MarketWatch.com - Pre-Market Indications

Monday, August 18, 2008

Pre Market Trading Gap News

Gapping Down

In reaction to disappointing earnings/guidance: HSY-8.2% (downgraded to Hold at Citigroup and resumed with a Sell at Stifel Nicolaus)…


M&A news: TTWO -7.4% (Electronic Arts issues update on offer for Take-Two; will allow tender offer to expire)…


Other news: PMFG -41.8% (trading post split), FRE -8.9% and FNM -8.8% (Fannie Mae and Freddie Mac mentioned negatively in Barron’s)…


Analyst comments: BEAT -9.6% (downgraded to Hold at Citigroup and downgraded to Market Weight at Weisel), HBAN -3.4% (downgraded to Sell from Neutral at FTN Midwest).




Gapping Up



In reaction to strong earnings/guidance: FMCN +11.4%, SDTH +8.2%, TSL +2.7%, BHP +1.3%…


M&A news: UB +11.5% (Mitsubishi UFJ Financial Group and UnionBanCal sign definitive merger agreement)…


Select oil/gas stocks showing strength with higher crude: STO +2.9%, TOT +2.7%, RDS.A +2.0%, BP +1.5%…


Select metals/mining names showing strength with higher spot prices and weaker dollar: GFI +5.1%, SLV +2.4%, MT +2.2%, AUY +1.4%, RTP +1.0%…


Select solar names trading higher boosted by TSL results: SOLF +7.1%, SOL +4.0%, ESLR +1.7%, JASO +1.5%… Other news: DYAX +24.7% (announces DX-88 for hereditary angioedema meets primary and secondary endpoints in Phase 3 trial), RHD +14.4% (mentioned positively in Barron’s), UBS +2.1% (UBS chairman is certain co will be independent in 2 years, according to report - Reuters.com)…


Analyst comments: CDNS +4.7% (upgraded to Buy at Citigroup), POT +1.9% (added to Top Picks Live List at Citigroup).



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