Gapping Down
In reaction to disappointing earnings/guidance: RACK -9.7%, JCI -8.6%, PEP -4.1%, WYNN -2.2%… Other news: RBS -33.1% and LYG -13.6% (checking for anything specific)… Analyst comments: GSIC -2.3% (downgraded to Perform at Oppenheimer).
Gapping Up
In reaction to strong earnings/guidance: XL +20.5%, MXIM +7.1%, HERO +6.3%, JBHT +6.1%, JNJ +3.7%, PKX +1.5%… M&A news: IMCL +2.7% (Lilly commences cash tender offer for ImClone Systems at $70/share), SOV +1.9% (Banco Santander, S.A. to acquire Sovereign Bancorp for ~$1.9 bln)… Select financial related stocks showing continued strength with the U.S. Govt set to buy preferred equity stakes in top financial institutions: MS +18.8%, ABK +17.5%, DB +13.0%, GNW +12.3%, RF +12.0%, BAC +10.3%, AIG +10.1% (Maurice Greenberg outlines a proposal for certain changes to AIG funding in letter to the Board), NCC +9.6%, GS +9.0%, C +8.9%, UBS +7.9%, MER +7.8%, BCS +7.2%, MBI +2.7%,… Select oil/gas related names showing strength with crude higher: STO +6.7%, E +6.6%, TOT +6.0%, CVX +3.3%… Select metals/mining names showing strength with higher spot prices: AKS +12.7%, GOLD +10.2%, X +9.6%, RTP +5.4%, BHP +4.1%… Other news: F +19.6% (checking for anything specific), GM +11.4% (says bankruptcy not an option - Reuters.com), TSL +10.4% (still checking), ALU +10.0% (shares rise on possible sale of Thales stake - Bloomberg.com), TRN +8.0% (Cramer makes positive comments on MadMoney), CHK +7.9% (Cramer makes positive comments on MadMoney)… Analyst comments: FSLR +6.3% (upgraded to Market Perform at Friedman Billings), V +5.3% (upgraded to Outperform from Market Perform at Morgan Keegan), MA +4.3% (upgraded to Outperform at Morgan Keegan), RIMM +4.1% (upgraded to Hold at Needham), NOK +4.0% (upgraded to Hold at Societe Generale - Bloomberg), BX +3.4% (upgraded to Hold at Jefferies).
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