Pre Market Trading Gap News

Gapping Down

In reaction to disappointing earnings/guidance: AAI -20.3%, CNB -19.1%, ANAD -18.7%, ABB -14.9%, AMZN -13.7%, SNE -12.1%, ADCT -11.6% (also downgraded to Underweight at JPMorgan), ACL -11.4%, TEX -10.3%, LRCX -6.3% (also downgraded to Neutral at Credit Suisse), STX -6.3%, DAI -4.9%, PLD -4.7%, BDK -4.5%, NTRI -4.4%, BIDU -3.2%, CS -2.8%, BG -2.1%… Select financials trading lower: BCS -8.7%, AXA -7.9%, ING -7.9% (announces John Hele, Chief Financial Officer, will leave ING as of March 31 2009), STD -3.2%, BAC -2.5%, HBC -2.3%, GS -2.2%, JPM -1.4%, WFC -1.4%… Select oil/gas names showing weakness with crude trading lower: REP -4.9%, PBR -4.1%, TOT -3.0%, BP -2.7%… Select metals/mining names showing weakness with lower spot prices: BHP -8.5% (BHP said to face EU objections to RTP offer - Bloomberg.com), BBL -8.4%, MT -7.6% (Arcelor Mittal reviews $35 bln plan for growth - FT), GOLD -7.1%, RIO -6.4%, AEM -6.2%, ABX -4.8%, NEM -4.0%, GLD -3.2%, AUY -2.0%, AA -2.0%… Other news: CDNS -7.4% (announces accounting review and postpones release of Q3 financial results and webcast; reaffirms the expected third quarter 2008 results; also downgraded to Hold from Buy at Citigroup), EBAY -1.5% (trading down in sympathy with AMZN)… Analyst comments: PCU -7.8% (downgraded to Sell at Goldman - DJ), FRO -6.2% (downgraded to Underweight at JPMorgan), AKS -4.2% (initiated with Sell at BofA), FCX -4.2% (downgraded to Neutral at Goldman - DJ), BHI -1.4% (downgraded to Hold at Stern Agee).

Gapping Up

In reaction to strong earnings/guidance: RHD +61.8%, SPAR +38.1% (light volume), SSCC +36.8%, FFIV +12.2%, CTXS +10.2%, LVLT +9.8%, WIRE +8.2%, NE +7.9%, SYT +6.6%, DOW +5.6%, ELN +5.5%, JBLU +5.0%, AMGN +4.3%, BMY +3.3%, GSIC +3.2% (also upgraded to Buy at Stifel Nicolaus), POT +2.8%, DO +2.8%, AXYS +2.7%, PSSI +2.4%, NOV +2.1%, UPS +1.9%… M&A news: JUPM +83.3% (to be acquired by Getty Images for $96 mln in cash).

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