RANsquawk - Today's Trading Edge

TIME: 1958GMT
NEWS: Vocus (VOCS) is running a sale process working with investment bank Stifel, according to sources
REACTION: In an immediate reaction, VOCS shares spiked 13.8% higher from USD 13.41 to USD 15.25

TIME: 1851GMT
NEWS: Jive Software (JIVE) initiated with a buy at B. Riley; PT USD 17.00
REACTION: In an immediate reaction, JIVE shares rose 3.4% from USD 8.55 to USD 8.84

TIME: 1823GMT
NEWS: New Jersey Resources (NJR) upgraded to long-term buy from neutral at Hilliard Lyons
REACTION: In an immediate reaction, NJR shares rose 1.0% from USD 46.56 to USD 47.02

TIME: 1751GMT
NEWS: Positive article for ARCA biopharma (ABIO) on thestreet.com
REACTION: In an immediate reaction, ABIO shares rose 5% from USD 1.99 to USD 2.09

TIME: 1744GMT
NEWS: Juniper Network’s (JNPR) holder Elliot reports a 4.8% stake and beneficial ownership of 7.4% in the Co.
REACTION: In an immediate reaction, JNPR shares fell 1.2% from USD 2.52 to USD 25.21.

TIME: 1729GMT
NEWS: RANsquawk’s Twitter scanner flagged a tweet from FBN's Gasparino who tweeted "FTC hits Herbalife (HLF) with a civil investigative demand - official investigation has begun". This was not covered on the major newswires for at least 45 seconds, with the Financial Times and CNBC failing to report the news for a further two minutes. It was highlighted by the RANsquawk analyst that Herbalife was halted for trade news pending, but that related stocks Nu Skin and USANA remained open for trade and often move in sympathy with Herbalife.
REACTION: In an immediate reaction to this initial tweet, Nu Skin (NUS) shares fell 5.6% from USD 80.99 to USD 76.47, before being halted for six minutes due to a volatility trading pause. Once Nu Skin resumed trade they continued to decline and fell a total of 16%. Elsewhere, USANA Health (USNA) shares fell 10.8% from USD 73.96 to USD 65.99. Herbalife resumed trade 21 minutes later, opening down 16.7% and then extended losses to 20.1%. (**TWITTER**)

TIME: 1627GMT
NEWS: Citron Research now long on Sky-Mobile (MOBI), says “former Citron story now in turnaround mode. Transition to smart phones could create big opp. if China Internet stays strong. LONG” This news was picked up instantly from Citron themselves via RANsquawk Twitter scanner and covered 10 seconds ahead of the major financial newswires
REACTION: In the immediate reaction, MOBI shares rose 11.3% from USD 9.15 to USD 10.18 (**TWITTER**)

TIME: 1531GMT
NEWS: Express Inc (EXPR) downgraded from overweight to neutral at Piper Jaffray
REACTION: In the immediate reaction, EXPR shares fell 1.4% from USD 16.16 to USD 15.94

TIME: 1515GMT
NEWS: Blackhawk (HAWK) wins reversal of patent infringement E2Interactive patent
REACTION: In the immediate reaction, HAWK shares rose 3.5% from USD 27.05 to USD 27.99

TIME: 1441GMT
NEWS: Gogo (GOGO) receives supplemental type certificate from FAA and certification from Japanese Civil Aviation Bureau for Ku-Satellite connectivity on Boeing 777 aircraft
REACTION: In the immediate reaction, GOGO shares rose 2.1% from USD 23.79 to USD 24.28

TIME: 1412GMT
NEWS: The US plans to release up to 5mln bbls of crude oil from strategic reserves, according to a government source. The SPR release will be a test sale to check the operational capabilities of system infrastructure; timing unclear
REACTION: Apr-14 WTI crude futures fell USD 0.94 from USD 99.14 to USD 98.20 over the following 21 minutes

TIME: 1348GMT
NEWS: Market talk for Nu Skin (NUS) have reached an agreement with China - Unconfirmed
REACTION: In the immediate reaction, NUS shares rose 2.8% from USD 73.36 to USD 75.42

TIME: 1344GMT
NEWS: RANsquawk’s Twitter scanner flagged reports of an explosion and a building collapsing on 116th and Park Avenue, Manhattan, New York. RANsquawk immediately located the incident in Harlem, far from the financial district, with reports suggesting the property was a welding and repair technical school, and there were no suggestions of terrorist activity in the area. This was not covered on the major newswires for at least 90 seconds, with CNBC failing to report the news for five minutes
REACTION: Upon the original Twitter reports, T-notes rose 4 ticks from 124.03 to 124.07 and the E-mini S&P fell 4 points from 1857.75 to 1853.75 in the following two minutes. After the initial headlines, and upon the market realising the building was residential, T-notes and E-mini S&P pulled back to pre-event levels by 1351GMT (**TWITTER**)

TIME: 1336GMT
NEWS: Sandstorm Gold (SAND) upgraded to hold from reduce at TD Securities
REACTION: In the immediate reaction, SAND shares rose 1.2% from USD 5.65 to USD 5.72

TIME: 1334GMT
NEWS: Sterne Agee positive on Cree (CREE)
REACTION: In the immediate reaction, CREE shares rose 1.0% from USD 58.24 to USD 58.83

TIME: 1312GMT
NEWS: Market talk of an ECB think-tank report - Unconfirmed; said to say ECB board fail to agree on what policy steps should follow after Thursday’s ECB rate decision prompted internal controversy. Analysts immediately added that the think tank report was very in-fitting with comments seen from ECB’s Constancio just a day prior, who stated that markets misinterpreted the decision itself. RANsquawk immediately checked the veracity of the report with very well placed contacts, confirmed that the report can be attributed to a NY think tank
REACTION: The market was unreactive, although remains highly sensitive to ECB-related analysis after the prior Thursday’s disappointing rate decision

TIME: 1202GMT
NEWS: K+S (SDF GY) to propose dividend of EUR 0.25/Shr vs Exp. EUR 0.85/Shr; 2013 sales EUR 3.95bln vs. Exp. EUR 3.86bln, dividend cut due to uncertainties in potash and magnesium market and the considerable capital expenditure in the upcoming years
REACTION: SDF GY shares (upon the resumption of trade after daily DAX halt) fell 1.8% from EUR 24.69 to EUR 24.24 before rallying on the back of the better than expected sales number, rising 2.3% from EUR 24.24 to EUR 24.79

TIME: 0932GMT
NEWS: Swiss RE (SREN VX) denies report Agnelli family to take stake. Analysts immediately added that there were premarket reports that the Agnelli family were to take a 20% stake in the Co., and the latest news countered earlier reports
REACTION: SREN VX shares immediately fell 1.9% from CHF 84.00 to CHF 82.40

TIME: 0911GMT
NEWS: Market talk of bids in USD/JPY 102.65 - Unconfirmed
REACTION: Over the following two hours, USD/JPY approached 102.65, before bouncing back up to 102.82 as of 1148GMT

13 Mar 2014 - 00:11- EquitiesRumour- Source: RANsquawk