.4%, YRCW -18.8%, EDE-17.2%, AME -11%, HBI -10.2%, DECK -9.8%, ESL -9.2%, LGF -5%, TEAM-4.6%, ASYS -4.5%, LPTH -3.9%, ATHN -3.7%, RNG -3.5%, OCLS -2.4%,UEPS -1.9%
Other news: LINE -41.4% (announces Process to Explore Strategic Alternatives Related to Its Capital Structure), HES -10.2% (prices offerings of 25 mln shares of common stock at $39.00 per share, and 10 mln depositary shares of its 8.00% Series A Mandatory Convertible Preferred Stock), QTNT -8.7% (prices 4,444,445 of ordinary shares at $9.00 per share), MT -7% (reports Q4 results; confirms capital raise and sale of stake in Gestamp), ZBH -1.6% (prices 11,027,558 shares of its common stock, which are being sold by current stockholders, at $96.45/share),TWTR -0.9% (in symp with LNKD earnings), FB -0.9% (in symp with LNKD earnings)
Analyst comments: N/A.
Gapping up
In reaction to strong earnings/guidance: UBNT +20.1%, ECOM +12.5%,SYMC +11.1% (also announces $500 mln strategic investment by Silver Lake, increases total capital return program to $5.5 bln), HIG +7.4%,PCTY +7.2%, TSN +4.4%, LITE +4.1%, PXLW +3.6%, MOBL +3.1%, SSD+3.1%, NTGR +3%, KIRK +2.4%, MTD +1.4%, ELY +1.3%, ELY +1.3%, TTMI+1.1%, SKYW +0.7%.
M&A news: MFLX +39.9% (Multi-Fineline to be acquired by Suzhou Dongshan Precision Manufacturing for $23.95 share in cash, BSI +18.5% (receives offer from the Zeevi Group to acquire 51% of BSI's outstanding shares from Alon Retail Ltd. for NIS 85 mln)
Select oil/gas related names showing strength: SDRL +7.8%, STO +4.8%,RDS.A +2.6%, CHK +1.2%, BP +1.2%, RIG +1.1%
Other news: SCLN +16.8% (SciClone announces final resolution with the Securities And Exchange Commission and The Department Of Justice),BCRX +6.6% (Baker Bros. boosts active stake to 20.5% (Prior 19.5%), GENE+2.7% (executes a Settlement and Release Agreement with Hendrix Genetics B.V.)
Analyst comments: GLUU +3% (upgraded to Buy at Benchmark), WFM+1.6% (upgraded to Neutral at Longbow)
In reaction to strong earnings/guidance: UBNT +20.1%, ECOM +12.5%,SYMC +11.1% (also announces $500 mln strategic investment by Silver Lake, increases total capital return program to $5.5 bln), HIG +7.4%,PCTY +7.2%, TSN +4.4%, LITE +4.1%, PXLW +3.6%, MOBL +3.1%, SSD+3.1%, NTGR +3%, KIRK +2.4%, MTD +1.4%, ELY +1.3%, ELY +1.3%, TTMI+1.1%, SKYW +0.7%.
M&A news: MFLX +39.9% (Multi-Fineline to be acquired by Suzhou Dongshan Precision Manufacturing for $23.95 share in cash, BSI +18.5% (receives offer from the Zeevi Group to acquire 51% of BSI's outstanding shares from Alon Retail Ltd. for NIS 85 mln)
Select oil/gas related names showing strength: SDRL +7.8%, STO +4.8%,RDS.A +2.6%, CHK +1.2%, BP +1.2%, RIG +1.1%
Other news: SCLN +16.8% (SciClone announces final resolution with the Securities And Exchange Commission and The Department Of Justice),BCRX +6.6% (Baker Bros. boosts active stake to 20.5% (Prior 19.5%), GENE+2.7% (executes a Settlement and Release Agreement with Hendrix Genetics B.V.)
Analyst comments: GLUU +3% (upgraded to Buy at Benchmark), WFM+1.6% (upgraded to Neutral at Longbow)
Fingerprint speculated as takeover candidate
Fingerprint Cards [STO:FING-B], a Swedish biometric sensor manufacturer, may well be taken over this year, according to a report in Breakit.
The Swedish business website speculated that the semiconductor industry has seen a lot of M&A activity lately, making a takeover of Fingerprint more likely.
Breakit pointed to California-based Qualcomm as a possible buyer. The item also noted that a Chinese buyer is also possible, especially considering that the Chinese government has expressed an interest taking a leading role within this segment.
Breakit
PM Abe advisor Honda: BOJ could take more action if strong JPY has impact on sentiment and inflation expectations
VOLKSWAGEN AG: Volkswagen delays the reporting of the Annual Results and the Annual General Meeting