A solid start to Q3 with the help of data and declining 10 Yr interest. We are now setting up for a retest of the June highs.Economic data: Factory orders and Pending Home sales at 10:00
Companies moving in after hours trading in reaction to earnings: Trading Down: UAPH -1.2%... Companies moving in reaction to news: Trading Up: LXRX +9.4% (Develops antibodies that lower triglycerides and cholesterol as potential new therapy for heart disease); ISIG +6.9% (and Valassis expand strategic alliance to include retail distribution recruitment; extend agreement for ten years); ACAS +4.1% (will replace Dollar General (DG) in the S&P 500); LOCM +3.7% (Forbes article discusses patent news, analyst comments on potential takeover); DIO +3.7% (announced Judge grants Diomed permanent injunction in '777 patent case); RNO +2.9% (recommends acceptance of amended offer from Lundin Mining); BBG +2.7% (will replace Laureate Education (LAUR) in the S&P MidCap 400); FRPT +1.9% (US Army eyes seven-fold armored vehicle jump -- Reuters); NPLA +1.1% (appoints Steven Hanson CEO, previous CEO and CFO Bob Brilon resigns)... Trading Down: MOVI -55.6% (begins discussions with senior lenders after failing certain covenants under credit facility); QFAB -28.6% (reports on business developments); NLST -27.8% (guides Q2 below consensus); DTLK -15.7% (lowers guidance below consensus for Q2; has seen slow down in IT and storage spending with large customers); ANEN -3.8% (appoints Steven Hanson CEO, previous CEO and CFO Bob Brilon resigns); AGM -1.9% (reports officers' amendments to 10b5-1 trading plans); IMAX -1.4% (announces Nasdaq panel grants IMAX's application for continued listing); VASC -1.4% (comments on injunction ruling in Diomed patent litigation and increasing sales of New Bright Tip Fiber).
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