Tuesday, March 26, 2013

Recap and watch list

I took a few trades yesterday with mixed results. I jumped into $ZAZA $RVLT and $STXS early. I was stopped out of  $$ZAZA for a 3 cent loss I took a 30 cent gain in $STXS and I am still holding $RVLT as well ad my $ASTX swing from Friday.

I also added $VRNG to my long term hold account @ 2.75 If it hits 2.65 today I will be adding again.

The market is a little tricky and it seems like  a clear direction is a challenge to determine as many of the stocks I am watching have been very choppy.

Watch list for today

$THRX PR, $THLD, $MRGE pr, $MPEL, $MGM, $GA, $OCZ, $HZNP, $HIMX, $GPK bounce play, $GALE, $CMLS, $MNKD



Seeking Alpha
Today's Markets:
In Asia, Japan -0.6% to 12471. Hong Kong +0.3% to 22311. China -1.4% to 2575. India +0.1% to 18684.
In Europe, at midday, London +0.1%. Paris +0.7%. Frankfurt +0.3%.
Futures at 7:00: Dow +0.2%. S&P +0.3%. Nasdaq +0.3%. Crude +0.5% to $95.31. Gold -0.6% to $1596.40.

Seeking Alpha
Today's economic calendar:

Tuesday's economic calendar:
7:45 ICSC Retail Store Sales
8:30 Durable Goods
8:55 Redbook Chain Store Sales
9:00 S&P Case-Shiller Home Price Index
10:00 Consumer Confidence
10:00 State Street Investor Confidence Index
10:00 Richmond Fed Mfg.
10:00 New Home Sales
1:00 PM Results of $35B, 2-Year Note Auction

Notable earnings before today's open: TRQ

Notable earnings after today's close: SAI, MBLX

BRIEFING.com
Gapping up                                                                    
  
In reaction to strong earnings/guidance: PATH +5.2% (thinly traded), SONC +4%,
AFOP +2.3% (thinly traded).                                                   
    
Other news: USG +2.6% (modestly rebounding), BBRY +1.9% (launch of new TV     
content partners on BB10), YHOO +0.9% (still checking for anything specific). 

                                                                              

Analyst comments: RFMD +4.9% (upgraded to Outperform from Perform at          
Oppenheimer), BTU +2.2% (upgraded to Outperform from Market Perform at Raymond James), GDOT +1.9% (ticking higher, upgraded to market outperform from market perform at JMP Securities), EA +1.4% (upgraded to Overweight at Piper         
Jaffray), AMX +0.8% (upgraded to Buy from Neutral at BofA/Merrill ), NFLX     
+0.7% (Hearing positive comments at Pacific Crest; tgt $225 from $160)        


Gapping down                                                                  
     
In reaction to disappointing earnings/guidance: GMAN -10% (also downgraded to 
Hold from Buy at Stifel, downgraded to Neutral from Overweight at Piper       
Jaffray), PLCE -6.3%, FMCN -1.8%.                                             

                                                                             
Select financial related names showing weakness: NBG -10.1%, BBVA -2.8%, SAN  
-1.8%, RBS -1.6%, IRE -1.1%, .                                                
       
Select telecom related stocks trading lower: TI -6% (downgraded to Equal      
Weight from Overweight at Barclays, downgraded to Underperform from Neutral at
BofA/Merrill), PT -1.9%, TEF -1%, VOD -0.7%.                                   

        
Other news: ZIOP -60% (terminates development of palifosfamide in metastatic  
soft tissue sarcoma; restructuring to place exclusive strategic focus on      
synthetic biology programs), COA -3.1% (intends to offer common shares in an  
underwritten public offering), CLMT -2.8% (announces public offering of 5.25  
mln common units), ASML -1.3% (still checking for anything specific).         

Analyst comments: AINV -1.6%, TICC -1.3% and PSEC -1.3% (downgraded to        
Underperform at Wells Fargo), PNNT -1.1% (downgraded to Market Perform from   
Outperform at Wells Fargo)                                                     


Up/Downgrades
Today's Upgrades:
CompanyTickerBrokerage Firm
America Movil SAAMXBofA/Merrill
BroadsoftBSFTRaymond James
Natl Oilwell VarcoNOVGuggenheim
Green DotGDOTJMP Securities
RF Micro DeviceRFMDOppenheimer
Peabody EnergyBTURaymond James
Wm Morrison SupermarketsMRWSYCitigroup
Electronic ArtsEAPiper Jaffray
Today's Downgrades:
CompanyTickerBrokerage Firm
Gordmans StoresGMANStifel
Southwestern EnergySWNStifel
Cabot Oil & GasCOGStifel
Two Harbors InvestmentTWOCompass Point
Magellan HealthMGLNRaymond James
Apollo InvestmentAINVWells Fargo
Telecom ItaliaTIBofA/Merrill
Horizon Technology FinanceHRZNWells Fargo
Medley CapitalMCCWells Fargo
Pennant InvestmentPNNTWells Fargo
Prospect CapitalPSECWells Fargo
THL CreditTCRDWells Fargo
TICC CapitalTICCWells Fargo
Kraton Performance PolymersKRAOppenheimer
Gordmans StoresGMANPiper Jaffray

Good luck today

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