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GBX...covered for 50 cents, quickie profits...now to get back in??
Just watching for the moment, this has a spread and slippage...
WLT...really a shame, but not unexpected with all the debt load they were carrying...bankruptcy sometime this month is what I heard...
Today's biggest point gainers/losers
Biggest point gainers:
NFLX (666.30 +12.28), AERI (20.62 +7.35), CDK (57.66 +6.29), MNST (132.19 +5.28), COTY (31.12 +5.07), PRGO (188.07 +4.77), ALKS (63.21 +4.62), AET (125.22 +4.21), BTI (110.29 +3.84), ADMS (25.28 +3.20), REGN (501.92 +2.86), NHTC (39.32 +2.85), ALXN (175.97 +2.75), AMZN (426.32 +2.65), UNH (121.53 +2.55), SHOP (37.94 +2.44), BCC (37.11 +2.29), ANTM (166.60 +2.14), HAIN (63.65 +2.03), NBIX (44.46 +1.90), TSLA (252.25 +1.87), OVAS (39.12 +1.87), QRVO (84.03 +1.85), GS (213.42 +1.66), EW (135.16 +1.56)
Biggest point losers:
AAVL (18.78 -20.10), BLUE (173.45 -5.85), MNK (117.11 -4.82), GBX (55.57 -4.00), YY (73.60 -3.86), OSK (46.55 -3.75), URI (88.17 -2.97), MEI (44.82 -2.89), CAPL (30.29 -2.70), VRX (228.35 -2.21), AGN (299.25 -2.10), SINA (57.44 -2.06), QIHU (64.05 -1.95), BLCM (23.08 -1.91), HUM (204.82 -1.76), CTRP (74.38 -1.75), SUPN (16.67 -1.70), MYL (72.05 -1.54), CMCM (32.03 -1.46), CI (152.08 -1.35), TAHO (13.68 -1.32), CBM (44.09 -1.29), ADXS (23.32 -1.20), GMCR (83.61 -1.20), HOLI (25.65 -1.19)
Shoot...I even had a line drawn on ANTH to buy on a break above 9.00, if it came after lunch, and was not sitting here when it happened...I do have a bunch of stuff going on today...oh well..
BTW...I would think that LastPass and other password apps would be very likely to be a hacker target...lucrative pickings?
Nice catch, glassy...Looks like TWTR is nearly begging for a buyer...this was out at about the time it reversed to the upside...but as far as I can tell it is still a rumor...
LOL...Everything will still be here when you get back, Mikey...don't worry...
I must admit that Summer is my favorite time of the year and there is much to do that has nothing to do with trading...
Enjoy the season and the time spent with your son...his first birthday is in August? I think?
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
MNST (132 +4.01%): Added to U.S. Focus List at Citigroup; firm has a Buy rating on the name.
PRGO (190.43 +3.89%): Mylan (MYL) shareholder Abbot Labs (ABT) affirmed its continued support for Mylan's strategy, including its proposed acquisition of Perrigo.
BTI (109.73 +3.08%): Upgraded to Buy at Credit Agricole.
Large Cap Losers
TWTR (33.98 -2%): Downgraded to Neutral at MKM Partners; tgt to $39 from $57.
UAL (50.89 -2.6%): Sector weakness in Airlines; United also announced it will cease operations at Kennedy International Airport on Oct. 25
PCAR (63.55 -1.17%): Trucking names underperforming following disappointing guidance from Oshkosh (OSK).
Mid Cap Gainers
COTY (30.81 +18.27%): Reports out the company has won an auction to acquire Procter & Gamble's (PG) beauty lines.
NCR (34.87 +11.14%): Reports out that Blackstone (BX) and Carlyle Group (CG) may make a joint bid for NCR for more than $10 bln.
ALKS (64.05 +9.32%): Outperforming following takeover chatter.
Mid Cap Losers
TAHO (13.69 -8.67%): GOLDCORP (GG) announced a secondary offering of 58,051,692 common shares of Tahoe at a price of C$17.20 per Common Share
OSK (46.12 -8.31%): Issued downside guidance for Q3, lowered its FY15 guidance below consensus.
WB (18.66 -4.6%): Chinese momentum names selling off after the Shanghai index declined 3.44% (CMCM, YY, SFUN, NOAH, QUNR, SINA also lower).
BOOKMARK ALERTS...our thanks go to sludgehound for these news and research sites, both worth keeping an eye on......
Click back to referenced posts for some of his comments...
http://www.wallstreetscope.com/
http://www.wsobserver.com/
Thanks for the info...also for the wallstreetscope.com link, sludge...
looks interesting and will check it out more later...
Morning Commodities:Energy Futures Move On Tropical Storm
The dollar has traded positive all morning, despite seeing a modest decline from session highs on the release of US home construction data
The index's positive momentum has put pressure on most commodities, with the dollar now +0.3% to 95.12
Energy is trading on headlines regarding a developing tropical storm in the Gulf of Mexico. The tropical storm expected by the US National Hurricane Center to affect the Texas coastline, has dominated WTI and nat gas market sentiment
Crude is trading up on news of the storm, as near term supply-concerns have overtaken longer-term OPEC production statistics. The July contract is currently +0.5% to $59.83/barrel
Nat gas is seeing a pullback from yesterday's large rally, extending session losses in most recent trade.
Headlines from the tropical storm are not currently slowing the commodity's sell-off, as nat gas is near session lows of -1.8% to $2.84/MMBtu
Copper is continuing prior-session sell-offs, as a stronger dollar and lack of positive global growth catalysts are pressing the metal down 1.1% to $2.62/lb so far this morning.
Precious metals are negative on the day, with August gold -0.7% to $1177.00/oz and July silver -1.3% to $15.88/oz
Coal finding favor?? Yes, KOL... KOL Hearing JP Morgan out positive on coal stocks (11.97 -0.04)
BTU, ANR, ACI, CNX
FREE...hearing some rumors that OTC Tip Reporter is involved in pushing it...other than that? I see no news, either...
What a move!
Not in...heh
OSK Oshkosh down 8% on guidance and weighing on trucking names (46.59 -3.71)
NAV -1.1%, CMI -0.2%, PCAR -0.1%, YRCW -1.9%, CVTI -0.8%, WERN -0.4%, CNW -0.2%, SWFT -0.2%, LSTR -0.2%, RRTS -0.1%, UACL -0.1%
Gapping down
In reaction to disappointing earnings/guidance: CPST -21.5%, PFIE -10.8%, OSK -6.2%, (guidance) CTG -3.8%, (guidance) LAKE -1.5%
Select EU financial related names showing weakness: SAN -2.5%, DB -1.7%, ING -1.3%, HSBC -0.9%
Select EU stocks trading lower: TS -2.5%, PHG -1.2%, NVO -1%, ARMH -1.0%, SAP -1%, ASML -0.8%, RCL -0.7%, UN -0.7%
Select oil/gas related names showing early weakness: TOT -2.1%, RIG -1.5%, BP -1.4%, RDS.A -1.3%
Other news: TAHO -9.4% (announced a secondary offering by Goldcorp (GG) of 58,051,692 common shares of Tahoe at a price of C$17.20 per Common Share), CAPL -7.4% (announced an offering of 4.6 mln shares of common units), NBG -6.1% (cont uncertaintly in Greece), KEYW -4% (announced that Founder and former Chairman and CEO Leonard Moodispaw has passed away), EURN -2% (acquires 4 VLCCs for $384 mln)
Analyst comments: MEI -1.4% (downgraded to Neutral at Robert W. Baird), TWTR -1.2% (attributed to analyst downgrade), AIG -0.8% (downgraded to Hold from Buy at Deutsche Bank)
Read more: http://www.briefing.com/GeneralContent/Platinum/Active/FullTextSearch/FullTextSearch.aspx#ixzz3dEUGpvqS
Gapping up
In reaction to strong earnings/guidance: FDS +1.5%
M&A news: COTY +18% (seeing reports that co has acquired beauty product lines from Proctor & Gamble), SLF +5.3% (to acquire Bentall Kennedy Group fir $560 mln; to be immediately accretive to earnings and return to equity), SUNE +1.9% (acquires Central American renewable energy firm, Globeleq Mesoamerica Energy)
Other news: FREE +59.9% (still checking), AERI +52% (reports the FDA has agreed that Aerie may change the primary endpoint range of its second Phase 3 registration trial of Rhopressa ), ACUR +49.4% (enters into a License and Development Agreement with Bayer Healthcare (BAYRY), for licensing of Acura's IMPEDE technology), OPTT +34.7% (PB40 PowerBuoy receives final permit approvals for deployment ), ETAK +14.6% (Elephant Talk and Iusacell sign settlement worth ~$13.5 million for mobile network enablement agreement), AYA +6% (PointState Capital disclosed 8.76% passive stake in 13G filing), AEHR +3.2% (announced order for ABTS burn-in and test system from mobile chipset manufacturer in China), TNXP +2.6% (initiates a Phase 2 clinical study of TNX-201 to treat Episodic tension-type headache), RDHL +1.9% (announces acceptance of Phase III Trial Application in Europe with RHB-104 for Crohn's Disease), PBY +1.8% (Glenhill Advisors disclosed 6.2% passive stake in 13G filing), HRTX +1.7% (announces it has initiated a Phase 2 clinical trial of HTX-011), ZINC +1.6% (announced closing of sale of land in Monaca, PA to Shell Chemical Appalachia; financial terms not disclosed), NVS +1.5% (Alcon receives EU approval for AcrySof IQ PanOptix trifocal intraocular lens)
Analyst comments: BTI +2.8% (resumed with a Outperform at Credit Suisse), RAIL +2.4% (upgraded to Buy at Stifel), FTR +1.4% (upgraded to Outperform from Mkt Perform at Bernstein), MNST +1.2% (added to U.S. Focus List at Citigroup), RAI +1% (resumed with a Conviction Buy at Goldman), EGRX +1% (target raised to $95 from $65 at Cantor Fitzgerald), GG +0.8% (initiated with an Outperform at BMO)
Read more: http://www.briefing.com/GeneralContent/Platinum/Active/FullTextSearch/FullTextSearch.aspx#ixzz3dEU0h5ma
LOL...you are way too easy...
but that most likely why I like you...
thanks for seeing things my way...
Today's biggest point gainers/losers
Biggest point gainers:
ESPR (77.53 +3.29), RDHL (19.69 +3.23), SHOP (36.85 +3.22), PCP (210.81 +2.91), RYL (45.20 +2.41), CYBR (68.83 +2.38), FSLR (52.65 +2.17), HUM (214.63 +2.16), PXD (149.30 +1.71), ANTM (162.32 +1.61), ALXN (170.57 +1.53), PRGO (186.10 +1.53), ARDX (16.15 +1.51), AMBA (119.67 +1.51), ENDP (82.04 +1.50), AVGO (141.92 +1.45), FRSH (20.95 +1.27), AXON (23.56 +1.25), TGT (80.71 +1.24), ISLE (20.90 +1.18), SRPT (28.81 +1.12), CNC (76.50 +1.11), GMCR (84.92 +1.09), CVS (103.25 +1.03), SM (47.19 +0.99)
Biggest point losers:
NFLX (645.51 -15.42), AGIO (101.30 -8.83), SAGE (78.31 -7.17), GOOG (525.77 -6.56), GOOGL (541.24 -6.23), AMZN (424.97 -4.95), YY (76.54 -4.12), RCPT (174.75 -3.56), RH (93.19 -3.03), STZ (117.58 -2.94), BIDU (204.97 -2.63), ISIS (62.57 -2.39), CTB (35.20 -2.19), NVS (99.64 -2.18), UTX (115.43 -2.17), TQQQ (108.63 -2.17), MBLY (49.50 -2.06), SNDK (64.18 -1.92), TSLA (248.80 -1.89), ROK (124.10 -1.78), MMM (156.32 -1.72), IBM (165.31 -1.68), INTU (103.07 -1.66), CTRP (75.75 -1.64), IBB (362.33 -1.57)
Not so sure about that, MG...the way I see it, Hank is just another one of the scoundrels that helped drive this country to the brink of financial collapse and the ensuing bailout was essentially taxpayer extortion.
And to sue for 40 Billion USD? Wow...
The whole thing still leaves a bad taste in my mouth...
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
CI (156.32 +13.84%): Reports out that Anthem (ANTM) has approached Cigna, and made more than one offer to buy them.
AIG (63.17 +2.06%): A U.S. judge ruled in favor of the company and its former CEO saying the government exercised 'unduly harsh treatment' relating to its 2008 bailout of AIG; Neither the co nor Hank Greenberg were awarded any damages.
PCP (211.39 +1.68%): Positive view profiled over the weekend in Barron's.
Large Cap Losers
MU (24.12 -4%): Downgraded to Underweight from Equal-Weight at Morgan Stanley; tgt lowered to $21 from $30.
STZ (117.47 -2.53%): Announced that EVP and CFO Bob Ryder is leaving the company.
TWTR (34.88 -2.85%): Continued weakness following resignation of CEO Dick Costolo; PT lowered to $40 at Axiom Capital.
Mid Cap Gainers
TRAK (62.72 +57.39%): To be acquired in an all-cash transaction valued at $4 billion, or $63.25 per share.
SPF (8.88 +6.22%): Announced a merger of equals with Ryland Group (RYL); combined co to have enterprise value of ~$8.2 billion.
CNC (77.88 +3.3%): PT raised at FBR Capital, Jefferies, Leerink Partners, Wedush, others.
Mid Cap Losers
AGIO (98.79 -10.3%): Price target lowered to $93 at Canaccord Genuity.
CTB (35.37 -5.4%): Weakness attributed to the U.S. raising tariffs on China produced tires.
SCOR (55.41 -3.88%): Downgraded to Neutral from Buy at Goldman.
Hey, hey Hammie...good to see you...and thanks muchly for the charts....I like them all...
Even if the market won't trend, some stocks are on their own page and that keeps us in business...
Seems like every summer brings its own set of difficulties...
A lot of us are either gone or distracted by other activities right now...
Take care...
Homies....June NAHB Housing Market Index 59 vs 56 Briefing.com Consensus; May 54
Gapping down
Select large pharma showing early weakness : SNY -2.3%, NVS -2.3%, NVO -1.8%, LLY -1.8%, GSK -1.5%, SHPG -0.9%
M&A news: DSKY -7.3% (CEO/Chrmn offered to take the co private for $14.00 in cash/ADS), UTX -2% (to spin off helicopter business; will pursue a separation of Sikorsky from the rest of UTC; revises guidance)
Select EU financial related names showing weakness: DB -3.3%, ING -3.3%, RBS -2.9%, HSBC -1.9%, BCS -1.8%
Select metals/mining stocks trading lower: SCCO -5.6%, MT -2.4%, FCX -2.3%, BHP -1.5%, GFI -1.3%, GDX -0.5%
Select oil/gas related names showing early weakness: STO -2.2%, RIG -1.5%, BP -1.3%, SDRL -1.1%, MRO -0.8%
Other news: NBG -15.6% (negotiations betw Greece and creditors broke off over wkend), UBS -1.5% (files for offering of debt securities and warrants, size not disclosed), NFLX -1.2% (Alibaba (BABA) may soon introduce its own streaming service, according to Reuters), .
Analyst comments: SCSS -3.1% (downgraded to Neutral from Outperform at Wedbush), MU -2.9% (downgraded to Underweight from Equal-Weight at Morgan Stanley), SNDK -1.6% (downgraded to Equal-Weight from Overweight at Morgan Stanley)
Gapping up
In reaction to strong earnings/guidance: N/A.
M&A news: NKA +207.6% (to be acquired by Brookfield Infrastructure (BIP) for ~$912 mln), SPF +2.9% (Standard Pacific and Ryland Group (RYL) announce merger of equals), RYL +1.2%
Other news: AXPW +56.7% (signs a binding Letter of Intent, for a technology development and licensing program with LCB International), RDHL +29.8% (meets primary endpoint in its Phase III Study of RHB-105 to treat H. pylori Infection), AMCN +14% (to sell 75% of the equity interest in its Advertising Business for RMB 2.1 bln), NURO +8.5% (announced the full commercial launch of Quell, the company's over-the-counter chronic pain relief device), BLRX +8.4% (positive safety and efficacy results for lead oncology candidate BL-8040), BLUE +5.9% (reports reports new data from HGB-205 study), PTBI +5.9% (adds another adeno-associated virus gene therapy program to its product pipeline), WEC +4% (discloses approval for its acquisition of Integrys Energy Group (TEG) by the Minnesota Public Utilities Commission), TRIV +3.9% (FDA has approved the Ovation iX Iliac Stent Graft for the Ovation Prime Abdominal Stent Graft System), ZGNX +3.1% (Zogenix and Valeant Pharma (VRX) terminate co-promotion agreement for Migranal ), MNKD +3% (cont strength from Friday), GALE +2.1% (Phase 2 pilot study demonstrated an Overall Response Rate of 78%), CTIC +2% (reports Tosedostat in combination with low dose Cytarabine achieves primary endpoint in Phase 2 Study), GERN +1.2% (confirms orphan designation for its imetelstat for the treatment of myelofibrosis), RLD +1.1% (Jurassic World in 3D accounted for ~48% of ~$204.6 mln in domestic opening weekend), KPTI +0.8% (positive clinical data for its lead product candidate)
Analyst comments: IDRA +5.9% (initiated with a Overweight at JP Morgan), SNSS +2.3% (target raised to $5.50 at ROTH Capital), PBI +1.2% (initiated with a Buy at Ladenburg Thalmann)
S&P futures vs fair value: -14.20. Nasdaq futures vs fair value: -31.10.
The stock market is on track for a lower open as futures on the S&P 500 trade 14 points below fair value. Index futures have spent the entire night in negative territory, sliding to lows not long ago after Sunday's talks between Greek officials and the country's creditors broke down during the opening hour, leaving the situation essentially unchanged since last Friday. Cuts to pensions/wages and VAT levels on electricity are reportedly among the main points of contention with the focus now shifting to the Eurogroup meeting on June 18.
Safe-haven demand has boosted U.S. Treasuries, pressuring the benchmark 10-yr yield eight basis points to 2.32%.
On the economic front, the just released Industrial Production report pointed to a decrease of 0.2% in May, which was worse than the 0.3% increase expected by the Briefing.com consensus.
Separately, capacity utilization hit 78.1% while the Briefing.com consensus expected a reading of 78.3%.
The NAHB Housing Market Index for June (expected 56) will be released at 10:00 ET.
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
TMUS (38.99 +2.28%): Reports out that DISH Network (DISH) is looking to raise $10-15 bln to fund a bid to acquire T-Mobile.
CTXS (72.09 +2.42%): Upgraded at Piper Jaffray, BofA/Merrill,& Needham following yesterday's Elliott Management letter to the Board.
HST (20.02 +1.57%): Upgraded to Buy from Hold at Stifel.
Large Cap Losers
GWW (237.72 -2.31%): Reported May daily sales were flat versus May 2014
HMC (33.25 -1.8%): Announced it expects charges to be incurred of JPY44.8 bln related to expanded air bag recalls
KMI (39.06 -1.81%): Under pressure following a cautious mention in Barron's
Mid Cap Gainers
CMCM (34.22 +6.14%): Continued strength in Chinese names amid sustained M&A activity in U.S. listed American Depositary Shares as Chinese companies look to go private to relist shares of their company for higher valuations in local markets (SFUN, JMEI, BITA, YY, SINA, SOHU also higher).
IDCC (59.31 +5.27%): Announced an increase to its existing stock repurchase program by $100 mln to $400 mln; PT raised to $60 at Barclays.
BWLD (160.76 +3.08%): Outperforming in sympathy as wing restaurant peer Wingstop (WING) enjoys a successful first day trading, currently up 58%; Co also announced it will exercise its Right of First Refusal to purchase 41 restaurants for ~$160 mln.
Mid Cap Losers
TSRO (54.13 -5%): Weakness in Biotech's as health care underperforms the broad market (RCPT, CLVS, PBYI also lower).
MTSI (40.2 -4.15%): Downgraded to Hold from Buy at Drexel Hamilton.
EGO (4.22 -2.99%): Provided an update on the implementation and operational plans for the phased development at its Olympias Mine.
Equity indices have spent the entire first half in the red, pressured by the continued lack of progress between Greece and its lenders.
To that point, investors in Europe have shown demand for German debt, pressuring the 10-yr bund yield six basis points to 0.83%. Meanwhile, outflows from Greek and Spanish debt securities have caused their respective yields to spike. The Greek 10-yr yield has soared 51 basis points to 11.56% while Spain's 10-yr yield is higher by 12 basis points at 2.27%.
The macro uncertainty weighed on European indices, but they were able to cut their losses just ahead of the close when an unnamed Greek official said that the two sides are close to a deal and that Greece is sending a new counter-proposal to the creditors.
In addition to jolting European stocks, the report helped U.S. equities inch up from their lows, but the market is back near its worst levels of the day at this juncture.
Courtesy of briefing.com...
Today's biggest point gainers/losers
Biggest point gainers:
WING (29.92 +10.92), AMBA (115.01 +3.51), BWLD (159.04 +3.09), IDCC (58.89 +2.55), SHOP (33.06 +2.33), CYBR (64.99 +2.33), RH (96.88 +2.05), URI (91.67 +1.95), BITA (62.18 +1.89), MNST (129.01 +1.84), CTXS (72.09 +1.70), SINA (60.11 +1.67), BOBE (47.71 +1.61), CMCM (33.82 +1.58), LL (22.14 +1.50), MBLY (51.93 +1.46), MASI (38.16 +1.45), GPRO (57.42 +1.43), QIHU (67.36 +1.41), XNET (13.29 +1.32), ZPIN (16.71 +1.23), DRI (68.19 +1.14), WUBA (77.24 +1.13), YY (76.02 +1.09), DLR (66.25 +1.05)
Biggest point losers:
AGIO (103.44 -19.15), REGN (492.98 -8.12), RCPT (180.50 -8.12), BIIB (386.95 -6.59), IBB (362.26 -5.81), BLUE (180.77 -5.41), ESPR (73.93 -5.36), NFLX (660.84 -4.82), ALNY (128.15 -4.59), ILMN (213.92 -3.89), VRX (230.01 -3.86), AXON (26.05 -3.85), GOOG (530.79 -3.82), GOOGL (546.47 -3.57), ACT (298.63 -3.29), AMZN (429.96 -3.01), TQQQ (110.82 -2.87), BIB (87.24 -2.76), AMGN (155.22 -2.74), JUNO (58.88 -2.57), LLY (84.17 -2.42), WDC (92.19 -2.27), PRGO (184.65 -2.26), LNKD (215.79 -2.16), PXD (147.66 -2.15)
10:33 BWLD Buffalo Wild Wings higher by 3% as WING IPO comes in at much, much higher valuation (160.00 +4.04)
At WING's opening price of $30.50, WING is trading at a price/sales ratio of 13x last year's sales. That is well above BWLD's trailing P/S of 1.9x, and BWLD had stronger revenue growth than WING last year (19% vs 14%), and higher operating income growth (34% vs. 21%).
IcoEdit: Also looks like a breakout of recent resistance at 160 or so...
In Play for Intraday trades: LL Lumber Liquidators spikes to highs on volume; for what it's worth, the move coincides with a takeover rumor, suggesting HD could buy the co (21.76 +1.12)
Keep in mind short-interest is extremely high with more than 40% of the float short, so the stock could see exaggerated moves on a pop, regardless of the credibility (or lack thereof) of the rumor.
This also follows a blog post earlier this morning which cited some older comments from Benchmark International which were originally made public as early as March 12, 2015.
Consumer Sentiment Rebounds in June
The University of Michigan Consumer Sentiment Index increased to 94.6 in the preliminary June reading from 90.7 in May. The Briefing.com Consensus expected the index to increase to 91.5.
The bulk of the increase in sentiment likely was a response to stronger job security. The employment data throughout the last few weeks supported a vastly improving labor market. The initial claims level dropped to its lowest level in 15 years as layoff activities virtually halted. The May employment report showed strong growth in payrolls and wages.
Higher gasoline costs likely offset some of the gains from employment.
The Expectations Index increased to 86.8 in June from 84.2 in May. The Current Conditions Index rose to 106.8 in June from 100.8 in May.
The better-than-expected sentiment reading does not necessarily mean that consumption growth trends will accelerate. Consumption growth relies on income growth. As long as income continues to expand, consumption growth should follow.
Gapping down
In reaction to disappointing earnings/guidance: LF -20.3%, KUTV -20.1%, XONE -9.2%, FRD -0.9%
Select EU related names showing weakness: AEG -2.5%, STM -2.4%, UL -2.2%, UN -2%, CRH -1.8%, TOT -1.7%, ASML -1.7%, SNY -1.7%, SAN -1.6%, CNHI -1.4%, ALU -1.3%, AZN -1.3%, GSK -1.3%, RDS.A -1.2%, DB -0.9%
Other news: AVEO -15.7% ( receives written feedback from the FDA regarding a potential pivotal study for tivozanib in the treatment of NRP-1 low colorectal cancer ), NBG -5.3% (continued uncertainty in Greece/IMF talks), LTBR -4.3% (filed for $75 mln mixed securities shelf offering), FRO -2.8% (filed $100 mln mixed securities shelf offering and for a 55 mln ordinary share offering by selling shareholders ), PHG -2.2% (issued response last night To ResMed (RMD) update on Phase IV Serve-hf study), UAL -1.7% (still checking), AXON -1.4% (pulling back after yesterday's IPO), TRXC -1.3% (prices offering of 16,666,667 shares of its common stock at a public offering price of $3.00 per share), ALR -0.5% (announced pricing of $425 mln of 6.375% senior subordinated notes due 2023)
Analyst comments: GMCR -1.7% (downgraded to Neutral from Buy at UBS), VOD -0.8% (downgraded to Underweight at Santander)
Read more: http://www.briefing.com/GeneralContent/Platinum/Active/FullTextSearch/FullTextSearch.aspx#ixzz3cr4JmzXB
Gapping up
In reaction to strong earnings/guidance: OCLS +9.8%, KFY +3.8%, RH +1.2%
M&A news: TMUS +3.6% (WSJ reporting Dish (DISH) is looking to raise $10-15 bln to fund a bid to acquire the company), DISH +1.6% (WSJ reporting Dish (DISH) is looking to raise $10-15 bln to fund a bid to acquire the company)
Other news: OSUR +8.8% (awarded a contract for up to $10.4 mln in total funding from the U.S. Dept. of Health and Human Services), SNSS +7.5% (announces additional results of its VALOR trial; improved survival in patients =60), CALA +4.7% ( announces additional data from a study of its glutaminase inhibitor CB-839 ), CDTI +4.6% ( discloses entry into a North American Purchase and Sale Agreement with Honda North America, whereby Honda agreed to purchase goods and related services from the Company), BOBE +3.4% ( Board of Directors has authorized the co to pursue a strategic transaction, for a portion of its restaurant properties ), AGIO +2.8% (announces new data from its ongoing Phase 1 study evaluating single agent AG-221), TWTR +2.6% ( announces that Dick Costolo has decided to step down as CEO effective July 1, 2015, Jack Dorsey named Interim CEO; Co reaffirms Q2 guidance ), CTIC +1.9% (CTI BioPharma and Baxter (BAX) report significant improvements in symptom score with Pacritinib, across all measured symptoms, compared to best available therapy), URI +1.4% (Jana Partner Nik Mittal has indicated Jana will take 6% stake in URI, according to Reuters), PEIX +0.8% (co and Aventine Renewable Energy Holdings (AVRW) stockholders have approved the proposed merger of the companies; completion expected on July 1, 2015)
Analyst comments: TNXP +3.1% (initiated with an Outperform at Oppenheimer; $18 tgt), URBN +2.1% (upgraded to Buy at BB&T Capital Mkts), HCP +1.8% (upgraded to Neutral from Underperform at Mizuho), CTXS +1.4% (upgraded to Buy from Neutral at BofA/Merrill; upgraded to Neutral from Underweight at Piper Jaffray), MNST +1.4% (upgraded to Buy from Neutral at UBS), DRI +0.9% (upgraded to Outperform from Neutral at Credit Suisse), TS +0.8% (upgraded to Buy from Neutral at UBS)
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Cheerio folks !
Meredith Whitney closes her hedge fund...
http://www.wsj.com/articles/meredith-whitney-shuts-her-hedge-fund-1433976677
TWTR Twitter jumps up +13% afterhours towards $40.50 on headlines of CEO leaving...currently trading around $38-area (35.84 )
Re: the Greeks...and strictly for after market perusal...
Not sure if I agree with this article, but it is an interesting point of view by a Priest who is also a Hedge Fund manager...
http://seekingalpha.com/article/3242256-a-hedge-fund-manager-and-priest-on-why-greeks-need-the-drachma-and-to-get-over-post-ottoman-psychological-insecurities?source=intbrokers_regular