Gapping up
In reaction to strong earnings/guidance: ARUN +7.9%, SPRD +5.9%, LTD +5.1% (also declares $3/share special dividend and authorizes $200 mln repurchase program), DRYS +4.0%, NTAP +4.0% (rebounding after the stock dropped 4 points in late trading following early release of earnings prior to stock halt; added to Short term Buy list at Deutsche Bank ), ,NTES +3.5%, CSIQ +3.3%, PLCE +0.7%.
M&A news: LTXC 35.5% (Verigy merges with LTC Credence; Expects annualized synergies of at least $25 mln).
Select financial related names showing strength: IRE +11.1% and AIB +6.5% (Talks are underway in Dublin between the ECB and IMF officials), PMI +5.3%, ING +3.9%, LYG +3.6%, STD +3.6%, BCS +3.5%, RBS +3.2%, DB +2.9%, ITUB +2.9%, BPOP +2.5%, MBI +2.5%, HBC +2.3%.
Select metals/mining stocks trading higher: PAL +7.6% (North American Palladium provides LDI exploration update: New zone discovered; offset and Cowboy zones extended), EXK +6.5%, HL +6.4%, SVM +5.5%, GGB +4.3%, RIO +4.2%, SLV +4.0%, MT +3.1%, FCX +3.0%, GDX +2.5%, BBL +2.2%, BHP +2.1%, SLW +1.7%, GLD +1.6%, AU +1.5%, GFI +1.4% (provides update on South Deep strike)... Select uranium names also trading notably higher: UEC +9.2%, URRE +7.2%.
Select oil/gas related names showing strength: HAWK +6.5%, LNG +5.9%, TOT +2.3%, BP +2.2%, RDS.A +2.1%, USO +1.6%, .
Select solar names trading higher following CSIQ results and SPWRA guidance: JASO +3.2%, TSL +3.1%, JKS +2.3%.
Select shippers getting boost from DRYS results: EXM +4.7%, FRO +2.1%, DSX +2.1% (receives delivery of the post-panamax dry bulk carrier M/V Alcmene and time charter contract for M/V Aliki), SB +1.0%.
Other news: EXEL +22.9% (reports promising interim data from patients treated with XL184 with Ovarian Cancer and Castration-Resistant Prostate Cancer), SODA +13.0% (recent IPO ticking higher; GM IPO priced at high end), DNDN +8.7% (confirms details surrounding MEDCAC hearing today), CTIC +3.1% (EMA validates and accepts MAA for Piruvri), AXL +2.7% (Cramer makes positive comments on MadMoney), F +1.9% (General Motors officially prices IPO at $33/share; Ford Motor to change stake in Mazda to 3.5% from 11%; both companies remain committed to strategic partnership), JCI +1.6% (Cramer makes positive comments on MadMoney),
Analyst comments: CRH +4.8% (upgraded to Buy from Hold at ING Group), GLNG +3.8% (upgraded to Buy from Neutral at Goldman), QCOM +1.9% (upgraded to Outperform from Neutral at Credit Suisse), MOT +1.1% (initiated with a Buy at Stifel Nicolaus), CMG +0.7% (initiated with a Hold at Miller Tabak).