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Coal & utility stocks seeing positive reaction to Michigan v EPA Supreme Court ruling (see 10:45) (11.52 +0.01) :
Select coal names seeing strength include: WLT +28.6%, ACI +10.6%, BTU +9.6%, ANR +3.8%, CLD +3.6%, CNX +2.2%, WLB +1.1%, AHGP +0.9%, KOL +0.3%
Select utility names also seeing strength: AEP +1.2%, PCG +1.2%. XLU +1.0%, D +1.0%, NEE +0.9%, EXC +0.8%
Today's biggest point gainers/losers
Biggest point gainers:
APH (57.82 +2.14), IDXX (65.81 +2.12), PETX (15.45 +2.01), TGNA (31.66 +1.95), ALDR (46.70 +1.06), MYRG (30.25 +1.02), BDX (143.06 +1.02), SYNA (87.30 +0.98), SQQQ (24.30 +0.88), BIS (29.11 +0.86), NEE (99.43 +0.73), ED (58.78 +0.68), DTE (75.60 +0.64), AEP (53.55 +0.64), SRE (100.08 +0.64), CC.W (15.60 +0.62), LL (21.72 +0.60), SLCA (29.03 +0.60), DUK (71.59 +0.59), D (67.79 +0.52), PCG (50.21 +0.51), SO (42.40 +0.51), FE (33.23 +0.48), WEC (46.67 +0.46), CNX (22.84 +0.45)
Biggest point losers:
MCRB (41.75 -9.65), NFLX (642.05 -9.57), LNKD (207.05 -8.88), GOOGL (545.64 -7.42), GOOG (524.71 -6.98), IBB (366.93 -5.85), VRX (222.99 -5.84), BIIB (403.53 -5.20), EQIX (253.74 -5.13), AGN (301.79 -4.82), TSLA (262.49 -4.60), ALXN (180.05 -4.40), TQQQ (108.82 -4.35), GS (208.92 -4.25), XIV (44.51 -4.09), DLPH (84.63 -3.98), HUM (191.52 -3.98), BLUE (161.69 -3.98), BUD (122.04 -3.91), PRGO (186.80 -3.75), SWKS (103.25 -3.65), AMZN (434.53 -3.57), BIDU (199.96 -3.40), AGO (24.02 -3.40), ASML (105.40 -3.38)
Read more: http://www.briefing.com/Platinum/InDepth/InPlay.htm#ixzz3eT6jUKiA
May Pending Home Sales M/M +0.9% vs +1.4% Briefing.com consensus
Har...not bad...don't push it...
:)
Gapping down
In reaction to disappointing earnings/guidance: ERB -1.4%.
Select EU related names showing weakness: SAN -6%, DB -5.9%, ING -4.8%, NOK -4.6%, SNY -4.2%, E -3.9%, ALU -3.7%, ORAN -3.5%, UN -3.3%, SAP -2%
Select China related names trading lower: ZNH -7%, JMEI -6.3%, CMCM -5.1%, TEDU -4.8%, JKS -3.3%, JD -2.6%, DANG -2.1%, YUM -2%
Select oil/gas related names showing early weakness: TOT -4.3%, SDRL -3.8%, STO -3.6%, AEG -3.5%
Other news: NBG -21.9% (cont uncertainty in Greece), AGO -12.9% (NYTimes DealBook reporting Puerto Rico cannot pay $72 bln in debt), CBLI -9.2% (cont volatility), BTU -6.1% (still checking), FIT -4.1% (volatilty post IPO), RDHL -3.3% (initiates a Phase I/II clinical study in the US, evaluating ABC294640 in patients with refractory/relapsed diffuse large B-cell lymphoma), PM -2.2% (says its PT HM Sampoerna subsidiary will explore options to comply with the Indonesian Stock Exchange's mandatory requirement of a minimum threshold for public shareholding), CLDX -1.9% (independent Data Safety and Monitoring Board recommended continuation of the Phase 3 ACT IV study of RINTEGA), TWTR -1.8% (VP of Corporate Development and Strategy Rishi Garg tweets he is leaving the company)
Analyst comments: MBI -6.7% (downgraded to Neutral at BTIG Research), YOKU -5.3% (downgraded to Underperform from Neutral at Mizuho), MKTX -2.7% (downgraded to Underperform from Neutral at Macquarie), M -2.6% (downgraded to Sell from Buy at Deutsche Bank), FFIV -2.4% (downgraded to Neutral from Overweight at Piper Jaffray), QCOM -1.9% (downgraded to Sell from Hold at Drexel Hamilton), XOOM -1.8% (downgraded to Neutral from Positive at Susquehanna), JPM -1.7% (downgraded to Perform at Oppenheimer ), STI -1.7% (downgraded to Perform at Oppenheimer ), AA -1.6% (target lowered to $16 at Morgan Stanley), FBP -1.2% (downgraded to Neutral from Buy at Guggenheim), KYTH -0.8% (downgraded to Market Perform from Outperform at Leerink)
Gapping up
In reaction to strong earnings/guidance: N/A.
M&A news: KZ +6.7% (receives 'going private' offer from group led by Chairman/CEO for $8.56/share), SYY +1.6% (terminated its merger agreement with US Foods; announces $3 billion share repurchase), POT +0.7% (will not make divestments for any possible M&A deal with K&S (KPLUF), according to Reuters), .
Other news: PETX +17.9% (nnounces positive results from its pivotal field effectiveness study of capromorelin for appetite stimulation in dogs), WYY +6.5% (enters strategic alliance with Samsung (SSNLF) SDS America that enables WidePoint Certificate-on-Device digital certificates for use on Samsung Galaxy S devices), SYN +5.2% (initiates a Phase 2 clinical trial of SYN-010 to treat irritable bowel syndrome with constipation), SRPT +1.3% (completes NDA Submission to FDA for Eteplirsen)
Analyst comments: MUX +7% (assumed with a Buy at H.C. Wainwright ), PTX +3.4% (initiated with a Buy at Brean Capital; tgt $17)
Read more: http://www.briefing.com/GeneralContent/Platinum/Active/FullTextSearch/FullTextSearch.aspx#ixzz3eSTxKoZU
Haha...very funny post, MG...>>>>
Wellllll...Wow..S&P futures vs fair value: -20.00. Nasdaq futures vs fair value: -48.50.
European equity markets are of their worst levels of the day, yet the stage is set for a negative start here. The S&P futures are 0.9% below fair value.
Presumably, the financial sector will be a weak link at the start of trading as market rates have come down in a safe-haven bid, taking away some of the enthusiasm that has been priced into the financials of late that has been based partly on yield curve steepening.
There hasn't been much in the way of notable corporate news today. Instead the Greek matter has dominated the headlines and has prompted a risk-off mindset that has manifested itself in the trading of equity futures (weaker), bonds (stronger), oil (weaker), and gold (stronger).
Interestingly, the U.S. Dollar Index is little changed as a stronger yen has helped offset the weakness in the euro.
Hey hamvestor...good to see you...
Rain stopped and the water receded for long enough to get the lawn mowed...
Hot here today, and I just got back from the grocery store...
The steaks were calling to me and it should be a perfect weekend for grilling outside...
Knocking on wood here as we speak,
since we all live in a techno-trap and Mother Nature can do what she likes regardless of our petty plans...LOL
Hope you folks are doing well up in the Northwest Territories...
:)
Today's biggest point gainers/losers
Biggest point gainers:
NKE (109.82 +4.60), RH (99.21 +3.51), ALRM (17.11 +3.11), DPZ (114.42 +2.70), DE (96.01 +2.61), ETE (65.40 +2.22), GTLS (37.40 +2.08), CALM (55.83 +2.04), MNST (138.80 +2.03), CHTR (169.83 +1.99), TMO (133.43 +1.90), MMM (157.80 +1.88), THC (58.09 +1.88), TWC (178.97 +1.80), ACE (103.82 +1.74), CYH (64.18 +1.73), HCA (92.39 +1.67), GD (145.79 +1.66), TROW (79.64 +1.58), BBBY (70.81 +1.58), SYK (97.68 +1.58), GS (214.35 +1.53), WGO (23.98 +1.41), UHS (142.16 +1.38), UNH (123.70 +1.37)
Biggest point losers:
NFLX (654.59 -9.65), SNX (74.35 -7.99), ZTS (49.84 -5.54), YY (68.89 -5.52), MU (19.54 -4.49), NTES (142.55 -4.47), VRX (229.01 -4.20), BITA (50.64 -3.87), CXO (113.86 -3.21), ILMN (215.90 -3.10), GOOGL (554.97 -2.98), FFIV (123.74 -2.81), CMCM (30.40 -2.66), AGN (306.56 -2.59), SINA (53.90 -2.58), QIHU (67.11 -2.51), QRVO (82.55 -2.43), CYBR (67.34 -2.41), FEYE (49.25 -2.36), ANET (83.00 -2.36), DATA (118.26 -2.30), Z (87.00 -2.29), JMEI (21.82 -2.23), ARMH (51.65 -2.21), ANTM (168.21 -2.13)
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
NKE (109.31 +3.89%): Stock hitting all-time highs after reporting Q4 (May) earnings of $0.98 per share, $0.15 better than the Capital IQ Consensus of $0.83; revenues rose 4.8% year/year to $7.78 bln vs the $7.69 bln consensus; PT raised at Jefferies, Piper Jaffray, FBR Capital, others.
DE (96.58 +3.4%): Continued strength amid notable options activity.
TROW (79.45 +1.78%): Upgraded to Positive from Neutral at Susquehanna; tgt raised to $95 from $86.
Large Cap Losers
ZTS (49.24 -11.09%): Pulling back from yesterday's late gains amid reports that Valeant's (VRX) approach was very preliminary and that they are likely not to follow through with an offer.
ARMH (50.88 -5.53%): Downgraded to Underperform from Mkt Perform at Bernstein.
QRVO (80.09 -5.75%): Semiconductors underperforming on Micron's (MU) disappointing quarterly report (INTC, AVGO, SWKS also lower).
Mid Cap Gainers
OPK (16.02 +3.93%): Disclosed a large insider buy from 10% owner Frost Gamma Investments Trust; also announced the decision of the National Comprehensive Cancer Network to include 4Kscore as a recommended test in the 2015 NCCN Guidelines for Prostate Cancer Early Detection.
CYH (64.41 +3.14%): Upgraded at Wells Fargo and Mizuho, PT raised at Leerink Partners.
CIG (3.84 +3.09%): Upgraded to Neutral at JP Morgan
Mid Cap Losers
YOKU (24.8 -9.47%): Chinese momentum names continue to cool off after the Shanghai Index dropped 7.4% (JMEI, CMCM, YY, WB, SFUN, SOHU, BITA also lower).
SNX (75.18 -8.7%): Beat Q2 (May) consensus EPS estimates by $0.02, missed on revs; guided Q3 below consensus; Downgraded at Needham, Credit Agricole, others.
CRC (6.7 -6.49%): Underperforming after short-seller Blue Mountain Capital releases a report on the name saying they believe shares are worthless.
Read more: http://www.briefing.com/Platinum/InDepth/InPlay.htm#ixzz3eCA2aKnR
Out of here for a few hours...Green Screens to you guys...BBL
Upgrades/Downgrades:
CPHD (+2.8%) upgraded to Buy from Hold at Crag Hallum
GSK (-0.8%) upgraded to Hold from Sell at Liberum
UNH (+1.4%) upgraded to Buy from Neutral at Sterne Agee CRT
LPNT (+2.3%) upgraded to Buy from Neutral at Mizuho
CYH (+1.9%) upgraded to Buy from Neutral at Mizuho
HCA (+2.0%) upgraded to Outperform from Market Perform at Wells Fargo
CYH (+1.9%) upgraded to Outperform from Market Perform at Wells Fargo
THC (+3.3%) upgraded to Outperform from Market Perform at Wells Fargo
CO (-1.1%) downgraded to Neutral from Buy at ROTH Capital
CYH (+1.9%) downgraded to Mkt Perform from Outperform at Raymond James
Decliners on news:
CLDN (-40.9%) confirmed plans to suspend further research or development of its Mydicar program.
STEM (-11.5%) reported top line results from its Phase I/II study investigating HuCNS-SC cells as a potential therapy for geographic atrophy.
ZTS (-9.9%) saw a late spike yesterday afternoon in trading, just before the close on reports of VRX interest.
Gainers on news:
ABIO (+15.5%) RA Capital Management discloses 9.0% passive stake in 13G filing; Venrock Healthcare Capital Partners earlier disclosed a 17.1% passive stake.
VCYT (+4.2%) announced it has signed an agreement to become part of Aetna's (AET) laboratory network, effective July 1, 2015.
CUR (+5.4%) reported preclinical data on its genetically modified HK532-IGF-1 stem cells.
BTU Peabody Energy seeing continued weakness - down more than 7% off the open and leading coal names lower (2.12 -0.18)
Coal related names in the red: BTU -7.8% (down ~20% on the week), YZC -5.2% (China based), NRP -1.9%, PVA -1.8% (M&A spec lifted name yesterday), KOL -1.7%, ACI -1.2%, PVG -0.7%, WLB -1%, CLD -0.7%, CNX -0.4%
Gapping down
In reaction to disappointing earnings/guidance: MU -14.9%, SNX -8.7%, MCZ -1.1%
M&A news: ZTS -1.2% (late spike higher yday on reports of VRX interest)
Other news: CLDN -43.2% (confirms plans to suspend further research or development of its Mydicar program), RGSE -19% (announced public offering of $5 mln of units consisting of Class A common stock and Series F common stock warrants), SSH -15.5% (disclosed separation of Kimberly A. Oleson, Senior Vice President of Clinical Affairs from the company), AMDA -15.3% ( discloses a written notice from MG Partners II claiming that an event of default has occurred with respect to certain Securities Purchase Agreement between the co and Magna ), ZNH -6.6% (Shanghai down 7% overnight), IPI -3.4% (following 10%+ move higher yesterday; also discloses the appointment of Brian D. Frantz as Senior Vice President and Chief Accounting Officer effective as of June 23, 2015), SNDK -3.2% (following MU results), SMI -2.7% (in symp with MU), ALDR -2.7% (prices offering of 4,494,382 shares of its common stock at a price to the public of $44.50 per share ), DANG -1.9% (Shanghai down 7% overnight), INTC -1.8% (following MU results), INTC -1.8% (in symp with MU), SOHO -1.5% (prices offering of 3,000,000 shares of its common stock for total expected gross proceeds of ~$21,330,000), CY -1.1% (in symp with MU), .
Analyst comments: ARMH -2.7% (downgraded to Underperform from Mkt Perform at Bernstein), CO -1.6% (downgraded to Neutral at ROTH Capital ), FEYE -1.1% (downgraded to Equal Weight from Overweight at Barclays)
Read more: http://www.briefing.com/GeneralContent/Platinum/Active/FullTextSearch/FullTextSearch.aspx#ixzz3eAxBIq5b
Gapping up
In reaction to strong earnings/guidance: FINL +6.7%, NKE +3.8%
M&A news: PVA +2.6% (rumors yday of BP for PVA), HUM +1% (cont M&A spec)
Other news: GIGM +16.3% (to acquire a 70% equity interest in Strawberry Cosmetics Holding for ~$93.1 mln), CUR +10.8% (reports preclinical data on its genetically modified HK532-IGF-1 stem cells ), ABIO +8.3% (RA Capital Management disclosed 9.0% passive stake in 13G filing; Venrock Healthcare Capital Partners disclosed a 17.1% passive stake), VISI +6.4% (announced that Ron Kochman has resigned, effective immediately, as President and CEO; Board appoints Michael Dean, Volt's current Chairman, as Interim President and CEO), VNCE +3.7% (announces Mark Brody has been appointed interim CFO, replaces Lisa Klinger who resigns effective immediately ), DHR +2.8% (announced amendment and extension by one day of split-off exchange offer in connection with NetScout transaction), FOLD +2.5% (announces Galafold Marketing Authorization Application validated by European Medicines Agency ), VRTX +2.5% (higher following positive mention on CNBC's Fast Money ahead of co's July 5 PDUFA date for Orkambi for the treatment of cystic fibrosis), AEHR +2% (announced $1.7 mln follow-on order for ABTS burn-in and test systems from leading IC manufacturer), SKY +1.9% (Board named Richard W. Florea as new President and CEO), SWHC +1.7% (Board authorizes $50 mln stock repurchase plan)
Analyst comments: HRTX +3.3% (initiated with an Outperform at Cowen; $40 ), KFRC +2.3% (upgraded to Buy from Neutral at Sun Trust Rbsn Humphrey ), TACO +2% (initiated with a Outperform at Wedbush), THC +1.9% (upgraded to Outperform from Market Perform at Wells Fargo), HCA +1.1% (upgraded to Outperform from Market Perform at Wells Fargo), CYH +0.9% (upgraded to Buy at Mizuho; tgt raised to $83.90), FTNT +0.6% (initiated with an Overweight at Barclays)
Read more: http://www.briefing.com/GeneralContent/Platinum/Active/FullTextSearch/FullTextSearch.aspx#ixzz3eAvC8wlf
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
HCA (90.56 +8.62%): Hospital names outperforming after the Supreme Court upheld subsidies tied to ObamaCare (UHS also higher).
LLY (85.92 +4.45%): Upgraded to Buy from Neutral at BofA/Merrill.
MBLY (55.54 +4.71%): Initiated with a Buy at Credit Agricole; tgt $67.
Large Cap Losers
CTL (30.41 -4.61%): Downgraded to Neutral from Overweight at JP Morgan; tgt lowered to $35 from $42.
GMCR (78.13 -3.76%): Price target lowered to $95 at BofA/Merrill.
NFLX (657.82 -3.06%): Downgraded to Neutral from Buy at Citigroup.
Mid Cap Gainers
IACI (81.26 +5.18%): Announced that it would pursue an IPO its Match Group, which includes Match.com, Tinder, and other brands.
HLF (55.07 +2.02%): Price target raised to $90 from $80 at Pivotal Research.
GWPH (130.17 +2.1%): Outperforming ahead of CEO appearance on tonight's Mad Money.
Mid Cap Losers
CREE (27.29 -10.72%): Announced a restructuring of its LED Business, announced a $500 mln stock buyback authorization and FY16 annual operating plan; Sees Q4, FY16 rev below consensus.
CHK (11.15 -3.46%): Downgraded to Sell from Neutral at UBS.
NCR (31.72 -3.93%): Reports out that an LBO is less likely than original thought.
Read more: http://www.briefing.com/Platinum/InDepth/InPlay.htm#ixzz3e6BVGpOW
Today's biggest point gainers/losers
Biggest point gainers:
GKOS (29.50 +11.50), UHS (140.65 +9.97), HCA (90.50 +7.13), LPNT (83.10 +5.62), THC (55.63 +5.55), CYH (60.54 +5.26), HUM (189.48 +5.25), GWPH (131.74 +4.25), LLY (86.41 +4.15), TMH (66.55 +4.01), IACI (80.77 +3.51), MNST (136.45 +3.50), LH (122.01 +3.38), CNC (81.69 +3.37), PVH (116.62 +2.93), GOOGL (561.43 +2.86), BIIB (413.48 +2.83), UNH (121.98 +2.81), AMBA (104.40 +2.81), AGN (311.40 +2.74), WOR (30.81 +2.59), SHAK (64.94 +2.46), ACN (100.14 +2.37), EW (145.06 +2.20), MBLY (55.13 +2.09)
Biggest point losers:
NFLX (660.87 -17.74), WRLD (66.28 -16.54), MEI (29.35 -13.72), APOG (54.70 -5.36), WAT (129.54 -4.68), INSY (35.09 -3.65), CREE (27.16 -3.40), IPGP (86.95 -2.76), CXO (118.62 -2.28), GMCR (78.92 -2.26), ALDR (47.63 -2.19), NHTC (42.00 -2.18), CAR (46.21 -2.03), JUNO (49.11 -1.96), RDUS (62.36 -1.93), WUBA (67.34 -1.78), NOAH (30.00 -1.77), BBBY (68.59 -1.75), BIDU (208.62 -1.70), WHR (181.03 -1.69), SLCA (28.61 -1.63), Z (89.90 -1.61), GBX (50.35 -1.60), ACE (103.72 -1.51), BMRN (135.04 -1.45)
(Sector List here) Obamacare subsidies upheld by U.S. Supreme Court.
UPDATE - Ruling in the decision was 6-3 and was the second favorable outcome for Obamacare in three years.
Justices Roberts and Kennedy were said to join in the majority vote today.
Obamacare subsidies help to stabilize state insurance industries, while also providing millions of Americans with federal tax cuts to make policies more affordable.
Traders are keeping an eye on: Community Health Systems (NYSE: CYH), HCA Holdings (NYSE: HCA), LifePoint Hospitals (Nasdaq: LPNT), Tenet Healthcare (NYSE: THC), Universal Health (NYSE: UHS), Aetna (NYSE: AET)Humana (NYSE: HUM), UnitedHealth Group (NYSE: UNH), CVS Health (NYSE: CVS), and Express Scripts (Nasdaq: ESRX), among others.
MCP Molycorp shares halted for news pending
Briefing.com note: MCP filed bankruptcy this morning, most likely this halt is for a pending delisting notice from NYSE
Spending Growth Hits 6-year Highs
Initial Claims Match Expectations
Early premarket gappers
Gapping up:
CBLI +33.9%, TTHI +8.5%, TTHI +8.5%, MLHR +7.6%, CMC +5.2%, NBG +3%, WGO +3%, STM +2.4%, ALV +2.1%, ARMH +2%, SAN +2%, SAP +1.9%, DB +1.8%, ASML +1.3%, LLY +1.2%, ING +1.2%, CCL +1.1%, CNHI +1.1%, RDS.A +1.1%, TOT +1%, BCS +1%, VOD +0.9%, MSFT +0.8%, DIS +0.7%, CRM +0.7%, NRF +0.6%, APOG +0.4%
Gapping down:
MCP -30.3%, CREE -5.4%, SBRA -3.7%, MEI -2.8%, ALDR -2.1%, WFM -2.1%, PANW -1.2%, NFLX -1.1%, BHP -0.9%, BBBY -0.9%, GOLD -0.7%, MIC -0.5%
I always enjoy your stopping by, Newly. And ditto on the volatility in the market.
Your Brandy looked so much like my Bingo (also from many years ago) that seeing her never fails to bring a smile to my face as well as a tear to my eye.
Take care...
ico
Today's biggest point gainers/losers
Biggest point gainers:
NFLX (693.17 +11.98), ANAC (79.70 +3.13), ALDR (50.49 +2.92), ESPR (83.28 +2.31), AAPL (129.15 +2.12), ILMN (222.79 +2.04), THS (80.02 +1.87), LEN (50.78 +1.78), MKC (82.04 +1.78), AAOI (19.57 +1.58), ETE (65.55 +1.48), SHOP (36.90 +1.47), ATHM (51.26 +1.47), DRI (70.82 +1.43), BOX (18.95 +1.40), MTH (47.45 +1.39), CMCM (34.40 +1.32), ITW (94.49 +1.17), SYY (38.72 +1.13), SCCO (31.27 +1.12), CCL (50.51 +1.03), FB (88.89 +1.01), NKTR (13.58 +1.01), EA (67.55 +0.97), FCX (21.06 +0.95)
Biggest point losers:
MON (106.71 -6.07), PRXL (68.00 -4.57), ALNY (127.02 -4.41), GOOGL (559.27 -4.12), GOOG (536.78 -3.70), AMZN (442.50 -3.49), PCRX (71.40 -3.29), DPLO (42.79 -3.17), QLYS (43.83 -3.07), GS (215.44 -2.96), ALXN (188.12 -2.80), ALV (120.29 -2.69), WUBA (69.80 -2.60), BIIB (413.90 -2.36), HUM (187.54 -2.32), FIT (35.58 -2.30), BIDU (209.75 -2.23), TSLA (265.49 -2.18), NOW (78.58 -2.17), IPGP (92.13 -2.10), KSU (93.56 -2.06), HP (70.98 -1.96), UNP (99.22 -1.93), APD (142.95 -1.92), ACHC (75.23 -1.85)
Icahn selling last of NFLX stake and saying positive on AAPL...
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
FCX (20.81 +3.46%): Outperforming after the company filed an S-1 prospectus for the planned IPO of its oil & gas business; also strong in sympathy after peer SCCO was initiated with a buy.
SCCO (31.22 +3.53%): Initiated with a Buy at HSBC.
MKC (81.48 +1.52%): Acquired Stubb's barbeque sauce maker, One World Foods, for $100 mln in cash; Also was upgraded to Outperform from Mkt Perform at Bernstein.
Large Cap Losers
DEG (22.68 -7.62%): Announce its intention to combine through a merger of equals with Ahold (AHONY); Downgraded to Accumulate at Bank Degroof.
MON (107.33 -4.83%): Beat Q3 consensus EPS estimates by $0.32, missed on revs; sees break even Q4 results below consensus (reaffirmed FY15 EPS guidance).
ALNY (125.65 -4.4%): Continued weakness after the company yesterday announced data from its ongoing Phase 1 clinical trial of ALN-AT3.
Mid Cap Gainers
BOX (18.65 +6.27%): Announced a partnership with IBM (IBM) to collaborate in cloud-based services.
LEN (50.93 +3.94%): Reported Q2 (May) earnings of $0.79 per share, $0.15 better than the Capital IQ Consensus Estimate of $0.64; revenues rose 31.6% year/year to $2.39 bln vs the $2.03 bln consensus; reaffirms FY15 gross margin guidance, raised FY15 delivery guidance.
DRI (71.32 +2.78%): Price target raised at RBC Capital Mkts, Deutsche Banks, and Barclays.
Mid Cap Losers
PRXL (67.58 -6.88%): Lowered Q4 rev guidance ahead of today's investor day, sees FY16 in-line, announced a restructuring plan.
EIGI (20.78 -4.06%): Reiterated cautious stance from Gotham City Research
CVC (23.81 -3.45%): MoffettNathanson reiterated their Sell rating on the name.
Hilarious...first time I ever played TIC TAC TOE on a stock chart...Thank you....LOL
And good going on your GDOT short...every time the price slips down, a few of the late buyers from yesterday are getting antsy and selling their position and dropping the price a bit more...
EIA Petroleum Inventory Data
The EIA reports that for the week ending June 19:
Crude oil inventories had a draw of 4.9 mln (consensus called for a draw of about 1.7 mln)
Gasoline inventories had a build of 680K
Distillate inventories had a build of 1.83 mln
GDOT...nice early call glassy...not in but watching
:)
Excellent...sounds like gift horses...congratulations
:)
Gapping down
In reaction to disappointing earnings/guidance: KOOL -13.1%, EXFO -7.3%, WSCI -0.9%, PRXL -0.8%
M&A news: DEG -4.5% (Delhaize Group and Ahold (AHONY) announce intention to combine through a merger of equals), SPLS -3.7% (NYPost discusses that a SPLS and Office Depot (ODP) merger might be less likely following judge's decision to block Sysco (SYY) / US Foods merger)
Other news: LOCM -61.1% (discloses filing of a voluntary petition in the United States Bankruptcy Court for the Central District of California for reorganization relief under Chapter 11 of title 11 of the United States Code), TTHI -50.5% (reports that its Phase 2/3 clinical study of ELND005 did not meet its primary endpoint), ADHD -16.1% (reports results from a Phase 2 clinical trial of MDX for Fragile X syndrome; study did not meet primary endpoint), NBG -7.1% (reports Greece's creditors rejected latest proposal), FEYE -3.2% (still checking; may be in symp with FTNT dg's (see below)), MOFG -2.3% (announced private placement for gross proceeds of ~$8.4 mln; agreed to sell an aggregate of 300,000 newly issued shares of common stock at a purchase price of $28.00 per share to existing shareholders), ARO -2.2% (to be replaced in the S&P SmallCap 600 by TopBuild), PQ -1.9% (to be replaced in the S&P 600 by Unit Corp), NYLD -1.7% (prices offering of 24,520,000 shares of its Class C common stock at a price of $22.00 per share), SYY -1.6% (confirmed that a Federal Court ruled to block co's merger with US Foods), PGN -1.6% (to be replaced in the S&P SmallCap 600 by Semtech), ASTI -1.5% (received non-compliance notice from Nasdaq), SNR -1.5% (prices offering of 17,500,000 shares of its common stock at a public offering price of $13.75 per share), AMBA -1.5% (pulling back following yday's strength), BLUE -1.3% (prices offering of 2,941,176 shares of common stock at $170.00 per share), CNHI -1.2% (prices $600 mln of 3.875% notes due 2018), ATI -1% (to be replaced in the S&P 500 by Columbia Pipeline Group; to replace Unit Corp in the S&P MidCap 400)
Analyst comments: FTNT -3.3% (downgraded to Neutral from Buy at Citigroup; downgraded to Neutral at Robert W. Baird), IPHI -2.5% (downgraded to Market Perform from Outperform), ESPR -1.8% (assumed/downgraded to Neutral from Outperform at Credit Suisse), GM -1.4% (downgraded to Neutral from Buy at Goldman), C -0.8% (downgraded to Hold from Buy at Deutsche Bank), ALV -0.7% (downgraded to Sell from Neutral at Goldman), GS -0.6% (downgraded to Hold from Buy at Deutsche Bank)
Read more: http://www.briefing.com/GeneralContent/Platinum/Active/FullTextSearch/FullTextSearch.aspx#ixzz3dzBH3eWc
Gapping up
In reaction to strong earnings/guidance: MEET +23.6%, LEN +4.1%
M&A news: MCGC +0.9% (received a revised acquisition proposal from HC2 Holdings (HCHC)), MR +0.8% (forms special committee to evaluate previously announced $30/share 'Going Private' proposal)
Other news: CPXX +13.4% (announces positive induction response results from Phase 3 Study of CPX-351 in patients with high-risk (secondary) acute Myeloid Leukemia), ARTX +13.2% (announces $8.7 mln in New Orders), NVGN +8.3% (cytotoxic chemotherapy drug, Anisina, has been fast-tracked by the Company to be ready to come into clinics), BOX +6% (Box and IBM (IBM) announce partnership to collaborate in cloud-based services ), NKTR +5% (to replace CASY in the S&P SmallCap 600), SMI +4.7% (SMI, Huawei, and QCOM form JV), CREG +4.5% (enters into a repurchase agreement for the waste heat power generation, with Sinosteel Group Jilin Ferroalloys), KITE +4.4% (CEO discusses co's immunotherapy treatment on CNBC), MELA +3.8% (modestly ticking higher after yesterday's weakness), TKAI +3.3% (initiates a Phase 3 clinical trial of Galeterone, in men with metastatic castration-resistant prostate cancer), NFLX +2.9% (announces seven-for-one stock split), ORAN +2.6% (announced the expansion and availability in Asia Pacific), WATT +2.3% (following yesterday's ~25% move higher), CNIT +1.8% (reports a strategic agreement with the Linyi municipal government, to implement its the 'CNIT Internet + Smart Linyi' project), CASY +1% (to replace AOL int he S&P MidCap 400), VNDA +0.8% (reports positive results from the long-term maintenance REPRIEVE), PSTI +0.8% (granted Australian patent for 3D Cell Expansion Technology & use of PLX cells in broad range of indications)
Analyst comments: CPRX +8.5% (initiated with a Buy at MLV & Co; $14 tgt; also - reports top-line results in a proof-of-concept trial of Vigabatrin), EA +2.1% (upgraded to Buy from Hold at Jefferies), VMW +1.8% (added to Conviction Buy List at Goldman), AMAT +1.7% (added to Conviction Buy List at Goldman), F +1.6% (upgraded to Buy from Neutral at Goldman), RDS.A +1.4% (upgraded to Buy from Hold at Deutsche Bank), CCL +1.1% (target raised to $60 at Stifel), BHP +0.8% (upgraded to Neutral from Underperform at Credit Suisse), AVGO +0.8% (initiated with a Buy at Argus; tgt $163), RCL +0.7% (upgraded to Buy from Neutral at Goldman), CORR +0.7% (upgraded to Outperform at RBC Capital Mkts), TERP +0.7% (added to Analyst Focus List at JP Morgan)
Read more: http://www.briefing.com/GeneralContent/Platinum/Active/FullTextSearch/FullTextSearch.aspx#ixzz3dzB6hTxG
Gotta get out of here...see you all later...G'nite.
GDOT...quite a candle today...thanks for the heads up, glassy...I missed seeing it...
but just fwiw, my gut says it has room to go more...closed at the top today...
If you are in it short, I hope I am wrong...
GL