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NFLX Netflix to conduct a seven-for-one stock split (681.19 +6.29)
The co announced that its Board of Directors has approved a seven-for-one stock split to be effected in the form of a stock dividend of six additional shares of common stock for each outstanding share of common stock. The stock dividend will be payable on July 14, 2015 to stockholders of record at the close of business on July 2, 2015.
DRI earnings announcement and REIT comments...explains the chart...well, sorta...
http://www.usatoday.com/story/money/2015/06/23/darden-restaurants-to-split-off-properties-into-reit/29148275/
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
T (36.14 +3.14%): Upgraded to Buy from Neutral at UBS; also upgraded to Overweight from Equal Weight at Barclays.
CTXS (72.54 +2.1%): Continued strength from yesterday's speculation the company may be an LBO target following Elliott Management's disclosed stake earlier this month.
PRGO (187.5 +1.42%): Initiated with an Outperform at BMO Capital; $246 tgt.
Large Cap Losers
NVDA (21.15 -2.87%): Continued weakness from yesterday's reports that U.S. International Trade Commission will recommend Samsung (SSNLF) and Qualcomm (QCOM) will be cleared in the patent infringement case against Nvidia.
PM (81.26 -1.06%): Utilities and rate sensitive names underperforming (PPL, AEP, DUK, NI, XEL also lower).
WDC (89.43 -2.37%): Downgraded to Neutral from Overweight at JP Morgan; tgt lowered to $92 from $105.
Mid Cap Gainers
MOMO (17.26 +10.01%): Announced receipt of a 'going private' offer from group including Co-Founder, Chairman and CEO for $18.90/share.
RDUS (65.72 +4.23%): Extending recent strength following a favorable mention on Monday's Mad Monday.
FIVE (41.28 +3.51%): Initiated with a Outperform at RBC Capital Mkts; tgt $48.
Mid Cap Losers
CHH (54.13 -4.09%): Downgraded to Sell from Neutral at UBS.
BBRY (8.85 -3.86%): Missed Q1 consensus EPS estimates by $0.01, missed on revs (-32% y/y); reaffirmed guidance; PT lowered to $8.50 at MKM Partners.
GRPN (5.3 -2.57%): Initiated with a Hold at Topeka Capital Markets.
Today's biggest point gainers/losers
Biggest point gainers:
AMBA (102.76 +8.40), TSLA (265.58 +5.79), GDOT (20.91 +5.60), NTES (149.14 +4.25), PRGO (188.93 +4.06), NFLX (678.40 +3.50), AGN (310.74 +3.49), HUM (193.10 +3.16), YY (75.83 +2.37), CEMP (38.66 +2.21), FB (86.92 +2.18), UNH (122.41 +2.16), CHL (67.59 +2.13), EW (146.36 +2.04), TTPH (47.85 +1.99), GPRO (56.80 +1.88), DRI (71.26 +1.88), VRTX (130.89 +1.86), Z (92.03 +1.85), ALV (123.33 +1.85), GS (218.32 +1.81), AMZN (438.07 +1.78), MOMO (17.44 +1.75), DEO (121.69 +1.74), DEG (24.58 +1.74)
Biggest point losers:
EGRX (85.03 -4.57), SONC (30.22 -4.00), ESPR (78.50 -3.61), BLUE (174.16 -3.59), WDC (89.31 -2.29), NNBR (23.55 -2.19), MDVN (116.31 -2.01), GLOP (23.08 -1.92), QRVO (85.93 -1.88), AVGO (141.55 -1.73), HRTX (32.28 -1.57), ANTM (169.50 -1.54), PANW (182.51 -1.53), CXO (123.96 -1.52), AMED (40.68 -1.52), EPZM (24.47 -1.51), BMRN (138.52 -1.48), BA (144.25 -1.45), GOOG (536.81 -1.39), NYLD (23.21 -1.37), YDLE (14.72 -1.32), VDSI (33.32 -1.31), PXD (140.58 -1.28), USLV (16.75 -1.25), OVAS (33.62 -1.22)
SUNE...Grats early...I am impressed...you've been doing a good job swinging this one for a while now...
Keep up the good work...
:)
May New Home Sales 546K vs 525K Briefing.com consensus; Prior revised to 534K from 517K
China ADRs strong off the open after late reversal in China's Shanghai Composite to end the day with a 2.2% gain, Hong Kong's Hang Seng jumped 0.9%
China related names trading notably higher: SEED +8.4%, CEA +6.5%, ZNH +5.9%, GRO +3.8%, WBAI +3.8%, SNP +3.8%, HNP +3.5%, CHL +3%, DQ +3%, XIN +2.9%, YZC +2.9%, VIPS +2.8%, CHA +2.7%, CHU +2.6%, SFUN +2.4%, YY +2.4%, WB +2.2%, LEJU +2.1%, LFC +2%, AMCF +1.6%, JRJC +1.5%, PTR +1.5%, CEO +1.5%, CNTF +1.5%, CSUN +1.4%, ACH +1.3%, CTRP +1.1%, MR +1.1%, TSL +1%, QUNR +1%
June Manufacturing PMI- Prelim 53.4, May 54.0
Gapping down
In reaction to disappointing earnings/guidance: SONC -5.8%
M&A news: CTP -91.3% (announce negotiations with DHR International regarding an acquisition of the co expired with no definitive agreement for the sale of the co having been reached), CORR -3.4% (to acquire the Grand Isle Gathering System for $245 mln from Energy XXI (EXXI); announced 11.25 mln share offering of common stock; increased quarterly dividend to $0.60 from $0.54 per share)
Select metals/mining stocks trading lower: HMY -4.3%, GFI -1.9%, SLV -1.2%, GOLD -1%, SLW -0.8%
Other news: VICL -48.6% (reported top-line results from the Phase 1/2 trial of its therapeutic genital herpes vaccine; neither monovalent nor bivalent vaccine met the primary endpoint), GLOP -8% (announced acquisition of three vessels from GasLog (GLOG) for $483 mln; announced a public offering of 7.5 mln common units), AXN -7.2% (filed for $50 mln mixed securities shelf offering), WSR -4.7% (to make a public offering of 3.75 mln of its common shares), TGEN -2.2% (filed for ~3.72 mln share common stock offering), XL -1.6% (reports of a 5 mln share block trade in the stock), GRBK -1.2% (announced proposed offering of 17 mln shares of common stock), VTG -1.2% (co announced it has retained Lazard to assist in review of financing and strategic opportunities)
Gapping up
In reaction to strong earnings/guidance: BBRY +8.3%, DRI +6.7%
M&A news: EXXI +3.6% (confirmed sale of its Grand Isle Gathering System to CorEnergy Infrastructure Trust (CORR) for $245 mln), SYT +0.5% (Chairman reaffirms stance regarding Monsanta (MON) takeover offer in video interview; states MON trying to buy the co on the cheap)
Select EU related names showing cont strength: ALV +2.4%, SHPG +1.9%, SNY +1.5%, UN +1.2%, ALU +1%
Other news: GDOT +30.6% (announced 5-year agreement with Walmart (WMT) and $150 mln stock buyback), PHMD +19% (announces the sale of its worldwide XTRAC and VTRAC psoriasis and vitiligo treatment businesses to MELA Sciences (MELA) for $42.5 mln in cash (MELA) shares halted) ), AMRN +15.6% (will present new in vitro eicosapentaenoic acid study data; found that EPA reduced cholesterol crystalline domain levels in cholesterol-enriched model membranes by 65%will present new in vitro eicosapentaenoic acid study data; found that EPA reduced cholesterol crystalline domain levels in cholesterol-enriched model membranes by 65%), BIND +7.5% (FDA authorizes clinical trial with AstraZeneca's (AZN) Aurora B kinase inhibitor), WAC +4.3% (Baker Street Capital disclosed 22.3% active stake in 13D filing), SGYP +4% (initiates a second Phase 3 clinical trial of Plecanatide), KEG +3.5% (named Robert Drummond President and COO)), NBG +3.1% (optimism of Greece deal in coming days), AMBA +3% (modest strength following yday's sell off), QURE +2.3% (Bristol-Myers Squibb discloses 4.9% passive stake in 13G filing; stake to rise to 9.9% upon future purchases required under agreement between the companies), MDR +2.2% (awarded a lump sum contract by LLOG Exploration Offshore, for services in the Gulf of Mexico), APPY +1.2% (to host an investor conference call to provide an update on regulatory and business matters, on Wednesday, June 24, 2015, at 4:30 p.m. ET), KRFT +1% (declares special cash dividend of $16.50 per share, conditioned upon closing of proposed merger with Heinz ), HZNP +1% (USPTO issues an additional notice of allowance with claims covering Ravicti oral liquid), RDUS +0.9% (favorable commentary on Monday's Mad Money), NSPH +0.8% (announced the presentation of new studies highlighting antibiotic resistance detection with its verigene blood culture tests), VIMC +0.8% (receives $22 mln contract for the provision of SVAC-compliant video surveillance cameras and system to Jincheng Municipal Government in Shanxi Province)
Analyst comments: CASI +6.6% (initiated with a Buy at H.C. Wainwright; tgt $2.50), LPCN +3.1% (initiated with a Buy at Canaccord Genuity; $15 tgt), DEO +2.3% (upgraded to Buy from Neutral at Nomura), T +1.6% (upgraded to Overweight from Equal Weight at Barclays; upgraded to Buy from Neutral at UBS), VOD +1.5% (upgraded to Buy from Neutral at Nomura), YELP +1.4% (initiated with a Buy at Topeka Capital Markets ), PRGO +1.2% (initiated with an Outperform at BMO Capital), CI +0.9% (target raised to $175 from $160 at Leerink Partners), JBLU +0.9% (upgraded to Equal-Weight from Underweight at Morgan Stanley), DAL +0.9% (assumed with a Overweight at Morgan Stanley), IHG +0.9% (upgraded to Outperform at Credit Suisse), SNN +0.6% (upgraded to Buy from Neutral at UBS), GG +0.6% (upgraded to Action List Buy at TD Securities; $29 tgt)
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
WMB (59.91 +23.92%): To explore a range of strategic alternatives after receiving and rejecting an unsolicited takeover proposal from Energy Transfer Equity (ETE) for $64/share.
ORAN (16.76 +7.71%): European telecom names outperforming after Altice (ATCEY) offered to buy Bouygues Telecom
CI (164.27 +5.8%): Confirmed receipt of a non-binding takeover proposal from Anthem (ANTM) [for $184/share or ~$53.8 bln], which it said is inadequate and not in the best interest of its shareholders.
Large Cap Losers
WPZ (49 -7.79%): Underperforming after Williams (WMB) rejected a takeover proposal which was contingent upon it terminating the previously announced acquisition of Williams Partners LP. Williams says it will continue to work towards the completion of the transaction with WPZ.
IP (49.25 -3.7%): Paper & packaging names under pressure following the containerboard pricing report which showed a decline in prices as a results of excess supply.
NEM (23.99 -2.68%): Miners lower with Gold futures down $17 to $1187/ozt (ABX also lower).
Mid Cap Gainers
PTLA (48.15 +7.74%): Reported full results, from the second part of its Phase 3 study of ANNEXA; the second part of the study achieved all primary and pre-specified secondary endpoints.
KITE (65.74 +5.45%): Announced a collaboration with Bluebird Bio (BLUE) to co-develop/commercialize second generation T cell receptor product candidates directed against HPV associated cancers.
DPLO (46.47 +4.69%): Continued strength from late Friday's acquisition announcement of a specialty pharma for ~$83 mln, which is expected to be accretive to 2015 EPS.
Mid Cap Losers
AMBA (96.18 -19.41%): Continued weakness from Friday's cautious commentary by Citron Research.
SYNA (91.97 -6.5%): Under pressure amid reports Apple (AAPL) is developing an in-house touch and display solution for its next iPhone; also was removed from Analyst Focus List at JP Morgan
FEYE (52.03 -3.02%): Downgraded to Neutral from Buy at UBS.
KS Paper/Packaging names -- KS, IP, RKT, PKG, UFS -- continue lower into afternoon trade, Deutsche Bank comments on price dips (25.50 -1.40)
Deutsche Bank notes the kraftliner and semichemical drop in pricing by $10 and $20, respectively. The firm also notes any impact on national box contracts is apt to be limited, but likely has some impact on regional box and cboard prices. Overall the impact is expected to be modest, though firm expects pressure on the group today. The news is incrementally negative for an industry where many investors are laser focused on pricing power, but it does appear that weakness is isolated to CA and is somewhat backward looking. However, most integrated producers are not significantly exposed to medium and the West Coast kraftliner reduction should add caution both to current producers and to any potential new supply.
Shares of KS -5.22%, IP -3.70%, PKG -3.22%, RKT -3.20%, UFS -3.19% all trade lower today
Today's biggest point gainers/losers
Biggest point gainers:
NFLX (673.46 +16.36), WMB (60.91 +12.57), CI (165.51 +10.25), BLUE (179.00 +8.86), BIIB (419.68 +8.63), ANTM (173.25 +8.19), EPZM (27.38 +6.63), GOOGL (564.00 +6.48), AET (129.80 +5.73), FIT (38.22 +5.72), GOOG (542.38 +5.69), IBB (382.70 +5.21), TRGP (93.52 +4.13), BUD (125.87 +3.86), ASML (112.46 +3.65), VRX (231.76 +3.54), TQQQ (118.29 +3.47), GS (216.65 +3.46), ALXN (187.07 +2.67), BIB (97.25 +2.66), SAP (75.30 +2.64), EMN (83.11 +2.63), SNY (51.63 +2.56), NVO (57.54 +2.56), SRNE (16.42 +2.33)
Biggest point losers:
AMBA (101.61 -17.74), SYNA (93.68 -4.68), NTES (144.74 -4.64), WPZ (48.68 -4.46), BITA (54.70 -2.56), SEDG (39.75 -2.45), TSLA (260.08 -2.43), WUBA (71.16 -2.40), GPRO (55.63 -2.34), YY (71.77 -2.30), RKT (62.42 -2.20), PKG (67.03 -2.17), ETE (66.30 -2.09), CYBR (71.26 -1.96), IP (49.35 -1.79), WYNN (101.61 -1.50), KS (25.42 -1.48), PANW (182.64 -1.44), CMCM (32.35 -1.40), MWV (48.64 -1.37), GBX (52.20 -1.29), PLCM (11.67 -1.19), FEYE (52.47 -1.18), MOMO (15.78 -1.05), CAMP (18.81 -1.01)
May Existing Home Sales 5.35 mln vs 5.26 mln Briefing.com consensus; Prior revised to 5.09 mln from 5.04 mln
AMBA 109.19...down another 8% today...click referenced post for chart and comments..
S&P futures vs fair value: +13.40. Nasdaq futures vs fair value: +32.60.
The stock market is on track for a sharply higher open as futures on the S&P 500 trade 13 points above fair value.
Index futures climbed overnight amid optimism that a deal between Greece and its creditors will be reached after Greek officials submitted a new proposal over the weekend. However, comments made by regional finance ministers suggest that the proposal remains unacceptable to the creditors.
The Eurogroup met briefly today with Chief Jeroen Dijsselbloem calling the Greek proposal a ‘positive step.' Mr. Dijsselbloem added that another Eurogroup meeting will be held later this week.
Germany's 10-yr bund slumped overnight, sending its yield higher by nine basis points at 0.85%. Similarly, selling in the U.S. 10-yr note has run its yield higher by five basis points to 2.31%.
On the corporate front, Humana (HUM 207.25, +4.94) has jumped 2.4% in pre-market after receiving an undisclosed offer from Aetna (AET 127.15, +3.08). In other sector news, Cigna (CI 167.12, +11.86) has spiked 7.6% after rejecting Anthem's (ANTM 169.00, +3.94) acquisition offer for $184/share.
Today's data will be limited to the 10:00 ET release of the Existing Home Sales report for May (Briefing.com consensus 5.26 million).
Read more: http://www.briefing.com/Platinum/InDepth/InPlay.htm#ixzz3dnRVfLOP
Hi DocLopez...re: BKS...I am going to join MWM and sit on the sidelines until after the report comes out.
It has had a brilliant run up during the last month and although it broke out above recent resistance, it is still facing some longer term resistance from a long time ago..
An article said the analysts had been raising the price targets, but I could not deocument it.
Hard to know if this run presages a further pop up, or does it make it more likely to be a short...and the answer is probably the latter, but the odds are too close to 50/50 for me to advocate a position.
Good luck with it, and thanks for the heads up...
Gapping down
In reaction to disappointing earnings/guidance: N/A.
M&A news: WPZ -7.9% Energy Transfer Equity (ETE) confirms proposal to merge with The Williams Companies (WMB); ETE believes is a more compelling transaction than the proposed merger between Williams and WPZ
Other news: HOTR -5.1% (announces a registered direct placement of $2.15 mln of common stock at $2.50/share), NDLS -4.3% (President and Chief Operating Officer Kinsey resigns), AMBA -3.9% (cont weakness from Friday), VNET -1.2% (announces resignation of CFO Mr. Shang-Wen Hsiao; Mr. Terry Wang will succeed Mr. Hsiao), EXXI -1% (reaches an agreement with the Bureau of Ocean Energy Management, regarding supplemental bonding requirements)
Analyst comments: ZIOP -8.6% (downgraded to Market Perform from Outperform at BMO Capital), MU -2.2% (downgraded to Sell from Neutral at Goldman ), FEYE -0.9% (downgraded to Neutral from Buy at UBS).
Read more: http://www.briefing.com/GeneralContent/Platinum/Active/FullTextSearch/FullTextSearch.aspx#ixzz3dnOOOFIk
Gapping up
In reaction to strong earnings/guidance: AKS +0.9%, (provides Q2 guidance)
M&A news: STRN +62.1% (to be acquired by an affiliate of Hach Company for $8.50/share, or ~$39 mln), WMB +28.6% (Energy Transfer Equity (ETE) confirms proposal to merge with The Williams Companies (WMB)), CNIT +17.6% (receives a preliminary non-binding 'going private' proposal for $4.43/share), CI +8.7% (Anthem (ANTM) offers to acquire Cigna for $184 per share; CI rejected bid), VIMC +4.2% (receives offer from Co-CEO's to acquire the co for $13.50 per ADS), AMD +2.7% (considering options including possible breakup or spinoff, according to Reuters; Extreme Tech report suggests AMD denied speculation that it is considering a breakup), HUM +2.3% (Aetna (AET) has offered to purchase HUM for an unknown amount, according to WSJ), AET +2.2%
Select EU related names showing strength with DAX ~+3% this morning: SAN +3.7%, ING +3.6%, DB +3.5%, NVO +3.5%, SNY +3%, SAP +2.6%, ASML +2.4%, VOD +2%, PHG +2%, UN +1.8%
Select oil/gas related names showing strength: TOT +2.6%, NGLS +2.6%, ETP +1.6%, RIG +1.1%
Other news: TBIO +15.8% (to launch up to six new genetic cancer tests this year, based on its Multiplexed ICE COLD-PCR technology ), EPZM +15.7% (reports positive data from ongoing Phase 1 study of Tazemetostat), NBG +8.2% (optimism coming out of Greece to finalize deal today), NVIV +7.8% (announces it has received a notice of allowance from the USPTO stating that a patent application has cleared internal review and is pending issuance), ANTH +7.4% (added to Russell 3K), KTOS +5.4% (favorable commentary on Friday's Mad Money), KMDA +5.4% (enters into a collaboration with Baxalta International (BXLT) for a phase 1/2 clinical trial of Kamada's alpha-1 antitrypsin), GDP +4.4% (says that it has commenced completion operations on two of its six drilled but uncompleted wells in the Tuscaloosa Marine Shale; Reaffirms Q2 CapEx), KITE +4.3% (Kite Pharma and Bluebird Bio (BLUE) to collaborate to co-develop/commercialize second generation T cell receptor product candidates directed against HPV associated cancers), TEDU +3.9% (announces stock purchase agreement with KKR and Founder Shaoyun Han, for $90.5 mln in common shares), HNSN +2.8% (files to sell ~177.83 mln shares on behalf of selling shareholders), POZN +2% (announces executive changes, Mark A. Glickman named Chief Commercial Officer), ALU +1.9% (announced that the brand will be the Official Smartphone Partner of Toronto FC), MNKD +1.5% (still checking), RCL +1.4% (discloses entry into an agreement to amend and restate its current $1.1 bln unsecured revolving credit facility)
Analyst comments: ONCS +5.5% (assumed with a Buy at H.C. Wainwright; $25 tgt), RXDX +5.2% (initiated with a Overweight at Piper Jaffray), BLRX +4.3% (initiated with a Mkt Outperform at JMP Securities), SFUN +3.8% (initiated with an Overweight at Barclays), STM +3.8% (upgraded to Equal Weight from Underweight at Barclays), CCL +3.2% (upgraded to Buy from Hold at Deutsche Bank), CNHI +3% (upgraded to Neutral from Underweight at JP Morgan), NVMI +1.9% (upgraded to Buy from Hold at Canaccord Genuity), FB +1.7% (target raised to $120 from $92 at Piper Jaffray), EXPE +1.6% (upgraded to Buy at Deutsche Bank), NVS +1.4% (upgraded to Buy at Bryan Garnier), NFLX +1.2% (target raised to $950 from $600 at BTIG Research), AGCO +1.1% (upgraded to Neutral from Underweight at JP Morgan), EMN +1.1% (upgraded to Buy from Neutral at Nomura), PPL +1% (upgraded to Buy from Hold at Jefferies), CAG +1% (upgraded to Overweight from Neutral at JP Morgan), HSBC +0.8% (upgraded to Buy at Investec
Read more: http://www.briefing.com/GeneralContent/Platinum/Active/FullTextSearch/FullTextSearch.aspx#ixzz3dnOEvbic
Wishing you all a Happy Father's Day and a great weekend !
WEEKLY top 20% gainers and losers...
This week's top 20 % gainers
Healthcare: SGYP (9.03 +80.67%), AERI (20.02 +53.65%), ADMS (26.87 +38.15%), KYTH (74.89 +37.01%), BCRX (15.74 +25.02%), RDUS (59.63 +24.54%), INSY (40.21 +16.11%), FGEN (21.61 +14.82%), GEN (6.72 +14.68%)
Materials: PLM (1.32 +18.92%)
Consumer Discretionary: SQBG (16.94 +25.07%), TRIP (90.7 +19.19%), LTRPA (32.95 +18.53%)
Information Technology: TRAK (62.76 +57.49%), SEDG (42.46 +14.45%), BLKB (59.55 +13.93%)
Financials: NYRT (10.42 +14.2%)
Consumer Staples: COTY (31.67 +20.56%), FRPT (20.32 +14.09%), CAG (43.37 +13.8%)
This week's top 20 % losers
Healthcare: AAVL (15.53 -62.49%), HWAY (12.5 -19.51%), SAGE (70.26 -17.81%), ADXS (20.17 -15.18%), ONVO (4.69 -14.73%), JUNO (51.43 -14.28%)
Industrials: EGLE (7.26 -19.15%)
Consumer Discretionary: AMCN (4.98 -31.4%), DTEA (22 -18.46%), CACQ (7.16 -14.05%)
Information Technology: CNSI (20.41 -15.06%), LEJU (8.62 -14.48%), CCIH (13.01 -13.84%), APIC (11.23 -13.62%), FNSR (19.72 -13.49%)
Energy: ERN (4.76 -27.22%), NADL (1.15 -20.14%), NR (7.44 -18.15%), PACD (3.26 -14.57%), RNET (31 -13.98%)
Today's biggest point gainers/losers
Biggest point gainers:
BIIB (412.09 +10.54), FIT (33.58 +3.90), CAG (42.56 +3.44), THS (75.31 +3.30), Z (90.24 +3.26), PF (46.02 +2.92), NHTC (40.80 +2.65), FISV (85.13 +2.44), ACHC (76.10 +2.22), RCPT (189.29 +2.17), SHAK (71.25 +2.15), AGCO (53.62 +1.92), WHR (189.10 +1.85), AMGN (161.95 +1.83), REGN (529.66 +1.69), AAL (41.47 +1.49), QRVO (86.13 +1.48), POST (51.06 +1.45), JBHT (87.77 +1.45), TWTR (36.09 +1.43), LEN (48.73 +1.42), PVH (114.59 +1.40), ADXS (20.83 +1.40), CYBR (73.90 +1.37), MNST (135.22 +1.36)
Biggest point losers:
MAC (77.69 -4.76), YY (75.27 -4.17), BITA (59.30 -3.64), NNBR (26.38 -3.48), AMBA (123.24 -3.46), SAGE (73.19 -3.34), SYNA (98.26 -3.22), HWAY (12.50 -3.03), GOOGL (553.29 -2.89), SHOP (32.95 -2.60), VRX (231.40 -2.55), HSY (89.80 -2.46), GOOG (534.30 -2.43), ATHM (47.78 -2.20), KMX (69.81 -2.15), ZOES (39.95 -2.10), FNSR (20.12 -2.03), JMEI (22.76 -1.94), WSTC (30.18 -1.87), AMZN (437.67 -1.72), JD (34.03 -1.54), BMRN (137.18 -1.48), SINA (57.73 -1.48), CTRP (73.60 -1.41), WYNN (103.86 -1.41)
Thanks stuffit...Yep, Bill is coming atcha, indeed...
Hope it is a milder, tamer version by now...
Take good care, lady...
NOAA weather radar loop for those who want it...
http://radar.weather.gov/ridge/Conus/Loop/NatLoop.gif
NNBR...Really good trading, jj...
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
CAG (42.89 +9.62%): Jana Partners disclosed a 7.2% active stake in 13D filing, says prepared to make nominees to the Board; PT raised at Bernstein and Deutsche Bank.
FISV (85.27 +3.12%): Upgraded to Outperform at Oppenheimer.
ENB (46.89 +3.15%): Announced it was transferring its Canadian Liquids Pipelines Business and Renewable Energy Assets to Enbridge Income Fund; expects the transaction to be accretive by ~2% to EPS.
Large Cap Losers
MAC (77.34 -6.2%): Underperforming on the pricing of a block trade, which is speculated as being sold by Simon Property Group (SPG) of its entire stake in the name.
HSY (89.05 -3.48%): Revised its FY15 guidance to reflect impact from dilution from acquisitions and divestitures; said its chocolate growth in China was below expectations in April and May
CTRP (72.81 -2.93%): Priced its upsized $1.1 bln offering of convertible senior notes.
Mid Cap Gainers
PF (46.34 +7.51%): Outperforming in sympathy after activist investor disclosed a stake in peer Conagra (CAG), as mentioned above.
ACHC (76.35 +3.34%): Initiated with a Buy at Mizuho; tgt $84.
LEN (49.05 +3.68%): Outperforming on the heels of a strong earnings report from peer KB Home (KBH).
Mid Cap Losers
FNSR (19.82 -10.52%): Reported Q4 (Apr) EPS in-line, revs in-line; guided Q1 EPS in-line, revs in-line; Downgraded at Raymond James.
JMEI (22.38 -9.39%): After Shanghai's exchanged declined 6.4%, strong weakness can be seen Chinese ADSs who have outperformed in recent weeks on the heels of expectations of additional 'going private' deals (YY, BITA, SFUN, ATHM, WUBA also lower).
AMBA (118.67 -6.34%): Under pressure following cautious commentary from Citron Research.
BOOKMARK ALERT, Fear and Greed Indicator...
Thanks go to George the Greek,
I like this because it includes seven indicators, instead of the more usual three (McClellan, P/C ratio and the VIX).
Very interesting...
http://money.cnn.com/data/fear-and-greed/
China ETFs drilled...China sinks into 'correction....
Gapping down
In reaction to disappointing earnings/guidance: HWAY -21.1%, KMX -4.5%, SWHC -2.2%, HSY -2.1%, FNSR -1.9%, FNSR -1.9%, RHT -1.6%, .
Other news: PVCT -20.2% (announced proposed public offering of common stock and warrants, size not disclosed), TKMR -13.5% (Provides Update on TKM-Ebola-Guinea), MAC -6.7% (Pennsylvania R.E.I.T. and Macerich (MAC) announce Philadelphia City Council has approved the six ordinances and one resolution that allow for the redevelopment of The Gallery in Philadelphia including $55.0 mln in Tax Increment Financing), WSTC -4.8% (announced an underwritten public offering of 7 mln shares of common stock by certain of its existing stockholders; West to repurchase 1 mln shares in a private transaction), DBVT -4.6% (news circulates on competitor's drug advancement), MRGE -4.1% (announces holders of its Series A Convertible Preferred Stock, have waived their right to redeem their shares prior to August 25, 2015), ZGNX -3.1% (shareholders approved 1-8 reverse stock split; split will take effect on July 1, 2015), RESI -2.1% (announced Ashish Pandey will step down as CEO, effective June 30, 2015; Board has appointed George G. Ellison to serve as CEO), DB -1.7% (still checking), SSNC -1.6% (attributed to offering), WEN -1.6% (still checking), FCX -1.3% (copper down between 1-2% in pre-mkt), TERP -0.5% (prices offering of 15,750,000 shares of common stock at $38.00 per share)
Analyst comments: ZOES -4.9% (announces resignation of CFO Jason Morgan, effective June 18, 2015; also downgraded to Neutral from Overweight at Piper Jaffray), BMRN -0.9% (downgraded to Neutral at Robert W. Baird; tgt to $133 from $125)
Read more: http://www.briefing.com/GeneralContent/Platinum/Active/FullTextSearch/FullTextSearch.aspx#ixzz3dW8qIjLP
Gapping up
In reaction to strong earnings/guidance: LIFE +0.7%, CO +0.5%
M&A news: AMCN +45.7% (receives going private offer from group including Chairman and CEO for $6.00/share), ISSI +3.1% (Uphill raises ISSI bid to $22.00 per share, following yesterday's $21.25 Cypress raised offer), SYT +1.1% (cont M&A spec)
Select Airline related names showing strength: JBLU +1.3%, LUV +0.8%, UAL +0.7%
Other news: CAG +5.2% (Jana Partners discloses 7.2% active stake in 13D filing; prepared to make nominees to the Board), MNTA +4.4% (glatiramer acetate injection), a generic equivalent of daily COPAXONE), PRAN +3.7% (receives a $6.8 mln cash refund under the Australian Government's R&D Tax Incentive Scheme), SLI +2.9% (SLI Inc confirms it has received a non-binding proposal from Handy & Harman (HNH) to acquire all outstanding shares for a per share price of $43.00 to $45.00), BIOS +2.7% (announced June 25, 2015 record date for previously announced rights offering), NTIP +2.3% (authorized an increase to its previously announced share repurchase program), PSEC +0.9% (CEO disclosed purchase of 140K shares at $7.46 worth ~$1.04 mln)
Analyst comments: AERI +7.3% (upgraded to Buy from Hold at Canaccord Genuity), TGTX +3.6% (target raised to $28 at Brean Capital), CPXX +2.1% (initiated with a Buy at MLV & Co; $6 tgt), VG +1.9% (initiated with a Outperform at Oppenheimer), MU +1.3% (upgraded to Buy at Topeka Capital Markets), NFLX +1% (target raised to $800 from $610 at Oppenheimer)
Read more: http://www.briefing.com/GeneralContent/Platinum/Active/FullTextSearch/FullTextSearch.aspx#ixzz3dW8Ze9ZO
Please stop by as often as you can, GG,
and hang in there the best you can...
ico
Hi guys. Rising waters shorted/blew my transformer last night. No power at all.
My neighbors and I went back to “The Time Before the Internet”.
And then the magic men came in and replaced the transformer today.
Truly amazing, and I am so thankful that Bill brought only an inconvenience into my life.
See you guys tomorrow… Lord willin’ and the creek don’t rise…(again).
:)
Notable movers of interestas of about 1 PM today...
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
NI (48.31 +3.5%): Outperforming amid strength in utilities as well as meaningful options activity.
MBLY (53.41 +3.44%): Positive mention from Baron Capital's Ron Baron.
TMUS (39.98 +2.91%): Reports out that Comcast (CMCSA) may be considering a bid for T-Mobile.
Large Cap Losers
FDX (175.66 -3.55%): Missed Q4 (May) consensus EPS estimates by $0.03, missed on revs; guided FY16 EPS in-line, sees Q1 growth below analyst expectations.
CF (312.92 -2.46%): Downgraded to Sell from Outperform at Credit Agricole.
ADBE (78.76 -1.48%): Beat Q2 (May) consensus EPS estimates by $0.03, reported revs in-line; guided Q3 EPS below consensus, revs below consensus; guided FY15 EPS below consensus, revs below consensus.
Mid Cap Gainers
QIHU (70.98 +7.46%): Announced receipt of a non-binding proposal to be acquired for $77/share by a group including its Chairman and CEO
HRC (55.87 +6.66%): Said it would acquire Welch Allyn for ~$2.05 bln in cash and stock, expects deal to be immediately accretive.
MIDD (113.39 +5.48%): Confirmed it is in preliminary discussions regarding a possible cash offer for AGA Rangemaster Group plc.
Mid Cap Losers
JUNO (52.98 -9.31%): Under pressure as the lock-up period from its December IPO expires.
EGN (67.96 -7.76%): Announced an offering of 5.7 mln shares of common stock, which priced giving Energen expected gross proceeds of ~$405 mln.
OC (39.62 -2.99%): Price target and estimates lowered at Citigroup.
Equities see positive reaction to Fed; no change in wording around potential rate hikes, leaves rates unchanged as expected, but sees improvement in economy
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 earlier declines in energy and import prices dissipate.
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.
S&P 500 is now +3 points, Dow +27, Nasdaq +9.
Treasuries seeing modest positive response, cutting into today's rise in yields. 10-year yield dropped around 4 bps and remains higher by around 4 bps at 2.361%.
Dollar has seen a negative response.
Today's biggest point gainers/losers
Biggest point gainers:
KYTH (74.20 +13.48), TSLA (260.86 +7.74), BIDU (210.67 +5.67), RCPT (188.22 +5.39), QIHU (71.26 +5.21), PRTA (51.70 +5.05), HRC (56.34 +3.96), PANW (180.49 +3.79), FDS (165.48 +3.74), YY (78.41 +3.63), NVLS (17.49 +3.49), HUM (202.97 +3.37), BLUE (173.92 +3.28), CYBR (74.38 +3.20), NHTC (42.30 +3.14), BITA (63.16 +2.98), XON (48.25 +2.81), SINA (60.43 +2.59), NTES (152.39 +2.53), IBB (366.89 +2.51), NI (48.95 +2.28), VRX (230.93 +2.23), SOHU (69.00 +2.22), SHOP (40.15 +2.04), MBLY (53.62 +1.99)
Biggest point losers:
CF (313.64 -7.18), NFLX (661.33 -5.58), DTEA (23.85 -5.31), FDX (176.86 -5.27), JUNO (54.11 -4.31), EGN (70.66 -3.02), OVAS (36.42 -2.32), PXD (147.09 -2.21), LNKD (215.70 -1.59), GBX (52.03 -1.44), AZUR (13.80 -1.39), GGAL (18.87 -1.30), LZB (25.93 -1.23), YPF (26.19 -1.13), OC (39.74 -1.10), ANTM (165.76 -1.09), BWC (32.99 -0.98), ALKS (63.67 -0.85), RMTI (13.75 -0.82), NVO (54.97 -0.80), MTDR (27.33 -0.78), ALGN (63.51 -0.78), ATU (23.08 -0.76), DYN (33.26 -0.74), ADBE (79.21 -0.73)
FOMC announcement today with outlook and press conference...all the fun starts at 2 PM...Be there...
Hah! Obviously I not responsible enough to monitor anything lately...lol