MarketWatch.com - Pre-Market Indications

Friday, May 2, 2008

Pre Market Trading Indications


Gapping up in reaction to strong earnings/guidance
: SCOR +17.9% (also upgraded to Outperform at Oppenheimer), NTCT +17.6%, SONE +17.0%, KBR +13.9%, B +13.4%, CLUB +11.4% (also upgraded to Outperform from Market Perform at William Blair), CQB +10.9%, DLB +10.7%, TSYS +10.5%, AVR +9.3%, CAB +9.2%, BPHX +8.9%, MGRM +8.8%, NT +8.6%, AVNX +8.2%, PHTN +8.2%, HNSN +8.1%, LQDT +4.3%, FIX +4.1%, ACS +3.9% (also upgraded to Buy at Jefferies), BEBE +3.9%, DUK +3.6%, NXG +3.5%, TGI +3.2%, CMO +2.7%, DRIV +2.5%, IDTI +2.5%, ICE +2.2%, SPN +1.9%, QLGC +1.8%, AGU +1.2%, VIA.B +1.2%, CSTR +1.1%...

M&A news
: MFLO +10.7% (ADSK announces intent to acquire Moldflow for $22 a share in cash)...

Select mortgage names showing strength as Fed takes measures to address 'persistent liquidity pressures' and expanding TSLF collateral to include AAA asset-backed securities
: MBI +6.0% ABK +5.4% FRE +2.7% FNM +1.8%...

Other news
: FRPT +9.3% (awarded a $92 mln contract under a previously awarded contract - DoD), LMC +5.0% (still checking), SOL +5.0% (still checking), XMSR +4.5% (still checking), YHOO +2.8% (Yahoo-Google pact may be close; MSFT appears to lean toward hostile Yahoo bid - WSJ), RBS +1.6% (Texas Pacific weighs up RBS insurer risk - Daily Telegraph), BHP +1.4% (BHP-Rio Tinto deal draws more skeptics - WSJ)...

Analyst upgrades
: VNDA +10.5% (initiated with Buy at Caris), CRDC +5.8% (initiated with a Buy at Lazard Capital), RSH +3.3% (upgraded to Buy at BofA), DRE +2.4% (upgraded to Buy at Deutsche Bank and upgraded to Outperform at Wachovia), SUNH +1.3% (upgraded to Outperform at Friedman Billings).

Gapping down in reaction to disappointing earnings/guidance: SWIM -39.9% (also downgraded to Market Perform at BMO Capital and downgraded to Market Perform at Raymond James), N -21.8%, LAVA -18.5% (also downgraded to Hold from Buy at Needham), JAVA -16.7% (also downgraded to Peer Perform at Bear Sterns), MSTR -15.8%, SSD -14.9%, ABAX -14.9%, BOOM -14.6% (also downgraded to Neutral at JPMorgan), CRUS -12.5%, HIFN -12.2%, JSDA -10.1%, IMMR -7.8%, NVTL -7.8%, EVVV -7.3%, DEPO -5.4%, SCUR -5.0%, EHTH -4.6%, WYNN -1.6%, VR -1.3%, WLT -1.0%...

M&A news
: ADSK -2.1% (announces intent to acquire Moldflow for $22 a share)...

Other news
: ERIC -4.2% (falls as Lehman say margin improved less then reported - Bloomberg), NOK -1.6% (down in sympathy with ERIC)...

Analyst downgrades
: JSDA -10.1% (downgraded to Sell at Piper), SSBX -4.6% (downgraded to Sell from Hold at Sandler O'Neill), ITG -2.5% (downgraded to Market Perform at Keefe Bruyette), SEPR -1.9% (downgraded to Underperform at Friedman Billings), GPS -1.1% (downgraded to Neutral at BofA).

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