My watch list for this morning and morning movers
$NTWK bounce area and pr for new contract,$SKUL pr, $HOV,$BIOL,$ACAD upgrade 13 price target,$LSCC raised guidance,$BAC,$MITK pr, $SRPT upgrade
Seeking Alpha
Today's Markets:
In Asia, Japan +2% to 12468. Hong Kong -0.2% to 22042. China +0.8% to 2257. India -1.5% to 19008.
In Europe, at midday, London -0.4%. Paris -0.8%. Frankfurt -0.5%.
Futures at 7:00: Dow -0.1%. S&P -0.1%. Nasdaq -0.1%. Crude +0.1% to $93.81. Gold -0.2% to $1602.50.
Today's economic calendar:
FOMC meeting begins
7:45 ICSC Retail Store Sales
8:30 Housing Starts
8:55 Redbook Chain Store Sales
Notable earnings before today's open: DSW, FDS, RNF, SVNT, WAC
Notable earnings after today's close: ADBE, CTAS, FRAN, TRQ, WSM
Briefing.com
Gapping down
In reaction to disappointing earnings/guidance: WSCI
-19.2% (thinly traded),
INTX -14%, FF -9.2%, DSW -6%, LULU -5.6%, (Black Luon
pants shortage expected, downgraded to Neutral from Buy at Sterne Agee).
Select financial related names showing modest weakness:
NBG -3.1%, BCS -1.4%,
DB -1.2%, IBN -1.2%.
Select metals/mining stocks trading lower: RIO -3.7% (
added to Conviction
Sell list; downgraded from Neutral at Goldman), BBL
-2.3%, MT -1.8%, GFI -1.4%, AU -1.2%.
Other news: AFFY -58.9% (announces reduction in force to
align resources
around ongoing product investigation; to retain a bank to
evaluate strategic alternatives), HNR -49.2% (files to delay its 10-K), GLCH -11.6% (following
commentary in 10-K), STSI -8.6% (discloses update in 10-K; responding to
subpoenas in a government investigation), CAH -6.2% (completes acquisition Of
AssuraMed), USMO -5% (files to delay its 10-K), CMLP -4.6% (announces public
offering of common units), HPT -4.4% (announces proposed public offering of 10 mln common shares), LRE -4.3% (to acquire oil and gas producing properties in Oklahoma from Lime Rock Resources for $38.2 mln and announces public offering
of common units of 6 mln common units, including 3 mln by Lime Rock
Resources), HEP -4% (announces public offering of 1.875 mln common units
representing limited partner interest), ARMH -2.1% (announces CEO succession
plan; CEO Warren East has decided to retire, effective 1 July 2013), SQNM -2%
(files to delay its 10-K), TWO -1.9% (announces public offering of 50 mln
shares of common stock), TICC -1.6% (commences 3 mln share public offering of
common stock), CHTR -0.9% (Charter Communications and Liberty Media
Corporation Announce Agreement for Investment).
Analyst comments: JNPR -3.3% (downgraded to Sell from
Neutral at Goldman),
AGCO -1.1% (downgraded to Neutral from Buy at UBS), DE
-1.1% (downgraded to Neutral from Buy at UBS), ERIC -0.8% (downgraded to Hold from Buy at Nordea)
Gapping up
In reaction to strong earnings/guidance: ABC +6.6% (light
volume, also
AmerisourceBergen announces strategic, long-term
relationship with Walgreens (WAG) and Alliance Boots; agreements are expected to be meaningfully accretive
to ABC's earnings), EA +4.8% (also announced that John Riccitiello will step
down as Chief Executive Officer), ROVI +2%, WAG +1.3% (also deal with ABC).
M&A related: DELL +1.9% (reports out indicate
Blackstone considering
outbidding Silver Lake for Dell), LCC +1.2% (higher on
reports that AMR deal not likely to be delayed), .
Other news: SKUL +6% (names Hoby Darling President and
Chief Executive
Officer), ZLCS +3.7 (presents data demonstrating
advantages of state-dependent ion channel screening says 'it may be possible to broaden the therapeutic
window, minimize adverse effects'), SNE +3.5% (still checking), YRCW +2.3% (
is not aware of any specific developments to which the recent sharp increase
in its stock trading volume and price would be attributable), DFS +1.4%
(following positive Meredith Whitney comments), BA +1% (plans to announce a
major airplane order today, according to reports), HUN +0.5% (announces
successful completion of it's scheduled maintenance at Port Neches; total
estimated impact on first quarter 2013 EBITDA is ~$55 mln).
Analyst comments: SRPT +3.1% (initiated with a Buy at
Deutsche Bank), ACAD
+2.9% (initiated with a Buy at Jefferies), TEF +1.8%
(upgraded to Overweight fom Equal-Weight at Morgan Stanley), EBAY +1.8% (upgraded to Buy at Cantor
Fitzgerald), AUY +1.1% (upgraded to Buy at Cowen), HAIN +1% (upgraded to Buy
from Neutral at Longbow, also positive mention on MadMoney)
Up/Downgrades |
| Today's Upgrades: | ||
| Company | Ticker | Brokerage Firm |
| Toll Brothers | TOL | Raymond James |
| Weyerhaeuser | WY | Raymond James |
| Lennar | LEN | Raymond James |
| KB Home | KBH | Raymond James |
| NextEra Energy | NEE | KeyBanc Capital Mkts |
| Spreadtrum Comms | SPRD | Chardan Capital Markets |
| eBay | EBAY | Cantor Fitzgerald |
| America Movil SA | AMX | Morgan Stanley |
| Infinera | INFN | Goldman |
| Telefonica S.A. | TEF | Morgan Stanley |
| Yamana Gold | AUY | Cowen |
| Remy Cointreau | REMYF | HSBC Securities |
| Today's Downgrades: | ||
| Company | Ticker | Brokerage Firm |
| Cardinal Health | CAH | Lazard |
| Virtus Investment Partners | VRTS | Sandler O'Neill |
| CapitalSource | CSE | Sandler O'Neill |
| Palomar Medical | PMTI | Maxim Group |
| OGE Energy | OGE | Argus |
| Cracker Barrel | CBRL | Miller Tabak |
| Pike Electric | PIKE | Stifel |
| PDC Energy | PDCE | Stifel |
| Bonanza Creek Energy | BCEI | Stifel |
| Pernix Therapeutics | PTX | Cantor Fitzgerald |
| Marathon Oil | MRO | Susquehanna |
| Electronic Arts | EA | Needham |
| Unum Group | UNM | BofA/Merrill |
| Momenta Pharma | MNTA | BofA/Merrill |
| Affymax | AFFY | MLV & Co |
| BHP Billiton | BHP | Goldman |
| RadioShack | RSH | BofA/Merrill |
| Juniper Networks | JNPR | Goldman |
| Kohl's | KSS | Morgan Stanley |
Good luck trading today
No comments:
Post a Comment