dollar crushed by 0.55% v euro, NASDAQ futs up 8, oil flat
Higher
Kick-ass earnings: BAC +2.8%, ADTN +1.9%, DAL +1.6%, LLTC +1.8%, CSX +1.6%, WFC +1.0%, PNC +0.2%
M&A related: SNDK +10.1%; report out they hired banksters to arrange a sale
Euro-trash banks: CS 1.7%, DB 1.5%, HSBC 0.5%
More Euro-trash, this time pharma: SHPG +2.7% (initiated with a Nutella Good at Northland Capital), NVS 1.1%, GSK 1%, AZN 1%
Metals and Miners higher: RIO +2.6%, BBL +2.3%, MT +2.2% (initiated with a check this shit out at Berenberg), VALE +1.9%, GOLD +1.6%, FCX +1%, SLV +0.9%, BHP +0.3%
Euro-Trash oil: SDRL +3.8%, STO +1.6%, RIG +1.5% (higher despite downgrade from bucket shop, Seaport Global Securities), RDS.A +1.1% (upgraded to God Amongst mortals at Argus; tgt $73), BP +0.9%.
Random shit: CASI +14.7% (orphan bullshit…europe), TRIP +10.2% (Did a deal with the man, at PCLN), ZFGN +4.1% (after dropping a gazillion points the past two days, this garbage is up now), ZEN +3.5% (acquires some piker company), MU +2.3%; up on SNDK deal talk or INTC eps beat), AKRX +1.7% (boring), STON +1.6% (CRAMER PUMP), HABT +1.4% (Wells Fargo discloses monster stake), CQP +1.3% (Blackstone takes 5.5% active stake)
Analyst nonsense: MCD upgraded to this isn’t poison anymore at some random boiler room, PBMD +10.7% (initiated with a Cool Shit at H.C. Wainwright; tgt $3), ADI +1.7% (upgraded to Everything is Awesome from Boring at BMO Capital), ECA +1.3% (initiated with a Holla at Your Boy at Deutsche Bank), DYAX +0.6% (upgraded to The Good Shit from Skunk Weed at Leerink Partners), MNK +0.5% (initiated with a Jammin’ at Northland Capital), AXTA +0.5% (initiated with a Blue Horse Shoe Buy at RBC Capital Mkts), HAIN +0.5% (initiated with an Crack at Cowen), VFC +0.3% (upgraded to BUY THIS NOW at Piper), XON +1% ( initiated with a This Can Go Either Way at BofA/Merrill).
Lower
Shitty earnings: CPHD -13.5%; this company is a huge piece of shit (also downgraded to piece of shit at Raymond James; target lowered to $47 at Needham), CFX -9.9% HAWK -6.1%, HASI -4.4% (dilutive offering to boot), INTC -2.6% (also upgraded to pretty good from meh at Summit Research), ASML -2.4%, OZRK -1.6%, JPM -1.4%.
AG -9.8%; nonsense company, DOC -4.9%; no one really cares, NVCR -3.3%; recent IPO, time to crush shareholders, BRG -1.6% (financial engineering horseshit), RCL -1.3% (mystery!), IRWD -1% (phase 3 lotto), COP -0.6% , AAPL -0.5%; Tim Cook is still gay and dating, )
Analyst dart throws: GPRO -1.7% (downgraded to garbage from treasure at Piper Jaffray), UA -1.3% (downgraded to huge pile of shit at Piper Jaffray), DISCA -1.1% (ticking lower; downgraded to no opinion from this is great at Macquarie), TWTR -0.9% (downgraded to laughable from buy at JMP Securities), ORCL -0.8% (downgraded to snooze fest from awesome party at JMP Securities), WLL -0.4% (downgraded to turd from good stufff at Deutsche Bank).
If you enjoy the content at iBankCoin, please follow us on Twitter
TRIP is GARP, yess
Yup. You nailed it.