Futs soft, Europe lower, gold flat, oil higher, dollar lower
Higher
Earnings: TACO +13.6% (must be all them illegals), TTS +10.7%, SONC +5.7%, IHG +5.5%, GIG +4.3%, HSTM +3.7%, FLEX +3.1%, CE +1.6%, VZ +1.6%, SAP +1.5%, VLRS +0.8%, TRV +0.6%
TMH +21.9% (AmSurg (AMSG) confirms proposal to acquire TeamHealth for $71.47/share, or ~$7.8 bln), SNDK +8.7% (WDC buyout offer rumors)), YUM +6% (to split into two disgusting companies)
Miners are the shit this morning: AU +3.1%, IAG +2.1%, GOLD +2%, ABX +1.6%, GDX +1.4%, GG +1.3%, SLW +1.1%
ERII +135% (signed a 15 yr deal with $SLB), ONE +42.5% (sold its Campus Labs data analytics business to Leeds Equity Partners, for $91 mln in cash), CRBP +34.1% (FDA nonsense), RXII +10.8% (drugs are good), KITE +3.5% (some bullshit deal), ATRA +1.9% (more FDA shit), SKX +1.7% (mystery)
Analyst jargon: RCPI +8.4% (initiated with a crack at Maxim Group; tgt $4), WTW +6.1% (upgraded to Oprah Fat from Underweight at Barclays), TSEM +5.1% (initiated with a Heroin at Drexel Hamilton), RESN +3.1% (initiated with a Cocaine at Drexel Hamilton), BLUE +2.3% (initiated with a Doesn’t Suck at Oppenheimer; $162 tgt), GOLD +2% (upgraded to Cool kids from Nerd at Deutsche Bank), CPE +1.7% (initiated with a God Like Status at Canaccord Genuity), ADRO +0.7% (initiated with an H.A.M. at Oppenheimer), PFE +0.7% (upgraded to Real Talk from Market Perform at Cowen)
Lower
Shameful earnings: RMBS -16.5%, HOG -8.6%, HXL -8.3%, VAR -5.7%, IBM -4.4%, IEX -2.2%, WIBC -1.4%, WWW -1.2%, ETN -1.1%, SIX -0.8%, ELS -0.6%, LMT -0.5%
WDC -1.9% (Bloomberg reporting co is in discussion to waste lots of money on SNDK)
Select oil/gas related names showing early weakness: TOT -1.2%, BP -1%, RDS.A -0.8%
NEOS -13.7% (FDA hates them), ZGNX -7.4% (FDA stuff), MSB -4.9% (somehow CLF is fucking them), SGY -1.4% (shelf life)
Analyst nonsense: ENPH -7.2% (downgraded to Complete Shit from Hold at Deutsche Bank), AZN -1.7% (downgraded to Whorish Bad at Credit Suisse), VRX -2.2% (downgraded to Better off Dead from Sector Outperform at CIBC), CALM -1.1% (downgraded to Egg Farts from Overweight at a boutique firm), TS -0.8% (downgraded to Switzerland from Germany at Citigroup), DO -0.8% (initiated with a Worth Nothing at Citigroup), PH -0.7% (downgraded to Meh from Buy at Citigroup)
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