Gapping up
In reaction to strong earnings/guidance: ZOOM +7.1%, WDFC +4.0%, C +1.5%.
M&A news: AGAM +40.4% (AGA Medical to be acquired by STJ for $20.80 per share in a cash and stock transaction valued at ~$1.3 bln; STJ to repurchase $600 mln of its common stock).
Other news: CTDC +24.0% (to increase production with capacity expansion plan for crystalline PV modules), ARWR +23.1% (Arrowhead Research portfolio co, Nanotope, enters agreement with Smith & Nephew for the license and development of cartilage regeneration technology), ISTA +22.1% (receives FDA approval for BROMDAY ), PIP +10.7% (continued momentum), PPHM +8.5% (reports promising interim survival data from phase ii cotara brain cancer study), STX +6.3% (continued momentum from Friday's 2+ point jump), AGN +6.0% (BOTOX approved by FDA as prophylactic treatment option for adult chronic migraine sufferers), NVMI +4.9% (adds an additional standalone optical CD customer order valued at ~$4 mln), ISLN +4.6% (ticking higher with strength attributed to article out over the weekend suggesting co as takeover target), UNTD +3.3% (Hearing related to cross imbalance at the close), ISPH +2.8% (Cramer makes positive comments on MadMoney), PRGS +2.7% (still checking), AIG +1.8% (discloses that AIA Group announced details of a global offering and proposed listing of AIA's shares), BP +0.4% (reached agreement to sell its upstream businesses and associated interests in Venezuela and Vietnam to TNK-BP for $1.8 bln).
Analyst comments: HUN +2.4% (upgraded to Buy from Hold at Jefferies).
Gapping down
In reaction to disappointing earnings/guidance: PETS -11.3%, SUPX -6.3% (thinly traded), PHG -5.1%, HAL -3.3%.
M&A news: NIHD -4.7% (NII Holdings and Televisa mutually agree to terminate investment agreement).
Select metals/mining stocks trading lower: BBL -3.0%, RIO -2.5% and BHP -1.7% (ended its iron ore JV), EGO -1.5%, GFI -1.4%, PAAS -1.3%, GG -1.2%, NGG -1.2%, GOLD -1.1%, GDX -1.1%, GLD -1.1%, NEM -1.0%, AUY -0.9% (downgraded to Sector Perform from Outperform at Scotia Capital).
Other news: FLR -4.2% (announces $0.90 per share charge due to increased costs of Greater Gabbard Offshore Wind Project; lowers FY10 EPS guidance to $2.20-2.50 vs $3.05 consensus), HEAT -3.5% (files $100 mln mixed securities shelf offering ), LULU -2.2% (trading modestly lower following cautious mention in finance/investor newspaper over the weekend), URI -1.7% (scheduled to report next week), UL -1.4% (still checking), F -0.9% (ticking lower on reports out over the weekend that the co may sell its stake in Mazda).
Analyst comments: ANR -2.1% (downgraded to Neutral from Buy at Goldman), ALTR -1.9% (downgraded to Sector Perform from Outperform at RBC), OAS -1.6% (downgraded to Neutral from Buy at UBS).