- Pre-Market Indications

Monday, April 28, 2008

Pre Market Trading Indications

Gapping up in reaction to strong earnings/guidance: SOHU +13.5% (SINA +6.3%, NTES +4.4%, SNDA +4.0% trading higher in sympathy), BEAV +6.1%, EPD +5.0%, BBD +4.2%, CEO +2.9%, VZ +2.1%...

M&A news: WWY +25.4% (Wrigley and Mars announce merger agreement for $80 per WWY share in cash)...

Select mining/metals stocks showing strength with higher spot prices
: LMC +2.9%, GOLD +2.6%, AEM +1.9%, MT +1.6% (plans surcharge for its steel customers - WSJ), AUY +1.6%, AAUK +1.0%...

Other news
: OSTE +13.3% (Osteotech's Plexur P receives FDA clearance as bone void filler and bone graft extender in spine), IMMR +10.2% (modestly rebounding after last week's 18% drop), F +8.5% (Tracinda announces it intends to make a cash tender offer for up to 20 mln shares stock at a price of $8.50 per share), HSY +5.6% (up in sympathy with WWY), ACGY +4.0% (still checking), AERG +3.9% (receives $4.5 mln U.S. Army contract for laser guided energy program), ABK +3.6% (modestly rebounding from last week's 40%+decline), VMED +2.9% (still checking), CMI +2.9% and DISCA +2.8% (Cramer makes positive comments on MadMoney)...

Analyst upgrades
: CS +2.6% (upgraded to Peer Perform at Bear Sterns and upgraded to Neutral at tier 1 firm), V +2.4% (initiated with Buy at UBS and initiated with Buy at tier 1 firm and initiated with Buy at SunTrust), NCC +2.2% (upgraded to Outperform from Market Perform at BMO Capital), MRVL +2.1% (upgraded to Outperform at Friedman Billings), MASI +1.8% (upgraded to Buy at Citigroup).

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