Tuesday, April 30, 2013

Fairly good start

Yesterday I sold off a few more swing positions half $BIOL when it crossed six and $CRIS right before the close because I didn't want to hold into earnings. I also sold out of $MELA @ 1.29 taking a 1 cent loss they report earnings as well.
I did catch a couple day trades in $MITK and $NQ. I am completely out of $MITK and most of $NQ with a nice profit. I am still holding a couple hundred shares of $NQ  for a lotto play.
I missed plays in $LEDS $LLEN and $FXEN and $AMBA
  
Morning movers and stocks that caught my eye
$MGM pr, $ZIXI pr, $CYCC pr,$ASTX earnings pr already in with swing,$AMFA,$TQNT pr,$CRME,$ANAD earnings pr, $GEVO gone crazy> reports earnings after the close today be careful here  , $BBRY, $SWHC,$BCRX, $DTLK earnings,  





Seeking Alpha

Today's economic calendar:
FOMC meeting begins
8:30 ICSC Retail Store Sales
8:30 Employment Cost Index
8:55 Redbook Chain Store Sales
9:00 S&P Case-Shiller Home Price Index
9:45 Chicago PMI
10:00 Consumer Confidence
10:00 State Street Investor Confidence Index
3:00 PM USDA Ag. Prices

Notable earnings before today's open: ABFS, AET, AGCO, AMED, ARCO, AVP, BEN, BP, CIE, CMI, CNH, COCO, CRIS, CYNO, DBD, DDD, DPZ, ECL, EPD, ESV, EXAS, FCH, FIS, FLWS, GAS, GOV, HCLP, HCP, HEP, HNR, HOT, HRS, HUN, HW, IVZ, KLIC, LM, MCGC, MHP, MLM, MNTA, MPC, MPLX, MSO, MTG, MTOR, MWV, NEE, NI, NYX, ODP, OSK, PBI, PEG, PES, PFE, ROC, SAVE, SIRI, TFX, THC, TRI, TRW, UBS, UDR, VLO, VSH, WEC, X, XYL, ZTS

Notable earnings after today's close: ACAS, AFFX, AJG, AMRS, APU, ATLS, AUY, AVB, BCOV, BGC, BLMN, BXP, CAVM, CLD, CRAY, DDR, DENN, DGI, DWA, EEP, EIX, ELGX, ELLI, ENTR, EQR, EZPW, FEIC, FIRE, FISV, FLEX, FMC, FTNT, GDOT, GEVO, GNW, HCBK, HT, HTCH, IACI, INT, JIVE, JLL, JMBA, LEAP, MDU, MERU, MRGE, MSPD, MTW, MWA, MX, NANO, NCR, NUVA, OKE, OKS, PRAA, PRXL, QCOR, QEP, REXX, RGC, RPXC, SGI, SHOR, SIMG, SKT, SM, SONS, STR, SWI, TE, TRMB, TRN, UGI, ULTI, UNTD, UNXL, VNR, VRSK, VRTX, WNC, WRI, WU, XCO



Briefing.com

Gapping up                                                                    

    
In reaction to strong earnings/guidance: DTLK +8.3%, HTWR +7.7%, HPY +7%, TXRH
+6.9%, ANAD +6.6% (also upgraded to Buy from Hold at Craig Hallum,
+upgraded aCharter Eq), AVP +6.1%, UBS +5.5%, VSH +3.6%, (light volume), BP +3.4%, LYG   
+3%, ESRX +2.3%, SU +2.3%, VLO +2.2% (light volume), HOT +2.1%, DPZ +2%, RGR  
+1.6%, DDD +1.1%, HLF +0.6%, PRE +0.5% (light volume), HTZ +0.5% (light       
volume).                                                                      

     
M&A news: CXPO +14.9% (Contango Oil & Gas and Crimson Exploration enter into  
merger agreement; each share of Crimson stock will be converted into 0.08288  
shares of Contango stock resulting in Crimson stockholders owning 20.3% of the
post-merger Contango).                                                         
                                                                           
Select financial related names showing strength: DB +5.6% (multiple analyst   
upgrades, release earnings yesterday intraday), RBS +4.6%, CS +1.0%, BCS      
+0.7%.                                                                        
                   
A few oil/gas related names showing modestly higher: CHK +1.7%, RDS.A +0.8%,  
SD +0.5%, PBR +0.3%, .                                                        
    
Other news: OIS +7.1% (JANA Partners disclosed 9.1% active stake in 13D       
filing; JANA has had discussions with management regarding separating its Well
Site Services, Offshore Products, and Tubular Services segments), BBY +5%     
(Best Buy to sell its stake in European business to Carphone Warehouse), TTHI 
+4.4% (thinly traded, Transition Therapeutics announces results of clinical   
study of Type 2 diabetes drug candidate TT-401; TT-401 demonstrated           
significant improvements in glycemic control and reductions in body weight),  
TQNT +4% ( Starboard Value disclosed 7.8% active stake in 13D filing out last night after the close), ACT +1.3% (ticking higher, Barron's profiles positive 
view on Actavis and Valeant Pharmaceuticals based on valuation even if deal   
does not come through).                                                       

   
Analyst comments: SINA +2.5% (upgraded to Buy from Hold at Jefferies), CENX   
+1.9% (light volume, upgraded to Buy from Hold at Cowen ), SNV +1.9% (light   
volume, upgraded to Buy from Neutral at BofA/Merrill)

  
Gapping down                                                                  
   
In reaction to disappointing earnings/guidance: NBS -22.2% (also prices 20 mln
shares of common stock at $0.50 per share), MTG -12.4%, NUAN -8.2%, PBI -8%,  
IPHS -7.5% (light volume), RVBD -6.7%, DBD -6.1%, AOSL -5.8%, (thinly traded), QGEN -5.1% (also acquires Ingenuity Systems, a provider of software solutions to analyze and interpret the biological meaning of genomic data, for $105 mln 
in cash ), PFE -4.7%, MAS -4.5%, HELE -4% (light volume), NYMT -3.7%, (plans  
to make a public offering of 13,600,000 shares of its common stock), CMI      
-2.9%, X -2.5%, BWLD -2.5%, HIG -1.7%, NEM -1.7%, BVN -1.5% (light volume),   
PCL -0.2% (also downgraded to Underperform at DA Davidson based on valuation  
as share price exceeds NAV).                                                  

Select metals/mining stocks trading lower: GOLD -2.5%, BHP -1.8%, BBL -1.8%,  
RIO -1.3%.                                                                    
  
Other news: DCTH -13.7% and AVEO -9.9% (Briefing docs for Oncological Drugs   
Advisory Committee meeting on May 2 released; FDA to discuss drugs from AVEO  
Pharmaceuticals and Delcath Systems ), MBI -5.5% (attributed to ruling in     
Countrywide lawsuit), NYMT -5.1% (plans to make a public offering of          
13,600,000 shares of its common stock), IRDM -4.3% (Iridium Communications JV,
Aireon, signs long-term data services contract with NAV CANADA), NTI -3.8%    
(commenced an underwritten public offering of 10,000,000 common units         
representing limited partner interests in the Partnership held by Northern    
Tier Holdings ), FEN -3.1% (commences public offering of common shares), PHG  
-2.8% (still checking), FIVE -2.7% ( discloses clarification of same store    
sales figures in filing), GSK -1.9% (following PFE results), VOD -0.9% (still 
checking).                                                                    
                                                          
Analyst comments: PHM -0.5% (downgraded to Neutral from Overweight at JP      
Morgan). 
Today's Upgrades:
CompanyTickerBrokerage Firm
Deutsche BankDBRBC Capital Mkts
BNC BancorpBNCNSandler O'Neill
Advent SoftwareADVSSandler O'Neill
Auxilium PharmaAUXLStifel
AnadigicsANADCraig Hallum
DomtarUFSCredit Agricole
Deutsche BankDBNatixis Bleichroeder
Century AluminumCENXCowen
Royal KPNKKPNYJefferies
Deutsche BankDBCredit Suisse
Boardwalk PipelineBWPCredit Suisse
SINASINAJefferies
Wesco AircraftWAIRBofA/Merrill
Chart IndustriesGTLSMorgan Stanley
Kilroy RealtyKRCBofA/Merrill
SynovusSNVBofA/Merrill
Deutsche BankDBNomura
Deutsche BankDBJP Morgan
InvensysIVNYYSociete Generale
Air ChinaAIRYY.PKHSBC Securities
China Eastern AirlinesCEAHSBC Securities
AnadigicsANADCharter Equity
Today's Downgrades:
CompanyTickerBrokerage Firm
ConceptusCPTSSummer Street Research
GarminGRMNPacific Crest
Buenaventura SABVNCredit Suisse
Liquidity ServicesLQDTBofA/Merrill
Plum CreekPCLDA Davidson
NIC IncEGOVRaymond James
New Mountain FinanceNMFCWells Fargo
Greenway MedicalGWAYJP Morgan
PulteGroupPHMJP Morgan
CapitalSourceCSEFBR Capital
LRR Energy L.P.LRERobert W. Baird
LinnCoLNCORobert W. Baird
Legacy ReservesLGCYRobert W. Baird
Atlas Resource PartnersARPRobert W. Baird


Good luck trading today!!                                                                      


                       

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