Pre Market Trading Indications

Gapping down in reaction to disappointing earnings/guidance: CRZ -15.8%, USS -14.3%, DFR -11.3%, VVTV -10.3%, FXEN -9.1%, LDK -7.0%, HOKU -6.8% (also files for a $110 mln mixed shelf offering and co and Solarfun approve amendment and extension of polysilicon supply agreement), ABP -6.0%, NUAN -6.0%, WSPI -5.8%, WNR -4.2%, DISH -3.1%, SIL -2.6%, VGR -2.0%, HPQ -1.8% (also confirms it will acquire EDS for $13.9 bln and hearing removed from Americas Conviction Buy List at tier 1 firm), WMT -1.5%...

Select European financial names trading lower following weakness in overseas trading: RBS -3.6%, BCS -2.5%, UBS -1.9%, DB -1.3%, ING -1.0%...

Select gold stocks showing weakness with lower spot prices: AU -2.1%, AUY -2.1%, GOLD -1.9%, NEM -1.5%, GFI -1.3%, GLD -1.1%...

Other news: DT -8.5% (holder KfW to sell convertible bond - Bloomberg.com), PPC -6.8% (agrees to underwritten offering of common stock), TRLG -6.7% (still checking), TBSI -6.6% (announced follow-on offering of 3.4 million common shares), NAT -4.5% (announces that it has commenced an offering of 4 mln shares), HT -2.8% (announces commencement of public offering of 6 mln common shares), ASML -2.7% (still checking), NLY -2.5% (files for 40 mln share common stock offering), TS -1.4% (still checking)...

Analyst downgrades: GNA -3.7% (downgraded to Hold at KeyBanc), LHCG -2.8% (downgraded to Market Perform at Wachovia), MNT -2.8% (downgraded to Hold at Lazard Capital), HBHC -2.0% (downgraded to Market Perform at Keefe Bruyette), BKUNA -1.4% (downgraded to Hold at Sterne Agee), CETV -1.3% (hearing downgraded to Neutral at tier 1 firm).

Gapping up in reaction to strong earnings/guidance: FSYS +18.6%, CSIQ +17.3%, KNXA +15.1%, NTWK +13.6%, ULTR +11.1%, FLR +7.2%, PAL +5.8%, WRNC +5.4%, BE +5.4%, BYI +4.3%, PGIC +3.5%, PBR +3.0%, PSEC +2.7%, GIGM +1.9%, CCJ +1.7%...

M&A news: IOMI 110.3% (Intercell AG to buy Iomai in a cash deal worth $6.60/share), EDS 0.9% (HPQ confirms it will acquire EDS for $25/share)...

Other news: CKXE +6.2% (revised purchase offer from 19X for $12 per share), FWLT +3.8% (up in sympathy with FLR), CFX +3.4% (Cramer makes positive comments on MadMoney), OC +2.0% (Cramer makes positive comments on MadMoney), EMR +1.9% (Cramer makes positive comments on MadMoney), SOLF +1.2% (HOKU Scientific and Solarfun approve amendment and extension of polysilicon supply agreement)...

Analyst upgrades: MEDX + 3.1% (upgraded to Buy at Needham), BOOM + 2.1% (upgraded to Buy at Keybanc).

Gapping up: FSYS +18.6%, KNXA +17.0%, FLR +7.2%, PAL +5.8%, BE +5.4%, BYI +4.3%, CFX +4.2%, WRNC +3.8%, PGIC +3.5%, PBR +3.0%, OC +2.7%, CKXE +2.0%, EMR +1.9%, LMC +1.8%...

Gapping down: ABP -11.4%, DFR -11.3%, DT -7.7%, VVTV -7.2%, HOKU -6.7%, NUAN -5.0%, LDK -4.8%, WNR -4.2%, NAT -4.2%, AU -2.9%, HT -2.8%, WMT -2.7%, ASML -2.7%, NLY -2.5%, TS -2.0%, PPC -1.8%, DB -1.5%.