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
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: | ||
| Company | Ticker | Brokerage Firm |
| Black Diamond | BDE | Global Hunter Securities |
| Dick's Sporting Goods | DKS | Monness Crespi & Hardt |
| PACCAR | PCAR | JP Morgan |
| Dreamworks Animation | DWA | Stifel |
| EnerNOC | ENOC | Raymond James |
| Co. Brasileira | CBD | JP Morgan |
| Fortress Investment | FIG | Goldman |
| Affiliated Managers | AMG | Goldman |
| CVR Refining | CVRR | Credit Suisse |
| ABB Ltd | ABB | Nomura |
| Diamond Foods | DMND | Jefferies |
| Genesco | GCO | Piper Jaffray |
| Summer Infant | SUMR | Needham |
| Coach | COH | Citigroup |
| Discover Financial Services | DFS | FBR Capital |
| Today's Downgrades: | ||
| Company | Ticker | Brokerage Firm |
| Velti | VELT | Jefferies |
| Synergetics | SURG | Craig Hallum |
| National Australia Bank | NABZY | Citigroup |
| Freescale Semi | FSL | Bernstein |
| Target | TGT | Buckingham Research |
| Tesoro Logistics LP | TLLP | Credit Suisse |
| Texas Instruments | TXN | Bernstein |
| Oaktree Capital | OAK | Goldman |
| Invesco | IVZ | Goldman |
| El Paso Pipeline Partners | EPB | Credit Suisse |
| Calamos Asset | CLMS | Goldman |
| Velti | VELT | Raymond James |
| EQT Midstream Partners | EQM | Credit Suisse |
| GSI Group | GSIG | ROTH Capital |
| Synergetics | SURG | Wunderlich |
| Tesoro Logistics LP | TLLP | BofA/Merrill |
| Spectrum Pharma | SPPI | WallachBeth |
| Infineon | IFNNY | Morgan Stanley |
Good luck trading everyone.
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