Америка сегодня. Затраты на производство и деловая активность.

Gapping up, M&A related:

• DEPO +12.4% (DepoMed could still be acquired by KKR (KKR), according to NY Post)
• CEL +12.2% (Cellcom Israel updates on negotiations w/ third parties interested in purchasing Golan Telecom's share capital and a liquidation request filed by the co against Golan Telecom)
• FNBC +10.3% (First NBC Bank to sell nine branches and certain assets and liabilities to Hancock Holding's Whitney Bank)
• ALJ +8.9% (Delek US Holdings (DK) to acquire remaining 53% of outstanding shares it doesn't already own in ALJ USA for about $12.13/share or total equity value of about $464 mln)
• XRX +7.8% (after spinnig off Conduent (CNDT), Credit Suisse upgraded to Outperform)

• KOPN +7.4% ( enters a relationship w/ Goertek; will sell 7,339,000 shares of its common stock to Goertek at $3.25/share)
• CDTI +7.0% (ticking higher; files for 6,232,750 common stock offering by selling stockholders)
• ARRY +5.4% (still checking)
• AMD +1.7% (positive Barron's mention)
• FIT +1.6% (announced the addition of Fitbit Charge 2 into the recently expanded UnitedHealthcare (UNH) Motion wellness program)

• ITEK -65.6% (announces top-line results of MATrX-1 did not achieve its primary endpoint of superiority in reduction of intraocular pressure compared with placebo at all 12 time points; will wait for the full results from MATrX-1)
• TKC -4.4% (following Turkish terrorist attack)

• IHG +3.8% (upgraded to Overweight from Equal Weight at Barclays)
• GRPN +3.0% (upgraded to Sector Perform from Underperform at RBC Capital Mkts)
• SRPT +2.8% (upgraded to Buy from Neutral at Janney; $65 tgt)

• MDT -1.3% (downgraded to Neutral from Buy at BofA/Merrill, downgraded to Neutral from Overweight at JP Morgan, downgraded to Equal-Weight from Overweight at Morgan Stanley; tgt $77)
• NOK -1.3% (downgraded to Perform at Oppenheimer)
• KORS -1.0% (downgraded to Neutral from Overweight at Piper Jaffray)
• ANF -0.9% (downgraded to Underperform from Perform at Oppenheimer, downgraded to Hold from Buy at Jefferies)

Gainers

• DELT +25.6% entered into a long-term multi-mln dollar contract to provide a monthly supply of 40 tons of 2-chlorobenzaldehyde to Changzhou Tronly New Electronic Materials Co; financial terms not disclosed.
• BVN +1.6% announced that the commissioning of the processing plant of the Tambomayo project was successfully completed in December.
• SEED +1.6% signed a definitive agreement with DuPont (DD), giving SEED access to non-GM corn seed products from DuPont Pioneer.
• NSU +0.6% announced that President and CEO Cliff Davis will retire during 2017; appoints two new directors
• GIMO +0.2% confirmed Court Opinion issued — rejected many of the arguments raised by challenging Mt. Hope Project but issued a narrow reversal of the BLM's findings.

Decliners

• GSM -5.7% announced the resignation of Executive Chairman Alan Kestenbaum & appointed Vice-Chair Javier Lopez Madrid as his successor effective Dec 31, 2016

• JMU (JMU) enters into a partnership agreement with the Jinyi Comprehensive Free Trade Zone, or Jinyi FTZ. Jinyi Comprehensive Free Trade Zone was established in November 2015, covering an area of 1.79 square kilometers in the middle of Zhejiang Province. Jinyi FTZ's beneficial offerings include preferential tax rates, protective tariff supervision, foreign exchange administration, inspection and quarantine, and processing trade for companies that invest/operate in the region. As one of the first twelve enterprises to be introduced into the Jinyi FTZ, JMU will build a cross-border platform as a sub-platform of JMU's online marketplace to provide integrated and comprehensive services for companies in the restaurant and hotel industries.
• Entravision (EVC) makes $20 mln prepayment of term loans under its senior secured term loan credit facility. Following the prepayment, approximately $293 million remained outstanding under the company's term loan credit facility.
• GSE Systems (GVP) receives an expanded contract to upgrade the control room station simulation system for EDF Energy's Torness nuclear power plant in the UK. The contract, modified in December 2016, follows an initial award from EDF Energy in August 2016 for the design phase of the project. GSE expects the implementation phase of the project to commence in mid-2017 and be completed within three years. The Company ended 2016 with backlog of approximately $75 million, which is up over 56% from December 31, 2015.
• Celeno and Airgain (AIRG) entered into an agreement to collaborate on the delivery of a smart antenna platform based on the Celeno CL2400 802.11ac Wave 2 4x4 radio and its Smart Antenna Steering technology.
• MannKind (MNKD) confirmed that following the completion of initial formulation studies it received a $1 million milestone payment from Receptor Life Sciences. This milestone payment is part of a previously announced collaboration and license agreement between the company and RLS.
• Top Image Systems (TISA) announced that Mr. Don Dixon has assumed the position of Chairman of the Board of Directors for the Company effective January 1, 2017. Izhak Nakar, Company Founder and Active Chairman of the Board, decided to step down from his position as Active Chairman; Mr. Nakar will retain his membership on the Board and continues to hold a stake in the Company.
• Teledyne SeaBotix (TDY) was recently awarded a multi-million dollar operational capability upgrade contract with the Department of Defense through distributor, Atlantic Diving Supply.
• Perry Ellis International (PERY)  announced that it has entered into a license agreement with Euroneck, S.A. de CV to design and distribute men's neckties, bow ties, cummerbunds, pocket squares, ascots, winter and summer scarves and hosiery under the Perry Ellis and John Henry trademarks in Mexico. The collection will be distributed in department stores, specialty stores and ecommerce with a product launch in Spring 2017.
• Wecast Network (WCST) announced that its transaction with Sun Video Group HK Limited for 51% purchase of M.Y. Products is progressing in an encouraging manner and based on the few remaining deliverables, is indicating a completion timeframe around the Chinese New Year (end of January).
• Williams Partners (WPZ) reached a key regulatory milestone toward obtaining federal approval to construct its proposed Atlantic Sunrise expansion project — an expansion of the existing Transco natural gas pipeline to connect abundant Marcellus gas supplies with markets in the Mid-Atlantic and Southeastern FERC on Dec. 30 published its final Environmental Impact Statement for the proposed project, concluding that environmental impacts would be reduced to «less than significant levels» with the implementation of mitigation measures proposed by the company and FERC.

• Note FIT announced the addition of Fitbit Charge 2 into the recently expanded UnitedHealthcare (UNH) Motion wellness program.

Upgrades

• Dover (DOV +0.7%) upgraded to Buy from Hold at Vertical Research
• Xerox (XRX +16%) upgraded to Outperform from Neutral at Credit Suisse post Conduent (CNDT %) split.
• Scorpio Bulkers (SALT +7.4%) upgraded to Buy from Hold at Deutsche Bank.
• PACCAR (PCAR +1.4%) upgraded to Buy from Hold at Evercore ISI.
• Graham (GHM +8.3%) upgraded to Buy from Neutral at Sidoti; tgt $30.

Downgrades

• Herman Miller (MLHR -4%) downgraded to Underperform from Mkt Perform at Raymond James.
• Robert W. Baird downgrades PACCAR (PCAR +1.4%)  to Neutral from Outperform and raises their tgt to $62 from $60.
• Huron Consulting (HURN -6.1%) downgraded to Market Perform at William Blair.
• Greenbrier (GBX -4.7%) downgraded to Underperform from Neutral at Longbow.

• Conduent (CNDT -6.1%) initiated with a Neutral at JP Morgan; tgt $15.
• Clean Harbors (CLH -0.4%) a Top Pick at Stifel in the industrial waste sector.

• Staffing 360 Solutions (STAF +5.3%) preannounces Q2 gross profit +8% to $8.1 mln; revenue +14% to $47 mln vs. $49.8 mln single est.

• Scheduled to appear: HAR, NNDM, AMZN, CMCSA, FB, DISCA, EBAY, GOOG, GOOGL, NLSN, RBCN, VZ, YHOO, SMTC, ALV, NVDA, LGF.A, SMDM, TSRA, AIRG, LLTC, F, FCAU, NURO, AIG, STM, INTC, MGA, SECT, MSDI, ON, IDTI, EMAN, DLPH, JBL, WRMT, ATOM, CEVA, HIMX, INFO, DLG, UNXL, NEON, VUZI, MENT, KOPN, SMSI, SQNS, MXIM, LSCC, PLT, CCL, USAT, MBLY, EXPE, SCSS, QUIK, MYSZ, NSANY, RMD, QCOM, BKYI, UAA

• Scheduled to appear: FOX, FOXA, T, PDVW, MDP, DLR, CTL, TDS, USM, FUN, TMUS, CHTR, CBB, SBAC, CNSL, CCOI, HSNI, ENT, CCI, QTS, P, VG, EQIX, VZ, IPG, DIS, CSAL, GOGO, ETSY, INXN, LMOS, S, LBTYA, LBTYB, LBTYK, LILA, LILAK

Calls:

• NUE Weekly Jan06 60 calls are seeing interest with 1300 contracts trading vs. open int of 30, pushing implied vol up around 9 points to ~36% — co is expected to report earnings late January (updated guidance last month — see 12/15 9:05).  Last month, Tenaris confirms sale of Republic Conduit to Nucor; expected to close during January 2017
• WFT May 6 calls are seeing interest with 51.1K contracts trading vs. open int of 640, pushing implied vol up around 8 points to ~72% — co is confirmed to report earnings February 1 after the close.
• RICE Jan 21 calls are seeing interest with 3100 contracts trading vs. open int of 3220, pushing implied vol up around 5 points to ~50% — co is expected to report earnings late February.
• FCX Weekly Jan13 14 calls are seeing interest with 9120 contracts trading vs. open int of 1090, pushing implied vol up around 3 points to ~49% — next earnings report expected mid-to-late January.

Puts:

• TSN Jun 10 puts are seeing interest with 1080 contracts trading vs. open int of 410, pushing implied vol up around 9 points to ~43% — co will report earnings February 6 before the open.  Co is expected to present at a CAGE Conference on March 20 (annual meeting scheduled for February 9).