Morning additions

Seems there were quite a few Bios that had announcements last night and this morning. Could be a good day for bio plays.

$ACAD Pr ,$LXRX,MRGE,$CBLI,$ANAC Pr ,$THLD Pr,$CYTK Pr,$MNOV Pr, $AMD,  $SQNM Pr, $CBLI upgrade last night, $NTWK pr, $F, $NAVB pr, $SLTM Pr  



Seeking Alpha
Today's Markets:
In Asia, Japan +1.3% to 12636. Hong Kong -0.1% to 22226. China +0.3% to 2324. India -0.5% to 18793.
In Europe, at midday, London -0.7%. Paris -1%. Frankfurt -0.8%.
Futures at 7:00: Dow +0.1%. S&P -0.1%. Nasdaq -0.2%. Crude +1.2% to $93.24. Gold flat at $1607.80.

Today's economic calendar:
8:30 Initial Jobless Claims
9:00 PMI Manufacturing Index Flash
9:00 FHFA House Price Index
9:45 Bloomberg Consumer Comfort Index
10:00 Existing Home Sales
10:00 Philly Fed Business Outlook
10:00 Leading Indicators
10:30 EIA Natural Gas Inventory
4:30 PM Money Supply
4:30 PM Fed Balance Sheet

Notable earnings before today's open: IHS, KBH, LULU, ROST

Notable earnings after today's close: MU, NKE, SLW, TIBX

Briefing.com

Gapping up                                                                    

In reaction to strong earnings/guidance: SOL +2.5% (ticking higher), LULU     

+1.4%, MOV +1%.                                                               
      

A few metals stocks trading higher: IAG +1.2%, ABX +0.7%, SLV +0.7%, GLD      

+0.2%.                                                                        
     

Other news: NICK +13.3% (retains financial advisor to assist in evaluating    

strategic alternatives), ACAD +5.9% (presents data from its pivotal Phase III Parkinson's Disease psychosis study with Pimavanserin), ITMN +5.6% (InterMune:
Esbriet receives positive final appraisal determination from NICE for         
idiopathic pulmonary fibrosis), ETE +5.1% (ticking higher, Energy Transfer    
Equity and Energy Transfer Partners announce that ETP will acquire from ETE   
its interest in ETP Holdco for $3.75 bln of cash and ETP common units), AZN   
+2.4% (announced restructuring of its SG&A activities that will lead to a     
global reduction in headcount of ~ 2,300, AstraZeneca and Moderna Therapeutics
announced exclusive agreement to develop messenger RNA Therapeutics in        
cardiometabolic diseases and cancer), JCP +1.2% ( discloses that Notice of    
Default letter from bondholders has been rescinded), NLY +0.6% (maintains     
quarterly dividend of $0.45 per share).                                       
                                                                           
Analyst comments: CBLI +11.7% (initiated with Buy at Cantor), YHOO +1.9%      
(upgraded to Outperform from Perform at Oppenheimer), WFT +1.5% (upgraded to  
Outperform from Market Perform at Raymond James), ETN +0.2% (resumed with a   
Buy at Goldman) 

    

Gapping down                                                                  

  

In reaction to disappointing earnings/guidance: SCHL -9.9%, TUMI -9.4%, ORCL  

-7.7% (also multiple downgrades), TLYS -7% (light volume), GES -6.5%, JBL     
-4.5%.                                                                        
     

A few financial related names showing weakness: IRE -2.3%, CS -1%, LYG -1.0%, 

SAN -0.9%.                                                                    

    Select oil/gas stocks trading lower: PBR -4.9% (light volume), TOT -1.2%, RIG 

-1.0%, WLT -1.0%.                                                             
     

Select tech/ORCL peers showing early weakness: ARMH -1.9%, RHT -2.2%, CSCO    

-1.2% (downgraded to Underperform at FBR Capital), JNPR -1.1% (downgraded to  
Underperform at FBR Capital), HPQ -0.9%, TIBX -0.9%, MSFT -0.6%, IBM -0.5%,   
CRM -0.4%.                                                                    

                                                                              

Other news: GMO -13.4% (announces financing update: legal counsel has         

suspended work on the $665 million Chinese sourced Term Loan), CIMT -7.7%     
(announced proposed secondary public offering of ordinary shares), PRKR -7.2% 
(announces public offering of common stock, size not disclosed), PFLT -2.8%   
(PennantPark Floating Rate Capital announces public offering of 3 mln shares  
of common stock), ABB -2% (still checking), CWT -1.2% (prices 5 mln shares of 
at $19.25 per share), ANH -1.1% (filed for ~$545.055 mln mixed securities     
shelf offering).                                                              

Analyst comments: WETF -3% (removed from Conviction Buy list at Goldman), GGG 

-0.9% (resumed with a Sell at Goldman)                                        
  

Today's Upgrades: Company Ticker Brokerage Firm Intl Flavors IFF Argus Halliburton HAL Guggenheim Nomura Holdings NMR Morgan Stanley Subsea 7 SA SUBCY ABN Amro Weatherford WFT Raymond James HomeAway AWAY Morgan Stanley Legg Mason LM Wells Fargo Yahoo! YHOO Oppenheimer Bruker Corp. BRKR Jefferies Nestle NSRGY Citigroup Today's Downgrades: Company Ticker Brokerage Firm Bright Horiz Family BFAM Stifel China Telecom CHA JP Morgan Charter Comm CHTR Guggenheim Juniper Networks JNPR FBR Capital Cisco Systems CSCO FBR Capital Oracle ORCL Credit Agricole Burger King BKW BofA/Merrill Obagi Medical OMPI Cantor Fitzgerald Actuant ATU Robert W. Baird

                                                        
Good luck trading everyone.