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INVN going climacctic to the upside?
Waiting for a sign...heheh
Gapping down
In reaction to disappointing earnings/guidance: PRIM -47.5%, QLYS -23.9%, ACRX -23.8%, (provides Zalviso regulatory update; notes its request for a Type B meeting with the FDA was denied), CVLT -13.2%, ONDK -9.6%, EOX -7.7%, SGY -7.6%, EIGI -7.5%, URG -5.4%, XNCR -5.2%, RGR -4.4%, PTCT -4.3%, KLIC -4.3%, EMR -4.2%, INVN -3.9%, SNHY -3.7%, PQ -3.4%, KMT -3.2%, OTTR -2.7%, MCEP -2.6%, MDU -2.6%, BALT -2.1%, ANIP -2.1%, LSCC -1.8%, HSBC -1.8%, EIGI -1.3%
M&A news: AVP -0.8% (having trouble finding a buyer, according to NY Post)
Other news: ACRX -23.8% (co's request for a meeting with the FDA was denied; FDA reiterated that an additional clinical study will be required for Zalviso), HELI -3.5% (announced appointment of Lee Eckert as successor CFO, effective July 16, 2015), ACHC -2.7% (announces a proposed offering of 4.5 mln shares of common stock ), MYCC -1.8% (announces secondary offering of 11 mln shares of common stock by a selling shareholder ), VRSK -1.5% (announces a proposed $675 mln offering of common stock ), EGLE -1.2% (disclosed departure of COO Alexis P. Zoullas)
Analyst comments: LUX -4.1% (downgraded to Mkt Perform from Outperform at Raymond James), GNW -2.8% (downgraded to Underweight from Equal-Weight at Morgan Stanley), AOL -2.7% (downgraded to Sell from Neutral at Goldman), STM -1.7% (downgraded to Neutral from Buy at BofA/Merrill), BIDU -1.6% (downgraded to Neutral from Overweight at JP Morgan), VECO -1.3% (downgraded to Outperform from Buy at Credit Agricole), MFRM -1.1% (downgraded to Neutral from Overweight at Piper Jaffray), MSI -0.7% (downgraded to Sell from Neutral at Goldman)
Read more: http://www.briefing.com/Platinum/InDepth/InPlay.htm#ixzz3ZGg0FAmm
Gapping up
In reaction to strong earnings/guidance: ATEN +17.8%, IM +16.3%, NLS +16.2%, ABMD +15.1%, ELNK +12.4%, CHUY +11.7%, ECOM +9.8%, (also Names David Spitz Chief Executive Officer and Scot Wingo Executive Chairman), AMRI +7.4%, UBS +7.1%, EFOI +7.1%, NLNK +7%, SSE +6.7%, CRTO +5.8%, TXRH +5.3%, MERU +4.5%, EL +4.5%, MNK +4.4%, DENN +4.1%, ININ +4.1%, NUVA +3.8%, TCPI +3.7%, LMNX +3.6%, CYNO +3.5%, CKEC +3.2%, CTT +3.1%, MATX +3%, SALE +2.9%, THC +2.1%, IDTI +2.1%, CGNX +1.9%, AEGR +1.8%, HCP +1.8%, BLMN +1.7%, OZM +1.5%, ZTS +1.4%, DISCA +1.4%, DISCA +1.4%, LPX +1.2%, GTN +1.1%, H +1.1%, VMC +1%, CDE +0.9%, ALLT +0.9%, APC +0.8%, PLOW +0.8%, PCOM +0.8%, NTI +0.8%, HW +0.8%, AFSI +0.8%
Select oil/gas related names showing strength with WTI up ~2% pre-mkt: EXXI +5.7%, OAS +2.2%, SDRL +1.9%, RIG +1.7%, XOM +0.8%, CVX +0.8%
Other news: PTBI +45.1% (Soros Fund Management disclosed 5.17% passive stake in 13G filing), GLNG +17.1% (Ophir Energy plc appoints Golar as midstream partner for Fortuna FLNG project in Equatorial Guinea), ECOM +9.8% (named David Spitz CEO and Scot Wingo Executive Chairman effective today; co also reported earnings), JAH +4.4% (following yesterday's positive mention by Pershing Square's Ackman), ISIS +3.4% (favorably commentary on Monday's Mad Money), ZIOP +2.4% (announces the initiation of a Phase 1 study of Ad-RTS-hIL-12 plus veledimex), BCO +2.1% ( Starboard Value discloses 8.2% active stake in 13D filing), ARWR +2% (announced that it completed dosing volunteers and will begin dosing patients in its on-going Phase 1 study of ARC-AAT), BNFT +1.8% (announced the signing of a reseller agreement with SAP), ISSI +1.6% (Starboard Value increased active stake to 11.5% from 9.9% in amended 13D filing)
Analyst comments: CONN +8% (upgraded to Outperform from Perform at Oppenheimer), TSLA +3.5% (initiated with a Buy at Jefferies; tgt $350), NFLX +2.2% (upgraded to Buy at BofA/Merrill), ALU +2.1% (upgraded to Buy from Neutral at Citigroup), ASEI +2.1% (upgraded to Buy at The Benchmark Company), SAFM +1.9% (upgraded to Overweight from Equal Weight at a boutique firm), ARRS +1.8% (upgraded to Buy from Neutral at Goldman), CYNI +1.7% (upgraded to Neutral from Underweight at JP Morgan), JBLU +1.4% (upgraded to Overweight from Neutral at JP Morgan), ETN +1.2% (upgraded to Overweight from Neutral at JP Morgan)
Read more: http://www.briefing.com/Platinum/InDepth/InPlay.htm#ixzz3ZGeKC1K7
Notable movers of interest
The following are some of today's most notable movers of interest, categorized by market capitalization (large cap over $10 billion and mid cap between $2-10 billion) and ranked by % change (all stocks over 100K average daily volume).
Large Cap Gainers
CTSH (63.78 +7.85%): Beat Q1 consensus EPS estimates by $0.01, beat on revs; guided Q2; slightly raised FY15 guidance.
JD (34.28 +2.22%): Upgraded to Buy from Neutral at Citigroup.
HSIC (141.81 +2.14%): Beat Q1 consensus EPS estimates by $0.01, missed on revs; reaffirmed FY15 EPS guidance.
Large Cap Losers
WLK (74.88 -3.64%): Reported Q1 (Mar) earnings of $1.10 per share, $0.10 worse than the Capital IQ Consensus Estimate of $1.20; revenues rose 7.3% year/year to $1.1 bln vs the $1.13 bln consensus.
WBK (27.71 -4.42%): Reported Q1 EPS of AUD1.21 vs AUD1.22 Capital IQ consensus; downgraded to Neutral from Buy at Goldman.
PXD (167.4 -2.42%): Under pressure following cautious mention from Greenlight's David Einhorn.
Mid Cap Gainers
ON (12.57 +6.44%): Beat Q1 consensus EPS estimates by $0.03, beat on revs; guided Q2 revs in-line.
ICPT (267.21 +4.79%): Positive mention in Barron's, saying the name could be a takeover target.
AEO (16.65 +4.36%): Initiated with a Outperform at RBC Capital Mkts; tgt $20.
Mid Cap Losers
KOS (9.2 -4.96%): Reported Q1 (Mar) loss of $0.21 per share, $0.11 worse than the Capital IQ Consensus Estimate of ($0.10); revenues fell 44.1% year/year to $132.6 mln vs the $169.54 mln consensus.
HYH (46.21 -5.4%): Missed Q1 consensus EPS estimates by $0.11, beat on revs; reaffirmed FY15 EPS guidance.
DCI (36.02 -4.46%): Sees FY15 revs of $2.3-2.4 bln (lowered from $2.4-2.5 bln) vs $2.47 bln Capital IQ Consensus Estimate, adjusted EPS of $1.51-1.61 (lowered from $1.65-1.85) vs $1.75 Capital IQ Consensus Estimate.
Read more: http://www.briefing.com/Platinum/InDepth/InPlay.htm#ixzz3ZCRWTBzz
Greenlight's David Einhorn out cautious on frackers at Ira Sohn
HCLP, SLCA, EMES, CRR, FMSA, XLE
Today's biggest point gainers/losers
Biggest point gainers:
ICPT (263.53 +8.54), TSLA (232.06 +6.03), CTSH (64.49 +5.35), WYNN (118.04 +5.33), MELI (150.50 +5.15), BSFT (36.66 +4.44), SHAK (74.65 +3.90), INCY (101.80 +3.52), ATHM (55.75 +3.32), AMZN (426.15 +3.28), BIDU (205.13 +2.66), SEDG (29.36 +2.59), BRK.B (145.83 +2.47), MSG (85.33 +2.33), EXAS (24.34 +2.32), AMGN (162.67 +2.31), AMCX (78.61 +2.31), PANW (153.05 +2.23), HSIC (141.02 +2.18), BIB (159.71 +2.17), ASPS (29.10 +2.16), MLM (149.98 +2.15), IBB (346.14 +2.14), CHTR (189.52 +2.09), GOOG (539.96 +2.06)
Biggest point losers:
ONCE (51.65 -6.87), BLUE (134.00 -4.94), SYT (73.05 -4.87), GMCR (111.91 -4.32), LNKD (202.61 -2.60), ILMN (188.64 -2.59), WLK (75.36 -2.35), BUD (119.08 -2.31), CRM (71.21 -2.15), AAVL (31.06 -2.12), UTHR (168.92 -2.00), SCTY (59.68 -1.94), PCRX (66.96 -1.85), HYH (47.09 -1.76), MON (116.69 -1.75), AVGO (121.10 -1.70), PRE (126.62 -1.68), NXPI (99.41 -1.58), TSO (88.42 -1.49), NFLX (555.62 -1.41), MPC (101.47 -1.19), DCI (36.51 -1.19), GTLS (35.74 -1.17), LNG (76.68 -1.16), VLO (57.78 -1.12)
Read more: http://www.briefing.com/Platinum/InDepth/InPlay.htm#ixzz3ZBoPqOLP
Nice job, MG...
Meaning the trade...but also the kitchen...lol
Gapping up
In reaction to strong earnings/guidance: ARRY +13.9%, SCOK +6.9%, BSFT +4.9%, ON +4.8%, CTSH +4.4%, PETS +3.3%, DO +2.5%, RLGY +2.5%, CMCSA +1.7%, BRK.B +1.1%, EXAS +1%, CVC +0.5%
M&A news: CYNI +24.9% (entered into a definitive agreement to be acquired by Ciena (CIEN) for approximately $4.75 per share of Cyan common stock), FRM +19.1% (has received a written non-binding indication of interest from a strategic acquiror for a transaction in which all Furmanite stockholders would receive cash for their shares, at a substantial premium to current market prices), NYT +4.4% (Michael Bloomberg may bid $5 bln for NYT, according to Fox Business)
Other news: IMNP +4.9% (Immune Pharma and STC Biologics announce strategic partnership to accelerate development of NanomAbs), BLRX +4.7% (successful completion dose escalation stage in its ongoing Phase 2 study of BL-8040), NETE +3.4% (entered into a Securities Purchase Agreement to offer and sell 5,500 shares of newly-issued Series A Convertible Preferred Stock having an aggregate offering price of $5.5 mln; also announced 2 other financings), ARRS +2.8% (Arris and Tivo announce partnership on an integration of TiVo software and cloud-based services with ARRIS set-top boxes), ALU +2.6% (in symp with NOK, which was upgraded today), TIVO +2.1% (Arris and Tivo announce partnership on an integration of TiVo software and cloud-based services with ARRIS set-top boxes), CTIC +1.7% ( Baxalta Incorporated discloses 8.7% passive stake in 13G filing), MDR +1.1% (received a large contract amendment from Al-Khafji Joint Operations for a platform in the Hout field), TSLA +0.9% (Edison International (EIX) teams up with Tesla for battery storage projects), WYNN +0.7% (Macau Gaming Inspection and Coordination Bureau reports April gross gaming rev -39% YoY)
Analyst comments: CBYL +9% (initiated with a Outperform at Wedbush; tgt $21), QTM +3.4% (upgraded to Outperform from Market Perform at Northland Capital), WLL +3% (upgraded to Overweight from Equal-Weight at Morgan Stanley), NOK +2.5% (upgraded to Buy at Kepler), JD +2% (target raised to $44 at Oppenheimer), WETF +1.5% (upgraded to Outperform from Mkt Perform at Keefe Bruyette), TWTR +1.4% (upgraded to Hold from Sell at Stifel), LNKD +1.4% (upgraded to Buy from Hold at Argus), WFM +1.1% (target raised to $65 at Oppenheimer), AMZN +0.8% (target raised to $525 at Oppenheimer)
Read more: http://www.briefing.com/GeneralContent/Platinum/Active/FullTextSearch/FullTextSearch.aspx#ixzz3ZAxR5eFy
Gapping down
In reaction to disappointing earnings/guidance: DCI -2%, KOS -1.9%, MGM -1.9%, BWP -1.7%, HYH -1.7%, WBK -1.3%, SYY -1.3%, ARCC -1.2%, NMM -0.8%, D -0.6%, HSIC -0.5%
M&A news: SYT -6.8% (pulling back following M&A speculation on Friday)
Other news: NBG -4.8% (little progress in Greece negotiations over the wkend), EMES -4.5% (CFO departs for personal reasons), VALE -2.1% (modest pull back following last week's advances), ARP -1.8% (files for $600 mln mixed securities shelf offering), CNHI -1.6% (small pull back following recent strength last week), ADPT -1.6% (proposed common stock offering of 2.1 mln shares), STM -1% (cont weakness)
Analyst comments: ANF -2.1% (initiated with a Underperform at RBC Capital Mkts), SCTY -1.2% (downgraded to Neutral from Outperform at Robert W. Baird), BUD -0.5% (downgraded to Underperform from Outperform at Credit Agricole)
Read more: http://www.briefing.com/GeneralContent/Platinum/Active/FullTextSearch/FullTextSearch.aspx#ixzz3ZAxDSkzW
Great weekend wishes to all...Later, guys...
IRA Sohn Conference 2015 Line-Up Schedule Includes Einhorm, Ackman and all the gang...Monday and Tuesday...should be fun :)
http://www.valuewalk.com/2015/04/ira-sohn-conference-schedule/
MNKD...dunno, conix...the Afrezza data seems to be already out...and that appears to be the 'big' news...?
So far the shorts have been right on this one...at least for the last couple of months...
But I grant you that some of the shorts will cover before the earnings release on May 7, and conference call on May 8...and some may hold into earnings...
Good luck to you...I really hope it works out for you..
Today's biggest point gainers/losers
Biggest point gainers:
REGN (470.09 +12.63), BIIB (385.94 +12.01), UTHR (171.14 +11.45), ELLI (65.26 +10.26), SYT (76.60 +9.56), IBB (340.84 +7.18), EXPE (101.29 +7.06), RCPT (153.76 +6.42), BIB (155.00 +6.12), IART (64.64 +5.86), WAB (99.45 +5.40), MLM (147.95 +5.30), SWKS (97.54 +5.29), IDXX (130.52 +5.15), AVGO (121.75 +4.87), NXPI (100.54 +4.42), YUM (90.24 +4.28), ILMN (188.53 +4.28), GILD (104.77 +4.26), ACT (286.84 +3.98), WHR (179.56 +3.96), SPG (185.42 +3.93), LEG (45.75 +3.28), ALTR (44.93 +3.25), GBX (60.92 +3.23)
Biggest point losers:
LNKD (200.03 -52.10), ABAX (56.02 -7.98), CTCT (27.07 -7.78), ATHN (116.05 -6.61), CTB (38.00 -4.49), FLT (156.47 -4.42), PODD (25.44 -4.41), HAR (126.25 -4.13), LPNT (71.03 -3.85), GTLS (37.04 -3.51), GOOG (533.88 -3.46), CRR (40.90 -3.33), GOOGL (545.50 -3.27), TSLA (222.83 -3.22), AMZN (418.94 -2.85), CVX (108.54 -2.52), PCRX (66.00 -2.48), BIDU (197.81 -2.48), FLS (56.06 -2.47), XEC (122.00 -2.40), COLM (60.45 -2.25), TSRO (52.22 -2.25), BWLD (157.08 -2.22), TAL (36.34 -2.20), DWA (23.88 -2.18)
Read more: http://www.briefing.com/Platinum/InDepth/InPlay.htm#ixzz3Yu4gZEJ3
Early premarket gappers :
Gapping up:
WAVX +37.9%, SYT +17.8%, OXGN +12.2%, VLTC +11%, NTRI +10.1%, OCN +10.1%, ELLI +8.2%, TER +7.9%, LLNW +7.8%, ELLI +7.4%, LYG +7.3%, CENX +6.6%, ATHN +6.1%, ALU +5.6%, EXPE +5.3%, ALTR +5.1%, UVE +5.1%, BRKS +4.5%, FEYE +4.4%, CEMP +4%, EXEL +3.9%, SWKS +3.5%, EEP +3.2%, HERO +3.1%, RIO +3.1%, MOBL +3%, CY +2.9%, GILD +2.9%, SKYW +2.9%, NKTR +2.9%, NSU +2.9%, SRNE +2.7%, WU +2.6%, TSLA +2.5%, GERN +2.5%, AEM +2.3%, MXL +2%, AEHR +1.8%, FCX +1.4%, HABT +1.4%, BYD +1.4%, ELS +1.3%, BHP +1.3%, LEG +1.2%, COHU +1.2%, RUTH +1.2%, CRC +1.1%, RGC +1.1%, THG +1.1%, CRC +1.1%, CHSP +1%
Gapping down:
LNKD -20.7%, PODD -18.9%, HTCH -15.3%, ARAY -13.9%, CTCT -9.9%, PXLW -8.6%, TLOG -8.3%, FLS -7%, NRX -6.7%, NRX -6.7%, TRMB -6.6%, AXAS -5.3%, ABAX -4.7%, CTRL -4.4%, COLM -4.3%, RKUS -4.1%, JDSU -3.9%, FSLR -3.8%, FSLR -3.8%, FRGI -3.1%, TNDM -2.6%, V -2.2%, DWA -2.1%, SPWR -2.1%, TUES -2%, SPF -1.9%, SCSC -1.8%, HME -1.8%, MOS -1.7%, POL -1.7%, FBHS -1.3%, BCS -1.2%, EVHC -1.2%, BMRN -0.9%, MITK -0.9%
You folks have a fine evening...gotta jet for now...
I marked my calendar...May 13 thru the 16...Thanks for the link to the ASGCT meeting...
Is the market telling us to sell in May and go away? Dunno...
BTW: 2014 was an exception to this adage...
Gapping down...late post, just for the record
In reaction to disappointing earnings/guidance: YELP -18%, GNC -10%, GNRC -8%, PCRX -7.2%, MVIS -5.4%, TKR -5.2%, HBIO -5.1%, FORM -5%, CAMT -4.9%, DXCM -4.2%, FLEX -3.8%, BIDU -3.6%, KEX -3.5%, CRR -3.3%, SFLY -3.2%, NGD -2.9%, EPD -2.9%, HEES -2.8%, CAVM -2.7%, POT -2.6%, LPLA -2.6%, TEX -2.5%, DYAX -2.4%, USLM -2.2%, UFS -2.1%, LXRX -1.9%, (announces one for seven reverse stock split effective May 20, 2015), BLKB -1.9%, CBT -1.9%, CL -1.9%, CELG -1.9%, LNC -1.7%, XL -1.6%, AVP -1.4%, ROG -1.3%, KEG -1.3%, ORN -1.3%, ASH -1.2%, MUR -1.2%, POWI -1%, VRTX -0.8%, SU -0.8%, SCG -0.8%
M&A news: FLEX -3.8% (to acquire Mirror Controls International from private equity firm Egeria )
Other news: INO -10.7% (announces a public offering of common stock), ALU -6% (in reaction to NOK earnings), ADXS -4% ( proposed public offering of common stock), STNG -4% ( announces public offering of 15 mln common shares ), NBG -3.6% (cont uncertainty in Greece), RIO -2.1% (in symp with VALE), TRN -1.1% (disclosed it received a subpoena April 28 from the DoJ; is also aware that multiple law firms have recently filed purported class action lawsuits ), AAPL -0.5% (reports of Apple Watch issues)
Analyst comments: AGIO -3.1% (downgraded to Hold from Buy at Canaccord Genuity ), PAG -1.3% (downgraded to Sell from Neutral at Goldman)
Read more: http://www.briefing.com/GeneralContent/Platinum/Active/FullTextSearch/FullTextSearch.aspx#ixzz3YoRuA3ef
Gapping up... late post, just for the record
In reaction to strong earnings/guidance: AAC +14.7%, INUV +12.7%, AAWW +9.9%, GTI +9.7%, HDSN +9.6%, FOE +8%, ARII +7.7%, HOS +6.8%, CVEO +6.6%, EQIX +5%, AR +4.9%, RRTS +4.5%, LOCK +3.8%, NCIT +3.5%, ABC +3.4%, SEE +3.1%, PPC +3%, NXPI +2.7%, AFFX +2.6%, ATW +2.5%, O +2.4%, RDWR +2.3%, SHPG +2.3%, HUN +2.2%, ROK +2.2%, QUIK +2%, EROC +2%, NE +1.8%, (light volume), ATTU +1.4%, TEVA +1.3%, DLPH +1.3%, SPRT +1.2%, CSII +0.9%, TWC +0.9%, ARRS +0.8%, ARRS +0.8%, PWE +0.8%
M&A news: WX +16.5% (announces receipt of proposal to acquire all outstanding shares for $46/ADS share in cash), CNSI +10% ( to divest BSS Business to Amdocs (DOX) for total purchase price of $272 mln), GTI +9.9% (Board approved agreement for sale of $150 mln of 7% convertible preferred shares to Brookfield Asset Management (BAM); co entered into a separate letter of intent for a possible tender offer by BAM to acquire GTI shares at $5.05 per share; co also reported earnings), OVTI +5.7% (near deal to be acquired by Hua Capital for ~$29 per share, or $1.68 bln, according to reports ),
Other news: GLUU +24.4% (announced that Tencent (TCEHY) has agreed to purchase 21 million shares of Glu's common stock at a price of $6.00 per share for total consideration of $126 mln; announced partnership with Britney Spears; co also reported earnings), FOE +8% (to acquire global inorganic pigments manufacturer Nubiola; co also reported earnings), SDRL +5.2% (in symp with STO), ESI +3.3% (announces Chief Financial Officer transition and enrollment results), AKAO +2.6% (reaches settlement of its claim with the Defense Threat Reduction Agency), FRPT +2.4% (prices 5,313,351 shares of common stock held by certain stockholders at $21.47 per share)
Analyst comments: SPLS +1.9% (upgraded to Buy from Hold at Jefferies), JBLU +1.7% (upgraded to Outperform from Neutral at Credit Suisse), BWLD +1.7% (upgraded to Outperform from Neutral at Robert W. Baird), ODP +1.6% (upgraded to Buy from Hold at Jefferies ), MDLZ +0.5% (upgraded to Buy from Hold at Deutsche Bank), CCJ +0.5% (upgraded to Outperform from Mkt Perform at Raymond James)
Read more: http://www.briefing.com/GeneralContent/Platinum/Active/FullTextSearch/FullTextSearch.aspx#ixzz3YoRIXuBF
Hey, Miami...thanks for the NXPI and CAH tickers...
good watchers for sure...
And yes, I agree...journaling your trades and doing daily/weekly follow up is an integral part of the process...
Great to 'see' you Mr. Krup...welcome home...
:)
I looked leftward on RCL chart and thought that 68/69 area contained some support, so maybe it will prove itself (or disprove itself) over the next few days...I am not playing it today, just sorry I missed the bulk of the move down...
Also this:
Thanks for the post...brings back memories for me, too...
Good ones!
SSYS..playing it down again today...amazing the good follow up we are getting on some gaps lately...both up and down...
Edit...just covered most at 38.50, nice roundish number
SSYS was a beautiful scalp trade...The best part was the consolidation/rest that it took before jumping off the cliff again....I got tied up in the FOMC baloney and did not watch it closely enough...
And you are welcome for the response...Although I kept it pretty brief, I hoped it would be helpful...
If we are smart, we will always keep learning new tricks...
:)
Federal Reserve releases FOMC statement/policy update
Information received since the Federal Open Market Committee met in March suggests that economic growth slowed during the winter months, in part reflecting transitory factors. The pace of job gains moderated, and the unemployment rate remained steady. A range of labor market indicators suggests that underutilization of labor resources was little changed. Growth in household spending declined; households' real incomes rose strongly, partly reflecting earlier declines in energy prices, and consumer sentiment remains high. Business fixed investment softened, the recovery in the housing sector remained slow, and exports declined. Inflation continued to run below the Committee's longer-run objective, partly reflecting earlier declines in energy prices and decreasing prices of non-energy imports. Market-based measures of inflation compensation remain low; survey-based measures of longer-term inflation expectations have remained stable.
Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. Although growth in output and employment slowed during the first quarter, the Committee continues to expect that, with appropriate policy accommodation, economic activity will expand at a moderate pace, with labor market indicators continuing to move toward levels the Committee judges consistent with its dual mandate. The Committee continues to see the risks to the outlook for economic activity and the labor market as nearly balanced. Inflation is anticipated to remain near its recent low level in the near term, but the Committee expects inflation to rise gradually toward 2 percent over the medium term as the labor market improves further and the transitory effects of declines in energy and import prices dissipate. The Committee continues to monitor inflation developments closely.
To support continued progress toward maximum employment and price stability, the Committee today reaffirmed its view that the current 0 to 1/4 percent target range for the federal funds rate remains appropriate. In determining how long to maintain this target range, the Committee will assess progress--both realized and expected--toward its objectives of maximum employment and 2 percent inflation. This assessment will take into account a wide range of information, including measures of labor market conditions, indicators of inflation pressures and inflation expectations, and readings on financial and international developments. The Committee anticipates that it will be appropriate to raise the target range for the federal funds rate when it has seen further improvement in the labor market and is reasonably confident that inflation will move back to its 2 percent objective over the medium term.
The Committee is maintaining its existing policy of reinvesting principal payments from its holdings of agency debt and agency mortgage-backed securities in agency mortgage-backed securities and of rolling over maturing Treasury securities at auction. This policy, by keeping the Committee's holdings of longer-term securities at sizable levels, should help maintain accommodative financial conditions.
When the Committee decides to begin to remove policy accommodation, it will take a balanced approach consistent with its longer-run goals of maximum employment and inflation of 2 percent. The Committee currently anticipates that, even after employment and inflation are near mandate-consistent levels, economic conditions may, for some time, warrant keeping the target federal funds rate below levels the Committee views as normal in the longer run.
Read more: http://www.briefing.com/Platinum/InDepth/InPlay.htm#ixzz3YismAGz5
FOMC starts now..
XON...Now that's good trading, Sulph...well thought out plan...
Gapping down
In reaction to disappointing earnings/guidance: IG -26.8%, (has submitted its second abbreviated New Drug Application of 2015 with the FDA; brings total pending ANDA submissions to 24 for the company ), INAP -18.5%, SSYS -18.1%, LL -15.6%, (also CFO Daniel Terrell will leave company and DOJ indicated it is seeking criminal charges under the Lacey Act with respect to laminate flooring allegations) GPRE -11.2%, WYNN -10.8%, (also cuts dividend), BWLD -10.2%, BLDP -9.8%, NVDQ -7.8%, OTEX -7%, RES -6.3%, AKAM -5.2%, X -4.4%, SLCA -3.6%, SAVE -3.6%, PNRA -3.3%, CRUS -3.2%, ARLP -3.1%, ULTI -3%, TWTR -2.6%, (late move lower on early earnings release), BBVA -2.3%, AFL -2.2%, AUY -2%, FARO -1.9%, WDC -1.9%, LINE -1.9%, ACGL -1.7%, FUN -1.5%, SO -1.3%, CALX -1.2%, AIZ -1%, (exploring strategic alternativces for employee benefits and health business segment; Provides Q1 Outlook), GRMN -1%, BMR -0.9%, KRFT -0.8%, PSEM -0.8%, WM -0.8%
Select metals/mining stocks trading lower: MT -3.3%, BHP -2.5%, BBL -2.2%, RIO -1.6%, FCX -1.4%
Other news: ASND -9.5% (announced results from Phase 1 study of TransCon Treprostinil, stating that injection-site tolerability issues did not meet the criteria defined in the target product profile), SVU -7.5% (Stephen Feinberg (Cerberus Capital) discloses 8.0% active stake in 13D filing; filing did not mention any plans to hold discussions with management), RES -6.3% (announces a reduction in its quarterly dividend to $0.05/share from $0.105/share), MGM -4.5% (following WYNN earnings/guidance), HASI -4.3% (announces commencement of a 4 mln share, public offering of common stock), BGS -4.1% (announces its intention to offer 4.2 mln shares of its common stock ), MPEL -4.1% (following WYNN earnings/guidance), DDD -4% (following SSYS guidance), LVS -4% (following WYNN earnings/guidance), ALQA -3.9% (announces proposed public offering of common stock), XONE -3.5% (following SSYS guidance), POST -1.5% (reported information regarding an avian influenza incident at one of its Michael Foods Group segment third party contracted egg suppliers), SO -1.3% (disclosed it will record pre-tax charge to income for the estimated probable losses on the Kemper IGCC of ~$5.6 mln after tax in Q1), LEAF -1.2% (upsizes and prices 27,864,525 shares of its common stock at a public offering price of $51.50 per share)
Analyst comments: AKS -1.9% (removed from Short-Term Buy List at Deutsche Bank), DB -1.4% (downgraded to Sell at Berenberg), GLW -1.1% (downgraded to Sell from Underperform at Credit Agricole)
Read more: http://www.briefing.com/Platinum/InDepth/InPlay.htm#ixzz3Yhb0J0ZQ
Gapping up
In reaction to disappointing earnings/guidance: GPRO +12.2%, (also agreed to acquire Kolor), HERO +12.2%, MCGC +10.7%, SNCR +7.7%, GNW +7.6%, AMED +6.9%, AMED +6.9%, HAWK +6.1%, LOGM +5.8%, AMCC +5.8%, HELE +4%, BGFV +4%, MDLZ +3.3%, SMSI +3.2%, CLDX +3.1%, KTCC +2.7%, EEFT +2.5%, CLF +2.2%, NOC +2.1%, ICON +2.1%, TPX +2%, VRSK +1.9%, IACI +1.9%, HLT +1.9%, MA +1.9%, CCUR +1.8%, ESRX +1.7%, ANTM +1.7%, TWX +1.6%, WEX +1.6%, LFUS +1.4%, GD +1.4%, SLAB +1.3%, HES +1.3%, MTSI +1.1%, CRI +1.1%, XOOM +0.9%, ACHC +0.9%, ETN +0.9%, FCAU +0.9%, TAHO +0.7%
M&A news: XPO +13.1% (to Acquire Norbert Dentressangle), MCGC +12.2% ( to be acquired by PennantPark Floating Rate Capital (PFLT) for ~$4.75 per share), HOT +8.8% (Board has determined to explore a full range of strategic and financial alternatives to increase shareholder value, and has retained Lazard to assist in the process, also reported earnings)
Other news: UNXL +8.1% (files for $75 mln mixed securities shelf offering; also files for ~4.89 mln share offering of common stock by selling stockholders ), IHG +4.9% (in symp with HOT), ARIA +3.5% (Chariman, CEO and President Harvey Berger to retire in connection with settlement agreement with Sarissa Capital), AGIO +3.3% (announces that it plans to advance into AG-881 clinical development in collaboration with its cancer metabolism partner Celgene), MHR +2.5% (clarifies that in accordance with the recent amendment and waiver to the first lien credit facility, it is required to raise, by May 29, 2015, and not by any earlier date, $65 mln of aggregate net cash proceeds)
Analyst comments: VOD +1.7% (upgraded to Buy from Hold at Berenberg), LLY +1.7% (upgraded to Buy from Neutral at Citigroup)
Read more: http://www.briefing.com/Platinum/InDepth/InPlay.htm#ixzz3Yhai7mSu
Looks like several AH halts on now...but I cannot stay for the extended hours...
Everyone have a good evening...
G'nite
yep...(TWTR) has been halted for news pending down 6% after apparent leak: Selerity reported Q1 rev $436 mln vs. $456 mln consensus and $440-450 mln guidance; EPS $0.07 vs. $0.04 consensus; MAU 302 mln vs. 301 mln consensus.
Today's biggest point gainers/losers
Biggest point gainers:
ACT (289.27 +4.08), RCII (30.81 +3.77), MELI (140.21 +3.36), UPS (100.74 +3.31), WAT (125.00 +3.00), MRK (60.09 +2.99), GOLD (77.13 +2.89), TSLA (234.41 +2.86), ESPR (102.67 +2.60), VDSI (27.16 +2.58), BLUE (134.51 +2.39), OMI (35.76 +2.34), AET (109.17 +2.25), IRM (38.43 +2.19), NFLX (568.23 +2.15), FDX (171.15 +2.12), VRX (204.10 +2.08), RGLD (63.67 +1.88), MYL (73.48 +1.76), TM (142.33 +1.67), HUM (181.77 +1.65), SNDK (69.29 +1.62), AKRX (44.71 +1.61), CSIQ (37.18 +1.53), RTEC (13.57 +1.52)
Biggest point losers:
WHR (180.24 -17.59), IDXX (143.70 -17.36), MDCA (19.24 -8.74), BIIB (382.04 -7.23), UTHR (166.34 -5.88), PH (119.23 -5.66), EIGI (16.96 -4.98), NOV (50.69 -4.00), REGN (469.53 -3.95), CMI (135.41 -3.84), TCS (17.85 -3.84), LGND (83.51 -3.79), SSNC (58.75 -3.61), JEC (43.07 -3.59), LH (122.14 -3.47), CHRW (65.60 -3.34), BITA (61.58 -3.23), AMZN (435.37 -3.19), WUBA (78.61 -3.08), ECL (113.02 -3.07), ALXN (171.71 -3.04), MNST (140.44 -3.00), WYN (87.29 -2.81), CIT (44.55 -2.75), ICLR (67.53 -2.68)