Gapping up:
In reaction to strong earnings/guidance: SIHI +11.1%, (light volume), EBIX +4.2%, PUDA +2.9%, XLNX +2.1% (ticking higher).
M&A news: LZ +27.1% (to be acquired by Berkshire Hathaway for $135 in cash, ~28% premium to Friday's close), AHII +8.4% (Animal Health Intl to merge with privately held Lextron for $4.25 per share, ~11% premium to Friday's close ), KSP (K-Sea Transportation to be acquired by Kirby for $8.15 per share)..
Select solar related names showing strength (seen as safer alternative to nuclear power in wake of Japan disaster): LDK +6.2%, SOL +6.2%, STP +5.7%, SPWRA +4.9%, JASO +4.6%, WFR +4%, FSLR +3.9%, TAN +3.8%.
A few LZ related names ticking higher: NEU +2.2%, ASH +2.1%, WLK +1.0%
Other news: CAGC +20.6% (forms special committee to to investigate certain allegations made by third parties with respect to the co and certain related issues; will not meet its 10-K filing deadline), CIGX +18.6% (continued momentum), NBG +11.1% (European bank stocks strong following EU agreement on new bailout terms ), APWR +10.6% (wins $30.5 mln contract to build biomass power plant in China), PWER +7.6% (as commenced shipping inverter products from its Shenzhen, China manufacturing and design facility), MI +1.9% (issues response to letter from Wisconsin Union Group threatening to boycott M&I ), WLK +1.9% (still checking).
Analyst comments: JDSU +2.1% (upgraded to Buy from Hold at Citigroup), LULU +0.7% (upgraded to Buy from Hold at ThinkEquity).
Gapping down:
In reaction to disappointing earnings/guidance: TNDM -10.2%.
Select uranium related names showing weakness: UEC -20.6%, DNN -19.1%, URRE -18.1%, URG -16.7%, CCJ -12%, .
Select rare earth stocks trading lower: SHZ -7.3%, MCP -1.8%.
Select Japan related names under continued pressure: HIT -14.3% (discloses buildings and production facilities have suffered damages, mainly at production bases in Ibaraki prefecture), SNE -8.3% (discloses operations affected by Pacific Coast of Tohoku Earthquake, tsunami and related power outages ), PC -7.9%, TM -6.4%, CAJ -6.3%, MFG -5.9%, HMC -5.9%, MTU -5.9%, .
Other news: SHAW -10.4% (co issued statement saying that at this time, does not believe there will be an impact on Shaw's nuclear projects currently under construction in the United States and China), CBPO -6% (still checking), AFL -4.1% (Aflac Japan corporate offices fully operational; Expected Impact on Japan Sales Minimal; Co affirms 2011 operating EPS Target; at the low end of 8-12% operating earnings growth for 2011), GE -2.3% (releases annual report), MDT -1.8% (Cramer makes cautious comments on MadMoney), PODD -1% (files for $150 mln mixed shelf offering ), BAC -0.6% (under pressure following reports that an anonymous group is planning to release company emails).
Analyst comments: TOL -2.3% (light volume, downgraded to Sell from Hold at Stifel Nicolaus), LVS -1.6% (downgraded to Hold from Buy at Jefferies), OPEN -1.7% (downgraded to Neutral from Buy at Merriman).
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