08:19 Gapping Up this morning:
In reaction to strong earnings/guidance: RVBD +12.8% (also announced a 2-for-1 stock split to be effected in the form of a stock dividend; upgraded to Buy from Hold at Jefferies), ACTG +11.3%, FTNT +9.9%, ATHN +9.9% (light volume), XXIA +6.5% (also upgraded to Buy at Wunderlich), ERIC +6.5%, AFOP +6.2% (thinly traded), ESIC +5.6% (thinly traded; also acquires PGiSend and PGiNotify businesses from Premiere Global Services for $105 million in cash), CPWR +5.4%, SNDK +5.3%, BPOP +4.8%, CMG +4.6%, PLCM +4.4% (also upgraded to Outperform from Market Perform at Wells Fargo), CPHD +3.9%, BIDU +3.6% (also upgraded to Overweight from Neutral at Piper Jaffray), GPRE +3.4%, CA +3.4%, KEY +2.4%, SLB +1.5%.
M&A news: CLRT (still halted; GE Healthcare to acquire cancer diagnostic company for $5/share).
Select financial related names showing strength: IRE +4.1%, RBS +2.2%, LYG +2.1%, AIG +1.7% (discloses that AIA Group has determined the price for its public offering of ~7.03 bln ordinary shares at HK$19.68), ING +1.6%, HIG +1.1%, NBG +0.9%.
Select oil/gas related names showing strength: RIG +1.1%, APC +1.0%, RDS.A +1.0%.
Other news: RITT +29.9% (still looking around for catalyst), DVAX +6.8% (Dynavax Technologies demonstrates superior seroprotection in diabetics compared to Engerix-B), HTZ +3.0% (still checking), CY +2.2% (Cramer makes positive comments on MadMoney), AZK +1.0% (ticking higher; reports 3Q10 operating results: 29,905 oz of gold; lowers Casa Berardi production guidance), EBAY +1.0% (continued strength following earnings yesterday).
Focus Focus Focus Focus !!!!
AI
