Thursday, May 2, 2013

Thank you sir, May I have another?

What a day yesterday !!!!
One of my single best trading days of the year. $SYNC and $IQNT made my day yesterday. I hold 100 shares of each as a swing now just for lotto plays after taking some very nice profits on both. I nearly had a hat trick. However, I lost my backbone and failed to pull the trigger on $JRCC. I tried taking some $SONS and exited the trade losing two pennies when it failed to break out. Overall I give the day an A minus.  
Now the goal is to repeat the results from yesterday.

Stocks on the move and otheres that caught my eye

$CAAS pr china play so caution is required, $ACRX pr, $ZGNX pr, $HDSN earnings beat, $RTK pr, $MGM earnings beat, $REGI earnings beat, $SWHC pr, $RGEN pr, $NEON pr, $AERL Macau gaming,   $STEM Seeking Alpha Article
$IQNT continuation, $NIHD ER beat, $MWW pr, $IFT Very thin Caution on this one, $CBEY upgrade, $LOCK earnings, $INVN pr , JRCC continuation, $AVEO PR , $GTN earnings 
  
Seeking Alpha

Today's Markets:
In Asia, Japan -0.76% to 13694. Hong Kong -0.3% to 22668. China -0.17% to 2174. India +1.19% to 19735.
In Europe, at midday, London -0.18%. Paris -0.24%. Frankfurt +0.22%.
Futures at 7:00: Dow +0.27%. S&P +0.27%. Nasdaq +0.2%. Crude +0.56% to $91.54. Gold +0.56% to $1454.00.

Today's economic calendar:
7:30 Challenger Job-Cut Report
8:30 International Trade
8:30 Initial Jobless Claims
8:30 Productivity and Costs
9:45 Bloomberg Consumer Comfort Index
10:30 EIA Natural Gas Inventory
4:30 PM Money Supply
4:30 PM Fed Balance Sheet

Notable earnings before today's open: ABMD, ACOR, ACT, AEE, ANR, ANSS, ARG, ARQL, ATK, AYR, BDBD, BDX, BEAM, BGCP, BZH, CAH, CEVA, CHD, CI, CME, CNP, CPN, CTRX, DIN, DNR, EL, ELNK, FIG, FLY, FNP, FWLT, GEL, GG, GIL, GM, GNRC, GOLD, HAR, HK, HSH, INCY, INGR, IP, IRDM, IT, ITT, K, LF, LQDT, LXP, MDC, MFC, MGI, MGM, MMC, MMP, MWW, NIHD, NNN, NUS, OCN, OGE, OXF, OZM, PCG, PPL, PWR, PXP, RGLD, RNO, SBH, SFY, SHPG, SNI, SPR, SRE, STRA, TEVA, VMC, VRX, WNR, WPX, WWE, XEL

Notable earnings after today's close: ACLS, ACTV, ADNC, AGNC, AIG, ALSK, AREX, ARNA, ATHN, BBG, BCOR, BERY, BRKR, CBI, CNQ, DNB, DOLE, DRIV, EGO, ELON, ELX, FBHS, FLR, FLT, GEOS, GHDX, GILD, GMED, GTY, HAIN, HI, HMA, HTGC, INVN, KOG, KRFT, LNKD, MKH, MTZ, MYL, NBIX, NFG, NILE, NSR, ONNN, OPEN, PKT, PWER, QLGC, SKUL, SPF, SPWR, SWN, TDC, THOR, TPX, TSYS, TTMI, WTW, WWWW, XL, ZAGG
Briefing .com

Gapping up                                                                    
                                                                          
In reaction to strong earnings/guidance: REGI +13.5%, HDSN +11.1%, YELP       
+10.3%, NIHD +8.6%, ISSI +7.7% (light volume), GNRC +7.5%, MWW +7.2%, BZH     
+6.6%, PGTI +5.5%, MDAS +4.8%, LQDT +4.5% (light volume), MDC +4.1%, (light   
volume), STX +4%, JDSU +3.8%, GM +3.4%, EL +2.9%, (light volume), DX +2.6%, V 
+2.5%, SFLY +2.4%, SNY +2.3%, MET +2.2%, NXST +2.1% (announces secondary      
offering of 3.5 mln shares of co's Class A common stock by selling            
stockholders and repurchse of its common stock), ATML +1.9%, RDS.A +1.9%, TTS 
+1.8% (light volume), SI +1.7%, CI +1.7%, ANR +1.7%, FB +1.6%, SNN +1.5%      
(light volume), LVS +1.3%, LOCK +1.3%, CBS +1.1%, NLY +0.4% (light volume).   
                                                                            
Financial related names showing strength: DB +2.5%, BBVA +2.1%, SAN +2%, ING  
+1.8%, CS +1.4%, BCS +1%, BAC +0.8%, C +0.7%, HBC +0.5%.                      
 
A few oil/gas related names showing strength: MHR +2.8%, PER +2.5%, CVRR      
+2.2%, BP +1.1%, HAL +0.8%, TOT +0.7%.                                         
                                                                            

Other news: IFT +33.2% (secured 15-year, $300 million revolving credit        
facility; acquired 93 life settlement policies with a total face value of     
~$340 mln), A +3.6% (still checking), TKC +1.8% ( dismisses case without      
prejudice), WDC +1.6% (following STX results), BUD +1.6% and CCL +1.4% (still 
checking for anything specific).                                              
                                                                             
Analyst comments: ACI +2.9% (upgraded to Equal-Weight from Underweight at     
Morgan Stanley), REGN +0.3% (upgraded to Mkt Outperform from Mkt Perform at   
JMP Securities), AGN +0.2% (upgraded to Buy from Neutral at Lazard)           

Gapping down                                                                  

                                                                             
In reaction to disappointing earnings/guidance: GLUU -4.7%, CNW -4.5%, (light 
volume), TS -4.3%, (light volume), GNK -4.3%, IRDM -3.8%, LF -3.4%, (light    
volume), RLGY -2.9%, STO -2.7%, GOLD -2.7%, SHPG -2.2%, CACI -2.2%, GTAT      
-1.8%, CSOD -1.8%, CTRX -1.8%, K -1.7%, (light volume), CZR -1.6%, IP -1.4%,  
LNC -0.4% (light volume).                                                     

 M&A news: ELN -1.7% (Royalty Pharma Submits Formal Cash Offer For Elan; Offer Price Reflects $1 Billion Dutch AuctionStrikePrice of $11.25 per Elan Share). 
                                                                          
A few metals/mining stocks trading lower: HMY -2%, AU -1.7%, BBL -1%, BHP     
-0.7%.                                                                        
                                                                      

Other news: IEC -7% (announced it will restate certain financial statements), 
NVDQ -3.7% (discloses their 3.9 mln share offering was priced at $12.90 per   
share), MGM -3.6% (Macau data out this morning), MCO -0.6% ( top shareholder  
Berkshire Hathaway disclosed selling 1,746,700 shares at $59.50-61.50 on      
4/29-5/1, worth ~$105.6 mln ), .       
      
                                                                            
Analyst comments: RPTP -1.2% (downgraded to Neutral from Outperform at
Wedbush), PODD -1.1% (Insulet downgraded to Market Perform from Outperform at
Ramond James), SCTY -0.9% (downgraded to Neutral from Buy at Goldman)

Today's Upgrades:
CompanyTickerBrokerage Firm
Arcos DoradosARCOBofA/Merrill
Regal-BeloitRBCGlobal Hunter Securities
InfineonIFNNYBofA/Merrill
AllerganAGNLazard
EZCORPEZPWWells Fargo
PrivateBancorpPVTBRaymond James
Natus MedicalBABYRaymond James
YelpYELPNorthland Capital
ViacomVIABWunderlich
Amtrust FinancialAFSICompass Point
Genesee & WyomingGWRRaymond James
CONSOL EnergyCNXMorgan Stanley
Arch CoalACIMorgan Stanley
Regeneron PharmsREGNJMP Securities
U.S. SilicaSLCAJefferies
Nabors IndustriesNBRJefferies
Superior EnergySPNJefferies
Commvault SystemsCVLTPiper Jaffray
Seagate TechSTXNeedham
AmBevABVHSBC Securities
Today's Downgrades:
CompanyTickerBrokerage Firm
Active NetworkACTVRBC Capital Mkts
Stage StoresSSIB. Riley & Co.
HospiraHSPRaymond James
ComstockCRKStifel
Bill BarrettBBGStifel
AmBevABVCitigroup
Boston Beer CoSAMCredit Agricole
ABB LtdABBBerenberg
Raptor PharmaRPTPWedbush
QuestarSTRRaymond James
InsuletPODDRaymond James
Genco Shipping & TradingGNKCredit Suisse
MicronMUCredit Agricole
NewportNEWPNeedham
ExelonEXCWunderlich
California WaterCWTBrean Capital
Jack HenryJKHYWells Fargo
SolarCitySCTYGoldman
Hyatt HotelsHCredit Suisse
MasterCardMARaymond James
Ritchie Bros.RBABofA/Merrill
Williams PartnersWPZBofA/Merrill
Forum Energy Tech.FETJefferies
Regal-BeloitRBCRobert W. Baird



                                 

 

Good luck trading today!!

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