Pre Market Trading Indications

Pre-Market

Gapping up in reaction to strong earnings/guidance: CRTX +21.0%, KOPN +13.6%, FUQI +7.1%, RHT +6.1%, SMA +5.9%, XRTX +5.6%, FINL +5.6%, TIBX +4.9%, CCIX +4.2%, ACN +4.1%, SPEC +1.9%... M&A news: LMRA +15.5% (announces agreement to merge with GigOptix)...

Select agriculture names showing strength: MOS +2.2% (announces canpotex potash contracts with Indian customers), AGU +1.8%, MON +1.7% (tgt raised to $145 from $140 at Citigroup), TRA +1.7%, POT +1.7%...

Select Chinese names trading higher following strength in overseas trading: LFC +9.4%, SEED +4.3%, CAF +3.2%, ACH +3.0%, CHL +2.1% (to offer high-speed service from April - Bloomberg.com), SNP +1.7%, BIDU +1.2%...

Select metals/mining stocks showing strength: YZC +5.2%, AAUK +5.1%, RTP +3.5%, LMC +3.4%, GOLD +3.3%, MT +3.2%, BHP +2.8%, AA +2.0%, PAL +1.9%... Other news: TSRA +43.3% (informed that ITC overturns stay order), BMTI +36.9% (addresses FDA communication on Regranex safety review), POM +12.0% (still checking), BRP +3.1% (Oi reaches agreement to buy Brasil Telecom, according to reports - DJ), QCOM +2.3% (Tessera Technologies informed that ITC overturns stay order against MOT, Freescale and QCOM), NOK +1.9% (still checking), BCE +1.7% (BCE Inc takeover deal given green light, with a few conditions-Globe and Mail), URBN +1.5% (Cramer makes positive comments on MadMoney), C +1.4% (replaces global prime brokerage co-heads - Bloomberg.com), AKS +1.2% (10% owner Harbert Mgmt bought 350K shares at $54.87)...

Analyst upgrades: CRUS +6.3% (upgraded to Overweight at Weisel), LEH +4.9% (upgraded to Buy at Citigroup), JASO +3.3% (initiated with Buy at Lazard), FSLR +2.1% (initiated with Buy at Canaccord), X +2.0% (upgraded to Buy at Merrill), ADSK +2.0% (upgraded to Buy at Kaufman), ISIL +1.6% (upgraded to Buy at tier 1 firm), LLTC +1.4% (upgraded to Buy at tier 1 firm), GA +1.4% (initiated with Buy at Citigroup), DVA +1.0% (upgraded to Buy at UBS), ADI +1.0% (upgraded to Buy at tier 1 firm).

Wall St. Warrior: Pre-Market