I also had a swing in $SGYP which took off on what appeared to be some positive pr on their drug in early clinical trials. Fortunately, I sold half my position midday and the balance right before the close. That decision saved me waking up today and giving all my profits back since they decided to do a 100 million dollar offering and dilute their shares. I still like the stock and drug the company is working on but for now I will let the dust settle.
I missed quite a few stocks that were on my watch list from this weekend. $BIOL,$GTAT,$CALL,$BPZ,$GALE,$GFA just to name a few. I should have had a much better day than I did.
Morning movers and stocks I have on watch
$ASTX pr, $BLRX pr,$OMER pr,$MNKD continuation,$GTAT continuation,$NAVB, $MELA, $ACAD, $BIOL, $GALE, $VVTV, $NTWK, $DRL, $ATRS, $AXAS, $BCOV, CBLI, $CIMT, CLDX,$ DVAX
Seeking Alpha
Today's Markets:
In Asia, Japan +0.7% to 13288. Hong Kong +0.8% to 22035. China flat at 2226. India +1% to 18414.
In Europe, at midday, London +0.8%. Paris +1.3%. Frankfurt +1.2%.
Futures at 7:00: Dow +0.3%. S&P +0.3%. Nasdaq +0.4%. Crude -0.4% to $93.82. Gold -0.3% to $1581.80.
Today's economic calendar:
7:00 MBA Mortgage Applications
10:30 EIA Petroleum Inventories
1:00 PM Fed's Fisher: Economic Outlook
1:00 PM Results of $21B, 10-Year Bond Auction
2:00 PM FOMC minu
2:00 PM Treasury Budget
Notable earnings before today's open: AH, FAST, FDO, JKS, KMX, PGR, STZ, TITN
Notable earnings after today's close: BBBY, RT
BRIEFING.com
Gapping up
In reaction to strong earnings/guidance: ADTN +10.7%
(light volume), ACTS
+9.8%, PSMT +3.5% (also reports March net warehouse club
sales +11.5%; comparable net warehouse club sales +7.9%), KMX +0.5%.
Financial related names showing strength: CS +3.4%, BBVA
+3.4%, BCS +3.1%, RBS
+3%, ING +2.7%, UBS +2.3%, SAN +2.2%, DB +2%.
Other news: BCRX +11.4% (light volume, Bloomberg
discusses that China Bird Flu
outbreak may came from two other viruses, according to
reports ), MNKD +5.9% (continued strength), WOR +4.3% (acquires Palmer Mfg. & Tank business ), STP
+3.2% (may sell some assets and bring in strategic investor, according to
reports), YHOO +1.6% (Yahoo! and Apple (AAPL) are in discussions for deeper
IoS partnership, according to reports), FB +1.5% (AllThingsD discusses FB's
data targeting efforts, according to reports), SRPT +1.1% (following 5 point
jump after GSK's data for drisapersen did not appear as strong as that of
Sarepta's eteplirsen), JNPR +1.0% (Belgacom selects Juniper Networks 100GE
Routing Solution).
Analyst comments: PSUN +6.7% (upgraded to Overweight from
Neutral at Piper
Jaffray), IBM +1.3% (upgraded to Buy from Neutral at
UBS), AEO +1.1% (upgraded to Overweight from Neutral at Piper Jaffray, STWD
+0.9% (upgraded to Buy from Neutral at BofA/Merrill ), CYS +0.5% (upgraded to
Outperform from Mkt Perform at Keefe Bruyette), SI +0.3% (upgraded to Neutral from Underperform at Exane
BNP Paribas)
Gapping down
In reaction to disappointing earnings/guidance: HMA
-12.6%, (downgraded to
Hold from Buy at Deutsche Bank), TITN -11.5%, SEAC -9.7%,
RLGY -7.6%, (also announced an underwritten public offering of 35 million shares of its common
stock by certain funds affiliated with Apollo Global Management), GRA -5.3%
(ticking lower), FDO -3.8%, JKS -2.6%, FAST -1.7% (light volume), DGIT -0.7%.
M&A news: LIFE -0.3% (Thermo Fisher has made an offer
for LIFE for more than
$65/share, according to reports).
Select HMA peers under pressure: THC -6.9% (downgraded to
Hold from Buy at
Deutsche Bank), CYH -3.9% (downgraded to Hold from Buy at
Deutsche Bank), UHS -2.0%.
Select solar names modestly pulling back (JKS reported
earnings and FSLR
cautious analyst comments): FSLR -2.9% (modestly pulling
back, multiple analysts are out this morning suggesting the upside move on yesterday's
guidance is overdone), TSL -2.5%, SPWR -2.3%, YGE -1.8%, WFR -1.3%.
Select metals/mining related names showing early
weakness: HL -1.5%, ABX
-0.8%, BHP -0.7%, NEM -0.6%, GG -0.5%, GLD -0.5%, SLW
-0.5% .
Other news: SGYP -11.2% (announces public offering of $90
mln of common
stock), RSO -3.5% (announces follow-on offering of 16.25
mln shares of its common stock), HBIO -3% (announces postponement of the IPO for Harvard
Apparatus Regenerative Technology, Inc.), INFI -2.4% (announced an
undrwritten public offering of its common stock by existing stockholders),
SHPG -0.9% (still checking).
Analyst comments: ARO -2.7% (downgraded to Sell from
Neutral at Goldman), IDCC
-1.2% (downgraded to Market Perform from Outperform at
William Blair), FTE -0.5% (added to Conviction Sell List at Goldman), EXPD -0.3% (removed from
Conviction Buy List at Goldman)
| Today's Upgrades: | ||
| Company | Ticker | Brokerage Firm |
| Agrium | AGU | TD Securities |
| Statoil ASA | STO | DNB Markets |
| Royal Gold | RGLD | National Bank Financial |
| pSivida | PSDV | Ladenburg Thalmann |
| Fifth Third | FITB | Guggenheim |
| Starz | STRZA | Lazard |
| Starwood Property Trust | STWD | BofA/Merrill |
| Pacific Sunwear | PSUN | Piper Jaffray |
| American Eagle | AEO | Piper Jaffray |
| Cypress Sharpridge Investments | CYS | Keefe Bruyette |
| easyJet | ESYJY | Citigroup |
| E.ON AG | EONGY | Morgan Stanley |
| Siemens AG | SI | Exane BNP Paribas |
| AmerisourceBergen | ABC | Goldman |
| Today's Downgrades: | ||
| Company | Ticker | Brokerage Firm |
| Diana Shipping | DSX | Global Hunter Securities |
| MeadWestvaco | MWV | Credit Agricole |
| Crosstex Energy LP | XTEX | Morgan Stanley |
| Targa Resources | TRGP | Morgan Stanley |
| TE Connectivity | TEL | BofA/Merrill |
| PC Connection | PCCC | Raymond James |
| Agrium | AGU | Piper Jaffray |
| Continental AG | CTTAY.PK | Credit Suisse |
| Aeropostale | ARO | Goldman |
| ONEOK Partners | OKS | Goldman |
Good luck trading today
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