PRE-MARKET | November 07, 2016 | $AAPL, $MGM, $HSBC, $BA, $BIDU, $CMG, $MSFT, $TSLA, $BIIB, $BID

PRE-MARKET MOVERS

1. CEMP:

$CEMP FDA panel, by a whisker, votes yes on Cempra’s antibiotic – Fierce Biotech

2. N, ORCL:

$N Oracle $ORCL Announces Completion of NetSuite Tender Offer – Street Insider

3. DTLK, NSIT:

$DTLK Insight Enterprises $NSIT to acquire Datalink for $11.25 per share in cash – Reuters

4. LCI:

$LCI LendingClub’s stock jumps after results beat expectations – MarketWatch

5. LC:

$LC LendingClub’s stock jumps after results beat expectations – MW

6. RACE:

$RACE Ferrari Q3 Profit Rises; Lifts 2016 Outlook – RTT

7. MGM:

$MGM MGM Resorts Tops Q3 EPS Views; MGM China Revenue Sank 6% – SI

8. HSBC:

$HSBC HSBC Jumps On Stronger Q3 Capital Buffer – Barron’s

9. ARIA:

$ARIA ARIAD Reports Third Quarter 2016 Financial Results – Business Wire

10. HZNP:

$HZNP Horizon Pharma Tops Q3 EPS by 7c – SI

11. ELNK, WIN:

$WIN Windstream, EarthLink $ELNK Enter $1.1B Merger Agreement – Street Insider

12. RIO:

$RIO Rio Tinto sees record price for diamonds tender – MarketWatch

13. BABA:

$BABA Alibaba looks to expand Singles Day shopping spree beyond China – FT

14. SYY:

$SYY Sysco Corp. Tops Q1 EPS by 9c – Street Insider

15. BIDU:

$BIDU Baidu to Seek Up to $500 Million for Waimai Delivery Unit – BBG

16. BA:

$BA China Exclusive: Boeing celebrates innovative strategic partnership with China – Xinhua

17. CRM, LNKD, MSFT:

$CRM How LinkedIn $LNKD Drove a Wedge Between Microsoft $MSFT and Salesforce – NYTimes

18. AMGN:

$AMGN FDA approves Amgen’s Enbrel to treat children with plaque psoriasis – PBR

19. CMG:

$CMG Chipotle, Ackman talks intensify with confidentiality agreement – CNBC

20. BRK:

$BRK/B Berkshire Hathaway Reports Higher Revenue – WSJ

21. TM, TSLA:

$TM Toyota is planning long-range battery-powered electric cars for 2020 $TSLA – Electrek

22. BURL: $BURL Burlington Stores denies claims made by activist investor Spruce Point Capital – MW

23. FNBC: $FNBC First NBC Bank Weighing Capital Raising or Sale – WSJ

24. PLUG:

$PLUG Plug Power misses estimates – SA

25. CXRX:

$CXRX Concordia International Misses Q3 EPS by 35c; Guidance Suspended – Street Insider

26. NILE: $NILE Blue Nile to be bought out by Bain for $500 million, a 34% premium for shareholders – MW

UPGRADES

1. AMED:Mizuho Securities Upgrades Amedisys $AMED to Buy; Sell-Off Excessive

2. BIIB:$BIIB upgraded to Overweight at PiperJaffray

3. CBM:First Analysis Upgrades Cambrex Corporation $CBM to Overweight

4. CGNX:CLSA Upgrades Cognex $CGNX to Outperform

5. CMI:Evercore ISI Upgrades Cummins $CMI to Buy

6. CRZO:KLR Group Upgrades Carrizo Oil & Gas $CRZO to Buy Following Recent Sell-Off

7. CYBR:$CYBR upgraded to Outperform at Imperial Capital – PT $55

8. DOC:Raymond James Upgrades Physicians Realty Trust $DOC to Strong Buy

9. HTA:Raymond James Upgrades Healthcare Trust of America $HTA to Outperform

10. LITE:Raymond James Upgrades Lumentum $LITE to Strong Buy

11. MITT:AG Mortgage upgraded at Wunderlich

12. PAH:Nomura Securities Upgrades Platform Specialty Products $PAH to Buy; Deep Discount and Return to …

13. PBPB:Maxim Group Upgrades Potbelly Corp $PBPB to Buy

14. TWX:$TWX upgraded to Outperform at Credit Suisse – PT $107.50

DOWNGRADES

1. ABCO:BofA/Merrill Lynch Downgrades Advisory Board Company $ABCO to Underperform

2. AEO:BlueFin Downgrades American Eagle to Hold $AEO

3. CHFN:Keefe, Bruyette & Woods Downgrades Charter Financial $CHFN to Market Perform

4. CLH:Clean Harbors downgraded to equal weight from overweight at Barclays. Price target cut to $49 from $58. $CLH 11/4 c…

5. GPRO:$GPRO downgraded to Underperform at Bank of America

6. TEVA:$TEVA downgraded to Neutral at Bank of America

7. XRX:Xerox’s Printing Business Continues To Underperform; Morgan Stanley Downgrades Stock

EARNINGS

1. HAE:$HAE reports FQ2 earnings of 46c EPS and $220.25M Revs –

2. LNCE:$LNCE reports FQ3 earnings of 35c EPS and $588.80M Revs –

3. PEGI:$PEGI reports FQ3 earnings of -5c EPS and $91.91M Revs –

4. MTRX:$MTRX reports FQ1 earnings of 35c EPS and $341.78M Revs –

5. EPAM:$EPAM reports FQ3 earnings of 76c EPS and $298.29M Revs –

6. LC:$LC reports FQ3 earnings of -4c EPS and $112.61M Revs –

7. HYGS:$HYGS reports FQ3 earnings of -15c EPS and $6.73M Revs –

8. HYGS:$HYGS reports inline with the Estimize EPS Consensus and misses the Estimize Revenue Consensus by $4.66M –

9. SN:$SN reports FQ3 earnings of 14c EPS and $114.81M Revs –

10. HZNP:$HZNP reports FQ3 earnings of 70c EPS and $273.70M Revs –

11. RBC:$RBC reports FQ3 earnings of $1.31 EPS and $819.30M Revs –

12. SNI:$SNI reports FQ3 earnings of $1.26 EPS and $803.09M Revs –

13. ROK:$ROK reports FQ4 earnings of $1.52 EPS and $1.54B Revs –

14. WIN:$WIN reports FQ3 earnings of -46c EPS and $1.35B Revs –

15. ARIA:$ARIA reports FQ3 earnings of -12c EPS and $46.02M Revs –

16. BID:$BID reports FQ3 earnings of -78c EPS and $91.49M Revs –

17. MEET:$MEET reports FQ3 earnings of 10c EPS and $17.19M Revs –

18. MEET:$MEET reports inline with the Estimize EPS Consensus and misses the Estimize Revenue Consensus by $0.22M –

19. PGEM:$PGEM reports FQ3 earnings of 75c EPS and $530.39M Revs –

20. SHEN:$SHEN reports FQ3 earnings of 26c EPS and $156.84M Revs –

21. CORE:$CORE reports FQ3 earnings of 37c EPS and $3.99B Revs –

22. HSNI:$HSNI reports FQ3 earnings of 52c EPS and $823.02M Revs –

23. HSNI:$HSNI reports inline with the Estimize EPS Consensus and misses the Estimize Revenue Consensus by $4.02M –

24. TTI:$TTI reports FQ3 earnings of -5c EPS and $176.55M Revs –

25. VSH:$VSH reports FQ3 earnings of 25c EPS and $591.96M Revs –

26. VSH:$VSH reports inline with the Estimize EPS Consensus and misses the Estimize Revenue Consensus by $2.49M –

27. MGM:$MGM reports FQ3 earnings of 35c EPS and $2.52B Revs –

28. FDC:$FDC reports FQ3 earnings of 34c EPS and $1.82B Revs –

29. SYY:$SYY reports FQ1 earnings of 63c EPS and $13.97B Revs –

30. ELNK:$ELNK reports FQ3 earnings of -2c EPS and $235.13M Revs –

31. DF:$DF reports FQ3 earnings of 37c EPS and $1.97B Revs –

32. SEMG:$SEMG reports FQ3 earnings of -14c EPS and $327.76M Revs –

Trending Social Alerts

1. BIIB:Piper’s Schimmer lists collusion focus potentially shifting to MS as risk in $BIIB upgrade

2. CEMP:$CEMP antibiotic approval still in doubt even with positive fda panel vote

3. NILE:$NILE -10% on Friday; acquired by Bain at $40.75 on Monday. The game is hard

4. N:$N Halted, news pending

5. ELNK:Windstream $WIN, EarthLink $ELNK Enter $1.1B Merger Agreement $$

6. CXRX:Concordia misses estimates by wide margin $0.69 vs $1.04 expected Will no longer provide financial forecasts $CXRX $CXR.TO

7. IONS:$BIIB & $IONS Announce SPINRAZA Meets Primary Endpoint at Interim Analysis of P3 CHERISH Study in Later-Onset SMA

Trending News Headlines

1. Cempra antibiotic approval still in doubt even with positive fda panel vote

By a slim 7-6 margin, experts convened by the FDA decided the benefits of solithromycin outweighed its potential safety problems in treating patients with community-acquired bacterial pneumonia.

2. MGM Resorts (MGM) Tops Q3 EPS Views; MGM China Revenue Sank 6%

MGM Resorts (NYSE: MGM) reported Q3 EPS of $0.53, $0.42 better than the analyst estimate of $0.11. Revenue for the quarter came in at $2.52 billion versus the consensus estimate of $2.38…

3. Banks Passed Up Uber Share Sale on Lack of Data

The potential fees and reputation boost that could come from working on Uber Technologies Inc.’s initial public offering are the stuff of bankers’ dreams.

4. Biotech portfolio updates – ESMO 2016, Exelixis, Abeona, Esperion and Seattle Genetics | Open Reading Frame

After a two-month break here is a recap of key highlights from the September/October time frame. On the menu today: PD-1 controversies at ESMO 2016, Exelixis’ ( EXEL ) launch in renal cancer, gene therapy data from Abeona ( ABEO ), long awaited update from Esperion ( ESPR ) and a positive surprise from Seattle Genetics ( SGEN ).

5. FDA panel, by a whisker, votes yes on Cempra’s antibiotic | FierceBiotech

An FDA panel has voted 7-6 that Cempra’s new antibiotic solithromycin should be recommended for U.S. regulatory approval–coming days after its shares plummeted by 40% on safety fears.

6. Bain Capital, Bow Street-Led Investor Group to Acquire Blue Nile (NILE) for $40.75/Share

Leading online jeweler Blue Nile (Nasdaq: NILE), announced that it has entered into a definitive agreement to be acquired by an Investor Group comprised of funds managed by…

7. Meg Tirrell on Twitter

“Piper’s Schimmer lists collusion focus potentially shifting to MS as risk in $BIIB upgrade”

8. Windstream (WIN), EarthLink (ELNK) Enter $1.1B Merger Agreement

Windstream Holdings, Inc. (Nasdaq: WIN) and EarthLink Holdings Corp. (Nasdaq: ELNK) announced that their boards of directors have unanimously approved a definitive merger…

Technology News

1. NBC News: U.S. military hackers have penetrated Russia’s electric grid, telecom networks & Kremlin’s command systems

2. Governments and large companies are exploring blockchain tech—but not because they want to use digital currency.

3. Fascinating to watch the US try to establish cyber deterrence in real time, out in the open

4. Privacy + security + community peeps, we’ve got work to do: Virtual Reality Isn’t Ready To Handle Abusive Trolls

5. Oculus, whose founder donated money to the alt-right, did not want to talk to us about our VR harassment story

6. 1. Funny Google claim: 58 carriers, “and manufacturers” (?!), for 4.7B people support standard RCS

7. Thousands of Tesco bank customers are thought to be affected, some have had £100s taken from their accounts:

8. Maybe if we complain a little bit more they will add the Escape key back?

9. Interesting Tho REALLY ought show cashflow+profitability If founder cant run a biz to make cash they must raise it

PRE-MARKET | November 07, 2016 | $AAPL, $MGM, $HSBC, $BA, $BIDU, $CMG, $MSFT, $TSLA, $BIIB, $BID

PRE-MARKET MOVERS

UPGRADES

DOWNGRADES

EARNINGS

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Trending News Headlines

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