Jobs report just announced was a huge miss. There was already a little blood in the water and sharks were circling so I expect there to be a feeding frenzy for the shorts today. I may sit today out unless there is an extremely strong setup for me to play.
Watch list
$RVLT,$MTG, $TZA only for daytrade,$APP pr , $Gale testing 20 day nice flag,$VVTV,$VICL,$OWW, $MKTG, $ACAD cramer endorsed last night,$NIHD pr, $SGYP,$CADX,$MRIN, $ALXA,$MAKO pr,$GST
Seeking Alpha
Today's Markets:
In Asia, Japan +1.6% to 12834. Hong Kong -2.7% to 21727. China closed. India -0.3% to 18450.
In Europe, at midday, London -1.4%. Paris -1.9%. Frankfurt -1.7%.
Futures at 7:00: Dow -0.5%. S&P -0.5%. Nasdaq -0.6%. Crude -0.4% to $92.90. Gold +0.1% to $1554.10.
Today's economic calendar:
8:30 Nonfarm Payrolls
8:30 International Trade
3:00 PM Consumer Credit
Briefing.com
Gapping up
In reaction to strong earnings/guidance: WDFC +7.5%, XRTX
+1.9%, HBI +1.8%.
Other news: XIDE +24.1% (modestly rebounding, confirmed
it has retained
financial advisor; sees Q4 free cash flow of ~$50 mln vs
prior guidance of $30 mln), NIHD +7.9% (announces sale of Nextel Peru to Entel for $400 mln), MAKO
+4.8% (MAKO Surgical secures court-ordered permanent injunction against Blue
Belt Technologies), VLO +3.8% (Board approves spin-off of CST Brand), APP
+2.9% ( closes private offering of $206 mln principal amount of its 13% senior
secured notes due 2020; enters into a new $35 mln five-year asset-backed
revolving credit facility with Capital One Bank), ATRS +1.7% (announces notice
of allowance for new patent on VIBEX QuickShot Device).
Analyst comments: BBG +1.8% (ticking higher, upgraded to
Buy from Neutral at
Goldman), CELG +0.9% (upgraded to Buy from Hold at
Deutsche Bank), MBT +0.3% (upgraded to Overweight from Neutral at JP Morgan)
Gapping down
In reaction to disappointing earnings/guidance: FFIV
-17.1% (also multiple
analyst downgrades and tgt cuts), RDWR -17%.
Financial related names showing weakness: NBG -9%, BCS
-2.6%, ING -2.6%, HBC
-1.5%, C -1.2%, DB -1.1%, BAC -0.9%, .
Select metals/mining stocks trading lower: MT -3.4%, RIO
-1.4%, BBL -1%, BHP
-0.7%.
Select oil/gas related names showing early weakness: PTR
-1.9%, RIG -1.4%, E
-1.2%, SDRL -0.8%, RDS.A -0.8% (Royal Dutch Shell to sign
Russian Artic drilling deal, according to reports), BP -0.7%, TOT -0.6%, STO -0.5%.
Several FFIV/RDWR related names are under pressure: JNPR
-5.6%, CTXS -3.6%,
CSCO -3.3%, VMW -2.5%, RAX -2.3%, CRM -1.9%, XLNX
-1%,
European drug names trading lower: SNY -3.0%, NVS -1.7%,
SNN -1.7%,
Other news: RIGL -29.6% (AstraZeneca reports top-line
results from OSKIRA-1 Phase 3 study of Fostamatinib in Rheumatoid Arthritis, Rigel Pharma downgraded
to Market Perform from Outperform at BMO Capital Mkts), SABA -12% (announced
anticipated delisting from NASDAQ global select market; disclosed SEC
investigation), ETP -3.5% (announces 12 mln common unit offering), SAP -2.5%
and DEO -1.7% (still checking), BDN -1.1% (announces offering of 10 mln common
shares), UL -0.9% (still checking), LVS -0.5% (Las Vegas Sands CEO Sheldon
Adelson says Richard Suen did not help co get Macau license, according to
reports).
Analyst comments: KMB -0.6% (downgraded to Underperform
from Market Perform at
BMO Capital) | Today's Upgrades: | ||
| Company | Ticker | Brokerage Firm |
| Teradata | TDC | Stifel |
| FB | Argus | |
| PDC Energy | PDCE | Sun Trust Rbsn Humphrey |
| Bill Barrett | BBG | Goldman |
| Anglo American | AAUKY | Societe Generale |
| Mobile TeleSystems | MBT | JP Morgan |
| Today's Downgrades: | ||
| Company | Ticker | Brokerage Firm |
| BT Group plc | BT | Morgan Stanley |
| National American University | NAUH | Wells Fargo |
| Terex | TEX | Wells Fargo |
| MFA Mortgage | MFA | Jefferies |
| CoreSite Realty | COR | Cantor Fitzgerald |
| F5 Networks | FFIV | Citigroup |
| F5 Networks | FFIV | Piper Jaffray |
| Western Asset Mortgage | WMC | Jefferies |
| Evercore | EVR | Keefe Bruyette |
| Vitran | VTNC | Cowen |
Good luck trading today!!
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