Tuesday, March 12, 2013

Morning Movers

Additions to the watch list this morning.

$GLUU pr,$PAY snapback play,$BBRY pr, $OCZ gapper,$ATEC pr gapper,$CLNT pr, $AUXL pr gapper,$BIOS pr,$$EXK, $PZG precious metals miners seem to be heating up.

Provided by Briefing.com

12-Mar-13 08:12 ET                                                            

Gapping up                                                                    
In reaction to strong earnings/guidance: IRBT +7.7% (also Appoints Alison Dean
Executive Vice President and Chief Financial Officer), YUM +7.6% (reported    
first quarter same-store sales declined an estimated 20% for the China        
Division), PAY +7.5%, (also CEO steps down; VeriFone's Chairman, Richard      
McGinn, becomes interim CEO; co reiterates Q2 and FY13 guidance), STEI +6.9%  
(thinly traded), CVRR +6.4%, HEK +5.1%, HTZ +3.6%, (reiterates FY13 guidance  
at Credit Suisse Global Services Conference), GST +2.4%, (light volume), COST 
+1.5%.                                                                        
 
M&A news: LIFE +4.7% (KKR is considering bid for LIFE, according to reports). 

Select financial related names showing strength: IRE +2.9%, RBS +1.7%, CS     

+1.3%, LYG +1.0%, UBS +0.7%.                                                  

                                                                              

Metals/mining stocks trading higher: IAG +5.1%, MUX +1.9%, HL +1.9%, ABX      
+1.8%, GDX +1.5%, MT +1.4%, NEM +1.3%, SLW +1.3%, AU +1.1%, GG +0.7%.         

                                                                              

Other news: ATEC +22% (receives FDA 510(K) Market Clearance for Its Alphatec  
Solus Internal Fixation Anterior Lumbar Interbody Fusion device ),

GLUU +19.8% (announced the availability of the company's first real- money mobile gambling offering through Probability plc),

 OCZ +14.9% (obtains $30 mln credit facility
with Herculues Technology Growth Capital),
ZNGA +3.3% (continued strength,    
also boosted by GLUU), BBRY +2.7% (continued strength), CLF +2% (Cliffs       

Natural Resources announces plans to idle Wabush Pointe Noire pellet plant;   
maintains full-year sales and production volume expectations),
 
BIIB +0.5%    
(ticking higher, submits application to FDA for first long-lasting factor VIII
therapy for hemophilia A).                                                    

Analyst comments: DKS +2.2% (added to Conviction Buy List; upgraded from Buy  
at Goldman, upgraded to Outperform from Market Perform at BMO Capital Mkts),  
BBY +1.1% (resumed with a Buy at Goldman)   




Gapping down                                                                   
In reaction to disappointing earnings/guidance: LAKE -11.3%, PWRD -9.9%, FCEL 
-6.7% (thinly traded), DMND -5.7%, CWT -2.8%, URBN -2.4%.                     
Other news: SLCA -5.8% (announces 8.5 mln share secondary offering by selling 
stockholder), AFFY -5.3% (still checking), GOV -3.8% (Government Properties   
Income Trust files for 9,950,000 common share of beneficial interest offering 
by selling shareholder CommonWealth REIT ), HTWR -3.7% (to offer 1,500,000    
shares of common stock pursuant to an effective shelf registration statement),
LXP -3.3% (announces 15 mln share public offering of common shares), ICON     
-1.5% ( announces proposed private offering of $325 mln of convertible senior subordinated notes and repurchase of up to $75 mln of common stock), BUD -1.5%
(still checking), SUI -1.1% (announces 4.5 mln common stock offering), .      

Analyst comments: RSH -4.0% (downgraded to Sell from Neutral at Goldman), RHT 
-0.3% (downgraded to Neutral from Buy at Citigroup)

Today's Upgrades:
CompanyTickerBrokerage Firm
First SolarFSLRDNB Markets
Enduro Royalty TrustNDRORobert W. Baird
Whiting USA Trust IIWHZRobert W. Baird
Arlington Asset InvestmentAIWunderlich
VeriFonePAYSusquehanna
VantivVNTVRaymond James
Sherwin-WilliamsSHWCredit Suisse
AxiallAXLLCitigroup
Vitamin ShoppeVSIGoldman
Today's Downgrades:
CompanyTickerBrokerage Firm
Westpac Banking Corp.WBKMorgan Stanley
DryShipsDRYSImperial Capital
Cisco SystemsCSCOStandpoint Research
America Movil SAAMXCredit Suisse
InfosysINFYSusquehanna
PVHPVHPiper Jaffray
AVG TechAVGMorgan Stanley
Cadence DesignCDNSDA Davidson
Red HatRHTCitigroup
RadioShackRSHGoldman
CVS CaremarkCVSGoldman
MillicomMIICF.PKHSBC Securities

Provided by Seeking Alpha
Notable earnings before today's open: AMED, BONT, BPI, COST, EJ, TICC

Notable earnings after today's close: DOLE, GERN, HRZN, IRET, KTOS, PPHM, VELT


Today's economic calendar:
7:30 NFIB Small Business Optimism Index
7:45 ICSC Retail Store Sales
8:55 Redbook Chain Store Sales
1:00 PM Results of $32B, 3-Year Note Auction
2:00 PM Treasury Budget



                           

                                  

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