Блог компании DayTraderClub | Америка сегодня. Динамика цен Экспорт/Импорт.

Overnight Treasury Summary

Treasuries Rally as Dollar Drops Again

• U.S. Treasuries are trading significantly higher this morning and yields, which move inversely to prices, have touched multi-week lows across the curve as the U.S. dollar falls sharply. After trading up to 102.95 on Wednesday, the U.S. Dollar Index is now losing 0.93% at 100.81. Some investors are complaining that President-Elect Trump did not discuss plans for fiscal expansion at his press conference on Wednesday but the markets have been quite optimistic on that front and were setting themselves up for disappointment. U.S. economic data releases are again limited today but FOMC voters Yellen, Evans, and Harker will make public remarks and the Treasury will sell $12 bln of 30-year bonds at 13:00 ET. The S&P 500 is set to open down 0.25% to 2,269.9 and WTI crude is up 1.22% to $52.89/bbl. Gold is up 0.64% to $1,204.3/troy oz. on the dollar weakness and lower Treasury yields
• Yield Check:
  
  • 2-yr: -3 bps to 1.16%
  • 5-yr: -3 bps to 1.85%
  • 10-yr: -4 bps to 2.34%
  • 30-yr: -3 bps to 2.93%

• International News:
  
  • China's banks extended 1.04 tln yuan of new loans in December, up from 794.6 bln yuan in November. Economists had expected a decline 
    
    • China's money supply, as measured by M2, grew 11.3% in the year to December, just missing forecasts and slowing from November's 11.3% growth
  • Japan's Economy Watchers Current Index beat forecasts by remaining unchanged at 51.4 for December
    
    • Bank lending grew by 2.6% y/y in December, beating both forecasts and November's 2.4% growth
    • Japan's seasonally adjusted current account surplus narrowed less than expected in November to JPY1.80 tln from JP1.93 tln
  • India's consumer price index rose by 3.41% y/y in December, falling more than expected from November's growth of 3.63%
  • In the eurozone, industrial production jumped by a better-than-expected 1.5% m/m in November (3.2% y/y) after ticking up by 0.1% in October
  • Germany's economy grew by 1.9% in 2016 (1.7% in 2015), its fastest rate in five years, edging past economists' estimates. Germans vote in national elections this fall
  • Italian industrial production grew 0.7% m/m in November (3.2% y/y), beating both estimates and October's 0.1% increase
  • French CPI and HICP (harmonized index of consumer prices) growth was finalized at 0.3% m/m for December, in line with the initial readings and November's growth rate
  • Brazil's central bank cut its main policy rate by more than expected on Wednesday afternoon to 13.00% from 13.75%

• Data out Thursday:
  
  • December Import prices ex-oil and Export prices ex-ag. (08:30 ET)
  • Initial Jobless Claims for the week ending 1/7 and Continuing Jobless Claims for the week ending 12/31 (08:30 ET)
  • Natural Gas Inventories for the week ending 1/7 (10:30 ET)
• Fed Speakers:
  
  • Philadelphia Fed President Harker (FOMC voter) (08:30 ET)
  • Chicago Fed President Evans (FOMC voter) (08:45 ET)
  • Atlanta Fed President Lockhart (non-FOMC voter) (12:30 ET)
  • St. Louis Fed President Bullard (non-FOMC voter) (13:15 ET)
  • Fed Chair Yellen (FOMC voter) (17:30 ET)
• Treasury Auction:
  
  • $12 bln 30-year Treasury reopening (results at 13:00 ET)

 Mizuho provides top E&P and midstream picks for 2017  (74.91)Mizuho expects the tailwinds of a commodity price/volume recovery and generally improved energy regulatory backdrop to outweigh headwinds of higher interest rates and uncertainty on corporate tax reform, FERC pipeline regulations, service cost inflation and the impact of associated gas production growth. Their top E&P picks are FANG, NBL, RICE and SWN. Their top midstream MLP picks are VLP, PSXP, MPLX and EEP.

 PPL Corp repeats FY16 & FY17 guidance following analyst/investor meeting  (34.24)

• Co reaffirms guidance for FY16 (Dec), sees EPS of $2.30-2.45 vs. $2.36 Capital IQ Consensus Estimate.
• Co reaffirms guidance for FY17 (Dec), sees EPS of $2.05-2.25 vs. $2.16 Capital IQ Consensus Estimate.

 Nevsun Resources reports its operating results for the year ending December 31; Bisha production exceeded supergene copper guidance producing 55.8 mln pounds at a C1 cash cost of $1.03/payable pound sold  (3.32)

2016 Performance Highlights

• Achieved top quartile safety performance at Bisha with no lost time injuries
• Completed the acquisition of the high grade Timok copper-gold project in Serbia
• Successfully integrated, ramped-up and are now rapidly advancing the Timok project to production
• Completed the Bisha zinc project on-time and under budget, declaring commercial production October 1
• Bisha production:
  • Exceeded supergene copper guidance producing 55.8 million pounds at a C1 cash cost of $1.03 per payable pound sold
  • Achieved zinc guidance, producing 90 million pounds from primary ore
  • Achieved gold guidance, monetizing 90,000 gold equivalent ounces from stockpiles
  • Secured Bisha District through significantly expanded exploration rights
• Continued to pay peer leading dividends

2017 Outlook and Guidance

• Nevsun is currently completing its annual forecasting process at Bisha where the work on a robust geo-metallurgical resource model and the copper flotation plant metallurgy are ongoing.
• The expect to provide their 2017 Outlook and update on the resolution to the challenges related to the copper flotation circuit in mid-February 2017.

 S&P futures vs fair value: -5.30. Nasdaq futures vs fair value: -13.90.

Equity futures point to a lower open Thursday morning as the S&P 500 futures trade five points below fair value. Investors continue to digest President-elect Trump's first post-election press conference while observing a downtick in overseas markets.

Crude oil is up again today after a sizable gain on Wednesday despite EIA data showing a big inventory build. The energy component is higher by 1.2%, trading at $52.89/bbl.

The Treasury market has seen an uptick in buying interest this morning, with the 10-yr yield lower by four basis points at 2.33%.

Today's economic data will include December Import/Export Prices and Initial Claims (Briefing.com consensus 235k) at 8:30 am ET, followed by the Treasury Budget at 2:00 pm ET.

In U.S. corporate news of note:

• Delta Air Lines (DAL 51.80, +0.36): +0.7% after issuing upbeat Q1 unit revenue guidance. The company also reported in-line earnings and revenues.
• Taiwan Semi (TSM 30.49, +0.32): +1.1% after beating on the top and bottom lines. However, the company did issue disappointing guidance.
• KB Home (KBH 16.40, -0.20): -1.2% after disappointing earnings overshadowed above-consensus revenue.

Reviewing overnight developments:

• Markets in the Asia-Pacific region ended Thursday on a mostly lower note with Japan's Nikkei pacing the retreat amid an uptick in the yen (114.06). Japan's Nikkei -1.2%, Hong Kong's Hang Seng -0.5%, China's Shanghai Composite -0.6%, India's Sensex +0.4%.
  • In economic data:
    • China's New Loans CNY1.04 trillion (expected CNY676.00 billion; last CNY794.60 billion) and M2 Money Stock +11.3% (expected 11.4%; last 11.4%)
    • Japan's December Bank Lending +2.6% year-over-year (expected 2.4%; last 2.4%) and November Adjusted Current Account surplus JPY1.80 trillion (expected JPY1.48 trillion; last JPY1.93 trillion). December Economy Watchers Current Index 51.4 (consensus 50.0; last 51.4)
    • New Zealand's ANZ Commodity Price Index +0.7% month-over-month (last 3.2%)
  • In news:
    • Standard & Poor's commented on China's bond market, saying there is a need for stronger governance to curb questionable trading practices and excessive risk taking.

• Major European indices trade on a lower note while Spain's IBEX outperforms. Germany's DAX -0.6%, France's CAC -0.1%, UK's FTSE -0.1%, Spain's IBEX +0.3%.
  • In economic data:
    • Eurozone November Industrial Production +1.5% month-over-month (expected 0.5%; last 0.1%); +3.2% year-over-year (consensus 1.6%; previous 0.8%)
    • France's December CPI +0.3%, as expected (last 0.3%)
    • Italy's November Industrial Production +0.7% month-over-month (expected 0.3%; last 0.1%); +3.2% year-over-year (consensus 2.0%; last 1.3%)
  • In news:
    • London has dropped the demand to retain the ‘financial passport' that allows sales across the single market. The news has contributed to weakness in UK bank stocks.
    • In France, a presidential poll showed that Francois Fillon would be expected to beat Marine Le Pen with a 63-37 vote. However, a tight, three-way race is expected between the two candidates and Emmanuel Macron.

 Overseas Research Calls

Upgrades: 

• Croda Intl (COIHY) upgraded to Neutral from Underperform at Exane BNP Paribas
• Debenhams plc (DBHSY) upgraded to Hold from Sell at Investec
• Randstad (RANJY) upgraded to Hold from Sell at Deutsche Bank
• Adecco S.A. (AHEXY) upgraded to Hold from Sell at Deutsche Bank
• Unibail-Rodamco (UNRDY) upgraded to Buy from Hold at ING
• Skandinaviska Enskilda (SVKEF) upgraded to Buy from Hold at Societe Generale

Downgrades: 

• Associated British Foods (ASBFY) downgraded to Add from Buy at Numis
• Devro PLC (DEVOY) downgraded to Hold from Add at Numis
• Wolseley PLC (WOSYY) downgraded to Hold from Buy at Liberum
• WPP Group plc (WPPGY) downgraded to Hold from Buy at Pivotal Research
• Publicis (PUBGY) downgraded to Hold from Buy at Pivotal Research
• Inmarsat (IMASY) downgraded to Neutral from Buy at Citigroup

Miscellaneous: 

• Worldpay (WDDYF) initiated with an Outperform at Keefe Bruyette
• Wirecard (WRCDF) initiated with an Outperform at Keefe Bruyette

 European Summary

Eurozone Core/Periphery Spreads Narrow as Industrial Production Jumps

• Eurozone sovereign debt is seeing mixed results while core-periphery spreads are narrowing today as industrial production data for the single currency area surprised on the upside in November. German GDP growth also lifted sentiment, rising to a five-year high, and were the eurozone's industrial production growth to continue in Q4, GDP growth could be as high as 0.8% for the quarter. The euro currency is up 0.76% to 1.0666 today as Treasury/Bund yield spreads narrow
• Central Banks:
  
  • The European Central Bank published the minutes from its December 8 meeting today and they showed that supply concerns were a factor in the Governing Council's decision to reduce monthly purchases to EUR60 bln from EUR80 bln after March of this year
    
    • The minutes also showed that legal implications associated with increasing the single issue or single issuer limits to the asset purchase program's government bond purchases kept the Governing Council from pursuing those changes
    • While some members initially supported only a six-month extension at an EUR80 bln/month pace, the nine-month EUR60 bln/month option garnered «very broad support» after further discussion
• New Issuance:
  
  • Italy sold EUR3.0 bln of 3-year BTPs at a gross yield of 0.06% with a bid-to-cover ratio of 1.46
  • Italy sold EUR2.75 bln of 7-year BTPs at a gross yield of 1.15% with a bid-to-cover ratio of 1.47
  • Italy sold EUR1.5 bln of 20-year BTPs at a gross yield of 2.53% with a bid-to-cover ratio of 1.46
  • The U.K. tapped its 10-year Gilt maturing in 2025 for GBP2.25 bln at an average yield of 1.158% with a bid to cover ratio of 2.52. The auction tailed by 0.2 basis points
• European Economic Data:
  
  • In the eurozone, industrial production jumped by a better-than-expected 1.5% m/m in November (3.2% y/y) after ticking up by 0.1% in October
  • Germany's economy grew by 1.9% in 2016 (1.7% in 2015), its fastest rate in five years, edging past economists' estimates. Germans vote in national elections this fall
  • Italian industrial production grew 0.7% m/m in November (3.2% y/y), beating both estimates and October's 0.1% increase
  • French CPI and HICP (harmonized index of consumer prices) growth was finalized at 0.3% m/m for December, in line with the initial readings and November's growth rate
• Yield Check:
  
  • France, 10-yr OAT: unch at 0.77%
  • Germany, 10-yr Bund: +1 bp to 0.25%
  • Greece, 10-yr note: +1 bp to 6.83%
  • Italy, 10-yr BTP: +1 bp to 1.88%
  • Portugal, 10-yr PGB: -2 bps to 3.94%
  • Spain, 10-yr ODE: -2 bps to 1.40%
  • U.K., 10-yr Gilt: -5 bps to 1.41%

 

Initial Claims 247K vs 255K Briefing.com consensus; Prior revised to 237K from 235K

 December Export Prices ex-ag +0.4 %, Prior +0.2%; Import Prices ex-oil +0.2%, Prior -0.1%

 On The Wires

• Melco Crown Entertainment Limited (MPEL) announced the appointment of Mr. John William Crawford, JP as an Independent Non-Executive Director («INED») of MCE. MCE also announced today that Mr. James Andrew Charles MacKenzie has tendered his resignation with effect as of February 1, 2017 as an INED of MCE. Mr. MacKenzie was appointed as an INED of MCE on April 24, 2008 and currently serves as the chairman of MCE's audit & risk committee. At the Company's request, Mr. MacKenzie has agreed to continue to serve as INED and chairman of MCE's audit & risk committee until February 1, 2017 so as to assist MCE in the transition of his responsibilities. Additionally, MCE announced that Mr. Robert Wason Mactier has tendered his resignation with immediate effect. Mr. Mactier was appointed as an INED of MCE on December 18, 2006 and served as a member of MCE's compensation committee and nominating and corporate governance committee.
• Magal Security Systems Ltd. (MAGS) announced it has recently won a series of projects, amounting to over $5.5 million. The projects include the upgrade and support of the integrated security systems for the 2017 African Cup of Nations Games. This new project was awarded to Magal in the final days of 2016. It requires Magal's unique expertise in order to successfully complete the upgrade in the short timeframe available for the opening of the Games, scheduled for January 14, 2017. The project also requires ongoing support throughout the 2017 Games. 
• Collectors Universe, Inc. (CLCT) announced that it has entered into a Loan Agreement with California Bank & Trust, which provides the Company with a $10 million three year unsecured revolving credit line.
• Monsanto Company (MON) and NRGene announced that the companies have reached a non-exclusive, multi-year global licensing agreement on NRGene's genome-analysis technology to enhance Monsanto's ability to predict, compare and select the best genetic makeup from its vast data sets of genetic, genomic and trait information.

 Apple: Dec-qtr preview and «Cheat Sheets» – lowering ests for FX and production cuts — RBC Capital Mkts  (119.75)RBC notes heading into Dec-qtr print, they have adjusted their Dec-qtr and FY17 rev ests to reflect currency headwinds resulting from USD strength since November, partially offset by local price increases and f/x hedges. Also, firm's Mar-qtr adjustments reflect incremental production cuts that they understand AAPL has implemented recently to better manage their channel inventory. Firm's Dec-qtr rev est is reduced by ~70bps while EPS is lowered by ~0.05 vs. prior est. Notably, rev headwinds for AAPL could create GM headwinds as a result of AAPL's USD-denominated costs, although hedges should partially offset some of the impact. Fundamentally, they remain positive on AAPL based on 1) potential for iPhone 8 super cycle, 2) continued growth in high-margin Services business, 3) new MacBook Pro product should revert Mac segment to y/y growth in CY17, 4) potential upside from Trump-onomics (taxes, cash repatriation), 5) attractive valuation (~8.5x EV/FCF).

 S&P futures vs fair value: -5.00. Nasdaq futures vs fair value: -13.50.

The S&P 500 futures trade five points below fair value.

Just in, import prices excluding oil declined 0.2% in December after ticking down 0.1% in November. Export prices excluding agriculture increased 0.4% in December after declining 0.1% in November (revised from +0.2%).

Separately, the latest weekly initial jobless claims count totaled 247,000 while the Briefing.com consensus expected a reading of 255,000. Today's tally was above the revised prior week count of 237,000 (from 235,000). As for continuing claims, they declined to 2.087 million from the revised count of 2.116 million (from 2.112 million).

 Gapping up

Gapping up 
In reaction to strong earnings/guidance:

• AAOI +18.8%, LTRX +16.9%, LEDS +15.7%, BLFS +11.2%, FCEL +7.7%, QTM +6.9%, QTM +6.9%, VISI +5.2%, KBH +0.8%, REG +0.5%

Select metals/mining stocks trading higher:

• GFI +4.3%, SBGL +3.3%, MUX +2.9%, RIO +2.9%, CDE +2.6%, HMY +2.5%, KGC +2.4%, AG +2.3%, SLW +2.3%, ABX +2.2%, AUY +2.2%, PAAS +2.2%, GDX +2.1%, BBL +2.1%, BHP +2.1%, AGI +2%, NEM +1.9%, VALE +1.6%, AA +1.3%

Select AAOI peers showing strength:

• OCLR +3.3%, ACIA +1.5%, LITE +1.2%, NPTN +0.5%

Other news:

• TBIO +127.6% (Lifelabs selected its ICE COLD-PCR technology as its mutation enrichment platform for cancer testing), HSGX +28.3% (announces an online publication in the American Journal of Sports Medicine; results from the two studies indicate that NeoCart is a safe & effective treatment for articular cartilage lesions through 5-year follow-up), MICT +15% (receives 3 purchase orders from 2 aerospace & defense contractors), ALIOY +4.9% (Bloomberg sources indicated Johnson & Johnson [JNJ]/ Actelion agreed to price), GPAC +3.4% (enters into definitive merger with Sequel Youth and Family Services), ASIX +3.2% (among stocks with favorable commentary on Wednesday's Mad Money), BW +2.7% (Babcock & Wilcox Enterprises acquired Universal Acoustic & Emission Technologies effective today; expected to be accretive in 2017), ELY +1.4% (acquires OGIO International for $75.5 mln in an all-cash transaction; Callaway's management expects the acquisition to be immediately accretive to earnings)

Analyst comments:

• MRK +1.4% (upgraded to Overweight from Equal-Weight at Morgan Stanley)

 Gapping down

Gapping down
In reaction to disappointing earnings/guidance:

• DRWI -13.8%, SAR -0.9%, SJR -0.9%, WMS -0.7%, TSM -0.6%

Other news:

• MYOS -24.8% (after closing near highs — up 25% on the day; MYOS RENS Tech. says a Court has granted it the preliminary restraints that it requested against RENS Agriculture), ETRM -11% (continued volatility in the pre-mkt)
• KOS -7.4% (announces secondary public offering of common shares)
• NAK -7.1% (announces $25 mln bought deal; syndicate agreed to purchase 13.52 mln common shares at $1.85/offered share)
• ABIO -3.6% (thinly traded; enters into a Capital on Demand Sales Agreement with JonesTrading Institutional Services under which it may offer and sell shares of common stock having an aggregate offering price of up to $7.3 mln)
• TSRO -3.4% (receives Complete Response Letter for Rolapitant IV)

Analyst comments:

• GATX -4.9% (downgraded to Sell at Stifel)
• X -2.6% (downgraded to Neutral from Outperform at Credit Suisse)
• NSIT -2.1% (downgraded to Underperform from Mkt Perform at Raymond James)
• VFC -1.2% (downgraded to Hold from Buy at Canaccord Genuity)
• AKS -1.1% (downgraded to Neutral from Outperform at Credit Suisse)
• DIS -1.1% (downgraded to Sell form Hold at Pivotal Research)
• TWTR -0.7% (downgraded to Hold from Buy at Pivotal Research)
• AAPL -0.6% (RBC lowers estimates)

 S&P futures vs fair value: -4.50. Nasdaq futures vs fair value: -13.80.

The S&P 500 futures trade five points below fair value.

Markets in the Asia-Pacific region ended Thursday on a mostly lower note with Japan's Nikkei (-1.2%) pacing the retreat amid an uptick in the yen. The Japanese currency surged during yesterday's Wall Street session, continuing its advance into the night. The yen is up 0.8% against the dollar at 114.44. Standard & Poor's commented on China's bond market, saying there is a need for stronger governance to curb questionable trading practices and excessive risk taking.

• In economic data:
  • China's New Loans CNY1.04 trillion (expected CNY676.00 billion; last CNY794.60 billion) and M2 Money Stock +11.3% (expected 11.4%; last 11.4%)
  • Japan's December Bank Lending +2.6% year-over-year (expected 2.4%; last 2.4%) and November Adjusted Current Account surplus JPY1.80 trillion (expected JPY1.48 trillion; last JPY1.93 trillion). December Economy Watchers Current Index 51.4 (consensus 50.0; last 51.4)
  • New Zealand's ANZ Commodity Price Index +0.7% month-over-month (last 3.2%)

---Equity Markets---

• Japan's Nikkei lost 1.2% amid broad weakness. Technology and consumer names struggled with Familymart, Unitika, J Front Retailing, Toshiba, Konami, Casio Computer, Rakuten, Fujitsu, and Alps Electric lost between 2.2% and 6.6%.
• Hong Kong's Hang Seng fell 0.5% with gaming names and financials showing relative weakness. Galaxy Entertainment, Sands China, Link Reit, Bank of East Asia, China Life Insurance, Tencent Holdings, and Bank of China Hong Kong losing between 0.9% and 2.5%. Conversely, Lenovo Group rallied 1.8%.
• China's Shanghai Composite surrendered 0.6%. Xin Jiang Ready Health Industry, Jiangsu Sopo Chemical, Xianjiang Tianrun Dairy, ShangHai Phoenix Enterprise, and YTO Express Group posted losses between 4.2% and 5.0%.
• India's Sensex advanced 0.4% despite losses in more than half of its components. Utilities NTPC and Power Grid outperformed with respective gains of 5.7% and 4.1% after NTPC agreed to take control of the Chhabra Thermal Power Plant. On the downside, Lupin and Hindustan Unilever both lost near 2.0%.

Major European indices trade mixed. It is worth noting that London has dropped the demand to retain the ‘financial passport' that allows sales across the single market. The news has contributed to weakness in UK bank stocks. Elsewhere, a presidential poll in France showed that Francois Fillon would be expected to beat Marine Le Pen with a 63-37 vote. However, a tight, three-way race is expected between the two candidates and Emmanuel Macron.

• In economic data:
  • Eurozone November Industrial Production +1.5% month-over-month (expected 0.5%; last 0.1%); +3.2% year-over-year (consensus 1.6%; previous 0.8%)
  • France's December CPI +0.3%, as expected (last 0.3%)
  • Italy's November Industrial Production +0.7% month-over-month (expected 0.3%; last 0.1%); +3.2% year-over-year (consensus 2.0%; last 1.3%)

---Equity Markets---

• Germany's DAX is lower by 0.6% after testing levels not seen since mid-2015 during yesterday's session. Heavyweights like Merck, BMW, Daimler, Siemens, Volkswagen, and Deutsche Bank are down between 0.1% and 1.5%. A handful of names hold gains with utilities RWE and E.On up 2.1% and 3.0%, respectively.
• France's CAC has shed 0.1%. Countercyclical names are among the laggards with Essilor International, Sanofi, Carrefour, and L'Oreal down between 0.6% and 1.7%. Financials have held up well with BNP Paribas, Credit Agricole, and Societe Generale adding between 0.9% and 1.7%.
• UK's FTSE is up 0.1%. with consumer names and financials struggling. Associated British Foods, Tesco, Dixons Carphone, Next, RBS, and HSBC hold losses between 0.2% and 3.1%. Miners outperform amid continued strength in commodities. Randgold Resources, Fresnillo, Anglo American, Rio Tinto, and BHP Billiton show gains between 2.3% and 3.6%.
• Spain's IBEX has added 0.4% with financials like Banco Popular, Caixabank, Bankinter, BBVA, and Santander rising between 0.7% and 1.7%.

 Gapping up/down: AAOI +19%, LTRX +17%, LEDS +16% after earnings, MRK +1% after upgreade; DRWI -14% after earnings, X -2%, VFC -1% and DIS -1% after downgrades

Gapping up 
In reaction to strong earnings/guidance:

• AAOI +18.8%, LTRX +16.9%, LEDS +15.7%, BLFS +11.2%, FCEL +7.7%, QTM +6.9%, VISI +5.2%, KBH +0.8%, REG +0.5%

Select metals/mining stocks trading higher: GFI +4.3%, SBGL +3.3%, MUX +2.9%, RIO +2.9%, CDE +2.6%, HMY +2.5%, KGC +2.4%, AG +2.3%, SLW +2.3%, ABX +2.2%, AUY +2.2%, PAAS +2.2%, GDX +2.1%, BBL +2.1%, BHP +2.1%, AGI +2%, NEM+1.9%, VALE +1.6%, AA +1.3%

Select AAOI peers showing strength: OCLR +3.3%, ACIA +1.5%, LITE +1.2%, NPTN +0.5%

Other news:

• NTBIO +127.6% (Lifelabs selected its ICE COLD-PCR technology as its mutation enrichment platform for cancer testing), HSGX +28.3% (announces an online publication in the American Journal of Sports Medicine; results from the two studies indicate that NeoCart is a safe & effective treatment for articular cartilage lesions through 5-year follow-up), MICT +15% (receives 3 purchase orders from 2 aerospace & defense contractors), ALIOY +4.9% (Bloomberg sources indicated Johnson & Johnson / Actelion agreed to price), GPAC +3.4% (enters into definitive merger with Sequel Youth and Family Services), ASIX +3.2% (among stocks with favorable commentary on Wednesday's Mad Money), BW +2.7% (Babcock & Wilcox Enterprises acquired Universal Acoustic & Emission Technologies effective today; expected to be accretive in 2017), ELY +1.4% (acquires OGIO International for $75.5 mln in an all-cash transaction; Callaway's management expects the acquisition to be immediately accretive to earnings)

Analyst comments:

• MRK +1.4% (upgraded to Overweight from Equal-Weight at Morgan Stanley)

Gapping down
In reaction to disappointing earnings/guidance:

• DRWI -13.8%, SAR -0.9%, SJR -0.9%, WMS -0.7%, TSM -0.6%

Other news:

• MYOS -24.8% (after closing near highs — up 25% on the day; MYOS RENS Tech. says a Court has granted it the preliminary restraints that it requested against RENS Agriculture)
• ETRM -11% (continued volatility in the pre-mkt)
• KOS -7.4% (announces secondary public offering of common shares)
• NAK -7.1% (announces $25 mln bought deal; syndicate agreed to purchase 13.52 mln common shares at $1.85/offered share)
• ABIO -3.6% (thinly traded; enters into a Capital on Demand Sales Agreement with JonesTrading Institutional Services under which it may offer and sell shares of common stock having an aggregate offering price of up to $7.3 mln)
• TSRO -3.4% (receives Complete Response Letter for Rolapitant IV)

Analyst comments:

• GATX -4.9% (downgraded to Sell at Stifel)
• X -2.6% (downgraded to Neutral from Outperform at Credit Suisse)
• NSIT -2.1% (downgraded to Underperform from Mkt Perform at Raymond James)
• VFC -1.2% (downgraded to Hold from Buy at Canaccord Genuity)
• AKS -1.1% (downgraded to Neutral from Outperform at Credit Suisse)
• DIS -1.1% (downgraded to Sell form Hold at Pivotal Research)
• TWTR -0.7% (downgraded to Hold from Buy at Pivotal Research)
• AAPL -0.6% (RBC lowers estimates)

 

On The Wires Micronet Enertec Technologies, Inc. (MICT) announced that its wholly-owned subsidiary, Enertec Systems 2001 Ltd., was recently awarded three purchase orders from two global aerospace & defense contractors, for an aggregate amount of more than $1,200,000. This includes a $250,000 continuous order for a mobile command and control center from a multinational aerospace & defense contractor. These command and control centers are used in rugged and difficult terrains for the control and monitoring of advanced weapons systems. The second purchase order of $470,000 is for the development of a computer-based test and simulation system to ensure the combat readiness of a critical missile system. Valued at approximately $500,000, the third purchase order is for the development of a rugged diagnosis and simulation system for Unmanned Aerial Vehicles. Fusion (FSNN) announced that it has signed a three year, $350,000 cloud solutions contract with a major, multi-site radiology center headquartered in the Midwest. Delcath Systems (DCTH) announced that patient treatment and data collection for the intrahepatic cholangiocarcinoma cohort of its European Phase 2 HCC/ICC study is ongoing, and that the Company will announce interim results for the cohort once the data are fully mature. Teladoc, Inc. (TDOC) announced that UnitedAg has expanded the telehealth benefits for its 35,000 insured members to include coverage for behavioral health, dermatology and smoking cessation. With strong utilization across Teladoc's wide array of general health services, along with a high percentage of repeat telehealth visits, UnitedAg sees significant value in providing these additional services to its members.

 

Filings, Offerings and Pricings Filings: Oramed Pharma (ORMP) files for $100 mln mixed securities shelf offering Offerings: ARCA biopharma (ABIO) enters into a Capital on Demand Sales Agreement with JonesTrading Institutional Services under which it may offer and sell shares of common stock having an aggregate offering price of up to $7.3 mln Pricings: DarioHealth (DRIO 3.04) commenced a private placement offering, consisting of up to 1,821,437 shares of common stock at $2.80/share and warrants to purchase up to 1,821,437 shares of Common Stockat an exercise price of $3.50/ share Kosmos Energy (KOS) prices public offering of 30 mln shares of its common shares at $6.65/share by selling shareholders Warburg Pincus and Blackstone (BX) Northern Dynasty Minerals (NAK 7.06) announces $25 mln bought deal; syndicate agreed to purchase 13.52 mln common shares at $1.85/offered share Veeco Instruments (VECO 27.80) prices / upsizes public offering of $300 mln (from $200 mln) of 2.70% Convertible Senior Notes due 2023