Stocks on the move and some that just caught my eye
$Dara pr,$RTK pr stock buyback,$AMPE possible red to green,$GNMK upgrade,$NSPH upgrade,$BCOV possible snapback, $CADX, $NUGT, $CERS, $CHTP, $CY snapback may need a couple more days,$NEON, $NVDQ,$CUR
Seeking Alpha
Today's Markets:
In Asia, Japan +1.9% to 13568. Hong Kong +0.1% to 22044. China -0.1% to 2242. India +0.8% to 19170.
In Europe, at midday, London +0.7%. Paris +0.6%. Frankfurt +0.9%.
Futures at 7:00: Dow +0.5%. S&P +0.5%. Nasdaq +0.7%. Crude +0.8% to $88.71. Gold +2.6% to $1431.80.
Today's economic calendar:
8:30 Chicago Fed National Activity Index
10:00 Existing Home Sales
Notable earnings before today's open: BEAV, BOH, CAT, CHKP, HAL, HAS, NVR, PHG, SIX
Notable earnings after today's close: ACE, AMP, CNI, HXL, ILMN, NFLX, NXPI, PKG, RCI, SANM, STM, SWFT, TXN, VECO, ZION
Briefing.com
Gapping up
M&A news: AIM +58.4% (ticking higher, Aerosonic and
TransDigm announce
acquisition agreement; Aerosonic stockholders to receive
$7.75 per share in cash), PWER +53.5% (Power-One to be aquired by ABB for $6.35 per share), MPR
+47.9% (Met-Pro Corp to be acquired by CECE for $13.75 per share).
Select financial related names showing strength: NBG
+9.4%, RBS +3.2%, BCS
+2%, CS +1.8%, HBC +1.1%, .
Metals/mining stocks trading higher: GFI +3.8%, SSRI
+3.6%, SLW +3.4%, ABX
+2.9%, EGO +2.8%, KGC +2.3%, GG +2.2%, GOLD +2%, GLD
+1.8%, SLV +1.8%, GDX +1.1%, NEM +1%.
Other news: CWH +4.6% (Barron's profiles positive view on
CommonWealth), ZNGA
+3.4% (still modestly higher but contrary to reports out
over the weekend, Bidu not looking to acquire ZNGA for $10/share), RDC +3.1% (following HAL
results), ODP +2.6% (Starboard files preliminary consent statement seeking to remove and replace a minority of Office Depot's board), ACTG +1.4% (announced
that its Brandywine Communications Technologies subsidiary has entered into
license and settlement agreements), YHOO +1.4% (confirmed upcoming changes on
its company blog), SDRL +1.2% (still checking), ABB +0.8% (Power-One to be
aquired by ABB (ABB) for $6.35 per share), FB +0.5% (Facebook Home downloads
surpass 500K, according to reports out), AAPL +0.4% (Forbes discusses AAPL
potentially bringing in a replacement for CEO Tim Cook, upgraded at Avondale).
Analyst comments: MDC +5.9% (light volume, upgraded to
Neutral from
Underperform at Credit Suisse), GILD +2.7% (tgt raised to
$65 from $46 at
Morgan Stanley), SRPT +1.9% ( initiated with a Buy at
Needham)
Gapping down
In reaction to disappointing earnings/guidance: PHG
-2.8%.
Select mining stocks trading lower: MT -1.0%, BBL -0.7%, RIO -0.6%.
Analyst comments: WIT -4.1% (downgraded at JPMorgan and
Jefferies), GE -0.8%
(downgraded to Neutral from Overweight at JP Morgan), KMB
-0.4% ( downgraded to Neutral from Buy at BofA/Merrill), VZ -0.2% (Verizon downgraded to Neutral
from Outperform at Macquarie)
| Today's Upgrades: | ||
| Company | Ticker | Brokerage Firm |
| Hexcel | HXL | RBC Capital Mkts |
| EADS | EADSY | RBC Capital Mkts |
| Netflix | NFLX | B. Riley & Co. |
| Valmont | VMI | Wedbush |
| V.F. Corp | VFC | Wedbush |
| East West Banc | EWBC | Keefe Bruyette |
| Meadowbrook Ins | MIG | Keefe Bruyette |
| Natixis SA | NTXFY.PK | Credit Suisse |
| USG | USG | Credit Suisse |
| Beazer Homes | BZH | Credit Suisse |
| MDC Holdings | MDC | Credit Suisse |
| Perrigo | PRGO | JP Morgan |
| AbbVie | ABBV | Morgan Stanley |
| First Horizon | FHN | Compass Point |
| BHP Billiton | BHP | HSBC Securities |
| Today's Downgrades: | ||
| Company | Ticker | Brokerage Firm |
| Under Armour | UA | Buckingham Research |
| Baker Hughes | BHI | Argus |
| VMware | VMW | Credit Agricole |
| Carnival | CCL | Nomura |
| McDonald's | MCD | Credit Agricole |
| Penn Natl Gaming | PENN | Morgan Stanley |
| Kimberly-Clark | KMB | BofA/Merrill |
| Alkermes | ALKS | Lazard |
| Wipro | WIT | Jefferies |
| Wipro | WIT | JP Morgan |
| General Electric | GE | JP Morgan |
| LM Ericsson | ERIC | Societe Generale |
| OAO Gazprom | OGZPY | HSBC Securities |
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