Gapping Up
Gapping up on earnings/guidance: VDSI +10.7%, LOJN +5%, HD +3.3%, ORCT +2.5%, SCMR +2.1%... Other News: ESLR +12% (announces $100 mln sales agreement; also Piper conference), ALNY +12% (new collaboration with NVS), TXRH +6.1% (mentioned positively in Barron's Online), RDY +5.5% (momentum), RSH +5.4% (C.E.O. to resign; BofA upgrade), PTIE +5.2% (momentum), TLS +4.9%, ARDI +3.8%, MHX +3.7% (to be acquired), CHB +3.7%, GPS +3.6% (Deutsche upgrade; also Cramer positive on the name), PEIX +3.6%, TASR +3.2% (positive Merriman note), FLEX +3.3% (TWP upgrade), NWL +3.1% (Mad Money mention), TOL +2.9% (mentioned positively in Barron's Online), SNDA +2.7%, RIMM +2.2% (positive articles over the weekend), MRK +2.1% (wins federal VIOXX case), XMSR +2% (Janco upgrade)... Oil & Gas stocks are higher as crude oil is seeing a hefty rally on the heels of conitinued militant activity in Nigeria: ECA +4.4%, XTO +4%, UPL +3.8%, SU +3.3% (Emerson deal - bizjournals.com), SSL +3.3% (also Citigroup upgrade), BRG +3.1%, VLO +2.5%, PVX +2.5%, GW +2.4%, CHK +2.1%... Bird flu stocks are higher on Hungary cases: HEB +9%, SVA +8%, NVAX +3.3%, BCRX +3.2%, GNBT +3.1%... Under $3: INFO +31% (extends Friday's 118% move), GTCB +21%, NASI +15% (gets China FDA approval), VRA +14% (gets approval in Sweden), MEMY +13% (reports Q4), CMGI +2.8%.