Tuesday, July 31, 2007

Gapping up on strong earnings/guidance:

HW +22.8%, UA +17.8%, MALL +17.3%, SUNW 10.6%, CBG +9.5%, RYAAY +7.6%, ONNN +6.7%, GM +6.7%, MOS +5.2%... M&A related: OLED +88.0% (to be acquired by Sumitomo Chemical for $12/share), WEN +9.5% (WSJ reports that Arby's parent outlines terms for Wendy's bid), DJ + 8.1% (WSJ reports that News Corp. (NWS) and Dow Jones (DJ) edged closer to a final agreement on the sale of DJ to NWS)... Other news: MBLX +6.5% (co announced a new gift card by Target (TGT) made using Mirel biobased plastic is now available in 129 Target stores nationwide).

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