- Pre-Market Indications

Wednesday, April 9, 2008

Pre Market Trading indications

In reaction to strong earnings/guidance: ZZ +15.5% (also upgraded to Outperform at Morgan Keegan), CPKI +5.3%, SIG +5.2%, CC +4.9%, MIND +4.7%, WBSN +4.6%, XRM +3.1%...

M&A news: EPMD +87.2% ( to be acquired by St. Jude Medical; shareholders will receive $3.00), IOM +4.1% (EMC Corp to acquire Iomega in a cash tender offer of $3.85/share)...

Other news: SPR +10.7% (disclosed in 8-k that co and Boeing amended their existing B787 supply agreement), TGEN +9.9% (announces publication of preclinical data 'Supporting the Use' of AAV Vectors to deliver siRNA), CRXL +6.9% (Aeras, Crucell and SATVI announce 'Encouraging' preliminary results of tuberculosis vaccine clinical trial in South Africa), PMRY +5.6% (comments on Schedule 13D filing proposing $7.05/share takeover, co will consider offer), VASC +5.4% (announces settlement of patent litigation with Diomed; one-time payment of $3.586 mln to Diomed), FMD +2.9% (modestly rebounding after yesterday's decline 30%+), C +2.3% (near deal to sell $12 bln loans to private equity - FT), WBD +2.2% (Cramer makes positive comments on MadMoney), IBN +2.1% (still checking), ERIC +1.9% (chief reiterates outlook and plan to take market share - Bloomberg), HON +1.8% (wins $23 bln contract to supply next generation HTF7500-E turbofan propulsion system for New Embraer business jets), BP +1.5% (BP and ConocoPhillips plan Alaska gas pipeline - NY Times), AZN +1.5% (modestly rebounding after yesterday's decline), BA +1.3% (revises 787 first flight and delivery plans; adds schedule margin to reduce risk of further delays; 'no change to '08 earnings guidance'), CMCSA +1.2% (asks court to overturn FCC decision on set-top boxes -- Bloomberg), FRE +1.1% (requires remediation plan from PMI Mortgage Insurance after ratings downgrade)...

Analyst upgrades
: GTI +3.1% (upgraded to Outperform at Oppenheimer), FRP +2.2% (upgraded to Buy at Soleil)

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