Gapping up
In reaction to strong earnings/guidance:
- GNCA +22.9%, TSLA +18.1%, CMRE +12%, QEP +11.9%, MKSI +9.9%, MX +8.6%, PYPL +8%, LRCX +7.6%, FFIV +7.4%, ALGN +7.2%, NOW +6.4%, TAL +6.4%, STM +6.3%, EW +6%, VAR +5.8% (also appoints J. Michael Bruff as CFO, effective December 1), FCN +5.1%, KRC +5%, AMP +5%, ARGX +4.7%, PTC +4.6%, SAVE +4.6%, PTEN +4.3%, CTXS +4%, SEIC +3.9%, PDS +3.8%, RELX +3.8%, ASGN +3.6%, NXGN +3.5% (also announces additional investment by South Bend Clinic and acquisition of Topaz Information LLC; terms not disclosed), ORLY +3.4%, DOW +3.4%, PLXS +3.3%, RRC +2.9%, AZN +2.8%, CMCSA +2.5%, RS +2.3%, SLM +2.2%, LUV +1.9%, CLB +1.7%, TECK +1.7%, DHT +1.4%, RTN +1.2%, VLO +1.1%, KIM +1.1%, MSFT +1%, BMRN +1%, .
Other news:
- MR +9.1% (anticipates third quarter 2019 production to be above the high end of the previously announced guidance of between 600-615 MMcfe per day and to exceed current consensus expectations)
- AYR +8.8% (Marubeni (28.8% active stake) says recently decided to pursue a potential acquisition of all of the Common Shares it does not already own; Board is evaluating strategic alternatives, has received preliminary non-binding expressions of interest from multiple third parties)
- AMAT +4.2% (following LRCX earnings)
- AYX +3.5% (being attributed to Capitalize for Kids conference mention by Tudor)
- KLAC +2.1% (following LRCX earnings)
- TWLO +2% (NOW sympathy)
- SQ +1.7% (higher with PYPL; also Square and simPRO partner to provide payment processing options to field service professionals)
- SPLK +1.2% (NOW sympathy)
- TEAM +1.2% (NOW sympathy)
Analyst comments:
- OSK +1.7% (upgraded to Outperform from Neutral at Robert W. Baird)
- LYFT +1.2% (initiated with an Equal-Weight at Morgan Stanley)
