- Pre-Market Indications

Thursday, September 11, 2008

Pre Market Trading Gap News

Gapping Down

In reaction to disappointing earnings/guidance: KNXA -19.8% (also downgraded to Neutral from Outperform at Credit Suisse, downgraded to Hold from Buy at Lazard and downgraded to Underweight at KeyBanc Capital Mkts), LULU -11.1%, ACTL -5.0%… Select mortgage/financial stocks trading lower: LEH -40.7% (cut to Neutral from Buy by Goldman Sachs- DJ and downgraded to Hold at Citigroup), MER -15.0%, WM -13.4%, IRE -11.4%, RDN -11.1%, SNV -10.4%, SCA -8.8%, AIB -8.5% (downgraded to Sell at Dresdner Kleinwort), MTG -8.0%, ABK -7.6%, PMI -7.5%, MS -7.5%, AIG -7.4%, MBI -6.3%, RBS -6.2%, BAC -6.1% (ests cut at Credit Suisse and RBC lowering ests following recent disclosures), AXA -6.0% (downgraded to Neutral at UBS), UBS -5.9%, BCS -5.9%, LYG -5.9%, WB -5.8%, ING -5.4%, GS -5.0%, DB -4.8%, C -4.3%, JPM -3.3%, WFC -3.0%, NMR -2.3% (leads Asian financials down after Lehman loss -… Select metals/mining stocks trading lower with strength in dollar and lower spot prices: GOLD -4.0%, GFI -3.7%, BHP -2.7%, MT -2.2%, RTP -1.4%, HMY -1.3%, GLD -1.3%… Select solar names showing weakness: FSLR -7.0%, YGE -5.6%, LDK -5.2%, JASO -5.1%, TSL -4.9%, CSIQ -4.4%, ESLR -4.2%… Other news: CHL -5.1% (trading ex-dividend)… Analyst comments: PDLI -5.3% (downgraded to Underweight at JPMorgan), AEG -4.9% (downgraded to Sell at UBS), NVDA -4.8% (downgraded to Equal Weight at Lehman), AZN -3.6% (downgraded to Sell at Goldman - DJ), RAI -1.8% (downgraded to Underweight at Morgan Stanley).

Gapping Up

With equity futures trading significantly lower this morning (S&P futures -18, Dow futures -130), very few stocks are trading higher in premarket… In reaction to strong earnings/guidance: CSX + 4.8%, GCOM + 3.7%

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