Advances:
- Bancorp of New Jersey (BKJ) +7.8%. To be acquired by ConnectOne Bancorp for $113 million or $15.48/share in cash, a 12.6% premium to yesterday's close.
- Kratos Defense & Security Solutions (KTOS) +8.8%. Upgrade from "neutral" to "buy" at Goldman Sachs.
- PagSeguro Digital (PAGS) +6.6%. 2Q revenue beats expectations.
- Nvidia (NVDA) +5.5%. 2Q sales and profit better than expected, current quarter sales guidance in-line.
- General Electric (GE) +4.2%. Defended at William Blair.
- Brinker (EAT) +4%. Upgrade from "equal-weight" to "overweight" at Stephens.
Declines:
- Dillard's (DDS) -15.3%. 2Q net and comparable store sales weaker than expected.
- Alliance Data Systems (ADS) -4.7%. Reports preliminary results of modified Dutch auction, saying it expects to buy 5.07 million shares at $148/share, below yesterday's closing price of $152.50.
- Tapestry (TPR) -3.5%. Downgraded at multiple places following yesterday's earnings disappointment.
- Applied Materials (AMAT) -2.7%. Sales and profit forecasts meet expectations, company says it's not ready to call a bottom in industry downturn, expects memory demand rebound in 2020 not 2019.