- Pre-Market Indications

Thursday, November 20, 2008

Pre Market trading Gap News

Gapping Down

In reaction to disappointing earnings/guidance: STP -20.5%, PAY -20.0% (also downgraded to Neutral at JPMorgan), GME -7.6%, WGOV -7.2%, SMTC -3.6%… Select solar names trading lower following STP results: TSL -11.6%, YGE -7.7%, CSIQ -6.9%, FSLR -5.1%, JASO -3.5%, SOLF -3.4%… Select financials trading lower: PUK -13.4% (following weakness in trading overseas), LNC -5.5%, ING -5.2%, DB -3.4%, GS -3.0%, JPM -2.5%, USB -2.0%, C -1.9% (Saudi Prince Alwaleed plans to boost Citi stake back to 5% - DJ), BAC -1.2%, MER -1.0%, WFC -1.0%… Select metals/mining names showing modest weakness: BHP -3.4%, MT -2.5%, RIO -2.0%, RTP -2.0%, BBL -1.3%… Select oil/gas names showing weakness with crude lower: CHK -3.4%, NOV -3.3%, RDS.A -3.0%, PBR -2.4%, BP -2.3%, COP -2.3%, XOM -1.9%, CVX -1.8%… Other news: GENT -26.2% (provides an update on the Phase 3 treatment trial of Defibrotide for Severe Veno-Occlusive Disease), DRYS -8.2% (showing weakness with Baltic Dry Index closing lower for the second straight session), GM -6.8% (Auto makers’ rescue drive stalls - WSJ), GE -2.5% (in talks with four Asian sovereign wealth funds -, VIP -2.4% (still checking), MSFT -1.1% (files 8-K related to co’s presentation of gains and losses resulting from foreign currency remeasurements)… Analyst comments: EGLE -10.9% (downgraded to Underperform at JPMorgan).

Gapping Up

In reaction to strong earnings/guidance: PETM +11.1%, COIN +10.6% (light volume), GYMB +6.1% (also upgraded to Overweight at JPMorgan), MW +4.5%, PEP +4.0%, BKE +3.4% (light volume), HOTT +2.1% (also upgraded to Buy at Pali Capital), INTU +1.0%… Select gold related stocks showing strength: GOLD +8.7%, AU +5.0%, HMY +4.5%, AAUK +3.6%, GG +3.4%, AEM +3.1%, GFI +2.3%, GLD +1.7%… Select European financials trading higher: IRE +20.4%, RBS +17.2%, BCS +5.2%, UBS +4.1%… Other news: INFI +11.0% (global strategic alliance with Purdue Pharma and Mundipharma encompassing Infinity’s early clinical and discovery programs), EYE +5.8% (discloses plan to reduce its fixed costs, includes reduction of ~5% of the global workforce), HITT +4.7% (will replace Sunrise Senior Living in the S&P SmallCap 600), OIS +3.6% (will replace SCSS in the S&P SmallCap 600), AXYS +2.0% (will replace ManTech International in the S&P SmallCap 600), IWOV +1.9% (will replace CPY in the S&P SmallCap 600), HPQ +1.0% (Cramer makes positive comments on MadMoney)… Analyst comments: CPHD +6.1% (initiated with Buy at Needham), ATR +3.0% (upgraded to Buy at Merrill), YHOO +1.1% (upgraded to Buy at Needham).

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. Also be sure to check out my stock market crash warning pt2, updated 11-19-08. You can also support the st0ckman by joining the pyrabang network. PyraBang is an awesome concept striving to take down main stream media and their corporate programming.

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