Tuesday, April 23, 2013

Off to a good start

Yesterday was a great way yo start the week I had several good trades with my swings $ACUR,$CYTK and $ARC which was a revenge trade. I am still holding half of my position in $ARC,$CYTK. I also had a nice day trade in $AMPE.

Not sure where we are headed in the overall market but there are some great individual  plays to be had.

Morning movers and other stocks I like

$SCMP pr, $CLNE,$CYTR pr, $HOV, $LIVE pr ,$APP, $TZYM, $CZR pr, $SCON pr, $YOD china off $NFLX , $KBIO pr, $AMRN pr, $RATE, $GTAT, $SWFT earnings pr,

  Seeking Alpha
Today's Markets:
In Asia, Japan -0.3% to 13530. Hong Kong -1.1% to 21807. China -2.6% to 2185. India +0.1% to 19179.
In Europe, at midday, London +1%. Paris +2.2%. Frankfurt +1%.
Futures at 7:00: Dow +0.2%. S&P +0.1%. Nasdaq +0.3%. Crude +0.9% to $88.81. Gold -0.5% to $1414.10.

Today's economic calendar:
7:45 ICSC Retail Store Sales
8:55 Redbook Chain Store Sales
9:00 PMI Manufacturing Index Flash
9:00 FHFA House Price Index
10:00 New Home Sales
10:00 Richmond Fed Mfg.
1:00 PM Results of $35B, 2-Year Note Auction

Notable earnings before today's open: ACI, AKS, AOS, APD, ARMH, CIT, CNC, COH, DAL, DD, DFS, EAT, ECA, FMER, FRX, GCI, GNTX, IDXX, IIVI, IR, IRWD, ITW, JCI, JNS, LCC, LECO, LMT, LXK, MOLX, PCAR, PCH, PII, PMT, PNR, R, RAI, RF, RSH, SNV, ST, TRV, UTX, WAT, XRX

Notable earnings after today's close: AAPL, ACC, AMGN, AWAY, BCR, BRCM, CREE, DV, EW, FBC, FTI, HA, HBI, HLIT, HTS, IRBT, ITC, JNPR, LIFE, NBR, NFX, NSC, OI, OII, OMI, PACB, PLCM, PNRA, RFMD, RHI, T, UIS, USNA, VMW, WRB, YUM, ZIXI

Briefing.com







Gapping down                                                                  

                                                                              

In reaction to disappointing earnings/guidance: BEAT -11.2% (thinly traded),   
IRWD -10.6%, RSH -7.6% (light volume), RCII -6.4%, VLTR -1.9% (light volume), 
IR -1.9%, PCAR -1.7%, PII -1.5%, RAI -0.9% (light volume).                    
   
Select metals/mining stocks trading lower: GOLD -3.3%, SLV -2.7%, GDX -2%, RIO
-1.9%, GG -1.5%, EGO -1.5%, GLD -0.7%.                                        

 A few oil/gas related names showing early weakness: IOC -2.6% (InterOil       
announces the retirement of CEO Phil Mulacek; effective Apr 30), STO -2%, BP  
-0.9%, E -0.8%.                                                               

 Other news: AAN -3.7% (following RCII results), PHG -2.5% (following earnings 
yesterday), IBIO -2.1% ( announces proposed public offering, size not         
disclosed).                                                                    
   
Analyst comments: RCI -8.9% (ticking lower, downgraded to Neutral from        
Outperform at Credit Suisse), RATE -4.1% (downgraded to Sell from Neutral at   
Goldman), ALV -1.5% (downgraded to Hold at Nordea Securities), SLM -0.8%      
(light volume, downgraded to Equal Weight from Overweight at Evercore), YUM   
-0.7% (downgraded to Underperform from Buy at BofA/Merrill)                   

Gapping up: NFLX +22.7%, VECO +7.8%, AIXG +7.4%, ILMN +7%, SWFT +6.9%, ARMH   
+6.6%, STM +5.9%, XOOM +4.1%, CLMT +1.2%, TSO +0.9%, BAC +0.7%, BCS +0.7%     

Today's Upgrades:
CompanyTickerBrokerage Firm
ManpowerMANBerenberg
WoodwardWWDMaxim Group
Copa HoldingsCPAJP Morgan
LATAM AirlinesLFLJP Morgan
American Midstream PartnersAMIDRaymond James
Morgan StanleyMSSun Trust Rbsn Humphrey
InformaticaINFACredit Suisse
Veeco InstrumentsVECOOppenheimer
EcopetrolECCitigroup
Bank of AmericaBACMorgan Stanley
InvescoIVZJP Morgan
Columbia BankingCOLBWunderlich
CaterpillarCATJP Morgan
ArcelorMittalMTNomura
Diamondrock HospitalityDRHRobert W. Baird
Community HealthCYHRobert W. Baird
Rosetta ResourcesROSEMiller Tabak
Today's Downgrades:
CompanyTickerBrokerage Firm
Oil StatesOISRBC Capital Mkts
Check Point SoftwareCHKPPacific Crest
Power-OnePWERRaymond James
Inter ParfumsIPARB. Riley & Co.
Rogers CommsRCICredit Suisse
BankrateRATEGoldman
American ElectricAEPSun Trust Rbsn Humphrey
YUM! BrandsYUMBofA/Merrill
Western UnionWUCitigroup
Power-OnePWERJefferies
Sempra EnergySREISI Group
Good luck trading everyone




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