A few Stocks that caught my eye this morning
$DRRX upgrade, $ZAZA PR, $TSRX pr, $PAL pr, $VNDA pr, $ARWR pr, $ARRY Upgrade, $BLDP pr,$GALE pr ,$OCZ pr
Seeking Alpha
Today's Markets:
In Asia, Japan +1.7% to 12546. Hong Kong +0.6% to 22251. China -0.1% to 2327. India -0.3% to 18681.
In Europe, at midday, London +0.9%. Paris +1.4%. Frankfurt +1.3%.
Futures at 7:00: Dow +0.3%. S&P +0.5%. Nasdaq +0.6%. Crude +0.5% to $94.18. Gold -0.3% to $1603.60.
Today's economic calendar:
8:30 Chicago Fed National Activity Index
10:30 Dallas Fed Manufacturing Outlook
1:15 PM Bernanke at the London School of Economics
Notable earnings before today's open: APOL, DG, JASO
Notable earnings after today's close: AUQ, FMCN
Briefing.com
Gapping up
In reaction to strong earnings/guidance: APOL +6.2%, DG
+2.2%.
M&A related: DELL +3.3% (Dell Special Committee
confirms receipt of 2 alternative acquisition proposals in 'Go-Shop' process ), SFD +5% (following
reports that the co is exploring options and hired advisor), HES +0.9%
(WSJ.com report suggesting potential M&A).
Financial related names showing strength: NBG +7.4%, DB +2.4%, UBS +1.9%, ING
+1.8%, CS +1.7%, BCS +1.6%, MS +1.4%, BAC +1.1%, SAN +1.1%, HBC +1%, C +1%, .
Other news: ARWR +14.9% (Arrowhead Research induces 90%
reduction in hepatitis
B antigens in chimpanzee with chronic infection: data
follow previous report of reduction in viral DNA), ZAZA +11.5% (announces definitive purchase and
sale agreement and follow-on purchase and sale agreement of its Moulton
Assets; co to sell its Moulton assets in two separate transactions for a
combined purchase price of $52.5 mln), BLDP +4.7% (China's Azure Invests $2M
in Ballard Telecom Backup Power Subsidiary), ARMH +3%, SAP +1.7% and ERIC
+1.4% (still checking), TSRX +3% (announces positive results from
+ESTABLISH 2
study of tedizolid in severe skin infections; tedizolid met all primary and
secondary efficacy outcomes designated by the fda and ema; NDA filing expected
second half of this year), SRPT +2.7% (following positive Barron's mention),
VOD +2.1% (is considering selling its Verizon (VZ) wireless shares, according to reports), CPWR +1.1% (seeing modest strength following positive mention on
MadMoney on Friday, CQP +0.7% (Cheniere Energy Partners and Centrica sign
20-year LNG sale and purchase agreement for LNG exports from Sabine Pass),
AAPL +0.7% (to acquire mapping application provider WiFiSlam), NVS +0.4% (FDA approves TOBI Podhale for certain cystic fibrosis patients, the first and only
dry powder inhaled antibacterial in US).
Analyst comments: GALE +5.2% (initiated with a Buy at
Needham), ALL +1.6%
(upgraded to Buy from Neutral at Goldman), BBY +0.5%
(Hearing estimates and price target raised at Barclays)
Gapping down
In reaction to disappointing earnings/guidance: JASO
-7.1% (light volume).
Select metals/mining stocks trading lower: GFI -1.9%, KGC
-1.6%, CLF 1.3%, EGO 1.4%, IAG -1.2%, ABX -1.0%, GG -0.9%.
Other news: IDIX -8.7% (announces decision by the United
States Patent and
Trademark Office Patent Trial and Appeal Board in the
first phase of the interference Idenix was determined to be the 'junior party'), BBRY -6.4%
(BlackBerry Z10 launch mentioned cautiously in WSJ report out over the
weekend; downgraded to Neutral from Buy at Goldman), UTHR -6.3% (receives
second Complete Response Letter for oral Treprostinil NDA).
Analyst comments: JCP -1.5% (downgraded to Underperform
from Market Perform at
BMO Capital Mkts), SIAL -1.4% (downgraded to Underperform
from Neutral at BofA/Merrill), IGT -0.5% (downgraded to Neutral from Outperform at Macquarie),
IGT -0.5% ( downgraded to Neutral from Outperform at Macquarie)
| Today's Upgrades: | ||
| Company | Ticker | Brokerage Firm |
| KB Home | KBH | Williams Financial Group |
| TETRA Tech | TTI | Howard Weil |
| Cedar Shopping Centers | CDR | Stifel |
| Canadian Natl Rail | CNI | Raymond James |
| W.R. Berkley | WRB | Goldman |
| Allstate | ALL | Goldman |
| CNOOC Ltd | CEO | BofA/Merrill |
| CNOOC Ltd | CEO | Jefferies |
| Array Biopharma | ARRY | Piper Jaffray |
| Royal Bank of Scotland | RBS | Goldman |
| Saul Centers | BFS | Robert W. Baird |
| Endocyte | ECYT | Robert W. Baird |
| Today's Downgrades: | ||
| Company | Ticker | Brokerage Firm |
| CIT Group | CIT | Compass Point |
| Red Hat | RHT | Raymond James |
| Celgene | CELG | WallachBeth |
| Check Point Software | CHKP | Lazard |
| Sigma-Aldrich | SIAL | BofA/Merrill |
| RenaissanceRe | RNR | Goldman |
| PartnerRe | PRE | Goldman |
| AXIS Capital | AXS | Goldman |
| Mylan Labs | MYL | Bernstein |
| WABCO Holdings | WBC | JP Morgan |
| Virtusa | VRTU | JP Morgan |
| Iberdrola SA | IBDRY.PK | JP Morgan |
| SPX Corp | SPW | JP Morgan |
| Textron | TXT | JP Morgan |
| Patterson-UTI | PTEN | Raymond James |
| Airgas | ARG | BofA/Merrill |
| BlackBerry | BBRY | Goldman |
| Whole Foods | WFM | Piper Jaffray |
| Remy Cointreau | REMYF | Nomura |
| Life Technologies | LIFE | Citigroup |
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