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What a great call on KRE last month, Sulph...love that chart...nice job, bud...
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
CTXS (70.6 +7.02%): 7.1% shareholder Elliot Management sent a letter to the Board requesting a meeting to discuss ways to enhance shareholder value, believes shares could reach $90-100 by the end of 2016.
HES (69.2 +5.42%): Announced it would sell a 50% interest in its Bakken midstream assets to Global Infrastructure Partners for cash consideration of $2.675 bln.
Large Cap Losers
MT (10.9 -3.16%): Metal names under pressure with mild weakness in precious metals; Gold -$7.60, Copper -2.8% (ABX, FCX also lower).
CVE (16.19 -2.22%): Announced that operations at its Foster Creek oil sands project in northern Alberta, have returned to normal following a forest fire; expects second-quarter production to be reduced by approximately 10,500 barrels per day (bbls/d) net due to the shutdown.
Mid Cap Gainers
HLS (47.22 +9.08%): Announced it would acquire the operations of Reliant Hospital Partners for $730 mln in cash, expected to be immediately accretive; PT raised to $45 at UBS.
AXLL (37.5 +5.66%): Upgraded to Buy from Neutral at Sun Trust Rbsn Humphrey.
MW (61.44 +4.97%): Beat Q1 consensus EPS estimates by $0.03, beat on revs; reaffirmed FY15 EPS guidance; announced agreement with Macy's (M) to operate 300 Macy's Tuxedo Shops; announced partnership with Kenneth Cole.
Mid Cap Losers
CRTO (44.69 -11.82%): Under pressure following reports that Apple's (AAPL) new iOS will allow users to block ads in its Safari browser; Criteo provides ads to internet-enabled devices, like the iPhone.
RIG (18 -5.66%): Initiated with an Underweight at Barclays.
COMM (30.93 -4.58%): Announced the sale of 20 mln shares of common stock by Carlyle Group (CG).
SUNE...nice going, early...I like it...
But, better yet, Einhorn likes it...one of his biggest holdings..
GL
:)
http://finance.yahoo.com/news/david-einhorns-largest-bets-222813314.html
LOL...you are likely correct...poor Eddy...heh
Today's biggest point gainers/losers
Biggest point gainers:
AXON (26.11 +11.11), AMZN (436.68 +5.91), BIIB (393.75 +5.25), CTXS (70.81 +4.84), HES (69.47 +3.83), MW (62.00 +3.47), RCPT (183.89 +3.37), HAR (120.93 +3.13), HLS (46.21 +2.92), WHR (188.76 +2.78), ISIS (69.16 +2.56), Z (88.94 +2.51), VRX (231.62 +2.50), BLUE (184.66 +2.38), HTHT (29.08 +2.19), QIHU (65.30 +2.16), BIDU (206.76 +2.13), NOC (160.68 +2.12), KKD (19.52 +2.12), MNK (126.42 +2.01), FDX (184.28 +1.96), SOHU (69.95 +1.96), PUB (16.45 +1.95), NTES (148.95 +1.85), MCK (237.76 +1.81)
Biggest point losers:
NFLX (659.61 -11.49), CRTO (46.92 -3.76), GLP (37.05 -2.59), GOOGL (550.39 -2.21), GOOG (534.56 -2.14), GWR (80.98 -2.01), PVH (111.99 -2.00), JUNO (62.65 -1.72), COMM (30.75 -1.67), PFPT (59.55 -1.62), AMBA (111.40 -1.54), ALXN (168.34 -1.54), LULU (65.33 -1.44), ATW (29.81 -1.38), GPRO (56.54 -1.37), QIWI (26.64 -1.33), DO (29.11 -1.17), APA (57.89 -1.07), TTM (34.29 -1.05), TUBE (15.50 -1.01), RBA (29.63 -1.01), HRTX (27.88 -0.98), VMW (89.75 -0.97), TS (28.95 -0.93), INTU (106.55 -0.93)
HMIN..resumes trade at 10 AM...News is: Home Inns receives 'going private' offer from group including co-founder and co-chairman for $32.81/share
HMIN halted for news...
Gapping down
In reaction to disappointing earnings/guidance: BV -5.4%, GWR -0.6%, DEST -0.6%
M&A news: SYT -1% (cont uncertaintly surrounding merger with MON)
Select metals/mining stocks trading lower: MT -1.7%, AUY -1.5%, FCX -1%, SLV -1%, HMY -0.7%, GG -0.5%
Other news: FOLD -7.5% ( announces a $150 stock offering), COMM -5.9% ( announces sale of 20 mln shares of common stock by Carlyle Group), GLP -5.5% ( announces an offering of 3 mln common units), DRNA -5.5% (responds to complaint file by Alnylam Pharmaceuticals (ALNY) in US Superior Court; 'believes the complaint is meritless'), SALT -4.4% (prices offering of 133,000,000 shares of common stock at $1.50 per share), BBG -3.8% (announces "at-the-market" equity offering; confirms increase to 2015 capex budget; establishes initial 2016 production growth range), LULU -3.3% (discloses filing for sale of up to 20,109,131 shares by founder Dennis J. Wilson; if entire amount sold, it would represent Wilson's entire stake), FRSH -3.1% (announced secondary common stock offering of 2 mln shares by selling sharholder), CYBR -2.6% (prices offering of 4,900,000 ordinary shares at a price of $61.00 per share sold by co and selling shareholders), TUBE -2.5% (prices follow-on offering of 5,263,246 shares of common stock at a price to the public of $15.75 sold by co and selling shareholders), WNC -1.9% (amended credit agreement regarding its $150 million asset-based revolving credit facility), BAS -1.8% (filed for $1 bln mixed securities shelf offering), PFPT -1.5% (announced an offering of $150 mln in convertible senior notes due 2020), IEX -1.3% (acquired specialty products valve firm, Alfa Valvole, for €102 million; with earnings accretion expected in the first full year after closing), NLSN -1% (announces a secondary offering of ~8.95 mln shares of common stock by affiliates of the Blackstone Group and The Carlyle Group )
Analyst comments: CL -1.3% (downgraded to Equal-Weight from Overweight at Morgan Stanley), HOG -0.9% (downgraded to Neutral from Outperform at Wedbush), RIG -0.7% (initiated with an Underweight at Barclays), CHK -0.5% (downgraded to Perform from Outperform at Oppenheimer)
Read more: http://www.briefing.com/GeneralContent/Platinum/Active/FullTextSearch/FullTextSearch.aspx#ixzz3cl8XskjB
Gapping up
In reaction to strong earnings/guidance: BOX +11.4%, MW +7.6%, KKD +6.2%, DDC +3.4%
M&A news: ISSI +3.6% (Integrated Silicon amends its merger agreement with Uphill Investment, increasing the acquisition price to $21/share from $20/share for ISSI shares), HE +0.6% (shareholders approve merger with NextEra Energy (NEE))
Other news: ATOS +10.7% (announces the U.S. Patent and Trademark Office has issued a new patent, Serial No. 9,052,318, to Atossa for Breast Cancer Detection using Absorbent Paper), ISIS +8% (reports Data from ISIS-SMN Rx Phase 2 Study in Infants with Spinal Muscular Atroph), CLLS +3.4% (announced publication of a study in Molecular Therapy describing the development of the next generation of engineered CAR T-cells compatible with allogeneic adoptive transfer immunotherapy), DMND +2.6% (favorable commentary on Wednesday's Mad Money), RBS +2.1% (UK confirms plans to begin sales of government's RBS stake - will begin in the coming months), AMGN +1.5% (FDA Advisory Committee votes 15-0 in favor of recommending approval of Repatha (evolocumab) for lowering LDL-C in patients with HoFH), AGIO +1.5% (confirms the FDA has granted it orphan drug designation for AG-120 for the treatment of patients with acute myelogenous leukemia), NKE +1.1% (NIKE to become exclusive oncourt provider for NBA, WNBA, NBA D-league), LNG +0.9% (announced 2 significant LNG projects; may add up to 19 mtpa in new liquefaction capacity by 2025), ISBC +0.7% (announced its second share repurchase program; may repurchase an additional 10% of its common stock, or ~34 mln shares)
Analyst comments: PTBI +13.2% (initiated with a Buy at ROTH Capital; tgt $16), AGEN +3.6% (initiated with an Outperform at Oppenheimer), NPTN +2.4% (upgraded to Outperform from Mkt Perform at Raymond James), RAD +2.2% (resumed with a Outperform at Credit Suisse), ERF +2.2% (upgraded to Buy from Hold at TD Securities), HZNP +1.9% (initiated with a Overweight at Morgan Stanley), TOL +1.7% (upgraded to Outperform from Neutral at Credit Suisse), FDX +1.2% (added to Focus List at Citigroup; target raised to $206 from $198 at Credit Suisse ), AWAY +0.8% (initiated with an Overweight at a boutique firm), HOS +0.7% (initiated with an Overweight at Barclays), NFLX +0.7% (target raised to $746 at Topeka Capital Markets), HLT +0.7% (initiated with a Buy at Brean Capital)
Errands to run...out for the day..see you all on the flip side...
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
JCI (54.35 +5.41%): Announced it is exploring strategic options for separation of its automotive business.
NFLX (684.52 +5.77%): Outperforming after shareholders approved the issuance of additional shares; management is expected to announce a stock split after the proposal was ratified; PT raised to $722 from $600 at UBS.
FLT (158.91 +5.04%): Announced the signing of a contract with Uber to provide the Partner Fuel Card, a universal card program for Uber's US driver partners
Large Cap Losers
MJN (90.3 -2.6%): Under pressure after estimates and the price target were trimmed at a tier one firm.
NEM (23.84 -2.32%): Priced its 29 mln share offering of common stock, expecting total gross proceeds of ~$682 mln.
AR (37.32 -2.12%): Price target lowered to $39 from $41 at Susquehanna.
Mid Cap Gainers
HCC (77.24 +36.25%): Announced it would be acquired by Tokio Marine Holdings for $78.00 in cash per share, or ~$7.5 bln
IOC (50.45 +6.91%): Said it resumed drilling at the Wahoo-1 side-track exploration well in Petroleum Prospecting License 474, in Papua New Guinea. All resolutions were approved at Annual Meeting yesterday June 9.
WETF (22.75 +5.23%): To replace Qorvo (QRVO) in the S&P MidCap 400 after the close of trading on Thursday, June 11.
Mid Cap Losers
SHLD (29.25 -20.1%): Unfavorable commentary on Tuesday's Mad Money.
DWA (26.44 -5.03%): Initiated with a Sell at Credit Agricole; tgt $17.
HRB (30.71 -3.93%): Downgraded to Neutral from Outperform at Credit Suisse.
Markets extending gains; Original rally was boosted by a push above the 100 sma support level in the S&P; But the gain has been extended on headlines that Germany may be bending on a deal
The headlines are saying that Germany is considering settling for at least one of the reforms from the Greek government which would lead to a staggard plan for a bail out.
Normally we would be skeptical but it is worth noting that the ECB extended its ELA program by over EUR 2 bln to Greece.
This is an olive branch that will grease the liquidity wheels for Greece.
It suggests the two sides continue to press toward a deal.
Market participants are still curious to see if the two sides will meet this evening.
Today's biggest point gainers/losers
Biggest point gainers:
NFLX (690.89 +43.74), HCC (77.00 +20.31), RCPT (169.37 +8.93), GOOGL (550.51 +8.35), GOOG (534.59 +7.90), FLT (157.36 +6.08), ALXN (164.73 +5.69), OXM (86.25 +5.24), GEVA (218.62 +4.42), AMZN (429.30 +3.82), TQQQ (112.23 +3.47), AMP (129.60 +3.27), GS (212.16 +3.14), YY (74.77 +3.08), IACI (78.08 +2.95), EXPE (107.90 +2.88), JCI (54.25 +2.69), LII (116.10 +2.67), LYB (104.46 +2.63), IBM (168.31 +2.63), IOC (49.80 +2.61), SWKS (104.85 +2.61), PRU (90.56 +2.59), XEC (121.43 +2.57), GNC (46.50 +2.57)
Biggest point losers:
ESPR (79.47 -21.06), REGN (509.60 -16.49), BLUE (181.26 -5.37), TSLA (252.30 -3.70), SHLD (30.62 -2.74), MFRM (59.07 -2.59), AMGN (152.74 -2.06), HAR (118.00 -1.96), INCY (104.36 -1.89), FRAN (14.20 -1.88), LULU (66.64 -1.63), RRC (52.76 -1.61), VRX (230.32 -1.41), DWA (26.52 -1.32), KITE (57.98 -1.25), HRB (30.72 -1.24), GPRO (57.46 -1.22), ILMN (214.44 -1.15), VIMC (11.54 -1.13), GPOR (44.28 -1.09), URBN (34.99 -1.09), AR (37.14 -0.99), VC (108.99 -0.98), LLY (81.79 -0.98), FGEN (18.50 -0.90)
Indices pushing up big...Seeing headlines that sources are saying Germany is considering offering Greece a staggered bailout package
Gapping down
In reaction to disappointing earnings/guidance: FRAN -9.3%, URBN -2.7%, (disclosed thus far during Q2 comparable Retail segment net sales are mid single-digit positive), VIMC -2.5%, LMNR -1.7%, CLLS -1.5%
Other news: SALT -17.1% (announces public offering of $200 mln of common stock ), RXDX -4.5% ( announces public offering of $75 mln in common stock ), TRN -3.7% (announces a US District Court has entered judgment in the federal False Claims Act case filed against the company; intends to seek reversal of judgment), HRTX -3.4% (announces proposed underwritten offering of common stock), NRZ -3.3% ( announces the commencement of a public offering of 31,486,146 shares of its common stock; shares being sold by the company as well as selling shareholders), REGN -3.2% (FDA Advisory Committee votes 13-3 in favor of recommending FDA approval of PRALUENT (alirocumab) for the treatment of hypercholesterolemia ), NBG -3.2% (cont vol surrounding Greece negotiations), GPRO -3.2% (presenting at investor conf), GPOR -2.8% (announces agreements to acquire additional acreage, associated assets and incremental firm transportation commitments from American Energy Utica ), PACB -2.5% (still checking, may be in symp with REGN), TOF -2.2% (announced that President David Mintz, has successfully underwent surgery and expects to return to his duties this summer), CMRX -1.5% ( announces a $150 mln common stock offering), NEM -1.4% (prices its 29 mln share offering of common stock for total gross proceeds of ~$682 mln)
Analyst comments: DWA -1.9% (initiated with a Sell at Credit Agricole), HRB -0.9% (downgraded to Neutral from Outperform at Credit Suisse ), NVDA -0.8% (downgraded to Neutral from Buy at Nomura)
Read more: http://www.briefing.com/GeneralContent/Platinum/Active/FullTextSearch/FullTextSearch.aspx#ixzz3cfPEgZSn
Gapping up
In reaction to strong earnings/guidance: SIGM +7.6%, SURG +7.5%, OXM +7.4%, APIC +4.6%, TSM +0.9%, (May sales)
M&A news: HCC +36.1% (to be acquired by Tokio Marine Holdings for $78.00 in cash per share), CSG +5.2% (Bloomberg reporting CSG is considering sale and has received some interest in the company), JCI +5.1% (to explore strategic options for separation of automotive business)
Select metals/mining stocks trading higher metal futures up ~1% in pre-mkt: RIO +3.7%, GFI +3.1%, AG +2.9%, GOLD +2.9%, BHP +2.8%, CLF +2.8%, MT +2.5%, MTL +1.6%
Select oil/gas related names showing strength with crude and nat gas futures up 2% in pre-mkt: RIG +2.5%, EXC +2.4%, TOT +2.3%, WLL +2.3%, SDRL +2.2%, PBR +2.2%, FE +2.2%, SM +1.8%, RDS.A +1.7%, BP +1.6%
Other news: CYTX +10% (preclinical data for the Treatment of Thermal Injury published in the Journal Burns), CTIC +8.1% (disclosed an amendment to the Development, Commercialization and License Agreement with Baxter (BAX); milestone payments from BAX were accelerated), UACL +7.9% (announced the commencement of a modified "Dutch auction" tender offer to purchase up to 1 mln shares of its common stock), CANF +7.8% (announces a Notice of Allowance from the US PTO for a manufacturing method patent for its drug candidate CF101), BLDP +7% (signs a framework agreement with Tangshan Railway Vehicle Company for development of a new fuel cell module), WETF +5.8% (to replace QRVO in the S&P MidCap 400), OGXI +5.8% (FDA has agreed to the co's proposed amendment to the Phase 3 AFFINITY protocol and statistical analysis plan), XOMA +4.2% (treatment of congenital hyperinsulinism granted Orphan Drug Designation), QRVO +3.2% (to replace LO in the S&P 500), LBIO +3.2% (treatment of malignant melanoma Stages IIb to IV (tumor-inflitrating lymphocytes; LN-144) granted Orphan Drug Designation), STO +3% (elects Oystein Loseth as new Chairman), SPAN +2.9% (co has been selected as a supplier of consumer bedding products for the a major retailer's seasonal promotion in the fall of 2015), UVE +2.6% (announces the repurchase and retirement of Series M convertible preferred stock), UBS +2.6% (announces shares of UBS AG's to be delisted from SIX Swiss Exchange in H2 of 2015), FLT +2.5% (announces the signing of a contract with Uber to provide the Partner Fuel Card ), TTM +2.4% (Indian stocks to be included in MSCI EM Index in 2016), DB +1.6% (strong mkts in EU overnight), ABB +1.4% (strong mkts in EU overnight), ING +1.4% (exchanges EUR337.5 million notes of NN anchor investors into NN shares), ARIA +1.4% (granted Paladin Labs, an Endo International (ENDP) company, exclusive rights to distribute Iclusig in Canada for its newly approved indications), APAM +1.3% (announced May 2015 AUM of $111.6 bln), TGT +1.1% (confirms a 7.7% increase to its quarterly dividend to $0.56/share and a $5 bln expansion of its share repurchase authorization), NFLX +1.1% (investor group approves share split and associated additional shares, according to reports)
Analyst comments: CL +1.5% (upgraded to Hold from Sell at Societe Generale), HOV +1.4% (upgraded to Mkt Perform from Mkt Underperform at JMP Securities), NTAP +1.3% (upgraded to Outperform from Sector Perform at RBC Capital ), FGP +0.9% (upgraded to Neutral from Underweight at JP Morgan), JBHT +0.8% (upgraded to Outperform from Sector Perform at RBC Capital ), DG +0.8% (upgraded to Outperform from Sector Perform at RBC Capital)
Read more: http://www.briefing.com/GeneralContent/Platinum/Active/FullTextSearch/FullTextSearch.aspx#ixzz3cfP06rU2
Today's biggest point gainers/losers :
Biggest point gainers:
NFLX (644.21 +16.98), SAGE (87.27 +12.12), CASY (91.45 +4.19), LULU (65.42 +3.90), CXO (123.96 +3.73), VC (109.67 +3.71), LNKD (215.63 +3.59), EQT (87.22 +3.18), LYB (102.50 +3.02), MRNS (12.16 +2.67), XEC (119.24 +2.54), RCPT (158.70 +2.10), AMED (36.65 +2.01), PXD (150.95 +2.01), HDS (34.30 +1.85), HES (66.84 +1.85), EGN (73.35 +1.69), RRC (55.80 +1.65), JOY (40.15 +1.63), PDCE (57.81 +1.63), WBAI (25.21 +1.45), NBL (46.09 +1.40), MMM (157.99 +1.40), HRB (32.64 +1.39), RAI (72.44 +1.38)
Biggest point losers:
BLUE (182.36 -6.25), CBPO (98.82 -5.04), BIIB (381.60 -4.77), BURL (49.78 -4.11), ALNY (126.03 -3.94), KITE (59.34 -3.10), ALK (59.45 -3.08), IBB (362.00 -3.01), SYNA (95.97 -3.00), JUNO (62.53 -2.96), MDVN (111.98 -2.96), CYBR (65.77 -2.88), LGND (92.55 -2.78), CMCM (31.69 -2.57), UNFI (61.11 -2.55), NBIX (42.78 -2.50), ACT (296.23 -2.43), SAVE (61.42 -2.43), AKAM (72.50 -2.39), VRX (230.59 -2.26), PANW (170.59 -2.23), SHLD (36.85 -2.16), AVID (15.80 -2.02), BMRN (121.91 -1.99), ATHM (44.50 -1.95)
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
NFLX (645.34 +2.89%): Shares outperforming ahead of the company's annual meeting; shareholders set to vote on a proposal to increase the company's share capital which, if approved, management will recommend a stock split to the Board; also a Favorable mention on Monday's Mad Money
EQT (86.5 +2.93%): Strength in the energy sector with natural gas futures up 4.4% and WTI crude oil futures up 3% (NBL, CXO, SU also higher).
Large Cap Losers
LUV (34.24 -5.18%): Announced that it flew 10.2 billion revenue passenger miles in May 2015, an 8.5% increase from the 9.4 billion RPMs flown in May 2014; PT lowered to $45 at Cowen.
AKAM (72.47 -3.23%): Downgraded to Neutral from Outperform at Macquarie.
Mid Cap Gainers
SAGE (86.75 +15.44%): Announced positive top-line data, from its exploratory trial of SAGE-547 to treat postpartum depression; PT raised to $107 at Leerink
LULU (67.36 +9.49%): Beat Q1 consensus EPS estimates by $0.01, beat on revs; guided Q2 EPS below consensus, revs above consensus; raised FY16 guidance.
AU (9.43 +8.14%): Sold its Cripple Creek & Victor gold mine in Colorado to Newmont Mining (NEM) for $820 mln in cash and added royalties.
Mid Cap Losers
BURL (49.05 -8.98%): Reported Q1 EPS in-line, missed on revs; guided Q2 in-line; reaffirmed FY16 guidance (which was below consensus); announced wage increase and $200 mln share buyback.
NBIX (42.72 -5.65%): Announced that it suspended two planned clinical studies of its CRF antagonist NBI-77860.
SAIC (50.27 -5.54%): Reported Q1 (Apr) adj earnings of $0.73 per share, $0.02 worse than the Capital IQ Consensus Estimate of $0.75; revenues rose 3.3% year/year to $1.01 bln vs the $0.98 bln consensus.
Great pics, GG...and trust me, I try to keep it simple too...but an abacus?...what a hoot...
I'll be out most of the day...or until I get everything back in shape.
Looks like some capital expenditure coming up ?
Gapping down...for the record
In reaction to disappointing earnings/guidance: ZQK -14.5%, FCEL -9.9%, BURL -7.2%, UNFI -6.9%, STV -5.9%, ONCS -5.9%, TPLM -5.7%, SB -5.4%, KANG -3.4%, MLNK -1.7%, HRB -0.8%, SAIC -0.5%
Other news: NBIX -6.1% (suspended two planned clinical studies ), NSPH -3.6% (announces a registered direct offering for $4.4 million of convertible preferred stock), DB -3.1% (offices were searched by investigators today over issues with client transactions, according to reports), ONCY -2.8% (announced it will initially focus on pursuing registration for REOLYSIN in two indications - the neoadjuvant treatment of muscle-invasive bladder cancer and the treatment of glioblastoma), CHL -2.2% (still checking), NEM -1.7% ( files for 29,000,000 share common stock offering in 424B5; to add profitable production with purchase of Cripple Creek & Victor Mine), AVID -1.5% (proposed $115 million offering of Convertible Senior Notes Due 2020), BBRY -1.5% (unfavorable commentary on Mad Money), ETSY -1.4% (Tiger Global Management disclosed 8.9% passive stake in 13G filing), AAL -1.4% (reports May traffic), HSBC -1% (provides investor update; will look to to sell its operations in Turkey and Brazil)
Analyst comments: AKAM -2.5% (downgraded to Neutral from Outperform at Macquarie), CTXS -1.4% (downgraded to Sell from Buy at Berenberg)
Gapping up...for the record
In reaction to strong earnings/guidance: MXL +5.6%, (announces revised guidance reflecting Entropic acquisition contribution), PBY +4.3%, PLAY +4.2%, CASY +3.7%, HQY +2.5%, LULU +2.2%, UEC +1.1%, HDS +1%
M&A news: AU +10.6% (Newmont Mining (NEM) last night announced it would acquire Anglo's Cripple Creek & Victor gold mine for $820 mln), VC +1.2% (completes sale of ownership interest in Halla Visteon Climate Control Corp), GM +0.9% (Fiat Chrysler execs are looking toward hedge funds to support possible General Motors (GM) merger, according to WSJ), ATML +0.8% (following late spike on Reuters report that the company hired advisor to explore options -including sale)
Select metals/mining stocks trading higher: HMY +4.5%, DRD +2.9%, GFI +1.9%, DNR +1.6%, FCX +1.2%, MT +1.1%, ABX +0.9%, GDX +0.8%, AKS +0.8%, GOLD +0.7%
Other news: AXN +22.3% (China FDA has issued licenses to its subsidiary to produce Tilidine Hydrochloride tablets), NAVB +17.6% ( announces 'positive' Lymphoseek comparative results in injection site pain study in breast cancer), OCLS +16.5% (receives FDA approval for its Alevicyn SG Antipruritic Spray Gel ), SAGE +15.9% (positive top-line data, from its exploratory trial of SAGE-547 to treat postpartum depression), RXII +10% (received two Notices of Allowance from the USPTO), NBG +3.2% (cont volatility surrounding Greece negotiations), GOMO +3% (Sungy Mobile enters into definitive agreement for going private transaction, for $4.90/share in cash), PGH +1.6% (reports lindbergh production exceeding capacity of 12,500 bbl/d), .
Analyst comments: AMD +2.6% (initiated with a Outperform at Northland Capital), DEO +1.8% (upgraded to Buy at Natixis Bleichroeder), DG +1.2% (upgraded to Strong Buy at Raymond James)
Notable Stuff...
Notable earnings/guidance:
Trading higher following earnings/guidance: CASY +6.8%, ISLE +6.4%, LULU +6.1%, PBY +4.3%, PLAY +1.7%
Trading lower following earnings/guidance: ZQK -30.2%, CBK -21.9%, HOV -12%, BURL -10.5%, UNFI -4.3%, ACC -0.9% (gives Q2 update; same store wholly-owned portfolio was 93.3% applied)
Near unchanged mark following earnings/guidance: NWL (reaffirmed guidance)
Notable news:
Leaders: NFLX 1.3% (chatter about BABA investment in the name), SNAK 1.7% (discloses that it currently expects a return to production for a number of its Fresh Frozen branded frozen vegetable products at its Jefferson, Georgia-based facility on or about June 30, 2015)
Laggards: BEBE -17.1% (founder and Chairman Mashouf announces intention to sell 59% ownership stake), SHLD -3.9% (announces that Seritage Growth Properties has commenced a rights offering for ~53.3 mln shares of common stock)
Nearly unchanged: CPB (to acquire the assets and business of Garden Fresh Gourmet for $231 million; expects no effect on FY15 guidance and slight accretion in FY16), WFM (renewed rumor that a prominent investor could be interested in stock)
Notable trends:
HOV is leading homebuilders lower following its earnings report: HOV -11.1%, TMHC -2.6%, MHO -2.6%, WLH -2.4%, TPH -1.8%, MTH -1.6%, RYL -1.7%, DHI -1.2%, MDC -1.1%, ITB -1%, PHM -1%, XHB -1%, BZH -0.9%, LEN -0.8%, SPF -0.8%
Restaurant/QSR names are under pressure in early trade. A few names trading lower include: GRUB -3.3%, NDLS -2.5%, QSR -1.6%, LOCO -2.1%, TAST -1.3%, SONC -1.5%, JACK -1.2%, RUTH -0.8%, HABT -1.9%, EAT -1.1%, CBRL -1.1%, WEN -0.9%, ZOES -1.2%, DIN -0.8%, DRI -0.9%, BWLD -0.9%, KKD -0.3%, SBUX -0.7%, MCD -0.4% (announces the appointment of Silvia Lagnado as Global Chief Marketing Officer)
Analyst related:
Upgrades: CNK 2.4% (upgraded to Buy from Hold at Topeka Capital Markets), DG 0.2% (upgraded to Strong Buy at Raymond James)
Misc: TGT -0.5% SFM -1.7% TFM -1.1% WBA 0.9% CVS flat DG 0.2% (initiated with an Outperform at Macquarie), WMT flat WFM -0.2% KR -0.5% VSI 0.1% SVU -2.7% COST 0.4% (initiated with a Neutral at Macquarie)
My APU went down. Sometimes an attempt at redundancy and safety simply results in more equipment that can go bad...lol
What a day...see y'all in the morning...
AAPL...I know...and it was great volatility.,..
That's all we can ask for...
thanks, MG...good heads up...
:)
Next FOMC announcement is scheduled for June 17...just fwiw..
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
DB (32.1 +4.80%): Announced appointment of John Cryan to the position of Co-Chief Executive Officer, effective July 1, 2015; appointment follows the decision of Jürgen Fitschen and Anshu Jain, Co-Chief Executive Officers, to step down early from their roles
TSLA (257.48 +3.35%): Target raised to $335 from $275 at Robert W. Baird
S (4.52 +2.26%): Seeing reports that co and majority owner SoftBank have agreed on a plan to upgrade the company's wireless network
Large Cap Losers
WYNN (102.87 -5.74%): Weakness in large cap resort and casino stocks; Analysts at Sterne Agee CRT were cautious this morning on weak gross gaming revenue data for the first week of June; MPEL, MGM, LVS also lower
TKC (10.69 -5.65%): Weakness in Turkish stocks due to uncertainty following election in which the country's ruling party failed to win an overall majority in parliament
AAL (39.62 -5.03%): Downgraded to Market Perform from Outperform at Raymond James; UAL, DAL also lower
Mid Cap Gainers
MNKD (6.94 +13.32%): Strength on analyst comments that co is benefiting from new sales efforts by partner Sanofi
AMBA (111.66 +8.06%): Mentioned positively by Jim Cramer as a play on the drone market; CYBR also higher on positive Jim Cramer mention
XON (46.4 +2.07%): Co and Fibrocell Science (FCSC) announced positive in vitro pre-clinical data for Fibrocell's lead orphan gene-therapy drug candidate, FCX-007, for the treatment of recessive dystrophic epidermolysis bullosa
Mid Cap Losers
CBPO (108.78 -8.27%): Co filed for a mixed securities shelf offering last Friday after the close
JBLU (19.22 -6.20%): Weakness in airline sector: ALK also lower
LC (17.61 -5.93%): Mentioned cautiously in Barron's article; upgraded to Overweight at Pacific Crest
Macau stocks paring last week's gains after gaming data out of the region for the first week of June was disappointing.
A few casino/gaming names trading lower include: WBAI -8.8%, WYNN -5.6%, MGM -5.3%, MPEL -4.5%, LVS -4.2%, CZR -2.4%, BJK -1.7%, PENN -1.4%, BYD -1.4%, CNTY -0.9%, UWN -0.6%, PNK -0.6%, ISLE -0.3%,
Today's biggest point gainers/losers
Biggest point gainers:
TSLA (257.09 +7.95), AMBA (109.48 +6.15), CYBR (70.62 +4.38), BRLI (42.81 +3.19), DWRE (67.35 +3.08), HUM (217.30 +2.92), DTEA (29.28 +2.28), MIC (86.67 +2.11), YY (73.24 +1.75), DB (32.36 +1.73), CELG (112.21 +1.49), PANW (174.95 +1.36), FGEN (19.64 +1.33), ANET (78.39 +1.30), ZOES (37.59 +1.28), FANG (79.53 +1.27), STZ (120.12 +1.25), GI (18.25 +1.25), XON (46.70 +1.24), SGEN (48.06 +1.19), SOHU (70.04 +1.12), VDSI (29.62 +1.12), PVH (115.53 +1.10), HIFR (31.08 +1.02), HCN (68.82 +1.01)
Biggest point losers:
SHPG (243.51 -8.01), PBYI (131.90 -6.89), WYNN (103.52 -5.62), REGN (535.19 -4.21), AVGO (140.09 -3.72), GOOGL (546.30 -3.23), BUD (121.72 -2.78), CHTR (171.27 -2.70), DEO (115.33 -2.67), UAL (51.68 -2.41), NXPI (104.57 -2.41), JUNO (66.06 -2.30), VRX (233.13 -2.28), ALK (63.38 -2.28), GOOG (531.12 -2.21), WBAI (23.95 -2.11), LVS (52.91 -2.09), AMZN (424.95 -2.00), AAL (39.78 -1.94), ACT (300.36 -1.94), ILMN (208.28 -1.93), QRVO (81.85 -1.85), IBM (165.57 -1.83), DAL (41.29 -1.62), ENB (45.42 -1.56)
Read more: http://www.briefing.com/Platinum/InDepth/InPlay.htm#ixzz3cUSnRapo
Gapping down
In reaction to disappointing earnings/guidance: MTN -2.6%, PNY -1.5%
M&A news: SYT -0.9% (Monsanto reaffirms proposal for stock transaction valued at CHF449 per share)
Select EU related names showing weakness: SHPG -2.5%, DEO -2.1%, BCS -1.4%, RBS -1.4%, NVO -1%, ABB -0.6%
Other news: WLT -15.9% (ongoing credit concerns), TKC -7.1% (weakness in overseas trading on Turkey election results), AVP -0.9% (subsidiary announced they entered into a new $400 million five-year senior secured revolving credit facility)
Analyst comments: CRC -3.4% (initiated with a Sell at Goldman), LVS -3.2% (Hearing Sterne Agee CRT out cautious following weak Macau gross gaming rev), WYNN -3% (Hearing Sterne Agee CRT out cautious following weak Macau gross gaming rev), AAL -1.1% (downgraded to Mkt Perform from Outperform at Raymond James), UAL -0.9% (downgraded to Outperform from Strong Buy at Raymond James), RIO -0.8% (downgraded to Neutral from Outperform at Exane BNP Paribas), BEN -0.8% (initiated with a Sell at Goldman), DAL -0.8% (downgraded to Outperform from Strong Buy at Raymond James), OC -0.7% (downgraded to Neutral from Outperform at Macquarie)
Read more: http://www.briefing.com/GeneralContent/Platinum/Active/FullTextSearch/FullTextSearch.aspx#ixzz3cTeDzXN6
Gapping up
In reaction to strong earnings/guidance: SHLD +4.2%
M&A news: DATE +3.6% (announces the receipt of an amended 'going private' proposal for $4.80/share or $7.20/ADS share, also reported earnings)
Other news: BLDP +13.3% (announces a $10 million deal to power 33 clean energy buses in China), FCSC +9.7% (and Intrexon (XON) announce positive in vitro pre-clinical data for FCX-007 to treat Recessive Dystrophic Epidermolysis Bullosa), PTBI +9.2% (licensed an AAV gene therapy for the treatment of Juvenile Batten disease from UNeMed ), MXL +8.3% (Soros Fund Mgmt disclosed 5.19% passive stake), DB +6% (appoints John Cryan as Co-CEO effective July 1, suceeding Jürgen Fitschen and Anshu Jain, also, upgraded to Neutral from Underperform at BofA/Merrill), VISN +5.3% (awarded exclusive concession contracts, to install and operate its on-bus free Wi-Fi network on 5K urban buses in Hangzhou city), AOSL +3% (commences $30 mln Modified Dutch Auction tender offer for its common shares), PANW +1.4% (China considering options to protect against hackers and may attempt to require foreign tech firms to disclose source coding), RAD +1.2% (favorable commentary on Friday's Mad Money), SUNE +0.9% (awarded an additional five solar photovoltaic projects in South Africa, totaling 371 MW)
Analyst comments: DSX +8% (positive Deutsche Bank comments and target raise to $10.50), GLPG +7.1% (initiated with a Overweight at Morgan Stanley), PQ +6.4% (upgraded to Outperform from Mkt Perform at Raymond James), INVN +1% (upgraded to Outperform from Market Perform at Northland Capital), TSLA +0.8% (target raised to $335 from $275 at Robert W. Baird), WMT +0.5% (upgraded to Strong Buy from Outperform at Raymond James)
Read more: http://www.briefing.com/GeneralContent/Platinum/Active/FullTextSearch/FullTextSearch.aspx#ixzz3cTdzYKaa
SPG MO FTE RAI PPL ED and other interest rate sensitive stocks headed downward...let's see what more we can find that still have room to move down...
KITE Kite Pharma leading immuno-oncology stocks higher as they extend recent surge following ASCO (60.36 +5.91)
Immuno-oncology stocks continue to display strength after those therapies were the primary focus at ASCO last weekend.
On Tuesday, Bloomberg reported that AstraZeneca 's (AZN) CEO Pascal Soriot said he would consider making an acquisition in the space.
Mega caps Bristol-Myers (BMY) and Novartis (NVS) also have leading immuno-oncology programs.
Kite (KITE) appears to be playing catch-up today after peer CAR-T Juno's (JUNO) recent surge to all time highs.
KITE +11%, TRIL +7%, JUNO +7%, BLCM +5%, ADRO +5%, CLLS +4%. LBIO +3%, BLUE +2%, AFMD +1.6%, ZIOP +0.6%, ADXS -1.9%,
Caesars Entertainment (-7%) at 2+ year low as battle over bankruptcy proceedings plays out in court
Economic Summary: Payrolls, Hourly Earnings Upside in May Jobs report makes 2015 rate hike more likely
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
UA (81.18 +4.03%): Upgraded to Buy from Neutral at DA Davidson; tgt $91.
SCHW (33.1 +2.6%): Brokerage stocks outperforming on jump in yields; also was assumed/upgraded to Buy at Goldman.
PANW (172.22 +2.06%): Cyber-security names higher following yesterday's breach of the U.S. governments personnel data system.
Large Cap Losers
VIP (5.57 -6.7%): European stocks underperforming following weakness in Europe's exchanges (ALU, TTM, NOK, FCAU also lower).
MO (48.46 -2.85%): Rate sensitive names under pressure as treasury yields jump (FTE, RAI, PPL, ED also lower).
VOD (37.16 -1.46%): Confirmed that it is discussing a possible exchange of assets with Liberty Global (LBTYA), but not in discussions concerning a potential combination.
Mid Cap Gainers
QIHU (59.89 +8.89%): Chinese internet names soaring after China's Shanghai index continued its surge, gaining 1.5% over night (SINA, QUNR, WB, BITA, YY also higher).
PFPT (61.3 +4.16%): Price target raised to $75 from $65 at Piper Jaffray.
DWA (28.51 +3.81%): Upgraded to Buy at Stifel; tgt $34.
Mid Cap Losers
ESL (92.76 -13.32%): Missed Q2 (Apr) consensus EPS estimates by $0.13, missed on revs; lowered FY15 guidance.
THO (58.12 -5.42%): Reported Q3 (Apr) earnings of $1.19 per share, $0.01 worse than the Capital IQ Consensus Estimate of $1.20; revenues rose 12.2% year/year to $1.17 bln vs the $1.17 bln consensus.
PAY (37.54 -2.11%): Beat Q2 (Apr) consensus EPS estimates by $0.02, reported revs in-line; guided Q3 EPS in-line, revs in-line; guided FY15 EPS in-line, revs in-line.