Naz News, Gappers and FLE's

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Gapping up


In reaction to strong earnings/guidance: AVAV +4.5%, STZ +2.6%, GIS +1.7%, SBLK +0.5%

M&A news: CB +31.9% (ACE (ACE) will acquire Chubb for ~$124.13/share in cash and stock), ACE +7.2%, GPT +3.3% (Gramercy Property Trust and Chambers Street Properties (CSG) to merge; combined company will have an enterprise value of $5.7 bln)

Other news: TLOG +45.3% (announced positive preliminary data from the ongoing Phase 2A study of birinapant in combination with azacitidine in first line higher risk myelodysplastic syndromes), BIOC +19.6% (announced the launch of its FGFR1 amplification testing utilizing a patient's blood sample), ESI +15.9% (disclosed submission of its audited consolidated financial statements to the U.S. Department of Education on June 26, 2015, ahead of the June 30 due date), PRAN +13.7% (cont strength), NBG +13.3% (optimism that Greece will accept latest terms), TBIO +7.8% (announces a private placement of 1.5 mln restricted common shares with Crede Capital Group for $1.42/share), PDEX +6.8% (still checking), MBI +6% (Reuters reporting that Puerto Rico's PREPA utility is close to a deal with creditors to avoid a default; MBI has exposure to Puerto Rican debt), GLNG +5.8% (reached an agreement with Perenco for the floating liquefied natural gas export project in Cameroon), FRO +5.3% (may be benefitting from Greece news), RDHL +5.2% (receives two notices of allowance from the USPTO for RHB-104), KITE +5% (Kite Pharma and The Leukemia & Lymphoma Society announce a partnership to enhance the development of Kite's lead product candidate, KTE-C19), TRV +3.8% (CB, ACE peer), TTM +3.6% (reports June 2015 total commercial and passenger vehicle sales), WYNN +2.9% (Macau data), FIT +2.9% (cont vol post IPO), LVS +2.9% (Macau data), KMDA +2.9% (granted patent by the Israeli Patent Office that covers claims regarding the unique combination of Kamada's inhaled alpha-1 proteinase inhibitor with a customized eFlow nebulizer system), AIRT +2.6% (awarded contract in excess of $32 mln for the supply of 2200 aircraft deicing vehicles to American Airlines), IHG +2.5% (still checking), JUNO +1.9% (cont momentum), FEYE +1.6% (cont momentum), MRH +1.5% (Montpelier Re and Endurance Specialty shareholders vote in favor of the proposed merger)

Analyst comments: NVGN +8.5% (initiated with a Buy at H.C. Wainwright; tgt $8.50 ), VIP +4.6% (upgraded to Buy from Neutral at BofA/Merrill), CS +1.8% (upgraded to Overweight from Equal-Weight at Morgan Stanley ), Z +1.8% ( initiated with a Buy at Guggenheim), AINV +1.3% (initiated with a Buy at Jefferies ), FB +1.2% (raised to $100 from $92 at Cantor Fitzgerald)



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