Wednesday, March 13, 2013

Good morning

I am not seeing a whole lot that has me anticipating the open chomping at the bit with impatience. As I write this I haven't really found any big movers pre market unless you are on the short side. Could be one of those grinder type of days.

Okay so retail sales and import export numbers just hit the news wire and it was all positive. This could give us the fuel we need to continue this run at least for today.

Here are the stocks that have caught my attention so far.

$SUMR pr earnings,$TZYM looking for continuation of strength from yesterday, $BGMD pr earnings, $STEC earnings, $NSPH, $ATHX, $KORS, $CZR Cramer pump on casinos and my home town,$TSRX earnings, $COH upgrade and retail sales, $FIG upgrade, $NFLX PR,  $LDK, $HEK  



Seeking Alpha

Today's Markets:
In Asia, Japan -0.6% to 12240. Hong Kong -1.5% to 22557. China -1% to 2264. India -1% to 19363.
In Europe, at midday, London -0.8%. Paris -0.5%. Frankfurt -0.2%.
Futures at 7:00: Dow -0.15%. S&P -0.1%. Nasdaq -0.2%. Crude +0.3% to $92.79. Gold -0.1% to $1595.

Today's economic calendar:
7:00 MBA Mortgage Applications
8:30 Import/Export Prices
8:30 Retail Sales
10:00 Business Inventories
10:30 EIA Petroleum Inventories
1:00 PM Results of $21B, 10-Year Note Auction

Notable earnings before today's open: AH, AMRC, ATRS, EXPR, KRO, PERI, SNSS, TA

Notable earnings after today's close: CWTR, FTK, HOTT, SIGM, VRA
Briefing.com
Gapping up                                                                    
In reaction to strong earnings/guidance: DRL +23.1% (thinly traded, light     
volume), GSIG +8.6%, PPHM +7.6%, GNMK +4.1% (light volume), PUK +3.5%, ESLT   
+2.9% (very thinly traded), PNM +2.6%, XOMA +2.3% (ticking higher), PHMD
++1.9%

(ticking higher), ACAD +1.1% (light volume, target raised to $9 at Ladenburg  
Thalmann).                                                                    

M&A news: NFP +11.2% (reports indicate the co may explore sale), LIFE +0.3%   
(continued M&A speculation, Bloomberg discusses that a LIFE takeover at this  
valuation may be better than nothing).                                        
 
Other news: NSPH +6.6% (obtains CE Mark for gram-negative blood culture test), GLUU +2.5% (continued strength), WAGE +1.8% (prices follow-on public offering of 5,631,115 shares of its common stock at a price to the public of $24.00 per share), BA +0.6% (receives FAA approval of certification plan for 787 battery 
solution, Boeing upgraded to Hold from Underweight at BB&T Capital Mkts)      
   
Analyst comments: COH +2.2% (upgraded to Buy from Neutral at Citigroup), FIG  
+1.5% (upgraded to Buy from Neutral at Goldman), WAG +1.4% (upgraded to Buy   
from Neutral at UBS) 

Scans Gapping down                                                            
                                                                        
In reaction to disappointing earnings/guidance: SPPI -35.2% (provides         
corporate update with guidance), VELT -26% (also multiple downgrades), COOL   
-19.4%, KTOS -16.3% (light volume), EXPR -15.1%, DOLE -8.8%, IPAR -3% (light  
volume, also authorized a 50% increase in the annual dividend to $0.48 per    
share), KW -0.6% (announces offering of 9 mln shares of common stock).        

                                                                              

M&A news: BBRY -1.2% (Several reports out overnight cautious on Lenovo (LNVGY)
takeover speculation), .                                                       
      
Select financial related names showing weakness: NBG -3.7%, IBN -2.5%, DB     
-2.0%, RBS -1.8%, SAN -1.2%, HBC -0.9%.                                       
  
Other news: TEU -4% (announced $25 mln public offering of common shares), EROC
-3.5% (announces public offering of 8 mln common units representing limited   
partner interests), MLNX -2.4% (modestly pulling back), HLF -1.7% (Consumer   
Group has asked the FTC to investigate HLF; Pershing Square Capital Management
issues statement regarding National Consumers League's Call for FTC           

investigation into Herbalife; Icahn discloses acquisition of 322,716 shares of HLF at $41.45 per share; ), RPT -1.3% (upsizes offering by 1.05 mln shares and prices 7 mln newly issued common shares at $15.55 per share ), BUD -1% (still 
checking), JCP -1% ( is considering April trial in bondholders dispute,       
according to reports ), BHP -0.4% (may face a probe over Beijing Olympics,    
according to reports).                                                         
                                                                           

Analyst comments: HFC -1.3% (downgraded to Neutral from Outperform at         
Macquarie), VLO -1.2% (downgraded to Neutral from Outperform at Macquarie
Today's Upgrades:
CompanyTickerBrokerage Firm
Black DiamondBDEGlobal Hunter Securities
Dick's Sporting GoodsDKSMonness Crespi & Hardt
PACCARPCARJP Morgan
Dreamworks AnimationDWAStifel
EnerNOCENOCRaymond James
Co. BrasileiraCBDJP Morgan
Fortress InvestmentFIGGoldman
Affiliated ManagersAMGGoldman
CVR RefiningCVRRCredit Suisse
ABB LtdABBNomura
Diamond FoodsDMNDJefferies
GenescoGCOPiper Jaffray
Summer InfantSUMRNeedham
CoachCOHCitigroup
Discover Financial ServicesDFSFBR Capital
Today's Downgrades:
CompanyTickerBrokerage Firm
VeltiVELTJefferies
SynergeticsSURGCraig Hallum
National Australia BankNABZYCitigroup
Freescale SemiFSLBernstein
TargetTGTBuckingham Research
Tesoro Logistics LPTLLPCredit Suisse
Texas InstrumentsTXNBernstein
Oaktree CapitalOAKGoldman
InvescoIVZGoldman
El Paso Pipeline PartnersEPBCredit Suisse
Calamos AssetCLMSGoldman
VeltiVELTRaymond James
EQT Midstream PartnersEQMCredit Suisse
GSI GroupGSIGROTH Capital
SynergeticsSURGWunderlich
Tesoro Logistics LPTLLPBofA/Merrill
Spectrum PharmaSPPIWallachBeth
InfineonIFNNYMorgan Stanley
    
Good luck trading everyone.                                                      

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