Large Cap GainersGPS (40.7 +7.81%): Reported October same store sales rose 4%; sees Q3 EPS of $0.70-0.71 vs $0.66 estimate, revs of $3.98 bln vs $3.96 bln estimate; target raised to $45 from $44 at Canaccord Genuity SCHW (23.76 +4.39%): Seeing reports that co said it is closer to adding ETFs and 401(k) retirement plans MET (49.6 +4.22%): Strength following rise in yields due to positive jobs data (MET has a large bond portfolio) Large Cap Losers TI (9.06 -4.43%): Downgraded to Neutral from Buy at Natixis BleichroederTSLA (134.45 -3.81%): Continued weakness following a third fire in a Model S HCN (60.14 -2.10%): Priced EUR 550 mln in aggregate principal amount of 4.8% senior unsecured notes due November 20, 2028 Mid Cap Gainers - UBNT (43.3 +16.46%): Beat quarterly EPS by $0.06 ($0.46 vs $0.40 estimate), revs rose 110.9% yoy to $129.7 mln vs $119.82 mln estimate; sees Q2 EPS of $0.42-0.46 vs $0.40 estimate, revs of $130-136 mln vs $123.07 mln estimate
- SLXP (82.84 +16.17%): Acquired Santarus (SNTS) for $32 per share, expected to be accretive in 2014; upgraded to Neutral at Janney
- RVBD (17.43 +15.35%): Elliott Assoc. disclosed a 5.8% active stake in the company, believes it is "significantly undervalued"
Mid Cap Losers - NSM (37.62 -7.68%): Downgraded to Equal Weight from Overweight at Morgan Stanley and Evercore; downgraded to Neutral from Buy at Sterne Agee; target lowered to $45 at FBR Capital
- LEN (32.67 -4.60%): Announced pricing of $250 mln of 7.00% senior notes due 2018
- SWY (32.5 -4.50%): Seeing rumors that activist investor has a negative outlook on the company; also seeing reports that co is in talks with unions, concerns of a potential strike
12:05PM S&P +15 and Nasdaq Comp +52 set new highs, Dow +85 continues to lag today ( SPY) :
11:58AM European Markets Closing Prices ( SUMRX) : European markets are now closed; stock markets across Europe performed as follows:- UK's FTSE: + 0.2%
- Germany's DAX: 0.0%
- France's CAC: -0.5%
- Spain's IBEX: + 0.1%
- Portugal's PSI: -1.2%
- Italy's MIB Index: + 0.5%
- Irish Ovrl Index: + 0.2%
- Greece ATHEX Composite: -0.2%
11:37AM Lennar: Rialto segment announces pricing of $250 mln of senior notes due 2018 ( LEN) 32.62 -1.62 : Co announced that its wholly-owned subsidiaries, Rialto Holdings, LLC and Rialto Corporation, had priced an offering of $250 million of senior notes due 2018. The Notes will have an interest rate of 7% and will be issued at a price of 100% of their face value. Rialto intends to use the net proceeds from the offering of the Notes primarily to provide working capital to its subsidiary, Rialto Mortgage Finance, LLC, and for investments in funds or entities managed or advised by Rialto Capital Management, LLC or its subsidiaries. Rialto also intends to use a portion of the proceeds to repay sums previously advanced by Lennar. To the extent the proceeds are not used for these purposes, Rialto will use the proceeds for general corporate purposes.
11:37AM Small-/mid-caps along with Nasdaq Comp +46 and S&P +13.7 set new highs ( TECHX) :
11:29AM Stocks/ETFs that traded to new 52 week highs/lows this session - New highs (153) outpacing new lows (67) ( SCANX) : Stocks that traded to 52 week highs: ABMD, ABTL, ACET, ADES, AL, ARAY, ARC, ARCW, ARW, AWH, AXAS, BAS, BBNK, BK, BKOR, BOH, BRS, BUSE, BXS, CAE, CATO, CB, CBU, CBZ, CHMP, CLGX, CMA, CNO, COLB, CPLA, CSE, CSFL, CVBF, CVO, CW, CYN, DAVE, DENN, DHR, DXCM, DXPE, EBS, ECPG, ELN, ENDP, ENG, ENL, ENSG, FARO, FCF, FCNCA, FMBI, FSS, GBCI, GIVN, HAFC, HALO, HBHC, HEOP, HOMB, HRS, HTGC, IBCP, IBKC, IBKR, IBTX, ICE, IL, IPXL, ITG, IVC, JAZZ, JNS, KEQU, KEY, KONA, KOP, LCI, LDRH, LIFE, LION, LIOX, LKFN, LNC, MAG, MBFI, MFC, MHH, MSO, NBCB, NBTB, NILE, NNI, NUTR, NYX, OESX, OILT, ONB, ORBC, OZRK, PACW, PAGP, PFG, PFS, PKD, PLXT, PNFP, PRGO, PRU, PVTB, PZN, RCKB, RDA, RENT, RGEN, SBNY, SCBT, SFE, SFG, SFNC, SGMS, SLF, SLXP, SMG, SNTS, SPW, SRCE, STBZ, STL, STLD, STT, SUBK, SUNE, TAYC, TCBK, THFF, THR, TISA, TX, UBNT, UBSI, UMBF, UNM, UTHR, VCBI, VET, VIVO, WABC, WACLY, WAL, WLK, WNRL, WTFC
Stocks that traded to 52 week lows: AEZS, ALDW, AMSC, AUO, AVB, BIND, BIOS, CBL, CCG, CDE, CLI, CMLP, CPL, CPT, CRTO, CTL, CVI, CYNI, DARA, DLR, DRD, DRWI, EQIX, EVOK, EZPW, FMI, FMX, FUEL, GRT, HME, HMSY, HTS, JVA, KOF, LAYN, LPL, MBLX, MFLX, MITT, NATL, NES, NGD, NLY, NTWK, NUAN, OIBR.C, OMED, ONTX, OXF, PRXI, QTM, RIOM, RNIN, RYN, SA, STEM, TCO, TGD, THST, TORM, TRMR, VICL, VITC, VIV, WPRT, XLRN, YUME
ETFs that traded to 52 week highs: IAI, KIE, KRE
ETFs that traded to 52 week lows: DBC, DJP, RJA |
