Hot Stocks Of The Day (ACHN, CBE, SVU, TDW, JMBA)

Achillion Pharmaceuticals, Inc. (NASDAQ:ACHN) shares gained 10.15% to $7.16 in the morning hour after the company reported proof-of-concept data from a Phase 1b clinical trial demonstrating that patients with chronic hepatitis C (HCV) genotype 1 (GT 1) treated with ACH-2684, a second-generation protease inhibitor, achieved a mean maximum 3.73 log10 reduction in HCV RNA after three-day 400 mg monotherapy with once-daily (QD) dosing. The compound also demonstrated good safety and tolerability both in healthy volunteers and in patients with HCV.
Cooper Industries plc (NYSE:CBE) stock soared 26.25% to $70.50 in the early hour after Eaton Corporation and Cooper Industries announced they have entered into a definitive agreement under which Eaton will acquire Cooper in a transaction that will significantly increase the capabilities and geographic breadth of the combined company's power management portfolio and electrical business.
Under the terms of the Transaction Agreement, Cooper Shareholders will receive $39.15 in cash and 0.77479 shares of New Eaton for each Cooper share. Based on the Closing Price for Eaton common stock on Friday May 18, 2012, Cooper Shareholders will receive cash and shares valued at $72.00 per share, representing a premium of 29% and a total transaction equity value of approximately $11.8 billion.  
SUPERVALU INC. (NYSE:SVU) stock climbed 4.73% to $4.87 in the morning hour. On May 17,2012, Save-A-Lot, a wholly owned subsidiary of SUPERVALU announced that it will open its first store in Atlantic City, N.J., on May 17, becoming the first full-service grocery store within a 21 mile radius of the city. Save-A-Lot is committed to offering fresh produce, dairy and USDA-inspected meat, as well as other essential grocery and household items to shoppers at an affordable price.
Tidewater Inc. (NYSE:TDW) shares climbed 3.59% to $47.02 in the early hour after the company reported fourth quarter net earnings of $33.6 million or $0.66 per share from $12.02 million or $0.23 per share in the prior year period. Revenues increased to $289.4 million from $253.99 million in the same quarter last year. Analysts expected earnings of $0.61 per share on revenues of $286.07 million.
Jamba, Inc. (NASDAQ:JMBA) shares gained 5.38% to $1.96 in the morning hour after the company raised fiscal 2012 company owned comparable store sales guidance to a range of 4%-6%.  The Company is also increasing its guidance for adjusted operating profit margin for fiscal year 2012 to between 20-23% from the previously guided range of 19-22%.