Morning Market Movers

Zimmer Holdings ZMH shares gained 17.82% to $107.75 after the company announced its plans to acquire Biomet in a cash and stock transaction valued at around $13.35 billion. Angie's List ANGI shares climbed 10.37% to $14.15 after the company reported a narrower loss in the first quarter and issued a strong second-quarter revenue outlook. Lam Research LRCX shares rose 9.70% to $57.32 after the company reported upbeat quarterly earnings. NetScout Systems NTCT shares rose 9.53% to $39.16 after the company reported better-than-expected quarterly results and issued a strong FY15 forecast. Citrix Systems CTXS climbed 8.71% to $60.87 after the company announced a proposed private offering of $1.25 billion Convertible Senior Notes. Apple AAPL surged 7.74% to $565.36 after the company reported stronger-than-expected fiscal second-quarter results and announced a 7-for-1 stock split. The company also lifted its buyback plan to $90 billion from $60 billion. Apple's quarterly profit surged to $10.2 billion, or $11.62 per share, versus a year-ago profit of $9.5 billion, or $10.09 per share. Its revenue also climbed to $45.6 billion versus $43.6 billion. TriQuint Semiconductor TQNT shares jumped 7.61% to $14.29 after the company reported Q1 results. Northland Securities upgraded the stock from Market Perform to Outperform and lifted the price target from $9.00 to $17.50. Infinera INFN shares gained 7.60% to $9.49 after the company reported Q1 results. Zogenix ZGNX jumped 6.05% to $2.98 after the company reported sale of SUMAVEL DosePro migraine therapy to Endo International ENDP for $85 million in cash and milestone payments of up to $20 million. The Goodyear Tire & Rubber Company GT shares rose 3.88% to $28.38. Goldman Sachs added Goodyear Tire to 'Conviction Buy' list and raised the price target from $33 to $36. General Motors Company GM surged 2.50% to $35.25 after the company reported better-than-expected first-quarter earnings. Facebook FB surged 2.24% to $62.74 after the company reported a strong rise in its first-quarter profit. Its quarterly profit surged to $642 million, $0.25 per share, compared to a year-earlier profit of $219 million, or $0.09 per share. Excluding certain items, the company earned $0.34 per share, beating analysts' estimates of $0.24 per share.
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