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Today's biggest point gainers/losers
Biggest point gainers:
REGN (529.07 +10.45), DTEA (25.40 +6.40), NFLX (631.36 +5.92), QUNR (52.63 +4.88), QIHU (59.78 +4.78), BIDU (208.84 +4.52), PANW (173.23 +4.48), BLUE (188.88 +3.90), CYBR (65.55 +3.88), KITE (58.06 +3.61), BITA (61.90 +3.30), PXD (151.94 +3.25), BIIB (387.56 +3.22), YY (68.50 +3.11), UA (80.98 +2.94), GMCR (86.30 +2.91), XEC (117.58 +2.79), SINA (55.13 +2.72), NTES (145.84 +2.66), Z (90.87 +2.52), JUNO (66.50 +2.50), ANET (76.34 +2.35), EVH (19.28 +2.28), ACT (305.50 +2.12), TRGP (90.17 +2.08)
Biggest point losers:
ESL (92.53 -14.48), PBYI (138.03 -6.21), ZUMZ (24.18 -5.56), COO (175.01 -5.13), THO (58.29 -3.16), CMG (608.46 -3.11), NEWM (18.50 -2.75), LE (24.70 -2.69), VNCE (12.70 -2.59), SYT (87.16 -2.44), BUD (119.48 -2.30), SJM (111.64 -2.12), NVS (100.97 -2.08), SHLD (41.77 -1.75), SHPG (250.05 -1.73), NEE (98.78 -1.59), DTE (75.18 -1.50), PM (80.33 -1.50), CPF (22.30 -1.46), LMT (188.75 -1.42), AMT (93.28 -1.39), TTM (34.75 -1.34), WYNN (108.13 -1.31), SPG (177.72 -1.31), ASML (109.29 -1.30
Gapping up
In reaction to strong earnings/guidance: ZOES +4.5%, DMND +3.7%, CMGE +2.2%, UTIW +1.3%, ALOG +0.5%
M&A news: JASO +14.4% (receives non-binding 'going private' proposal for $9.69/share from Chairman and CEO), INO +2.4% (hearing reports of takeover rumors), LBTYA +1% (reports AMC that co is in discussions with Vodafone (VOD) regarding a potential transaction)
Other news: PTN +60% (positive FDA panel vote for Sprout Pharma's (private company) filbanserin for the treatment of hypoactive sexual desire disorder in premenopausal women ), PACD +9.7% (still checking, may be OPEC related), ARO +5% (CEO disclosed purchase of 250K shares, worth total of $481.1K; 6/3-6/4 transaction dates), CETV +4.5% (still checking), LTBR +4.1% (announces South Korea granted patent for metallic nuclear fuel design), RTRX +3% (received fast track designation for RE-024 for the treatment of pantothenate kinase-associated neurodegeneration), ISIS +3% (license agreement with Bayer HealthCare (BAYRY) for ISIS-FXIRx has cleared the HSR period, resulting in immediate payment to Isis of $100 mln), OPXA +2.9% (disclosed that NASDAQ granted extension request; co now has until November 30, 2015 to regain compliance with the minimum bid requirement), ANTH +2.6% (announces additional data on patient-reported outcomes from Phase 2b PEARL-SC Blisibimod study; Treatment with blisibimod was associated with statistically significant and clinically meaningful improvements in patient-reported fatigue (, MANH +2.6% (to replace LTM in the S&P MidCap 400), FEYE +1.9% (after US Office of Personnel Mgmt security breach), HZNP +1.4% (announces initiation of a Phase 3 trial of Actimmune, to treat of patients with Friedreich's Ataxia), PANW +1.3% (after US Office of Personnel Mgmt security breach)
Analyst comments: AES +1.5% (upgraded to Overweight from Neutral at JP Morgan), GRPN +0.8% (reinstated with a Buy at Deutsche Bank)
Read more: http://www.briefing.com/GeneralContent/Platinum/Active/FullTextSearch/FullTextSearch.aspx#ixzz3cBuXZ5OF
Gapping down
In reaction to disappointing earnings/guidance: VNCE -10.3%, ZUMZ -8.9%, ESL -7.8%, CMTL -4.3%, YGE -3.8%, LITB -3.7%, COO -2.6%, PAY -2.2%, VISN -1.4%, .
M&A news: VOD -1% (confirms it is discussing possible exchange of assets with Liberty Global (LBTYA), says not in discussions concerning a combination), .
Select EU related names showing weakness with Dax down ~1.5% overnight: NBG -3%, LUX -2.4%, NOK -2.2%, ALU -1.8%, CNHI -1.8%, SHPG -1.7%, ING -1.6%, PHG -1.6%, NVS -1.3%, ABB -1.3%, DEO -1.2%, DB -1.1%, HSBC -0.9%, CS -0.8%
Select metals/mining stocks trading lower: HMY -2.2%, GFI -1.2%, GFI -1.2%, AU -1.2%, GOLD -1.2%
Other news: CPF -6.1% (announces intentions to offer 3,000,000 shares of common stock), ENDP -1.4% (upsizes and prices offering of 24,024,025 ordinary shares at a price of $83.25 per share), BCLI -0.8% ( filed for a $100 mln mixed securities shelf offering ), QIWI -0.8% (filed for offering of ~6.42 mln ADSs representing one class B share for selling shareholders)
Analyst comments: PSG -1.2% (downgraded to Neutral from Outperform at Wedbush)
Equity futures sink in reaction to better-than-expected employment data, as data raises possibility for increase in rates
S&P futures now -8 points at 2090.
Treasury yields spike on data, 10-year yield now +12 bps at 2.43%
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
MPEL (20.99 +6.5%): Strength in Macau stocks following reported strong weekly gaming data (WYNN, LVS, MGM also higher).
DISH (74.27 +4.89%): Reports Dish and T-Mobile US (TMUS) are in merger talks.
ERIC (11.62 +2.47%): Upgraded to Overweight from Neutral at JP Morgan.
Large Cap Losers
AER (48.53 -3.6%): American Intl Group (AIG) priced its sale of ~86.88 mln shares of AerCap for proceeds of $3.7 bln.
SJM (113.7 -3.8%): Reported Q4 (Apr) results, which missed on EPS; guided FY16 including recently closed Big Heart Pet Brands acquisition.
MWE (60.71 -2.76%): Weakness in the energy sector with WTI crude oil futures -2.7% (LNG, TRP, SSL also lower).
Mid Cap Gainers
MR (29.88 +8.77%): Announced receipt of a going private proposal to purchase all outstanding shares for $30/share.
JUNO (61.18 +6.92%): Favorable commentary on Wednesday's Mad Money.
BKE (46.2 +4.95%): Reported May same store sales +2.4%, which exceed consensus estimates; Also upgraded at BB&T Capital Mkts.
Mid Cap Losers
OPK (16.35 -14.49%): Announced it would acquire Bio-Reference Labs (BRLI) for ~$1.47 bln in stock.
NAV (24.76 -8.57%): Reported Q2 adj. EBITDA near low end of guidance, missed on revs; guided Q3; reaffirmed industry guidance.
VWR (25.67 -5.64%): Priced its offering of 16 mln shares of common stock on behalf of selling stockholders at $26.25/share.
Today's biggest point gainers/losers
Biggest point gainers:
BRLI (43.77 +10.81), WYNN (108.10 +6.05), SBAC (118.86 +4.65), DISH (74.89 +4.08), AMBA (99.32 +3.66), CAVM (74.37 +3.51), VISN (18.70 +2.96), FIVE (37.97 +2.87), SEDG (41.00 +2.49), JUNO (59.63 +2.41), LVS (54.89 +2.39), BF.B (99.08 +2.33), LNKD (215.45 +2.20), AMT (94.72 +2.04), MR (29.41 +1.94), ALDR (44.85 +1.88), LB (87.96 +1.80), TMUS (40.00 +1.67), CCI (83.57 +1.60), WOWO (11.91 +1.51), MYL (73.82 +1.43), NFLX (623.02 +1.36), MPEL (20.98 +1.28), CPRT (35.77 +1.22), QUNR (46.92 +1.21)
Biggest point losers:
CYBX (65.40 -4.04), SJM (114.60 -3.59), AMZN (433.13 -3.46), VRX (236.00 -3.44), MNK (126.26 -3.24), APD (145.41 -2.93), GOOGL (552.52 -2.77), WDC (95.41 -2.73), CF (319.11 -2.71), GOOG (537.69 -2.62), VRNT (63.74 -2.61), LYB (100.25 -2.53), BIIB (385.10 -2.38), LNG (69.75 -2.30), MDVN (118.43 -2.27), DDS (114.92 -2.27), NAV (24.91 -2.17), AGU (103.15 -2.02), MON (113.76 -1.99), SHAK (75.61 -1.89), MWE (60.60 -1.83), CI (138.33 -1.82), BLUE (183.00 -1.77), EGN (67.74 -1.75), OPK (17.38 -1.74)
Despite the majority of retailers missing monthly estimates (again), the group is extending yesterday's move higher in early trade. Focus appears to already be on 2H—especially after the recent slew guidance/earnings that provided lackluster view over the near-term horizon. The retail is currently outperforming the broader market with the SPDR S&P Retail ETF (XRT) +0.3% on the day (was +1.5% yesterday), vs SPX -0.4% (vs +0.2% yesterday).
Retailers that beat May Same-Store Sales estimates:
Buckle (BKE) reported May comps of 2.4% vs -1.5% consensus (does not provide EPS guidance). The stock opened 0.9% higher and is now up more than 4%.
L Brands (LB) reported May comps of 5% vs 2.7% consensus and guided June comps +LSD. The stock is now ~2% higher.
Retailers that missed May Same-Store Sales estimates:
Stein Mart (SMRT) reported May comps of 1.9% vs 3.5% consensus (does not provide earnings guidance) - stock opened lower but now is in the green.
Fred's (FRED) reported May comps of 0.3% vs 1.4% consensus. - stock is down ~0.8% in early trade.
Rite Aid (RAD) reported May comps of 2.1% vs 2.9% consensus and prelim Q1 sales below estimate - stock opened more than 2% lower but is now down ~0.5%.
Costco (COST) reported flat May comps vs 0.1% consensus (as usual no commentary) - stock is near the unchanged mark
Cato (CATO) May comps were in-line with estimates (reported flat comps)- stock opened lower but is now up 2% on the day.
Other retailers with notable recent earnings/guidance:
Conn's (CONN -2.3%) reported May comps +4%; 60-plus delinquency day rate 8.5%
Five Below (FIVE +7.5%) beats by $0.01, beats on revs; guides Q2 EPS in-line, revs in-line; raises FY16 guidance slightly, in-line
Interesting, mgland...I find the IMF economic predictions to be generally more accurate than most...jmo....
Thanks for the post...
LOL...no kidding...if you want a little walk down memory lane, just do a board search for 2011 for MCP...Highly educational...
:)
Hey Hey Hey...Hi db7...good to see you...
FXP should be really interesting on Friday...
heck, a lot of things will be in play on Friday (AKA "judgement day") for several reasons....heh..
Unfortunately we are not currently doing a gapper/tanker contest because of time contraints on my part...
sorry...
MCP...waving bye-bye...It was fun while it lasted ...Molycorp plans to file for Chapter 11 bankruptcy protection as soon as this month, after skipping a $32M bond interest payment this past Tuesday, WSJ reports.
The plan marks a dramatic turn for Molycorp (NYSE:MCP), which rode temporary concerns of a shortage in rare earths elements to a $6B market capitalization in 2011. Since then, China has relaxed restrictions on exports of rare earths, oversupplying the market.
Gapping down
In reaction to disappointing earnings/guidance/SSS: NAV -4%, VRNT -3.3%, CYBX -1.7%, SJM -1.1%, DRWI -0.8%
Select Large Pharma names showing weakness: SHPG -1.4%, GSK -1.2%, AZN -1.1%, NVS -0.9%
Select metals/mining stocks trading lower: AU -3.3%, GFI -2.4%, HMY -2.1%, BHP -1.8%, SLV -1.4%, GDX -1.2%
Other news: SGMO -6.4% (Sangamo BioSci disclosed Philip Gregory, senior vice president, research and chief scientific officer, resigned ), NBG -5.5% (concern over lack of progress in Greece), OXLC -4.7% (announces an underwritten public offering of 2.25 mln shares of its common stock ), VLTC -3.7% (modestly pulling back following yday's 48% gain), RADA -2.8% (filed for $14.95 mln offering of ordinary shares), VWR -2.6% (prices public offering of 16,000,000 shares of common stock by selling stockholder Varietal Distribution Holdings at $26.25 per share), ZQK -2.4% (disclosed resignation of Elizabeth Dolan from the Board based on her belief that she was prevented from fulfilling her duties as a director), AAOI -2.4% (files for $140 mln mixed securities shelf offering), GRBK -2.3% ( files for $200 mln offering of common stock ), BLUE -2% (Celgene and bluebird bio to develop Anti-BCMA Product Candidates; bluebird bio regains rights to CAR T programs outside of BCMA), AER -1.2% (American Intl prices sale of ordinary shares of AerCap (AER); offers 71,184,686 ordinary shares and a private sale of 15,698,588 ordinary shares to AerCap), MOH -1% (prices its offering of 5 mln share of common stock at $67.75/share)
Analyst comments: VZ -2.2% (downgraded to Neutral from Overweight at JP Morgan), JWN -1.3% (downgraded to Neutral from Outperform at Credit Suisse), DDS -1% (downgraded to Underperform from Neutral at Credit Suisse), XLNX -1% (downgraded to Market Perform at FBR Capital), WEN -1% (downgraded to Neutral from Outperform at Wedbush), OCR -0.5% (downgraded to Neutral from Buy at Goldman)
Gapping up
In reaction to strong earnings/guidance: FIVE +7.1%, JOY +1.5%, CEIN +0.6%
M&A news: BRLI +48.7% (OPKO Health (OPK) to acquire Bio-Reference Laboratories in transaction is valued at ~$1.47 bln or $52.58 per share), DARA +27.5% (announces that it has signed a merger agreement with Midatech Pharma, with DARA shareholders receiving Midatech Pharma stock upon transaction closing), TMUS +6.7% (reports it and Dish Network (DISH) are in merger talks), DISH +6.3%
Other news: AVEO +30.6% (receives EU regulatory guidance regarding potential MAA for Tivozanib), NBY +26.5% (announces receipt of 510(k) clearance from the FDA to market its novel intelli-Case with hydrogen peroxide solutions), NEON +8.8% (igned a development and license agreement with Samsung Electronics (SSNLF) to incorporate zForce CORE technology into its printer applications), VISN +7.9% (announces financing transaction for ~$11.5 mln of Series A equity led by Baidu (BIDU) unit), AMPE +7.5% (announces update of STRIDE study for the investigation of pain associated with Osteoarthritis), BH +7.4% ( Lion Fund II announces it has commenced a tender offer for up to 575K shares of BH common stock at $420/share), EYES +7% (disclosed that CGS Administrators, the Medicare Administrative Contractor for Ohio and Kentucky agreed to cover the implantation of the Argus II retinal prosthesis system for the FDA approved indications), FEYE +3.4% (co and Visa to partner to co-develop tools and services to help merchants and issuers protect against advanced cyber attacks targeting payment data), DBVT +3.4% (EMA PDCO positive opinion on the Paediatric Investigation Plan for Viaskin Peanut), FNJN +3% (received favorable rulings on motions for summary judgment, regarding its Blue Coat case), WYNN +2.9% (Credit Suisse pointed to 'green shoots' in this week's gaming data), EXAS +2.9% (Exact Sciences (EXAS) and The University of Texas MD Anderson Cancer Center announced an agreement to jointly develop and commercialize blood-based screening and diagnostic tests for the early detection of lung cancer. ), UTEK +2.8% (announced its Ultratech-CNT business unit has delivered a Phoenix G2 Batch ALD system to a major Japanese manufacturer), LVS +2.6% (Credit Suisse pointed to 'green shoots' in this week's gaming data), CS +2.5% (still checking), MUX +1.9% (filed for $200 mln mixed securities shelf offering), MCGC +1.1% (HC2 Holdings (HCHC) revised proposal to acquire MCG Capital to $5.30/share, up from prior offer of $5.25/share)
Analyst comments: ERIC +3.3% (upgraded to Overweight from Neutral at JP Morgan), FTR +0.9% (upgraded to Outperform from Mkt Perform at Raymond James)
S&P futures vs fair value: -4.50. Nasdaq futures vs fair value: -19.30.
The stock market is on track for a lower open with futures on the S&P 500 trading five points below fair value. Index futures held slim losses overnight, but the weakness intensified once markets in Europe opened for action. To little surprise, differences remain between Greece and its creditors as tomorrow's debt payment to the IMF nears.
Also of note, European bonds have continued their recent slide with Germany's 10-yr bund yield surging 14 basis points to 0.86%. Including today's move, the benchmark yield has surged 37 basis points since last Friday. Meanwhile, the U.S. 10-yr note has recovered its overnight loss and currently trades in the green with its yield down almost three basis points at 2.34%.
On the economic front, weekly Initial Claims decreased to 276,000 from a revised rate of 284,000 (from 282,000) while the Briefing.com consensus expected a reading of 280,000. Also of note, Q1 productivity data revealed a 3.1% decline (Briefing.com consensus -2.9%) while Q1 Unit Labor Costs increased 6.7% (Briefing.com consensus 5.9%).
That's a wrap for me...G'nite all....
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
RYAAY (70.68 +5.49%): Reported customer and load factor statistics for May, traffic grew 16% y/y.
SYT (94.25 +4.34%): Higher following reports that Germany's BASF (BASFY) is considering a bid for Syngenta.
LNKD (213.23 +4.11%): Added to U.S. Equity Analyst Focus List at JP Morgan.
Large Cap Losers
PEG (41.17 -2.65%): Rate sensitive names under pressure amid strength in treasuries (VTR, EQR, PCG also lower).
MMP (77.73 -1.59%): Energy underperforming with WTI crude oil -2.5% on the day (WPZ, WMB, ETE also lower).
CTRP (74.97 -2.69%): Announced that it is no longer interested in pursuing a potential M&A discussion with Qunar (QUNR).
Mid Cap Gainers
GIII (65.88 +9.64%): Beat Q1 consensus EPS estimates by $0.08, beat on revs; guided Q2 EPS in-line, revs above consensus; guided FY16 EPS above consensus, revs above consensus; Price tgt raised at Barclays, Telsey Advisory Group, others.
ASNA (15.7 +7.68%): Missed Q3 (Apr) consensus EPS estimates by $0.01, reported revs in-line; reaffirmed FY15 EPS guidance, in-line.
HALO (19.12 +6.3%): Announced a collaboration and license agreement with AbbVie (ABBV) to develop and commercialize products combining ABBV's compounds with HALO's Enhanze platform.
Mid Cap Losers
INXN (29.1 -5.83%): Reported a 18.6 mln share distribution by Baker Communications Fund II.
SABR (24.88 -4.49%): Online booking names under pressure after Lufthansa (DLAKY) announced plans to redirect its commercial strategy, including development of new booking channels.
CHK (13.56 -3.49%): Downgraded to Underweight at Alembic Global Advisors.
From Briefing.com...
Yes...all those things...heheh
Today's biggest point gainers/losers
Biggest point gainers:
LNKD (214.18 +9.37), SNCR (50.28 +7.75), PBYI (153.97 +7.32), ESPR (106.98 +6.95), PCP (218.05 +5.22), GIII (65.26 +5.17), AMZN (435.92 +4.93), AMBA (96.94 +4.73), FDX (179.93 +4.21), GWRE (51.60 +4.20), BIIB (391.65 +4.03), RVNC (29.59 +3.65), GS (209.97 +3.54), CHRW (64.72 +3.46), STCK (21.31 +3.21), ARDX (13.62 +2.92), DATA (115.52 +2.62), HRTX (25.77 +2.58), PVH (114.62 +2.53), RYAAY (69.52 +2.52), SINA (53.09 +2.48), ULTA (156.70 +2.35), JUNO (58.90 +2.33), VMW (89.96 +2.24), PRTA (44.90 +2.21)
Biggest point losers:
CHTR (173.23 -3.08), MDVN (121.02 -2.56), CTRP (75.03 -2.01), SPG (180.29 -1.86), ENR (138.47 -1.84), INXN (29.11 -1.80), NEE (100.61 -1.61), PXD (152.00 -1.49), ALXN (162.42 -1.49), IFF (114.97 -1.47), OC (41.21 -1.46), SRE (104.90 -1.40), EQR (72.49 -1.30), VRA (12.85 -1.29), Z (91.75 -1.23), TSO (84.62 -1.22), DTE (76.68 -1.16), WUBA (75.90 -1.14), SWKS (106.98 -1.14), ETR (73.98 -1.13), WPZ (54.92 -1.13), ED (59.98 -1.11), D (68.51 -1.08), DUK (73.99 -1.06), TVPT (14.71 -1.06)
A bunch of Same-Store-Sales figures will be out in the morning...be aware...
The EIA reports that for the week ending May 29:
Crude oil inventories had a draw of 1.948 mln (consensus called for a draw of about 1.9 mln)
Gasoline inventories had a draw of 0.334 mln (consensus called for a build)
Distillate inventories had a build of 3.773 mln (consensus called for a build)
Waving bye-bye to IVAN with a definite sense of nostalgia...
He has been around for a long time...
Thanks for the post sludge..
Gapping down
In reaction to disappointing earnings/guidance: VMEM -7%, NCS -3.8%, GWRE -3%, MIND -1.2%, GES -0.5%, FAST -0.5%, (reports May sales +0.3% to $314.4 mln; daily sales +5.3%)
Select metals/mining stocks trading lower: GFI -2.5%, BHP -1.8%, BHP -1.8%, RIO -0.8%, GDX -0.7%, SLV -0.7%, VALE -0.6%
Other news: CDTI -11.5% (Clean Diesel Technologies and AP Exhaust Partner to commercialize next-generation catalysts), GEVO -5.6% (announces entrance into an agreement with FCStone Merchant Services to originate and supply corn for Gevo's plant in Luverne, Minn), ORIG -5.2% (Ocean Rig UDW Inc. announces offering of common stock), NOR -4.4% (disclosed receipt of a notice of termination from Ameren advising that, effective June 1, 2020, it is terminating the December 14, 2004 Agreement), INXN -4.2% (reports a 18.6 mln share distribution by Baker Communications Fund II), FGP -3.8% (prices offering of 6,325,000 common units representing limited partner interests in FGP at a price to the public of $23.00 per unit), CTLT -1.7% (prices secondary offering of 14 mln shares of common stock by certain of its stockholders at $29.00 per share), ENDP -1.2% (announced proposed public offering of $1.75 bln of ordinary shares), .
Analyst comments: GCO -2.5% (downgraded to Sell from Neutral at Goldman), CVC -1.9% ( initiated with a Underperform at Credit Suisse), NUVA -1.6% (downgraded to Neutral from Buy at Goldman), DF -1.1% (downgraded to Equal-Weight from Overweight at Morgan Stanley)
Read more: http://www.briefing.com/GeneralContent/Platinum/Active/FullTextSearch/FullTextSearch.aspx#ixzz3c0Gmpyqd
Gapping up
In reaction to strong earnings/guidance: GIII +8.2%, WEN +4.5%, (guidance and announces $1.4 bln buyback program), NVMI +3.3%, AMBA +2.3%, BSM +1.7%
M&A news: SNCR +21.8% (reports the company is exploring a sale)
Select Bio/pharma names showing strength: OCLS +3.1%, OCLR +2.7%, GALE +2.4%, RGLS +2%, OXGN +2%, ONTY +1.5%, STEM +1.4%, .
Other news: LPTH +10% (provided update on its new infrared product line), SYN +9.6% (announces initial data that support the development of a platform of therapeutics designed to protect the microbiome from carbapenems), ARDX +7.5% (entered into a termination agreement with AstraZeneca (AZN)), MNOV +5.3% (FDA has granted it orphan drug designation to MN-166 for Krabbe Disease), OPXA +4.5% (disclosed that it has requested an additional 180-day grace period to regain compliance with NASDAQ's minimum bid price requirement), ORIG-5.1% (announced offering of common stock), AGEN +4.3% (announces that Merck has extended its collaborative research term), BIOC +4.2% (Enters Clinical Collaboration with Sarah Cannon Research Institute ), RDHL +3.3% (provides update on development pipeline), TASR +3.1% (body camera stories out overnight; London to roll out 20k body cameras), RXII +3% (granted notice of allowance for patent covering lead compound, RXI-109, for use in the eye), HRTX +2.8% (Chairman Kevin C Tang discloses purchase of 150k shares at average price of $20.62), RYAAY +2.8% (rpted May traffic), PSTI +2.2% (receives grant from Israel's MOE to market PLX Cell Therapy in Japan), RMTI +1.7% (filed for $200 mln offering of common stock), DENN +1.1% (favorable commentary on Tuesday's Mad Money)
Analyst comments: ZLTQ +3.7% (upgraded to Buy from Neutral at Goldman), GPRO +3.3% (target raised to $75 from $70 at JP Morgan), LNKD +2.8% (added to U.S. Equity Analyst Focus List at JP Morgan), NICE +1.7% (upgraded to Overweight from Neutral at JP Morgan), FTR +1.7% (upgraded to Buy from Neutral at DA Davidson), CIEN +1.1% (initiated with a Buy at Nomura), BX +1% (initiated with an Overweight at Piper Jaffray), TWX +0.9% (initiated with an Outperform at Credit Suisse), CAT +0.8% (initiated with a Buy at Societe Generale), AMZN +0.8% (initiated with a Outperform at Credit Suisse), SGNT +0.6% (initiated with a Strong Buy at Raymond James), ANET +0.5% (initiated with a Buy at Nomura)
Read more: http://www.briefing.com/GeneralContent/Platinum/Active/FullTextSearch/FullTextSearch.aspx#ixzz3c0GYMRov
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
MT (11.2 +5.86%): Sector strength in metals (VALE, FCX, NUE also higher).
DG (75.26 +3.36%): Beat Q1 consensus EPS estimates by $0.03, reported revs in-line; reaffirmed FY16 guidance.
AER (50.13 +3.92%): Launched a secondary offering of 50 mln shares on behalf of American Intl (AIG), said it would repurchase up to $750 mln of the offering.
Large Cap Losers
CTRP (77.36 -5.23%): Under pressure after Qunar (QUNR) says it rejected an unsolicited takeover proposal from Ctrip; also downgraded at Stifel.
DAL (43.42 -2.1%): Announced that May PRASM fell 5.5% y/y.
INTC (33.34 -1.68%): Downgraded to Market Perform from Outperform at BMO Capital.
Mid Cap Gainers
JUNO (60.15 +13.34%): Outperforming after AstraZeneca (AZN) said it may be interested in names in the immuno-oncology space; Juno also announced it would acquire X-BODY, a privately-held biotech.
PVH (113.24 +8.18%): Beat Q1 consensus EPS estimates by $0.12, reported revs in-line; guided Q2 EPS in-line, revs below consensus; raised FY16 EPS; reaffirmed sales ex-FX; announced $500 mln buyback.
ZION (30.47 +6.54%): Announced a corporate restructuring in conjunction with several expense and revenue initiatives; Upgraded Guggenheim, Evercore ISI, Credit Agricole, others.
Mid Cap Losers
PBYI (149.01 -12.33%): Continued weakness following the release of ExteNET trial data for neratinib.
IRM (34.86 -5.35%): Downgraded to Underperform from Hold at Jefferies.
CG (29.47 -4.84%): Announced an offering of 7 mln shares of common stock.
Yep...IMGN dropped and RXDX popped...which is perhaps the opposite of what I might have guessed,
but the bottom line is...no guessing allowed, gotta watch the chart evolve...but man they both moved big time...lol
Today's biggest point gainers/losers
Biggest point gainers:
PVH (113.09 +8.41), JUNO (60.39 +7.32), LNKD (206.53 +5.76), CBRL (145.43 +5.64), GOOG (538.08 +4.09), GOOGL (553.17 +3.96), RARE (90.27 +3.62), CXO (123.64 +3.38), RL (134.71 +3.11), SHAK (81.45 +2.76), BUD (121.74 +2.45), CONN (37.97 +2.43), WYNN (100.69 +2.40), DG (75.20 +2.39), YOKU (29.94 +2.30), BA (143.54 +2.29), KITE (56.76 +2.29), PXD (152.00 +2.23), SGEN (45.59 +2.20), MLM (149.15 +2.09), ROK (125.70 +1.87), CLR (46.40 +1.86), ZION (30.40 +1.80), ULTA (155.54 +1.67), CLLS (43.06 +1.66)
Biggest point losers:
PBYI (146.20 -23.77), CTRP (75.01 -6.63), BIIB (386.77 -6.59), ESPR (99.73 -4.31), MDVN (124.68 -3.65), TSRO (57.25 -3.52), NFLX (619.57 -3.45), VRTX (123.68 -3.12), VRX (236.26 -3.10), AMBA (91.57 -2.95), CI (140.97 -2.89), AVGO (143.91 -2.71), EQIX (267.78 -2.37), NXPI (109.76 -2.22), ANTM (165.87 -2.20), AMZN (428.74 -2.18), AET (117.51 -2.11), SPG (181.37 -2.02), RGLS (11.89 -1.89), HDB (57.73 -1.87), TSO (85.78 -1.86), BTI (107.71 -1.75), ETR (74.83 -1.75), ACT (307.45 -1.71), MOH (70.58 -1.69)
Gapping down
In reaction to disappointing earnings/guidance: SOL -6.3%, DAKT -5.4%, QUNR -2.4%, ODFL -2.1%, (announces May 2015, LTL tons per day have increased 9.6% Y/Y; co revises expectations for Q2 LTL to +9.5-10% Y/Y)
Select Airline related names showing weakness: DAL -1.9%, UAL -1.7%, LUV -1.1%
Other news: HERO -8.1% (announced rate reductions for Hercules 261, Hercules 262 and Hercules 266 contracts), RGLS -6.6% (Kleanthis G. Xanthopoulos to step down as President and CEO; Paul Grint appointed President and CEO), TUBE -5.5% (filed for $75 mln offering of common stock), CG -3.8% (files for offering of common units representing limited partner interests; announces an offering of 7 mln common units), IBN -3% (Sensex down 2.5% overnight), AER -2.7% (announced launch of an underwritten secondary offering by AIG of 50 mln ordinary shares; co to repurchase $750 mln of the shares being sold by AIG), CERU -2.6% ( announces that full data from a Phase 1b/2 investigator-sponsored trial of CRLX101 in combination with Avastin® (bevacizumab) in metastatic renal cell carcinoma, or RCC, was presented), BXMT -2.6% (announces pricing of its 10 mln offering of common stock), QTS -2.1% ( announces public offering of 5.5 mln shares of common stock), FGP -1.7% (co has commenced an underwritten public offering of 6.325 mln common units; also announced its operating subsidiary will offer $400 mln in aggregate principal amount of senior unsecured notes due 2023), IFN -1.5% (Sensex down 2.5% overnight), CEL -1% (announces controlling sharehoder announcement regarding co's possible rights offering)
Analyst comments: CTRP -4.1% (downgraded to Hold at Stifel), IRM -1.4% (downgraded to Underperform from Hold at Jefferies), INTC -0.9% (downgraded to Market Perform from Outperform at BMO Capital)
Read more: http://www.briefing.com/GeneralContent/Platinum/Active/FullTextSearch/FullTextSearch.aspx#ixzz3buRMNSva
Gapping up
In reaction to strong earnings/guidance: CBRL +4.5%, HTGM +4.2%, (also HTG Molecular Diagnostics and MD Anderson Cancer Center enter into a sponsored research agreement to investigate new molecular diagnostics for lung cancer ), CONN +4.1%, PVH +3.5%, DG +3%, MDT +0.6%, AMWD +0.4%
M&A news: TA +10.8% (enters sale leaseback transactions wtih Hospitality Properties Trust (HPT); expects net proceeds of $352 million), JUNO +1.7% (acquisition of X-BODY, Inc for initial consideration of approx $21 mln in cash and 439,265 shares ofJuno stock)
Select EU financial related names showing strength: SAN +2.3%, CS +2.3%, ING +1.9%, DB +1.7%, NBG +1.5%
Select oil/gas related names showing strength: MPET +6.8%, STO +2.3%, TOT +1.9%, SDRL +1.7%, RIG +1.6%, WLL +0.8%
Other news: AVEO +10.5% (Cigna (CI) announces will now cover Biodesix' Veristat), DRNA +8.2% (presented preliminary safety and efficacy data from DCR-MYC Phase 1 study in patients with advanced solid tumors at ASCO: Evidence of clinical anti-tumor activity seen in two patients with advanced pancreatic neuroendocrine tumors), HTGC +7.2% (announced that Robert Lake has joined the Co as chief credit officer), YGE +5.8% (announces it has been chosen as a preferred supplier to Vivint Solar (VSLR)), PLUG +5.6% (announces an expansion contract with Walmart (WMT) Canada), YOKU +4.9% (partners with Disney (DIS) for its Marvel marketing platform in China), NQ +2.6% (still checking), TS +2.5% (issues restatement for 2014), CS +2.4% (still checking), PBR +1.6% (announced the pricing of its 100-year Global Notes denominated in USD), BBRY +1.3% (slightly rebounding following yday's decline)
Analyst comments: VICL +11.9% (initiated with a Buy at ROTH Capital; tgt $4.65), ZION +5.6% (upgraded to Buy from Neutral at Guggenheim; upgraded to Buy from Underperform at Credit Agricole), SN +2.3% (upgraded to Buy from Accumulate at KLR Group ), BIG +1.8% (upgraded to Overweight from Equal Weight at Barclays), ONTY +1.3% (postive comments at Mizuho), TTMI +1% (resumed with a Overweight at JP Morgan), WLL +0.7% (initiated with a Buy at Evercore ISI), BUD +0.5% (upgraded to Positive from Neutral at Susquehanna)
Read more: http://www.briefing.com/GeneralContent/Platinum/Active/FullTextSearch/FullTextSearch.aspx#ixzz3buRBKBBG
Follow-up: NBC news now reporting all the flights affected by earlier bomb threats were deemed to not be credible
Airline stocks still showing modest losses... Airline stocks to watch: AAL, DAL, UAL, JBLU, RJET, LUV, SKYW, SAVE, VA, HA.
It's summertime, summertime, sum...sum...sumertime..YAY
See you all tomorrow...I am out of here...
:)
Airline sector lifting in midday trade...)
AAL +3.4%, DAL +3.3%, UAL +3.2%, RJET +3.1%, LUV +2.9%, JBLU +2.9%, HA +2.3%, SKYW +2.2%, JETS +2.1%, ALK +2.1%, SAVE +2%, VA +1.8%, ZNH +1.4%, CEA +0.9%
Thanks ZOZO...I have been having some trouble with my stocktwits and haven't been keeping up lately...
Today's biggest point gainers/losers
Biggest point gainers:
SINA (49.66 +8.93), OMG (33.91 +7.37), IMGN (14.78 +5.80), GEVA (217.96 +4.55), LNKD (198.81 +3.88), BIDU (201.14 +3.74), PRGO (193.59 +3.29), ALTR (51.86 +3.01), RXDX (11.95 +2.97), WHR (187.06 +2.81), AMBA (92.82 +2.61), SPG (183.94 +2.54), BMY (67.03 +2.43), YY (67.24 +2.40), QUNR (46.44 +2.35), BOOT (26.78 +2.32), PANW (171.74 +2.25), CTRP (82.11 +2.24), ACT (309.01 +2.20), SLG (120.79 +2.13), FRT (136.56 +2.09), LMT (190.29 +2.09), AWAY (30.06 +1.99), GPRO (57.45 +1.99), STZ (119.83 +1.94)
Biggest point losers:
PBYI (187.09 -8.36), MRTX (29.74 -6.92), SHAK (77.31 -5.50), NFLX (620.58 -3.48), BLUE (191.38 -2.87), WYNN (98.54 -2.15), ESRX (85.21 -1.93), CLVS (90.65 -1.79), MDVN (130.40 -1.65), MBLY (45.49 -1.59), BIIB (395.41 -1.58), AGU (102.41 -1.56), AVGO (146.52 -1.55), BMRN (124.06 -1.51), NBIX (42.47 -1.39), RDS.B (59.31 -1.38), TSLA (249.45 -1.35), TDW (23.21 -1.33), ASML (111.03 -1.27), FFIV (124.48 -1.21), RDS.A (58.56 -1.16), PKG (68.02 -1.16), DYAX (25.19 -1.15), BUD (119.45 -1.11), SNCR (42.95 -1.09)
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
ALTR (51.81 +6.06%): Finally confirmed reports it would be acquired by Intel (INTC) for $54/share, or ~$16.7 bln.
BMY (66.97 +3.67%): Rebounding from Friday's steep decline on the heels of further updated trials results; co also announced FDA acceptance of the BLA for Opdivo +Yervoy regimen, in patients with previously untreated advanced melanoma.
LNKD (201.95 +3.6%): Outperforming following renewed activist chatter.
Large Cap Losers
JNPR (26.97 -2.99%): Downgraded to Sell from Neutral at MKM Partners; tgt $22.
BRCM (55.77 -1.9%): Pulling back following confirmation of Intel (INTC)/Altera (ALTR) deal; some had speculated Intel may offer a competing bid for Broadcom following last week's announcement it would be acquired by Avago Tech (AVGO).
MGM (19.63 -2.09%): Casino names underperforming following data out of Macau that gross gaming revenues fell 37% y/y.
Mid Cap Gainers
SINA (50.69 +24.45%): Announced an agreement with its Chairman and CEO for a $456 mln investment in the form of newly issued shares.
GPRO (58.44 +5.37%): Announced the availability of its new HERO+ LCD camera, which features a touch screen display.
SF (54.86 +3%): Reports out it is in talks to purchase Barclay's (BCS) wealth management division.
Mid Cap Losers
ENBL (16.8 -5.62%): Announced that Lynn Bourdon has submitted his resignation and stepped down from his positions as President and CEO.
SHAK (78.89 -4.73%): Continued weakness following an additional cautious mention on Mad Money; shares down 18% since 5/22.
BBRY (9.48 -3.27%): Announced a settlement with Typo to resolve their outstanding litigation.