Then I picked up some $CALI under 5 after it had a nice pop @ the open off what appeared to be a strong earnings release. It hovered in the 5 dollar range nearly all day and the the bottom fell out. Strike Two
Another stock off my watch list had a pop @ the open and I kept trying to get an entry $PAL shot up to 1.75 and I actually bought it when it pulled back to its 200 day @ 1.69 thinking it would hold. Then it fell below. Thankfully it closes @ 1.72 So I am actually up two cents on the trade.
I took a loss in my first two trades and I am barely up on my last one. In the meantime I had several other opportunities pass me by from my watch list. It wasn't a good day. To be fair I did sell a couple swing positions for a nice gain so it wasn't a total loss and today is a new day.
This mornings Watch list
$ASTX moving premarket, $MNKD tried to breaak yesterday, $BBRY held up well yesterday, $BIOL held up well crossing 20 day, $GA had a nice move yesterday possible continuation, $ACAD looking for flag break, $DCTH,$ACUR,$CYTK, $MEET, $ONTY,
Seeking Alpha
Today's Markets:
In Asia, Japan -1.1% to 12003. Hong Kong +0.3% to 22368. China -0.3% to 2228. India +0.9% to 19041.
In Europe, at midday, London +1.1%. Paris +1.1%. Frankfurt +1.3%.
Futures at 7:00: Dow +0.4%. S&P +0.4%. Nasdaq +0.7%. Crude -0.1% to $96.96. Gold -0.2% to $1598.
Today's economic calendar:
Auto sales
7:45 ICSC Retail Store Sales
8:55 Redbook Chain Store Sales
10:00 Factory Orders
Notable earnings before today's open: MKC
Notable earnings after today's close: CALL, GPN
Briefing.com
Gapping down
In reaction to disappointing earnings/guidance: AFFY
-4.4% (light volume),
SCVL -2.8%.
Select metals/mining stocks trading lower: MT -2.5%, GFI
-1.3%, AUY -0.7%, AU
-0.6%, SLV -0.5%, NEM -0.4%.
Other news: NBG -12.1% (still checking, reports out this
morning indicate that
Cyprus finance minister Sarris resigns), NAT -12%
(announced public offering
of $87 mln aggregate amount of common shares), NDAQ -7.5%
(BGC announces sale of its platform for the fully electronic trading of
benchmark, on-the-Run U.S.
Treasuries to NASDAQ OMX), ASMI -2.4% (still checking),
IRET -2.1% (announces
public offering of common shares of beneficial interest),
TECD -0.8%
(announced delay of filing annual report because it
requires additional time
to complete the required financial statements and
restatement), PRE -0.7%
(attributed to pricing of block trade).
Analyst comments: HPQ -4.0% (downgraded to Sell from
Neutral at Goldman), GRPN -0.7% (initiated with a Sell at UBS), LLTC -0.7%
(downgraded to Hold from Buy
at Stifel), TXN -0.6% (downgraded to Hold from Buy at
Stifel), RAX -0.5%
(downgraded to Market Perform from Outperform at
Wells Fargo)
Gapping up
In reaction to strong earnings/guidance: WYY +13.8%
(thinly traded), URBN +4.4%
M&A news: OMPI +15.7% (Merz Pharma Group makes
superior proposal to acquire
Obagi Medical Products for $22/share in cash), VOD +5.2%
(AT&T and Verizon may be considering bid for VOD, according to reports).
Select financial related names showing strength: MTU
+3.6%, CS +2.8%, DB
+2.3%, UBS +2.2%, BCS +2.0%, ING +1.8%, HBC +1.4%.
Select healthcare related names showing strength: UAM
+9.4%, HUM +9.3%
(expects its 2014 Medicare Advantage bid benchmark
premium to include an increase for medical cost trend of ~3.4% vs. the previously expected reduction of ~2.2%), UNH +3.4%, CI +3.1%, MOH +2.4%, AET +2.1%, HCA +1.2%, CVH +1%, WCG +0.9%, AGP +0.3%, .
Other news: BGCP +40.3% (BGC announces sale of its
platform for the fully
electronic trading of benchmark, on-the-Run U.S.
Treasuries to NASDAQ OMX),
BCRX +8.7% (Bird Flu deaths in China have generated a WHO
probe, according to reports), NUAN +6.5% (Carl Icahn earlier disclosed 9.27%
passive stake in 13G
filing), HTZ +4.1% (discloses investor update in slide
presentation), SWY +3.1% (trading higher following positive MadMoney mention), ACT +2.7% (confirms favorable ruling in generic Pulmicort RESPULES patent suit), SVU +2.5% ( S.A.C. Capital discloses 5.1% passive stake in 13G filing ), TTM ++2.5%(Tata Motors March India sales fell 28% YoY, according to reports), UN +1.7% (still checking), NFLX +1.3% (trading higher following positive MadMoney mention), ARNA +1.1% (discloses U.S. District Court granted motions to dismiss stockholder actions), SAP +1% (still checking), BP +0.9% (BP spill
administrator wants lawsuit dismissed, according to
reports ), AMZN +0.7%
(hired former Windows phone exec Charlie Kindel,
according to reports), C +0.5% (Citigroup $590 settlement is being questioned by a Judge, +according to reports), WMC +0.5% (raises its quarterly dividend to $0.95; announces revisions to annual and quarterly results), FB +0.5% (is in discussions to acquire online dating company, Bang With Friends for $30 mln, according to reports).
Analyst comments: EHTH +8.6% (upgraded to Buy from
Neutral at BofA/Merrill),
MCP +2.9% (initiated with a Buy at DA Davidson), DVA
+1.3% (upgraded to Buy from Hold at Deutsche Bank), AZN +1.2% (upgraded to Neutral from Underweight at JP Morgan), QCOM +1.2% ( upgraded to Strong Buy from Outperform at Raymond James) Today's Upgrades: | ||
| Company | Ticker | Brokerage Firm |
| Universal American Corp | UAM | Raymond James |
| UnitedHealth | UNH | Raymond James |
| Crescent Finl | CRFN | Raymond James |
| Rosetta Resources | ROSE | Howard Weil |
| Salient MLP & Energy Infras. | SMF | Stifel |
| F5 Networks | FFIV | Robert W. Baird |
| DFC Global | DLLR | Nomura |
| Qualcomm | QCOM | Raymond James |
| eHealth | EHTH | BofA/Merrill |
| AstraZeneca | AZN | JP Morgan |
| E.ON AG | EONGY | HSBC Securities |
| Today's Downgrades: | ||
| Company | Ticker | Brokerage Firm |
| Teche Holding Company | TSH | Raymond James |
| American Midstream Partners | AMID | Raymond James |
| Universal Technical Institute | UTI | Argus |
| Texas Instruments | TXN | Stifel |
| Linear Tech | LLTC | Stifel |
| World Acceptance | WRLD | FBR Capital |
| Rackspace | RAX | Wells Fargo |
| Exxon Mobil | XOM | Oppenheimer |
| CME Group | CME | Credit Suisse |
| Charles Schwab | SCHW | Credit Suisse |
| Morgan Stanley | MS | Credit Suisse |
| SunTrust Banks | STI | Credit Suisse |
| Goldman Sachs | GS | BofA/Merrill |
| EZCORP | EZPW | FBR Capital |
| Air China | AIRYY.PK | HSBC Securities |
No comments:
Post a Comment