The dollar is slightly lower this morning while gold, silver and oil are slightly higher. That ACRX we talked about in yesterday's Ticker Tv live session is gapping up 19 percent off meeting its primary endpoint. The company has a decent amount of cash on hand could get some follow through.
There is a lot of merger and acquisition chatter out there this morning in several sectors ranging from real estate, industrials and tech. That could be good for the markets moving forward. Typically the company doing the acquiring will see a pull back in the stock price unless the acquisition is immediately accretive to their earnings per share.
It should be an interesting week with all the economic data and the Fed minutes.
We are making a few changes on the Alpha Wolf Trading site and about to test a new chat service . Once we have it integrated I will let you know. For now we are meeting in the the old room http://us22.chatzy.com/TradersDen
Today's Markets
In Asia, Japan -0.3% to 16869. Hong Kong +0.7% to 22932. China +2.4% to 3125. India closed.
In Europe, at midday, London +0.3%. Paris +0.1%. Frankfurt +0.4%.
Futures at 6:20, Dow +0.2%. S&P +0.2%. Nasdaq +0.2%. Crude +0.5% to $44.69. Gold +0.2% to $1345.70.
Ten-year Treasury Yield flat at 1.51%
Today's Economic CalendarIn Europe, at midday, London +0.3%. Paris +0.1%. Frankfurt +0.4%.
Futures at 6:20, Dow +0.2%. S&P +0.2%. Nasdaq +0.2%. Crude +0.5% to $44.69. Gold +0.2% to $1345.70.
Ten-year Treasury Yield flat at 1.51%
Companies reporting earnings today »
STOCKS ON MY RADAR PREMARKET
*PR = Press Release
CLSN pr getting a little action premarket gapping can be a pop and flopper so be careful may need to raise cash soon
SORL gapper off earnings trading significantly below book value balance sheet looks decent but its a China name and a Super Tiny floater so may be some trust issues there
EXAS pr continues its recent climb 22 looks like a big spot on the daily
CLSN pr getting a little action premarket gapping can be a pop and flopper so be careful may need to raise cash soon
SORL gapper off earnings trading significantly below book value balance sheet looks decent but its a China name and a Super Tiny floater so may be some trust issues there
EXAS pr continues its recent climb 22 looks like a big spot on the daily
Gainers
- Kingold Jewelry Inc (NASDAQ: KGJI) rose 50.7 percent to $3.09 in pre-market trading as the company reported Q2 results on Friday. Q2 EPS of $0.30 compared to last quarter’s $0.01, while revenue of $390.3 million was substantially higher than last quarter’s $249.4 million.
- Sorl Auto Parts, Inc. (NASDAQ: SORL) shares rose 34.4 percent to $2.50 in pre-market trading as the company reported upbeat Q2 results.
- Celsion Corporation (NASDAQ: CLSN) shares rose 20.8 percent to $1.45 in pre-market trading after the company announced Positive ThermoDox results.
- Post Properties Inc (NYSE: PPS) rose 12.5 percent to $70.00 after Mid-America Apartment Communities Inc(NYSE: MAA) announced plans to buy Post Properties for around $3.88 billion.
- Ocular Therapeutix Inc (NASDAQ: OCUL) rose 10.6 percent to $7.50 in the pre-market trading session after gaining 7.62 percent on Friday.
- AcelRx Pharmaceuticals Inc (NASDAQ: ACRX) rose 8.6 percent to $4.05 in pre-market trading. AcelRx Pharmaceuticals disclosed top line results of its ARX-04 final stage study, which met its primary endpoint.
- SYSCO Corporation (NYSE: SYY) shares rose 5 percent to $54.80 in pre-market trading as the company reported better-than-expected quarterly earnings.
- Activision Blizzard, Inc. (NASDAQ: ATVI) rose 3.2 percent to $42.47 in pre-market trading as Loeb's Third Point reported a new stake in Acitivision Blizzard.
Here is the link to the video
http://ticker.tv/vegastrader66
August 12 -19th 2016 Market Wrap and Sector watch from Alpha Wolf Trading on Vimeo.
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