I know it was corny, but hey, I try to get a laugh whenever I can. $ACUR one of my swing positions because I really liked the chart and the drug that they make, had a fantastic pop from a positive article on Seeking Alpha yesterday and that was exactly what I needed to me me back on track for the week. I picked up a couple small positions in $RVLT And $PIP which I am still holding as long as they don't violate my stops. There is a ton of volatility out there which actually gives us more to trade.
Market looks like it is going to open on the upside today we will see if that lasts.
Morning movers and others
$THRX pr,$SVA pr, $FMCN,$KERX, $KGC snapback play, $MUX possible snapback, $CPRX upgrade, $MERU, $ACAD, $SIFY earnings pr, $CY Earnings pr, $BCRX, $OSTK earning pr. $FCEL earning update possible dolla roll
Seeking Alpha
Today's Markets:
In Asia, Japan -1.2% to 13220. Hong Kong -0.3% to 21513. China +0.2% to 2198. India +1.5% to 19016.
In Europe, at midday, London +0.5%. Paris +0.8%. Frankfurt +0.5%.
Futures at 7:00: Dow +0.4%. S&P +0.35%. Nasdaq +0.35%. Crude +1.4% to $87.92. Gold +0.8% to $1393.80.
Today's economic calendar:
8:30 Initial Jobless Claims
9:45 Bloomberg Consumer Comfort Index
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: ADS, AN, APH, BAX, BBT, BPOP, BTU, BX, CY, DHR, FCS, FCX, FITB, KEY, LDK, MMR, MS, NOK, NUE, OMC, PBCT, PENN, PEP, PM, PPG, SHW, SNA, SON, TSM, TZOO, UNH, UNP, VZ
Notable earnings after today's close: ACTG, ALGN, AMD, BGS, CBST, CE, CMG, COF, CPHD, ETFC, GOOG, IBM, ISRG, LSCC, MSFT, RMBS, VMI, WIT
Briefing .com
before the open the following companies are scheduled to report earnings: PPG, APH, BBT, FITB, HOMB, IIIN, PBCT, TSM, UNH, MMR, MS, FCX, PVTB, VZ, BAX, BPOP, CY, FCS, HUB.B, KEY, NOK, SASR, TZOO, UNP, BTU, DHR, NUE, ADS, AN, BX, PENN, SHW, UTEK, WCC, KNL, PM, SNA, OMC, SON, PEP, POOL, SYNT, WSO, LDK
Gapping up
In reaction to strong earnings/guidance: TZOO +10.4%, TSM
+6.6%, CLB +6.1%, NE
+4.6% (light volume), FCS +3.9% (ticking higher), LWAY
+2.2% (thinly +traded),
IPI +2% (light volume), PEP +1.5%, SNDK +1.4%, VZ +1.3%, FCX +1.1%, CYS +0.6%
(light volume).
Metals/mining stocks trading higher: IAG +3.4%, ABX +3.1%, KGC +3%, GG +2.6%,
VALE +2.4% ( issues Q1 production report: 'strong operational performance of
the base metals assets' ), GOLD +2.4%, HMY +2.4%, GDX +2.2%, RIO +1.7%, GLD
+1.5%, SLV +1.2%, .
Select oil/gas related names showing strength: SDRL
+3.6%, E +1%, BP +0.7%.
A few European drug names trading higher: GSK +1.3%
(confirms FDA Advisory
Committee recommends approval of BREO Ellipta for the
treatment of COPD), SHPG +1.3%, AZN +1.1%
Other news: PTGI +22.2% (sold BLACKIRON data for CAD$200
mln to Canada's
Rogers Communications, THRX +18.7% (resumed trading after
hours, confirms FDA Advisory Committee recommends approval of BREO ELLIPTA for the treatment of
COPD), EXAS +10.3% ( Top-line data show co's Cologuard test demonstrates 92%
sensitivity in the detection of colorectal cancer), ALSN +8.7% (announces
withdrawal of proposed secondary offering ), TTM +5.5% (following strength
overseas (along with other Indian names), CCL +2.9% (following yesterday's
Analyst Day), APC +1.2% (provides East Africa exploration
update; Orca-1
discovery well encountered ~ 190 net feet (58 meters) of
natural gas pay in a Paleocene fan system), MU +1.1% (following SNDK results),
ROP +0.7% (confirms plan to acquire Managed Health Care Associates in cash transaction valued at
$1 bln), APL +0.7% (prices public offering of 10.3 mln common units at $34.00
per unit).
Analyst comments: ASML +3.2% (upgraded to Buy from Hold
at Deutsche Bank), AIG
Gapping down
In reaction to disappointing earnings/guidance: NOK
-9.2%, LDK -6.5% (ticking
lower), SCSS -4.9%, UNH -3.2%, EBAY -2.3% (also eBay
downgraded to Neutral from Outperform at Macquarie), KEY -1.9%, PM -1.1%, MS -1%, AXP -0.2%.
A few financial related names showing weakness: CS -0.9%,
BCS -0.6%, HBC
-0.3%.
Other news: EXAS -26.8% (Top-line data show co's
Cologuard test demonstrates
92% sensitivity in the detection of colorectal cancer),
UNXL -10.7% ( prices 1.195 mln share offering at $32.00 per share), MFRM -3.7% and TPX -2.5%
(following SCSS results), ARAY -3.2% (Provides Clarification on Recently
Initiated Voluntary Recalls; no known injuries have been reported to date).
Analyst comments: QGEN -1.8% (initiated with a Sell at
Citigroup), APA -1.6%
(downgraded to Perform from Outperform at Oppenheimer,
downgraded at JPMorgan) | Today's Upgrades: | ||
| Company | Ticker | Brokerage Firm |
| UPS | UPS | RBC Capital Mkts |
| FMC Tech | FTI | RBC Capital Mkts |
| Fusion-io | FIO | Stifel |
| Core Labs | CLB | Tudor Pickering |
| Lottomatica Group | LTTOY | Exane BNP Paribas |
| Textron | TXT | JP Morgan |
| Spectra Energy | SE | Atlantic Equities |
| Gerdau S.A. | GGB | Citigroup |
| Acuity Brands | AYI | Northland Capital |
| HollyFrontier | HFC | BofA/Merrill |
| Cabot Oil & Gas | COG | BofA/Merrill |
| State Auto Fin | STFC | Keefe Bruyette |
| Today's Downgrades: | ||
| Company | Ticker | Brokerage Firm |
| Expeditors Intl | EXPD | RBC Capital Mkts |
| FedEx | FDX | RBC Capital Mkts |
| Allscripts-Misys Healthcare | MDRX | Maxim Group |
| Apache | APA | Morgan Stanley |
| Krispy Kreme | KKD | Wedbush |
| Apache | APA | Oppenheimer |
| Esco Tech | ESE | Oppenheimer |
| Huntington Banc | HBAN | Compass Point |
| Alkermes | ALKS | Mizuho |
My thoughts and prayers go out to those impacted by the events at the Texas fertilizer plant explosion, another terrible tragedy.
Good luck trading today!
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