MarketWatch.com - Pre-Market Indications

Monday, November 24, 2008

Pre Market Trading Gap News

Gapping Down

In reaction to disappointing earnings/guidance: CBE -5.4% (light volume; also downgraded to Market Perform at Friedman Billings), VAL -2.4%… Other news: GTE -6.4% (announces temporary suspension of production operations in its Costayaco and Juanambu oil fields, Colombia), NCX -5.8% (to idle Pennsylvania Styrenic Polymer Plant), TEVA -2.0% (still checking)… Analyst comments: LL -5.5% (downgraded to Underperform at Merrill).

Gapping Up

M&A news: OMRI 15.8% (Johnson & Johnson announces agreement to acquire Omrix for $438 mln or $25 per share; also initiated with Buy at BofA), ALO +7.4% (KG Extends $37.00 cash tender offer through December 19, 2008)… Select financial related names showing continued strength boosted by C news: C +55.2% (Citigroup adds $40 bln of capital benefit through agreement with U.S. Treasury, Federal Reserve, and FDIC), CIT +24.6%, IRE +16.4%, RF +10.1%, MS +9.4%, MER +7.7%, BAC +7.7%, UBS +7.4%, AIG +6.2% (DJ reports that China CIC Exec says not planning to buy stake in AIG; also Reuters.com reports American Intl to sell aircraft-leasing unit ILFC to investors, according to investors), GS +4.6%, DB +4.4% (Ackermann to overhaul strategy after stock plunge - Bloomberg.com), WFC +4.3%, JPM +4.3%, AXA +4.2%… Select metals/mining names showing strength with higher spot prices and weaker dollar: SLW +13.5%, MT +7.0%, AUY +6.6%, AA +6.2%, FCX +6.1%, AU +5.8%, BHP +5.6%, GG +4.4%, ABX +3.3%, RTP +2.6%, GLD +1.9%, GOLD +1.8%, KGC +1.6%… Select oil/gas names showing strength with crude higher: PBR +3.4%, RDS.A +3.3%, SLB +2.9%, STO +2.6%, TOT +2.5%, COP +2.5%, BP +1.5%, XOM +1.2%, CVX +1.0%… Other news: TASR +20.8% (Police to receive 10,000 Tasers to tackle violent crime - Guardian Unlimited; also announces that Los Angeles Police Department Upgrades TASER program), LVS +10.8% (still checking for anything specific), TS +10.7% (climbed ~9% in overseas trading), DRYS +10.2% (still checking), SAP +5.3% (still checking), OC +2.6% and CRM +2.6% (Cramer makes positive comments on MadMoney), AAPL +2.0% (plans to cope with the harsh economic climate by minimizing the need to lay off staff in favor of reducing hours - AppleInsider)… Analyst comments: SNY +4.9% (upgraded to Overweight at Morgan Stanley).



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