What’s Hot on the Open 11/21/2016

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Gapping up
In reaction to strong earnings/guidance: Cheetah Mobile+7%, YY inc +4.3%, International Game Technology IGT +4.3%
Gapping down In reaction to disappointing earnings/guidance:
TSN -9.2%, Canadian Solar CSIQ -1.9%
M&A news:
Headwaters Inc +17.5% (to be acquired by Boral Limited for $24.25 per share)
Lifelock Inc LOCK +14.6% (to be acquired for $24 per share by Symantec (SYMC))
Applied Micro Circuits AMCC +10.3% (to be acquired by MACOM Technology Solutions (MTSI) for approx. $8.36/share)
Select metals/mining stocks trading higher:
VALE +4.3%, GFI +3.1%, FCX +3%, AU +2.6%, AUY +2.6%, BBL +2.3%, GOLD +2%, BHP +1.9%, RIO +1.9%, NEM +1.6%, KGC +1.5%, ABX +1.3%, GDX +1.2%
Select oil/gas related names showing strength: CHK +4.4%, PBR +3.8%, BP +2%, TOT +1.7%
Other news:
FB +1.2% (discloses $6.0 billion stock buyback)
C +0.8% (will increase its common stock repurchase program by up to $1.75 billion)

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