SMF Notes Gapping up

In reaction to strong earnings/guidance: VMW +12.5%, PII +9.7%, ALV +7.4%, ALB +4.3%, YHOO +4.2%, FCX +3.6%, WYNN +2.9%, JNPR +2.6% (also downgraded to Neutral at Ticonderoga ), EMC +2.2%, RVBD+1.7%, T +1.3%.

M&A news: DPL +8.7% (to be acquired by AES for $30 per share in cash).

Tech related names trading notably higher following earnings/guidance from multiple names in the sector: STM +7%, INTC +6.4% (upgraded to Outperform from Mkt Perform at FBR Capital), ALU +5.6%, AMAT+3.4%, SI +3.3%, ARMH +2.4%, NVDA +2.2%, BRCM +2.1%, DELL +2%, APKT +1.9%, CTXS +1.8%, FFIV +1.8%, QQQ +1.8%, AMD +1.8%, HPQ +1.8%, RHT +1.7%, MSFT +1.6%, QCOM +1.1% (upgraded to Neutral from Underperform at Exane BNP Paribas).

Select financial related names showing strength: ING +4.5%, STD +3.1%, DB +3%, UBS +2.4%, HBC +1.5%, CS +1.4%.

Metals/mining stocks trading higher: AAU +3.7% (announces the adoption of shareholder rights plan), MT +2.6%, BHP +2.1% (BHP Billiton Quarterly production report; approved major projects total investment value of $9.8 bln),  RIO +2%, SLW +1.9%, BBL +1.8%, GOLD +1.5%, SLV +0.9%, GLD +0.5%.

Select oil/gas related names showing strength: TOT +3.2%, BP +3.2%, RDS.A +3.1%, E +2.5%, STO +2.3%.

A few European drug names ticking higher: SNY +3.5%, NVS +2.4%, AZN +1.4%.

Casino names seeing modest strength following WYNN results: LVS +2.2%, MGM +2.3%.