Not A Good news for VIV & Altice
SAUDI ARABIA, RUSSIA REACH CONSENSUS ON OIL FREEZE: INTERFAX
--> Mkat rallying on that news.... not sure that Saudi Arabia & Russia are the real issue in oil freeze...I will sell th oil rally if reah the 41.50 levels....we need to talk of Libya, iran & irak...
Fed's Harker (non-voter, hawkish): Prudent to wait for more inflation growth before raising rates again, fewer rate increases should be needed to attain policy neutrality than in past recoveries
- Expect faster wage growth could translate into more robust inflation levels- Fed needs to move more cautiously when inflation is low
- Inflation will only move back to 2% very gradually
- If headwinds dissipate quickly and inflation picks up, Fed will need a more aggressive policy approach
- We will reach our employment mandate very soon, if we haven't already
- Slower China growth and USD strength are downside risks to the outlook- US consumer spending is growing at a solid pace
Fed's Harker (non-voter, hawkish): Prudent to wait before raising rates again, fewer rate increases should be needed to attain policy neutrality than in past recoveries
Gapping down
In reaction to disappointing earnings/guidance: JNPR -7.5%, FAST -3.7%, AA -3.6%
Other news: NOK -1.5% (likely trading lower in sympathy with peer ERIC (ERIC initiated with Sell at CS), SRC -1.3% (upsizes offering by 3 mln shares and prices 30 mln shares of common stock at $11.15), CSCO -1.3% (may be in sympathy with JNPR),GWW -1% (in sympathy with FAST (FAST reported earnings))
Analyst comments: FUEL -3.7% (resumed with a Sell at Citigroup), SBUX -2.3% (downgraded to Hold from Buy at Deutsche Bank), ERIC -1.5% (initiated with a Sell at Credit Agricole), PHH -1.1% (downgraded to Neutral from Buy at Sterne Agee CRT),AVP -1% (downgraded to Neutral from Overweight at Piper Jaffray).
In reaction to disappointing earnings/guidance: JNPR -7.5%, FAST -3.7%, AA -3.6%
Other news: NOK -1.5% (likely trading lower in sympathy with peer ERIC (ERIC initiated with Sell at CS), SRC -1.3% (upsizes offering by 3 mln shares and prices 30 mln shares of common stock at $11.15), CSCO -1.3% (may be in sympathy with JNPR),GWW -1% (in sympathy with FAST (FAST reported earnings))
Analyst comments: FUEL -3.7% (resumed with a Sell at Citigroup), SBUX -2.3% (downgraded to Hold from Buy at Deutsche Bank), ERIC -1.5% (initiated with a Sell at Credit Agricole), PHH -1.1% (downgraded to Neutral from Buy at Sterne Agee CRT),AVP -1% (downgraded to Neutral from Overweight at Piper Jaffray).
Gapping up
In reaction to strong earnings/guidance: PERY +3.3%, JRJC +2.8%, OZRK+0.5%
M&A news: MRO +2.3% (to sell certain non-core assets for $950 mln)
Select EU financial related names showing continued strength: SAN +2.1%,ING +1.8%, BCS +1.5%, CS +1.2%, DB +0.6%
Select metals/mining stocks trading higher: BHP +3.9%, RIO +3.8%, BBL+3.4%, MTL +3.1%, VALE +2.5%, FCX +2.2%
Select oil/gas related names showing strength: REXX +11.2%, LEI +5.3%, HLX+4.7%, SDRL +3.9%, CHK +3.6%, RIG +1.6%, PBR +1%, STO +0.8%
Other news: EGLE +14.3% (Goldentree Asset Management disclosed active 18.6% stake in 13D), ARNA +10.3% (reports favorable results from Phase 1b multiple-ascending dose clinical trial of APD371), SUNE +7% (continued volatility in pre-mkt action), NMR +4.6% (confirms strategic changes in EMEA and the Americas), CEL +3% (announces Israeli Antitrust & Ministry of Communications oppose Golan Telecom purchase), VRX +1% (completes amendment to its credit facility to extend the deadline for filing its 10-K to May 31)
Analyst comments: FOLD +8.1% (target raised to $15 at Chardan Capital Markets; feels co could be bought for >$22.50/share), CPXX +6% (initiated with a Buy at Needham), P +3.2% (initiated with a Buy at Citigroup), MT+2.8% (upgraded to Buy from Neutral at Goldman; added to Conviction Buy List), YNDX +2.5% (upgraded to Buy from Neutral at Goldman), N +2.4% (initiated with an Overweight at Mitsubishi UFJ), GLW +2.1% (upgraded to Buy from Neutral at Goldman)
In reaction to strong earnings/guidance: PERY +3.3%, JRJC +2.8%, OZRK+0.5%
M&A news: MRO +2.3% (to sell certain non-core assets for $950 mln)
Select EU financial related names showing continued strength: SAN +2.1%,ING +1.8%, BCS +1.5%, CS +1.2%, DB +0.6%
Select metals/mining stocks trading higher: BHP +3.9%, RIO +3.8%, BBL+3.4%, MTL +3.1%, VALE +2.5%, FCX +2.2%
Select oil/gas related names showing strength: REXX +11.2%, LEI +5.3%, HLX+4.7%, SDRL +3.9%, CHK +3.6%, RIG +1.6%, PBR +1%, STO +0.8%
Other news: EGLE +14.3% (Goldentree Asset Management disclosed active 18.6% stake in 13D), ARNA +10.3% (reports favorable results from Phase 1b multiple-ascending dose clinical trial of APD371), SUNE +7% (continued volatility in pre-mkt action), NMR +4.6% (confirms strategic changes in EMEA and the Americas), CEL +3% (announces Israeli Antitrust & Ministry of Communications oppose Golan Telecom purchase), VRX +1% (completes amendment to its credit facility to extend the deadline for filing its 10-K to May 31)
Analyst comments: FOLD +8.1% (target raised to $15 at Chardan Capital Markets; feels co could be bought for >$22.50/share), CPXX +6% (initiated with a Buy at Needham), P +3.2% (initiated with a Buy at Citigroup), MT+2.8% (upgraded to Buy from Neutral at Goldman; added to Conviction Buy List), YNDX +2.5% (upgraded to Buy from Neutral at Goldman), N +2.4% (initiated with an Overweight at Mitsubishi UFJ), GLW +2.1% (upgraded to Buy from Neutral at Goldman)
Early premarket gappers
Gapping up: MNKD +7.9%, SUNE +5%, SDRL +4.9%, JRJC +4.9%, NMR +4.6%, BHP +3.7%, MTL +3.1%, MTL +3.1%, RIO+3%, PBR +2.7%, SAN +2.6%, CHK +2.2%, GLW +2.1%, VALE +2%, BCS +1.8%, ING +1.8%, VOD +1.5%, RIG +1.5%,IAG +1.4%, STO +1.3%, FCX +1.1%, DB +1%, CS +0.9%, MRO +0.7%, VRX +0.5%, OZRK +0.5%
Gapping down: JNPR -9.8%, AA -3.5%, SRC -2.6%, FAST -2.4%, REXR -2.1%, ERIC -1.5%, CSCO -1.4%, STM -1.2%
Gapping down: JNPR -9.8%, AA -3.5%, SRC -2.6%, FAST -2.4%, REXR -2.1%, ERIC -1.5%, CSCO -1.4%, STM -1.2%