Pre Market Gap Trading Indications

Gapping up in reaction to strong earnings/guidance: ANAD +22.4%, CYMI +16.0%, LVLT +14.8%, MOLX +12.9%, CERN +12.6% (also upgraded to Buy at Jefferies), VMW +12.4%, SWKS +9.6%, BRCM +8.3%, PFCB +8.1%, TER +7.9%, CEC +7.2%, ACH +6.5%, RJF +6.3%, EMC +6.0%, SGP +5.6%, IVGN +5.4%, PPDI +5.2%, ILMN +4.2%, MCO +4.1%, SIMG +3.9%, FCX +3.7%, YUM +2.4%, NUVA +2.1%, CHRW +1.9%, SIAL +1.8%, BIIB +1.7%, ERIC +1.4%...

M&A news: REST +172.7% (MDT signs agreement to acquire Restore Medical for $1.60 per share in cash), SIRT +81.5% (GSK to acquire SIRT for $22.50 a share)...

Select Chinese names trading higher following strength in overseas trading (Shanghai Composite rose 4%): HNP +9.6%, CAF +5.9%, PTR +5.1%, LFC +4.0%, SNP +3.9%...

Other news: LJPC +14.4% (announces 'positive' 12-month interim antibody data and provides update for ongoing Riquent Phase 3 'ASPEN' Lupus Trial), FRPT +4.7% (DoD awards FRPT a $12.6 mln contract), LOGI +4.4% (still checking), RMBS +3.5% (announces IBM to license multi-protocol SerDes, signs memorandum of understanding with Spansion), EP +3.2% (Cramer makes positive comments on MadMoney), ITRI +2.6% (Cramer makes positive comments on MadMoney), AZN +2.3% (still checking), NBR +1.8% (Cramer makes positive comments on MadMoney)...

Analyst upgrades: EW +6.1% (upgraded to Hold at Citigroup), GRNB +3.9% (upgraded to Buy at Stifel Nicolaus), SI +2.4% (added to Europe 1 List at Merrill), MHS +2.0% (upgraded to Outperform at Oppenheimer), KR +1.8% (upgraded to Buy at Merrill), GIGM +1.7% (initiated with a Buy at Brean Murray), IRBT +1.1% (initiated with Buy at Kaufman), COH +1.0% (upgraded to Buy at Citigroup).


Gapping up:

REST +172.7%, SIRT +81.3%, ANAD +21.2%, CYMI +18.8%, VMW +14.6%, MOLX +12.9%, FRPT +10.2%, SWKS +9.6%, CEC +8.8%, CERN +8.3%, BRCM +7.6%, ACH +6.9%, RJF +6.3%, EMC +6.0%, IVGN +5.4%, PPDI +5.2%, PTR +5.1%, TUP +4.6%, RMBS +4.4%, ILMN +4.2%, LFC +4.0%, ITRI +2.8%, SGP +2.1%, NUVA +2.1%, EP +2.0%, CHRW +1.9%, NBR +1.8%, SIAL +1.8%...

Gapping down:

TSFG -16.3%, INFN -12.7%, CREE -11.8%, RCRC -9.8%, ABK -8.8%, ODFL -7.6%, XL -5.9%, RBS -5.7%, RGR -3.4%, NSC -3.3%, AMP -2.6%, VOCS -2.5%, DB -2.5%, EW -1.4%, HBC -1.4%, UBS -1.1%.