Looks like we may open higher this morning but maintaining that higher open by the end of the day seems to be the challenge. Yesterday I had a couple of decent trades in $CLDX, and $MUX. I took a starter position in $TASR @ $8, It was very small because they have earnings next week and I like it for a long term hold in my IRA.
Morning Watch
$ANAC, $ARQL over 3, $LLEN, $NKTR, $ACAD, $AMPE over 5, $AXAS, $CADX, $CERS, $CIMT,$DVAX,$ENZN, $SZYM, $NIHD
Seeking Alpha
Today's economic calendar:
12:00 PM Jeremy Stein: 'Liquidity Regulation'
Notable earnings before today's open: BHI, COL, FHN, FNFG, GE, GPC, HON, IPG, KMB, KSU, LH, MAN, MCD, NPBC, SAP, SLB, STI, STT, TCB, TNP, UA
Briefing.com
Gapping up
In reaction to strong earnings/guidance: RH +9%, BGS
+5.3%, CMG +4.8%, UA
+3.5% (light volume), KMB +2.6%, MSFT +2.5%, SLB +2.1%,
CPHD +1.9%, GOOG +1.8%, COF +1.3%, HON +1.2%, ETFC +0.4%.
M&A related: MDLZ +2.3% and PEP +0.8% (Trian's Nelson
Peltz takes $2.5 bln
stake in PEP and MDLZ; rumors that he wants PEP to spin
off Frito Lay and merge it with MDLZ - CNBC).
Select financial related names showing strength: UBS
+4.7% (upgraded to Buy
from Hold at Deutsche Bank), ING +3.2%, HBC +2.6%, BCS
+1.8%, DB +1.8%, SAN +1.5%, .
Metals/mining stocks trading higher: GFI +5.7%, IAG
+3.7%, GOLD +3.3%, GG
+3.1%, ABX +2.9%, GDX +2.8%, NEM +2.5%, SLV +2.2%, RIO
+2.1%, GLD +2%, MT +2%, EGO +1.9%, BHP +1.5%.
A few telecom names are trading higher: TEF +2.2% (upgraded to Outperform from
Mkt Perform at Bernstein), FTE +1.5%, VOD +1.5%
Other news: VRTX +53.2% (Treatment with VX-661 and
Ivacaftor in a Phase 2
study resulted in statistically significant improvements
in lung function in people with cystic fibrosis who have two copies of the F508del mutation), VVUS
+5% (discloses number of prescriptions of Qsymia shipped to patients for month
ended Jan 31, 2013 were 16,733; month ended Feb 28, 2013 were 18,417; month
ended Mar 31, 2013 were 23,812), ASML +1.8% (still checking), ADK +1.4% (
Board of Directors to Review Unsolicited Tender Offer If and When Commenced),
BP +0.8% (BP is not certain of total oil spill costs, according to reports),
HERO +0.7% (following positive Barron's mention).
Analyst comments: OSTK +1.6% (upgraded to Buy from
Neutral at BofA/Merrill)
Gapping down
In reaction to disappointing earnings/guidance: PRGX
-18.1%, AIRM -17.2%, ALGN
-7.1%, BGG -5.7% (light volume), IBM -4.4%, AMD -4%, SAP
-3.1%, ISRG -3%, GE
-3%, CBST -2.2% (light volume), ACTG -1.9% (light
volume), MCD -1.5%.
M&A news: DELL -3.2% (Dell Special Committee receives
notice of withdrawal
from Blackstone), S -0.8% (DISH Network has asked US
officials to stop the
review of the Softbank /Sprint deal, according to
reports).
Other news: CIE -5.3% (announces drill stem test results
from Cameia #2 lowest interval and provides update on operations), VELT -2.9%
(prices 16.5 mln share
offering at $1.50 per share), HPQ -2% (lower with IBM and
DELL), IMUC -1.7%
(discloses Controlled Equity Offering Sales Agreement for
up to $25 mln in
common stock).
Analyst comments: COH -1.2% (downgraded to Neutral from
Outperform at Robert
W. Baird), TXN -0.3% (downgraded to Mkt Perform from
Outperform at Raymond
James)
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Good luck trading today !!
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