Pre Market Trading Indications

Gapping up in reaction to strong earnings/guidance: VRGY +9.6%, CA +4.9%, GPS +1.2%, FL +1.2%...

Chinese Telecom stocks showing strength following reports that China began reorganizing its telecommunications industry: CHU +10.2%, CHA +7.4%...

A handful of small cap oil & gas names are ticking higher in pre-mkt in a continuation of recent momentum: GBR +18.2% (see our 8:22 comment for color on strength); MXC +7.4%, FPP +7.0%...

Other news: RTK +22.3% (still checking); SINO +12.5% (recent shipping IPO seeing continued momentum); ISRG +4.1% (will replace The Bear Stearns Companies (BSC) in the S&P 500)... Analyst upgrades: IVAN +5.5% (initiated with an Outperform at Raymond James).

Gapping Up: IXYS 9.6%, HIBB 9.0%, VRGY 6.9%, ISRG 4.1%, MT 2.0%, AAPL 2.0%, CA 1.2%, ZUMZ 1.2%, GPS 1.2%, FL 1.2%, RBS 1.2%...

Gapping Down: ALKS -8.2%, BBOX -6.6%, ARUN -5.3%, ARO -3.7%, PSUN -3.6%, DDS -3.4%, BHP -3.2%, AACC -2.8%, NUE -2.2%, FRO -2.1%, BBL -2.0%, PPO -1.7%, ALU -1.4%, ASML -1.0%.