$ROSG PR, $AAV PR, $GRO stock buyback, $TSLA pr, $ARQL pr , $BVX pr,
$CALI earnings Pr, $SZYM pr, $CBMX, $HK Upgrade, $BCRX pr, $VRNG pr, $KWK Pr, $CLNT, $OPXA pr
Seeking Alpha
Today's economic calendar: Auto sales
8:58 PMI Manufacturing Index
10:00 ISM Manufacturing Index
10:00 Construction Spending
Notable earnings before today's open: CALM
Notable earnings after today's close: none
Gapping down
In reaction to disappointing earnings/guidance: UAL -1.6%
(also downgraded to
Equal Weight from Overweight at Evercore).
Select Japan related names showing early weakness: MTU
-5%, NMR -4.4%, NTT
-3.9%, SNE -2.9%, HMC -2.2% (light volume; also cautious
Japan car sales WSJ
article out over the weekend).
Other news: PC -4.5% (Panasonic unit is under
investigation by US over bribery
allegations, according to reports).
Analyst comments: ARII -1.6% (\downgraded to Equal Weight
from Overweight at
boutique firm), YHOO -0.9% (downgraded to Hold from Buy
at Pivotal Research),
ABBV -0.7% (downgraded to Market Perform from Outperform
at BMO), INTC -0.6%
(downgraded to Mkt Perform from Mkt Outperform at JMP
Securities)
Gapping up
In reaction to strong earnings/guidance: OPXA +9%,
(ticking higher), TSLA
+7.5%, EBAY +3% (also upgraded to Buy from Hold at
Canaccord).
M&A related: CEDC +4.2% (thinly traded, Competing
consortium withdraws
restructuring proposal for CEDC; CEDC reaffirms support
for RTL restructuring
proposal), BXG +1.6% (Bluegreen shareholders approve
previously announced
merger with subsidiary of BFC Financial), CWH +1.4%
(confirms receipt of
unsolicited indication of interest from Corvex /
Related), PAY +0.3%
(Bloomberg discusses that PAY may be an attractive LBO
target).
Other news: KWK +20% (Quicksilver Resrcs announces sale
to Tokyo Gas of 25%
interest in Barnett Shale assets), OCLS +7.1% (following
1-for-7 reverse split of its common stock will be effective at the open of
business on Monday, April 1, 2013), RT +5.8% (positive mention in Barrons), CLF
+4.2% (still checking),
STM +3.8% (positive mention in Barrons), RDY +1.4%
(appoints GV Prasad as
Chairman and Satish Reddy as Vice-Chairman, announces the
launch of Zenatane),
HUM +0.6% (ticking higher following positive mention in
Barron's).
Analyst comments: TAP +2.2% (Molson Coors Brewing
upgraded to Buy from Neutral
at Goldman), POT +1.9% (Potash upgraded to Overweight
from Neutral at
JPMorgan)
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