Monday, April 8, 2013

Morning movers

 Lets see where the market takes us this week.

Stocks that caught my eye this morning

$VICL,$SVA asian bird flu,$PERI,$BCRX pr, $BBRY,$AMRN pr,$RDN upgrade,$MTG upgrade,$BSDM pr, $GLUU, $PBTH pr, $LOCM pr,$NWBO, $KERX,$QTM, $ISIS

Seeking Alpha
Today's Markets:
In Asia, Japan +2.8% to 13193. Hong Kong flat at 21718. China -0.6% to 2212. India -0.1% to 18438.
In Europe, at midday, London +0.3%. Paris +0.7%. Frankfurt +0.3%.
Futures at 7:00: Dow +0.2%. S&P +0.3%. Nasdaq +0.3%. Crude +0.95% to $93.58. Gold +0.1% to $1577.50.

Today's economic calendar:
8:30 Chicago Midwest Mfg. Index
10:00 Employment Trends Index

Notable earnings after today's close: AA

Briefing.com



Gapping down                                                                  

M&A news: OMPI -5.6% (Merz Pharma Group Withdraws Proposal to Acquire OMPI).  

Select financial related names showing weakness: ING -1.4%, CS -1.3%, UBS     
-1.2%, HBC -0.6%.                                                             

       Other news: CEDC -25% (won creditor approval of proposed restructuring plan), 
NBG -16.7% (following WSJ.com report suggesting Greek merger stopped), DCTH   
-6.2% (receives notification of PDUFA date extension), BYI -5% (still         
checking), YUM -0.7% (following news of new Chinese bird flu outbreak).       
   Analyst comments: JNJ -0.7% (downgraded to Neutral from Overweight at JP      
Morgan)                                                                       


Gapping up
 
BCRX +23.5%, LUFK +4%, CLF +3.5%, STZ +3.3%, CYMI +2.3%, WFT      
+2.2%, BUD +1.6%                                                              




Today's Upgrades:
CompanyTickerBrokerage Firm
EPL Oil & GasEPLCapitalOne
Juniper NetworksJNPRArgus
Novartis AGNVSBofA/Merrill
Northrop GrummanNOCJP Morgan
First NiagaraFNFGKeefe Bruyette
LukoilLUKOYGoldman
Whiting PetroleumWLLJP Morgan
Southern CopperSCCOJP Morgan
Today's Downgrades:
CompanyTickerBrokerage Firm
Linn EnergyLINEGlobal Hunter Securities
Public ServicePEGArgus
Penn VirginiaPVAStifel
Magnum HunterMHRStifel
RadwareRDWRNeedham
Johnson & JohnsonJNJJP Morgan
Vail ResortsMTNCredit Suisse
L-3 CommsLLLJP Morgan
Air France-KLMAFLYY.PKBofA/Merrill
OAO GazpromOGZPYGoldman
CA TechCAMizuho

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