Monday, October 24, 2016

Monday Oct 24 Morning Notes

All kinds of M&A this AM: T for TWX in $85b deal, a 35% premium; COL for BEAV in $6.4b deal, at a 22% premium; AMTD for Scottrade in $4b deal; GNW being bought by Chinese co. for $2.7b, 4% premium

Earnings: Yesterday: BEAV, COL
Today BMO: AMTD, EXP, VFC, KMB, TMUS
Other News: ADRO -24% on FDA news; INO -18% on FDA news; HLT+5% on HNA taking 25% stake; SYT -7% on hiccups with ChemChina deal in EU; ARIA -5% on d/g from JPM

GAINERS:
TMUS: +4.3sd at 48.60, 25k, b/a 0.15. 1sd = 15%

LOSERS:
INO -7.7sd at 7.00, 96k, b/a 0.10. 1sd = 2.1%
COL: -4.2sd at 81.68, 245k, b/a 0.05. 1sd = 0.8%
T: -3.2sd at 36.55, 4.13m, b/a 0.01. 1sd = 0.8%

Follow Through Watch:
ALKS: surged Friday on drug news
RAI/MO - Large stake taken in RAI, MO moved on sympathy
ACAD - had t/o rumor at EOD on Friday

TT Track of the Day: Tribe Called Quest - Electric Relaxation

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