MarketWatch.com - Pre-Market Indications

Tuesday, July 29, 2008

Pre Market Trading Detailed Gap News

Gapping Down

In reaction to disappointing earnings/guidance: CGNX -22.6%, NWK -20.8% (also downgraded to Hold at Needham), TRID -17.1% (also downgraded to Hold at Needham), PLXT -17.1%, ZRAN -16.7% (also downgraded to Buy at Needham and downgraded to Neutral from Overweight at J.P Morgan), BANR -14.2%, IAR -13.6% (light volume), CMP -12.7%, HLIT -10.5% (also downgraded to Neutral at Merrill), XL -10.2% (also announces $2.5 bln share offering; downgraded to In Line from Outperform at Fox Pitt), SEPR -10.1%, JDAS -10.1%, ININ -8.7%, LDSH -7.5%, ATHR -6.1%, CYH -6.0% (light volume), SNE -5.4% (also in talks to buy out Sony BMG Music - Reuters), COH -5.2%, LCAV -4.7%, MSO -4.6%, PCX -3.5%, MOS -3.4%, AATI -2.3% (also downgraded to Market Perform at JMP), RCII -2.1%…

M&A news: SIRI -17.6% and XMSR -5.3% (Sirius Satellite and XM complete merger)…


Select European financials trading lower following weakness overseas: BCS -5.1% , RBS -4.1% , UBS -3.7% , AXA -1.3% , HBC -1.0%…


Other news: CPCI -24.6% (discloses that the it filed a voluntary petition in the United States Bankruptcy Court pursuant to Chapter 11), PSSI -2.4% (announces proposed offering of $200 mln of convertible senior notes)… Analyst comments: OVTI -4.0% (downgraded to Neutral at JPMorgan), CWTR -2.8% (initiated with Sell at Goldman - DJ).

Gapping Up

In reaction to strong earnings/guidance: TUNE +9.2% (light volume), PRGX +7.4%, SAP +6.9% (also upgraded to Buy at Deutsche Bank and upgraded to Buy at Jefferies), ALU +6.3%, WBSN +5.7% (also upgraded to Buy at Soleil), VECO +5.4% (light volume), X +5.3%, WMGI +5.3%, MTW +5.2%, UA +5.1%, MIG +4.7% (light volume), HIG +4.4%, WLT +4.3%, AMGN +4.2% (upgraded to Buy at Citigroup and upgraded to Buy from Neutral at Merrill), GTI +3.7%, ELNK +3.7%, AG +3.6%, BP +2.0%, CLR +2.0%, CR +1.5%, NOV +1.2%, SPNC +1.0%, AUTH +1.0%…


Select metals/mining stocks showing strength: BBL +4.5%, MT +4.0%, BHP +4.0%, AAUK +3.9%, RTP +2.7%, GOLD +2.4%…


Other monoline insurers trading higher following XL, SCA, MER news: ABK +14.9%, MBI +14.8%…


Other news: SCA +82.7% (believes that its case reserves will have increased substantially as of June 30, 2008; also announces agreement with MER related to XL settlement), CNQR +6.5% (Concur Tech and American Express enter into exclusive alliance to offer corporate clients T&E expense management services), NUE +4.0% (up in sympathy with X), STP +1.9% (30MW supply agreement with Enel.si), CMTL +1.1% (receives $7.6 million of movement tracking system orders)… Analyst comments: V +1.3% (initiated with Buy at KeyBanc).




If you found this article interesting please subscribe for updates with any reader or your email. This site is not monetized and 100 percent free. My only form of payment is my readers comments and subscriptions

No comments:

Post a Comment

Your spam will not get posted on my blog. No wizetrade spammers etc

Pre Market Movers - Futures Trading - Nasdaq - NYSE

Subscribe to "The $t0ckman" via email

Enter your email address:

Delivered by FeedBurner