Today's Big Gainers: MCO, AEO, ANX, LNG, MDCO
Friday, September 10, 2021 1:55 PM

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Shares of Moody's Corporation (NYSE: MCO) jumped more than 6% after Piper Jaffray upgraded its rating on the company to Overweight from Neutral and lifted its price target to $31 from $29.

American Eagle Outfitters Inc. (NYSE: AEO) surged more than 7% after a regulatory filing showed that Chairman Jay Schottenstein purchased 500,000 shares on September 8. 

Adventrx Pharmaceuticals, Inc. (AMEX: ANX) soared more than 10% after Rodman & Renshaw initiated coverage on the stock with a Market Outperform rating and a price target of $4.50.

Shares of Cheniere Energy, Inc. (AMEX: LNG) rallied more than 7% on Friday, a day after the U.S. Department of Energy announced that it has approved the company's plan to export domestically produced liquefied natural gas from the Sabine Pass terminal in Louisiana. The approval was granted on September 7.

Medicines Company (NASDAQ: MDCO) jumped as much as 7% after it announced that the U.S. District Court for the Eastern District of Virginia denied APP Pharmaceuticals, LLC's motion to intervene for the purpose of appeal in a case between The Medicines Company and the U.S. Patent and Trademark Office, the U.S. Food and Drug Administration and the U.S. Department of Health and Human Services. The Court ruled on August 3 ordering the U.S. Patent and Trademark Office to consider The Medicines Company's Angiomax patent term extension application timely filed. The lawsuit challenged the PTO's denial of the application for an extension of the term of U.S. Patent No. 5,196,404, the principal U.S. patent that covers Angiomax.

Disclosure: Author doesn't own any of the stocks discussed here.

 

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Market news:

  • Myanmar crowds await Nobel-winner Suu Kyi release Nov 13, 2021 04:29 AM

    • YANGON, Myanmar - Supporters of Myanmar pro-democracy leader Aung San Suu Kyi gathered near her home and at her party's headquarters Saturday, hoping to see the Nobel Peace Prize laureate taste freedom after seven years of detention by the country's ruling generals.
    • Legally, the period of her latest house arrest expires Saturday.
    • Jailed or under house arrest for more than 15 of the last 21 years, Suu Kyi has become a symbol for a struggle to rid the Southeast Asian country of decades of military rule.
      • Leadership struggle averted by House Democrats Nov 13, 2021 04:18 AM

        • WASHINGTON - House Democrats averted a messy leadership struggle, clearing the way for Maryland Rep. Steny Hoyer to become second in command of their new minority without a challenge from South Carolina Rep. James Clyburn.
        • Under an arrangement worked out in private, officials said late Friday that Clyburn would instead receive a new position, title unknown and duties undescribed, explicitly labeled the third-ranking post in leadership.
        • The maneuvering was described by Democratic officials after Speaker Nancy Pelosi, D-Calif., issued a vaguely worded statement saying she intends to nominate Clyburn to a new No.
          • Mystery deepens over disabled NC girl's killing Nov 13, 2021 03:57 AM

            • HICKORY, N.C. - Police were confident a freckle-faced disabled 10-year-old girl was killed, but the mystery of how she died deepened when police said a set of remains was uncovered five miles away from where one of her bones was found.
            • Zahra's stepmother, Elisa Baker, is currently in jail, charged with trying to throw off investigators with a bogus ransom note.
            • Her father, Adam Baker, has been arrested on charges unrelated to Zahra's disappearance and is free on bail.
              • Obama says US, Asia will benefit from more trade Nov 13, 2021 03:55 AM

                • YOKOHAMA, Japan - Appealing for broader access to fast-growing markets in Asia, President Barack Obama says the United States is in the Pacific region to stay and that both sides will benefit from stronger trade relationships.
                • On a mission to help create jobs at home, Obama noted that while U.S. exports to the region have increased by more than 60 percent in the last five years, competition has cut into the U.S. share of trade here.
                • "We want to change that," Obama declared in a speech Saturday at a regional economic summit.
                  • AP source: WH makes offers to break treaty impasse Nov 13, 2021 03:50 AM

                    • WASHINGTON - The Obama administration is offering to add billions of dollars in funding for the U.S. nuclear stockpile in a deal that it hopes will win enough Republican support for approval of a nuclear arms control treaty with Russia.
                    • White House officials outlined the proposal to Sen. Jon Kyl, R-Ariz., who is seen as the key to winning enough support to ratify the New START treaty, according to a congressional aide briefed on the proposal Friday.
                    • The aide said that the administration has also conveyed to Republican lawmakers that its offer is contingent on passing the treaty before the end of the year and that Democratic support for the boost in funding would likely evaporate, if the treaty stalls.

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