5:01 pm This week's biggest % gainers/losers (:SCANX) : The following are this week's top 20 percentage gainers and top 20 percentage losers, categorized by sectors (over $300 mln market cap and 100K average daily volume).

This week's top 20 % gainers

• Healthcare:AGEN (7.12 +27.83%),CO (7.22 +23.63%),MDSO (57.59 +23.12%),VASC (35.31 +20.8%),ADXS (23.34 +19.88%),RIGL (4.88 +19.19%)
• Materials:VALE (7.92 +34.92%),VALE.P (6.32 +28.72%),SID (2.39 +21.32%)
• Industrials:ECHO (32.68 +28.16%),SALT (2.48 +22.77%)
• Consumer Discretionary:SKX (89.66 +21.97%)
• Information Technology:GIMO (29.75 +29.35%),CCIH (14.38 +24.61%),CAMP (20.34 +23.8%),ARRS (35.76 +19.92%)
• Financials:ASPS (23.24 +33.64%),CISG (11 +25.28%)
• Utilities:EBR (2.52 +24.14%),EBR.B (3.03 +22.67%)

This week's top 20 % losers

• Healthcare:AMPE (2.73 -65.31%),AERI (12.87 -62.31%),CALA (13.41 -27%),SPNC (26.52 -23.62%),ASMB (15.46 -21.03%),CLDN (13.68 -17.22%),CPRX (3.69 -16.14%),PTX (7.09 -15.09%)
• Materials:FTK (14.06 -21.1%)
• Industrials:TRN (28.7 -19.65%)
• Consumer Discretionary:CZR (9.83 -18.42%),ICON (26.77 -16.42%)
• Information Technology:FARO (43.44 -30.19%),MOBL (6.98 -27.34%),SMCI (30.44 -17.31%),AWAY (27.18 -16.68%),ADTN (15.98 -14.45%)
• Energy:NRP (5.26 -27.85%),CRR (31.6 -18.93%),MHR (2.26 -15.99%)

5:00 pm Home Loan Servicing receives notice of delisting from Nasdaq (HLSS) : Co announced that on April 20, 2015 it received a letter from the Listing Qualifications Staff of Nasdaq, notifying the Company that Nasdaq has determined to delist the ordinary shares of the Company from Nasdaq pursuant to the Staff's discretionary authority under Listing Rule 5101, effective at the opening of business on April 29, 2015.

4:50 pm AES clarifies that record date for Q2 dividend of $0.10 per share is May 5, 2015; payment date remains May 15, 2015 (AES) :  

4:48 pm Aqua America: Utility Workers Union of America (:UWUA) announces that ISS has recommended shareholders vote for UWUA shareholder proposal on extraordinary executive retirement benefits (WTR) : Utility Workers Union of America (:UWUA) announces that Institutional Shareholder Services (:ISS) issued a report recommending that shareholders of Aqua America (WTR) vote "for" a shareholder proposal concerning extraordinary retirement benefits for Aqua's senior executives. The shareholder proposal, which was submitted by the Utility Workers Union of America for inclusion in Aqua's proxy statement for the company's May 8, 2015, annual meeting, urges Aqua's board of directors to seek shareholder approval of any future extraordinary retirement benefits for top executives. The UWUA's proposal appears as Proposal No. 5 in Aqua's proxy statement.

4:45 pm Roper Inds announces name change to Roper Technologies (ROP) : Co announced that it has changed its corporate name to Roper Technologies, Inc. to reflect its continued evolution as a diversified technology company. Shares of the company are expected to begin trading under its new name effective as of the market open on April 29, 2015. The company's stock ticker symbol will remain "ROP."

4:42 pm Axalta Coating Systems signed agreement with Rheinmetall MAN Military Vehicles Australia to provide coating products for over 2,500 Australian military logistic vehicles (AXTA) : Co has signed an agreement with Rheinmetall MAN Military Vehicles Australia (:RMMVA) to provide coating products for over 2,500 Australian military logistic vehicles being produced as part of the Australian government's LAND 121 Phase 3B Defence Project. Rheinmetall is a global leader in the supply of military vehicles. The agreement was reached based on Axalta's capability to develop and manufacture specific end-use coatings required especially by the project.

4:32 pm Marvell sees Q1 revs of $710-740 mln (lowered from $810-830 mln) vs $814.66 mln Capital IQ Consensus Estimate (MRVL) : Co announced that first quarter of fiscal 2016 revenue is expected to be below the company's previous outlook. The company now expects first quarter of fiscal 2016 revenue to be in the range of $710 million to $740 million (vs $814.66 mln Capital IQ Consensus Estimate), compared to the previous expectation of $810 million to $830 million. The revised revenue outlook is primarily due to weaker than previously expected PC and storage markets and lower than expected emerging market demand. All other financial outlook expectations have been withdrawn and will be updated on the company's first quarter earnings call on May 21, 2015.

4:30 pm Enable Midstream Partners increases quarterly distribution to $0.3125/unit from $0.3088/unit (ENBL) :  

4:29 pm Eli Lilly: CYRAMZA (ramucirumab) receives fourth FDA approval for combination with FOLFIRI chemotherapy for the treatment of metastatic colorectal cancer (LLY) : Co has received its fourth FDA approval for CYRAMZA (ramucirumab). CYRAMZA (ramucirumab injection 10 mg/mL solution) is now also indicated in combination with FOLFIRI (irinotecan, folinic acid, and 5-fluorouracil) chemotherapy for the treatment of patients with metastatic colorectal cancer (mCRC) with disease progression on or after prior therapy with bevacizumab, oxaliplatin, and a fluoropyrimidine.

4:29 pm Closing Market Summary: S&P 500 and Nasdaq Set New Record Highs (:WRAPX) : The stock market wrapped up a strong week with a record finish even as economic data remained weak. The S&P 500 settled higher by 0.2% and registered a fresh record closing high at 2117.69 while the Nasdaq Composite (+0.7%) outperformed and posted another record close. Tragically, the Dow Jones Industrial Average could only add 0.1%, remaining 1.2% below its nominal record closing high from early March.

The Nasdaq surged out of the gate with several large components registering large gains in reaction to earnings. Amazon.com (AMZN 445.10, +55.11) surpassed revenue estimates and reported better than expected operating income. The retailer's loss of $0.12/share did not deter investors from sending the stock higher by 14.1%. Meanwhile another consumer discretionary component-Starbucks (SBUX 51.84, +2.41)-surged 4.9% after its in-line report overshadowed cautious guidance. Thanks to the two names, the consumer discretionary sector (+1.4%) ended well ahead of other groups.

However, Amazon and Starbucks were just partially responsible for the relative strength in the Nasdaq. Two tech sector (+0.9%) heavyweights-Google (GOOGL 573.66, +16.20) and Microsoft (MSFT 47.87, +4.53)-spiked 2.9% and 10.5%, respectively following earnings. Microsoft soared in reaction to better than expected results, while Google missed on earnings and revenue, which may explain why the stock "only" went up 2.9%.

It is worth noting that the handful of giants overshadowed a weak performance from many other Nasdaq components. For instance, chipmakers retreated across the board. The PHLX Semiconductor Index fell 1.7% with Maxim Integrated (MXIM 32.78, -1.96) leading the group lower. Shares of MXIM fell 5.6% after disappointing revenue overshadowed a bottom-line beat. Meanwhile, KLA-Tencor (KLAC 58.89, -0.96) beat estimates and announced plans to reduce its workforce, but still ended lower by 1.6% amid some concerns about the company's outlook.

Similar to chipmakers, biotech names struggled with iShares Nasdaq Biotechnology ETF (IBB 363.70, -3.98) falling 1.1%. Most notably, Biogen (BIIB 401.71, -28.57) fell 6.6% after missing earnings and revenue estimates even though the company still reported 20.0% year-over-year revenue growth. However, the bar was set even higher for this large component of an industry group that has made a major contribution to the Nasdaq's rally to record highs, today notwithstanding. For its part, the health care sector (-0.3%) spent the day in the red as biotech weighed.

Staying in the health care sector, Mylan (MYL 76.06, +2.37) made an intraday offer to acquire Perrigo (PRGO 192.89, -8.74) for $205/share in cash and stock, but Perrigo was quick to reject that offer. Elsewhere, another potential deal fell through with antitrust concerns likely playing a part as Comcast (CMCSA 59.64, +0.41) terminated its pursuit of Time Warner Cable (TWC 155.26, +6.50). Shares of TWC rallied 4.4% amid speculation the company may now be an attractive target for Charter Communications (CHTR 185.75, +2.17).

As mentioned earlier, consumer discretionary and technology sectors posted solid gains, which kept the S&P 500 in the green. Materials (+0.8%) and utilities (+1.0%) also posted solid gains, but the two groups account for just over 6.0% of the entire market.

Going back to influential sectors, financials (-0.2%), industrials (-0.4%), and energy (-0.6%) spent the entire day in negative territory. The energy sector was pressured by crude oil, which fell 1.0% to $57.18/bbl, while Dow component, ExxonMobil (XOM 86.97, -0.57), kept pace with the sector.

Moving on, the industrial sector was pressured by some of its large components like Dow member, Boeing (BA 148.40, -1.47), which fell 1.0% while transport stocks also lagged following disappointing results and guidance from Landstar (LSTR 64.49, -1.44). The freight carrier lost 2.2% while the Dow Jones Transportation Average shed 0.3%. To be fair, airlines bucked the trend after American Airlines (AAL 52.70, +1.25) beat estimates; however, the stock is not a member of the DJTA so its strength in that arena showed up through peers like Delta Airlines (DAL 46.98, +0.55) and United Continental (UAL 63.51, +0.71).

On the international front, representatives from Greece met with the Eurogroup in Riga today, but once again, the meeting ended without any concrete solutions. The prolonged negotiations appear to be getting more tense with Bloomberg reporting that unnamed euro area finance ministers have called Greek Finance Minister a "time-waster, gambler, and an amateur."

Treasuries posted modest gains with the 10-yr yield falling three basis points to 1.92%. The entire advance occurred in the wake of today's Durable Orders, which seemed ok at first glance:

• Durable goods orders increased 4.0% in March after declining an unrevised 1.4% in February while the Briefing.com consensus expected an increase of 0.5% 
  • The entire March gain resulted from increased transportation demand, specifically from the defense-related aircraft sector 
    • Defense aircraft orders increased 112.8% in March with total aircraft orders increasing 43.8% after declining 8.3% in February 
    • Motor vehicle and parts orders increased 5.4% 
  • Excluding transportation, durable goods orders declined 0.2% in March after declining a downwardly revised 1.3% (from -0.6%) in February while the consensus expected an increase of 0.4% 
    
    • After declining 2.2% in February, orders of nondefense capital goods excluding aircraft declined 0.5% in March 
    • Shipments, which factor into first quarter GDP growth, declined 0.4% in March after increasing 0.1% in February 

There is no data scheduled for Monday. 

• Nasdaq Composite +7.0% YTD 
• Russell 2000 +5.0% YTD 
• S&P 500 +2.8% YTD 
• Dow Jones Industrial Average +1.4% YTD

4:12 pm Scorpio Tankers announces it has recently taken delivery of two newbuilding vessels; schedules Q1 earnings (STNG) : The Company recently took delivery of the following vessels:

• STI Oxford, an LR2 product tanker, was delivered from Hyundai Samho Heavy Industries Co. Ltd. Upon delivery, this vessel began a voyage for 50 days at approximately $41,000 per day. 
• STI Queens, an MR product tanker, was delivered from SPP Shipbuilding Co., Ltd. of South Korea ("SPP"). Upon delivery, this vessel began a time charter for up to 120 days at approximately $18,000 per day.
  

The Company plans to issue its first quarter 2015 earnings before the market open on Monday, April 27, 2015 and will host a conference call later in the day at 9:30 AM Eastern Daylight Time and 3:30 PM Central European Summer Time. 

4:10 pm NASDAQ: As of April 15, 2015, short interest in NASDAQ Global Market securities totaled 7,692,144,808 shares compared with 7,682,464,601 shares for the prior settlement date of March 31, 2015 (NDAQ) :  

4:06 pm Horizon Pharma announces pricing of private offering of Senior Notes (HZNP) : Co priced its offering of $475 million aggregate principal amount of 6.625% senior notes due 2023. The size of the offering was increased above the previously-announced size of $300 million aggregate principal amount of notes.

• As a result of the increased size of the note offering, Horizon Pharma, the parent of the Issuer and a wholly-owned subsidiary of Horizon, expects that the aggregate principal amount of its previously-announced new term loan facility will be reduced from $500 million to $400 million. 
• Horizon expects to use the net proceeds from the offering of notes and borrowings under the new term loan facility to fund a portion of Horizon's planned acquisition of Hyperion Therapeutics (HPTX), repay the outstanding amounts under Horizon's existing $300 million credit facility and Hyperion's existing credit facility and pay prepayment premiums, fees and expenses in connection with the foregoing. 
• The proceeds from the offering of the notes will be held in escrow pending release in connection with the closing of the Hyperion acquisition.
  

4:05 pm Akorn announces it will restate various previously issued financial statements due to errors identified during the first quarter 2015 financial review process; affirms its 2015 EPS guidance (shares halted) (AKRX) : On April 20, 2015, the Audit Committee of the Board of Directors of Akorn, Inc. (the Audit Committee), upon the recommendation of the Company's management concluded that the financial statements for the quarterly periods ending June 30, 2014, September 30, 2014 and December 31, 2014 along with the annual period ending December 31, 2014 should not be relied upon because of errors in the financial statements in those associated periods. Furthermore, management's report on the effectiveness of internal control over financial reporting as of December 31, 2014 should no longer be relied upon.

• During the review process with respect to the quarter ended March 31, 2015, the Company identified errors related to understatements of rebates and other sales allowances that have resulted in an overstatement of the Company's net revenue for the affected periods described above.
• Akorn is in the process of analyzing the impact of the restatements on its previously reported financial statements, including previously restated results for the quarters ending June 30, 2014 and September 30, 2014.
  
• While the exact impact to the Company's financial statements has not been determined, based on management's preliminary assessment, the errors related to the understatements of rebates and other sales allowances are estimated to have resulted in an overstatement to net revenue and pretax income from continuing operations of $20 million to $35 million for the year ending December 31, 2014.
• Akorn anticipates that it will not be able to file its Form 10-Q for the first quarter of 2015 in a timely manner because of the pending restatements to prior-period results. While the Company plans to request a five-day extension to file its Form 10-Q with the U.S. Securities and Exchange Commission, the Company does not anticipate it will meet the extended deadline.
• Lastly, the company affirms its 2015 earnings per share guidance issued on February 26, 2015 calling for adjusted diluted EPS of $1.88-1.98 vs. the $1.96 Capital IQ consensus estimate.

4:02 pm Patriot National acquires Missouri-based Corporate Claims Management, a multi-line provider of claims administration; financial terms not disclosed (PN) :

• "The acquisition of Corporate Claims Management is our fourth program administrator acquisition in recent months and is consistent with our growth strategy to expand Patriot National's fee-based product offerings beyond workers' compensation."
  
• Corporate Claims Management had 2014 revenues of $6.5 mln.
  

4:00 pm Apollo Investment announces an increase in its revolving credit facility to $1.31 bln from $1.27 bln, with a maturity extension to 2020 (AINV) : Co announced an amended and restated credit facility. Total commitments to the facility increased by $40 million, from $1.27 billion to $1.31 billion. The final maturity of the facility was extended by 20 months from August 2018 to April 2020.

• In addition, the stated interest rate on the facility was changed from LIBOR plus 2.00% to a formula-based calculation, resulting in a stated interest rate of either LIBOR plus 1.75%, or LIBOR plus 2.00% 
• The facility contains an accordion feature whereby it can be expanded by 50% under certain conditions
  

4:00 pm PostRock Energy has regained compliance with the Nasdaq Global Market listing requirements (PSTR) :