MarketWatch.com - Pre-Market Indications

Thursday, April 3, 2008

4/2/08 Larry King Autism w/ Jenny McCarthy. Vaccines

Pre Market Trader Talk with Bob Pisani - CNBC.com

407,000 initial jobless claims is the highest since the 425,000 reading of Sept 16, 2005. Disappointing. Futures dropped 8 points, bonds rallied.

Continuing concerns over writedowns of European banks caused a brief rally in the dollar, but the poor jobless claims has taken much of the gains out.

Elsewhere:

1) Is the decline in Chinese stocks ending? Hong Kong's Hang Seng index has finally broken a downtrend that began back in November. The Shanghai index, which has been in a freefall since January (down 40 percent or so), which is just off its lows, had one of its best days in a while, up about 3 percent.

2) With all this talk of reform in Washington, where is the proposed FHA expansion that everyone was talking about a few weeks ago, which Barney Frank referenced? It seems to have disappeared. There was significant stimulus in the plan.

Earnings:

1) Micron

Micron Technology Inc
MU

6.39 UNCH 0%
NYSE




[MU 6.39 --- UNCH (0%) ] reported earnings a bit below expectations. Average selling prices were down for both NAND (flash memory chips--down 30 percent) and DRAM (down 15 percent). Despite that, Goldman upgraded the stock, saying DRAM fundamentals would improve later in the year. Up 5 percent.

2) Ruby Tuesday

Ruby Tuesday Inc
RI

7.88 UNCH 0%
NYSE




[RI 7.88 --- UNCH (0%) ] reported earnings a bit above expectations, and like most restaurants talked about the lower spending by consumers and the emphasis on controlling costs. They tightened full year estimates to $0.40-$0.50 from $0.40-$0.60.

3) Constellation Brands

Constellation Brands Inc
STZ

18.72 UNCH 0%
NYSE




[STZ 18.72 --- UNCH (0%) ] beat, and guided for fiscal 2009 of $1.68-$1.76 (analyst estimate $1.67).

National City

National City Corp
NCC

9.22 UNCH 0%
NYSE




[NCC 9.22 --- UNCH (0%) ] said on Tuesday that they were exploring strategic alternatives, essentially acknowledging that they are for sale. But what is it worth? Even a modest premium would be good news for the beleaguered banking business. Today, Morgan Stanley said they thought it was worth $12 as an acquisition candidate. That's about 25 percent above the $9.22 price it closed at. They upgrade the stock, as does Bear Stearns.


Jobless Numbers Not To Markets Liking - Trader Talk with Bob Pisani - CNBC.com

Pre Market Trading Indications

Gapping down in reaction to strong earnings/guidance: ATSI +23.3%, ANGO +12.6%, XIN +8.3%, TMWD +6.9%, SCHN +4.7%, RBN +4.1%, MU +4.1% (upgraded to Neutral at tier 1 firm), , RPM +3.7%, SYT +3.7%, RIMM +3.3%, STZ +2.8%...

Other news
: CBLI +11.6% (says DoD awards it a contract to develop Protectan CBLB502; shall not exceed $8.9 mln in development funding), LDK +7.4% (signs a ten-year wafer supply agreement with Moser Baer Photo Voltaic), DNDN +7.3% (announces $47 mln registered direct offering), CVP +7.2% (modestly rebounding after yesterday's 50%+drop), VCGH +5.7% (Donald Prosser has been named interim Chief Financial and Accounting Officer), MEDX +4.8% (announces Ipilimumab program continues to move forward; previously-stated guidance remains unchanged), CCU +4.5% (Federal judge orders CCU case back to state court - Bloomberg), BLX +3.5% (still checking), MRVL +2.8% (up in sympathy with RIMM and MU), CPST +2.5% (announced that it received a $2.6 mln follow-on order from its Switzerland-based distributor for its C200 MicroTurbine systems), TASR +2.4% (Sports Authority to carry TASER C2 personal protectors), ACI +2.2% (Cramer makes positive comments on MadMoney), SGP +1.7% (announces productivity transformation program; looking to generate $1.5B of annual savings)...

Analyst upgrades
: NCC +4.7% (upgraded to Outperform at Bear Sterns and upgraded to Equal Wt at Morgan Stanley), EBAY +3.0% (upgraded to Buy at Merrill), SPP +1.9% (upgraded to Outperform at Credit Suisse), PTEC +1.3% (upgraded to Buy at Roth Capital), LULU +1.2% (upgraded to Overwt at Weisel), MGLN +1.2% (upgraded to Buy at tier 1 firm), MRO +1.1% (upgraded to Outperform at Oppenheimer).

NYSE Arca Pre Market Morning Update

NYSE Arca Morning Update for Thursday, Apr 3, 2008 :


Stocks trading on NYSE Arca at a price more than 15% away from the previous trade day's consolidated close price. (As of 08:30:00 ET)

Stock
Wednesday's Close Current Price Pct Chng Current NYSE Arca Vol
HOLX

$58.99

$34.51

( 42%)

825

CBLI

$4.05

$5.00

23%

500

10 Most Active stocks on NYSE Arca as of 08:30:00 ET

Based on Dollar Volume: Based on Share Volume:
Stock
Dollar Volume
SPY
$137,805,479
QQQQ
$72,410,649
RIMM
$37,147,821
GLD
$28,275,761
WFR
$22,925,965
DIA
$10,494,386
KFN
$4,863,980
AAPL
$4,733,540
FSLR
$4,349,597
BHP
$3,556,769
Stock
Share Volume
QQQQ
1,591,626
SPY
1,009,798
KFN
408,250
WFR
333,784
GLD
320,450
RIMM
309,853
CSCO
99,708
DIA
83,303
NOK
78,623
DNDN
77,500

NYSE Arca Morning Update

Pre Market Gaps

Gapping up: ANGO +14.7%, ATSI +14.4%, XIN +11.1%, EMKR +8.2%, MU +4.9%, RBN +4.7%, RIMM +4.5%, CCU +4.5%, BLX +3.5%, LDK +3.0%, ESLR +2.6%, EBAY +2.6%, ACI +2.2%, LMC +1.7%, BHP +1.3%, GOLD +1.2%, SGP +1.0%...
Gapping down
: HNI -12.6%, WFR -11.1%, JASO -3.9%, RT -3.6%, BCS -2.5%, CS -2.4%, LNDC -2.2%, FSLR -2.0%, DB -1.9%.

Pre-Market Most Active Stocks - NASDAQ Premarket


NASDAQ - Pre-Market Ten Most Advanced

Active Share Volume Declined

Symbol

Company Name

Market
Close
Last Sale (Pre-Market) % Change
(Pre-Market)
Share
Volume

(Pre-Market)

Medarex, Inc.
$7.63 $7.90 3.54% 8,469

Research in Motion Limited
$115.79 $119.80 3.46% 277,915

EMCORE Corporation
$6.83 $7.06 3.37% 10,400

eBay Inc.
$31.76 $32.80 3.27% 79,300

Dendreon Corporation
$5.08 $5.23 2.95% 24,000

Capstone Turbine Corporation
$2.38 $2.45 2.94% 16,056

Marvell Technology Group, Ltd.
$11.23 $11.50 2.40% 14,021

Crocs, Inc.
$15.55 $15.79 1.54% 9,547

TASER International, Inc.
$9.77 $9.90 1.33% 3,050

Hudson City Bancorp, Inc.
$18.66 $18.90 1.29% 10,500

As of 4/3/2008 8:10:56 AM

NASDAQ - Pre-Market Ten Most Declined

Active Share Volume Advanced

Symbol

Company Name

Market
Close
Last Sale (Pre-Market) % Change
(Pre-Market)
Share
Volume

(Pre-Market)

ASML Holding N.V.
$26.60 $25.85 2.82% 9,500

Cisco Systems, Inc.
$24.96 $24.30 2.64% 119,845

China Sunergy Co., Ltd.
$8.81 $8.60 2.38% 16,600

JA Solar Holdings, Co., Ltd.
$20.20 $19.87 1.63% 17,230

Perrigo Company
$39.07 $38.50 1.46% 14,150

Acergy S.A.
$22.76 $22.46 1.32% 4,500

First Solar, Inc.
$249.55 $247 1.02% 29,872

E*TRADE Financial Corporation
$4.24 $4.20 0.94% 3,500

Oracle Corporation
$20.49 $20.35 0.68% 32,500

Applied Materials, Inc.
$20.59 $20.45 0.68% 4,280

As of 4/3/2008 8:10:54 AM



Pre-Market Most Active Stocks - NASDAQ Premarket

Pre Market Movers - Futures Trading - Nasdaq - NYSE

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