Friday, April 26, 2013

Lets end the week strong

Yesterday was a weird day for for me that should have been a great day. I took several day traders and sold out flat in almost all except for $GGS and even that one was traded very poorly by me. I entered it @ 2.98 and sold half @ 3.24 and the other half @3.10 it closed @ 3.74. I also took $LEDS, $HZNP and $MTG sold all three either flat or for a few pennies above my entry. $MGM which I had for a swing from 12.98 had a nice little pop and I took my gains right before the close. I was missing break outs left and right $CRIS, $AMBA, $ATRS, $CALL$ENPH $SZYM  and a few others that I have been watching forever seems like.The only explanation I can come up with is >I just wasn't on top of my game.

So Today I am hoping I can get my act together and end the week strong.
Here is todays morning movers and stocks I have on watch.

$CRIS PR, $AVNR PR, $NOR, $MUX pr, $AMKR earnings pr, $AMBA, $ATRS, $AXAS. $DANG, $KTOS, $MELA very thin ,  $MEET, $MEIP thin, $SGYP bottom bounce continuation, $WCRX,$ARC,$HOV  


Seeking Alpha
Today's Markets:
In Asia, Japan -0.3% to 13884. Hong Kong +0.7% to 22548. China -1.0% to 2178. India -0.6% to 19287.
In Europe, at midday, London -0.5%. Paris -0.8%. Frankfurt -0.3%.
Futures at 7:00: Dow -0.2%. S&P -0.25%. Nasdaq -0.3%. Crude -0.7% to $93.00. Gold +0.4% to $1468.00.

Today's economic calendar:
8:30 GDP Q1
9:55 Reuters/UofM Consumer Sentiment

Notable earnings before today's open: ABBV, AEP, AON, ARLP, B, BKW, BPO, COV, CVX, DHI, DLR, DTE, FLIR, GDI, GNC, GT, HMSY, IMGN, ITRI, LAZ, LYB, MPW, NOV, SPG, TRP, TYC, VFC, VTR, WETF, WY

Briefing.com
Gapping down                                                                   

In reaction to disappointing earnings/guidance: COBR -15.5%, (thinly traded), 
PKI -10.8% (also downgraded to Buy from Strong Buy at ISI Group), SIMO -10%   
(also downgraded to Neutral from Buy at Lazard), MMSI -9.6%, BIDU -7.9%, MCRS 
-7.6% (also tgt to $44 from $48.50 at Jefferies, tgt to $47 from $65 at       
Wedbush following earnings), HRB -7.2% (Reports Tax Return Volume Through     
April 18; Share of total U.S. returns essentially flat compared to prior      
year), HMSY -5.9%, ABAX -5.8% (light volume), DECK -5.3%, EXPE -5.3%, ECHO    
-5%, KLAC -5% (also downgraded to Outperform from Buy at Credit Agricole),    
MFLX -4.9%, MXIM -4.3%, TLAB -4% (light volume), NOV -3.9%, KEG -3.4% (light  
volume), CRUS -3.2%, COV -3.2% (ticking lower), GNC -3%, HBHC -2.5% (also     
downgraded at Raymond James and Wunderlich), AMZN -2.4%, PMCS -2.4% (light    
volume), ALTR -2.1%, LEG -1.9% (light volume), SBUX -1.8%, TOT -1.1%, VPRT -1%
(light volume).                                                               
                                                                              
A few financial related names showing modest weakness: DB -1.3%, SAN -1.1%,   
IRE -1%, BCS -0.9%, UBS -0.6%.                                                

Select metals/mining stocks trading slightly lower: MT -1.4%, SLV -1.3%, GFI  
-1.3%, SLW -0.9%.                                                             

A few Chinese internet names are lower following BIDU results: YOKU -1.7%,    
SINA -1.1%, SOHU -0.6%                                                        
                                                                            

Other news: PER -5.5% (announced quarterly distribution of $24.8 mln or       
$0.512/Common Unit and $0.353/Subordinated Unit - prior $31.7 mln or          
$0.603032/unit), PFE -3.2% (received CHMP negative opinion regarding marketing
authorization in Europe for rheumatoid arthritis treatment XELJANZ), AMAT     
-2.5% (following KLAC results), RESI -1.3% (prices 15 mln shares at $18.75 per
share), VOD -0.4% (Vodafone PLC rejects Verizon $100 bln offer for JV,        
according to reports out yesterday), UPS -0.3% (UPS and Teamsters agree on new
5 year deal).                                                                  

Analyst comments: SDT -5.5% (downgraded to Underperform at Oppenheimer), ABC  
-1.3% (downgraded to Neutral from Outperform at Robert W. Baird), ERJ -0.7%   
(downgraded to Sell from Neutral at Citigroup) 


Gapping up                                                                    
                                                    

In reaction to strong earnings/guidance: SYNA +18.2%, LOGM +16.3%, QLIK +14%  
(also tgt to $32 from $30 at Evercore, tgt to $35 from $31 at JMP following   
earnings), AMKR +10.1%, INFA +8.6%, CSTR +8.3%, FSL +8.2%, (light volume), DHI
+6%, THRX +5.9% (also announces Plan to Separate Late-Stage Partnered         
Respiratory Assets From Biopharmaceutical Operations), ALV +3.9%, AMCC +3.2%, 
VRSN +3%, WOOF +2.8%, MOH +2.6%, IGT +2.6%, RSG +2.3% (light volume), DLB     
+1.9% (light volume), WY +1.8%, VFC +1.8%, SWKS +1.7%, CB +1.6% (light        
volume), PMCS +1.6% (light volume), N +1.5%, TYC +1.4% (light volume), CERN   
+1.1%, AXS +0.4% (also upgraded to Outperform from Market Perform at Raymond  
James), COLM +0.3% (light volume) .                                           
    
A few homebuilders are lifting boosted by DHI results: PHM +1.7%, LEN +1.5%,  
HOV +0.8%.                                                                    
   
A few European drug names ticking higher: AZN +0.5%, GSK +0.4%                
                                                                           
Other news: JCP +7.2% (Soros Fund Management discloses 7.91% passive stake in 
13G filing), AVNR +3.1% (receives positive CHMP opinion for approval of       
NUEDEXTA in Europe), NBG +2.2% (still checking), S +2.2% (ticking higher,     
still checking--CLWR reported earnings), GGS +1.6% (light volume, continued   
strength), NFLX +1.5% (following CSTR results, tgt to $325 from $250 at       
Lazard).                                                                       

   
Analyst comments: SPWR +4.4% (upgraded to Outperform from Neutral at Robert W.
Baird), BSX +2.8% (upgraded to Outperform from Neutral at Credit Suisse), FB  
+1.8% (Facebook upgraded to Strong Buy from Outperform at Raymond James), CAM 
+0.6% (upgraded to Outperform from Market Perform at Raymond James)           

Today's Upgrades:
CompanyTickerBrokerage Firm
ProLogisPLDStifel
PetroLogisticsPDHStifel
Basic Energy ServicesBASGlobal Hunter Securities
PulteGroupPHMRBC Capital Mkts
SonySNECredit Agricole
UnisysUISSusquehanna
EQT Midstream PartnersEQMCredit Suisse
FacebookFBRaymond James
Boston ScientificBSXCredit Suisse
CameronCAMRaymond James
Lender ProcessingLPSOppenheimer
AXIS CapitalAXSRaymond James
AixtronAIXGNorthland Capital
Unilever NVUNSociete Generale
Allscripts-Misys HealthcareMDRXMorgan Stanley
Commercial MetalsCMCJefferies
PennyMac MortgagePMTKeefe Bruyette
Regions FinclRFJefferies
bebe storesBEBEJanney
SunPowerSPWRRobert W. Baird
Today's Downgrades:
CompanyTickerBrokerage Firm
Carbo CeramicsCRRGlobal Hunter Securities
DomtarUFSTD Securities
ITT EducationalESICompass Point
Linn EnergyLINEGlobal Hunter Securities
FEMSAFMXBofA/Merrill
USGUSGRBC Capital Mkts
DomtarUFSJP Morgan
Wilson GreatbatchGBCraig Hallum
Meridian BioscienceVIVOCraig Hallum
DCP MidstreamDPMCredit Suisse
ExterranEXLPCredit Suisse
Dresser-RandDRCGuggenheim
Exide TechXIDEWedbush
Silicon MotionSIMOLazard
Hancock HoldingHBHCRaymond James
Ikanos CommsIKANNeedham
Raymond JamesRJFCitigroup
KLA-TencorKLACCredit Agricole
Embraer SAERJCitigroup
SandRidge Mississippian Trust ISDTOppenheimer
PetroLogisticsPDHCitigroup
Carpenter TechCRSJP Morgan
Natl InstrumentsNATIJP Morgan
AlkermesALKSBofA/Merrill
WindstreamWINBofA/Merrill
Hancock HoldingHBHCWunderlich
F5 NetworksFFIVFBR Capital
AmerisourceBergenABCRobert W. Baird
PerkinElmerPKIISI Group
Good luck trading today !!



1 comment:

  1. Hey Tim;
    Is there any way you can send me a link to watch your videos on Swing Trading that you posted in Bulls. I can not seam to bring it up. I started to watch it last week and now I can not get back to it.
    Thanks Lenny Whitmore
    lennywhit@gmail.com

    ReplyDelete