May 7, 2008

Wednesday, May 7, 2008

ZENN electric car Bloomberg.com

considered high risk / speculative. discusses the "ultra capacitor"
see my previous posts on the zenn car:
http://st0ckman.blogspot.com/search?q=zenn

SmallCap pre-market gainers and losers

Here are the biggest percentage gainers and losers in pre-market trading among companies with a market cap between $50 million and $750 million:

Biggest percentage gainers:

• Multi-Fineline Electronix Inc (Nasdaq:MFLX), up 17.8% after the Anaheim, Calif.-based provider of flexible printed circuits reported a 45% boost in second-quarter sales.
• Gulfport Energy Corp (Nasdaq:GPOR), up 14.5%.
• Ceragon Networks Ltd (Nasdaq:CRNT), up 10.3%.

Biggest percentage losers:

• Synchronoss Technologies Inc (Nasdaq:SNCR), down 43.9% after posting a lower-than-expected quarterly profit and forecasting a weak second quarter.

Wednesday's pre-market gainers and losers - SmallCapInvestor.com

PreMarket - Trader Talk with Bob Pisani - CNBC.com

Dollar finally rallying today after a couple of down days. Metal commodities lower, but energy commodities flat.

Modest pop in futures as first quarter productivity rose a better than expected 2.2% vs expectations of 1.5%.

What we need here is more DEMAND; we need heavier volume on up days, and a clearer rotation into techs (already evident), industrials, and financials. It's not enough to just say, "Well, we haven't really seen any serious selling in a month." That's true, but not enough. Necessary, but not sufficient.

Sprint

Sprint Nextel Corp

9.19 UNCH 0%

NYSE

Quote | Chart | News | Profile

[S 9.19 --- UNCH (0%)

] up 7 percent on word of a $12 billion joint venture with Clearwire; [CLWR 16.46 --- UNCH (0%)

] they are merging their wireless broadband units. They will be trying to roll out the first high speed mobile unit using the WiMAX network. Financing is being provided by Comcast[CMCSA 21.85 --- UNCH (0%) ] , Intel [INTC 23.58 --- UNCH (0%) ] , Time Warner Cable [TWC 29.41 --- UNCH (0%) ] , and Google [GOOG 586.36 --- UNCH (0%) ] , and Bright House Networks , for a total of $3.2 billion. Google will be Sprint's preferred mobile search provider.

Increased oil and gas production, as well as higher oil and natural gas prices, helped Devon

Devon Energy Corp

DVN

120.33 UNCH 0%

NYSE

Quote | Chart | News | Profile

[DVN 120.33 --- UNCH (0%)

] and Transocean [RIG 157.85 --- UNCH (0%) ] reported earnings well above expectations. Transocean up 4 percent, Devon 3 percent.

What Does The Market Need? More Demand - Trader Talk with Bob Pisani - CNBC.com

Pre Market Trading Indications

Gapping down in reaction to disappointing earnings/guidance: SNCR -46.0% (also downgraded to Market Weight at Weisel and downgraded to Hold at Needham), PRXI -12.2%, ASYT -9.1%, JKHY -9.1%, PRA -8.6%, THQI -6.6%, PNM -6.5% (also downgraded to Underperform at Wachovia), HK -6.4% (also announces $500 million offering of senior notes and announces public offering of 21,000,000 shares of common stock ), UTI -5.7%, CTSH -5.2%, MFB -5.1%, EXP -4.9%, OSUR -4.9%, CELL -4.9%, RFMD -4.3% (also announces strategic restructuring), HAR -4.0%, BIDZ -3.8%, CUTR -3.6%, GSX -3.2%, POL -3.0%, SAM -2.9%, AEG -2.5%, UPL -2.3%, TOT -2.1%, VCLK -2.1%, NILE -2.0%...

Select Chinese names trading lower following weakness in overseas trading (Hang Seng closed -2.5%; Shanghai Composite closed -4.1%): SNP -4.0%, LFC -3.7%, ACH -3.7%, CHL -3.1%, CN -1.2%...

Other news: PAA -2.4% (announces offering of common units), ITRI -2.1% (announces sale of 3.4 million shares of common stock at $94.47), BZH -2.1% (discloses in 8-k that it received a default notice from The Bank of New York Trust Company National Association), UBS -1.8% (still checking), CEPH -1.7% (announces FDA advisory committee recommendation against approval of an expanded label for FENTORA), BHP -1.5% (still checking)...

Analyst downgrades: GGC -10.9% (downgraded to Sell at Citigroup), PTR -5.6% (downgraded to Underweight at JPMorgan), IPHS -4.7% (downgraded to Neutral from Outperform at Credit Suisse), BYD -3.5% (initiated with Sell at BofA), CTRP -3.2% (downgraded to Neutral at Piper), SOHU -2.7% (downgraded to Hold at Deutsche Bank), IAR -2.5% (downgraded to Equal Weight at Lehman), NITE -2.4% (downgraded to Equal Weight at Lehman), FTEK -1.3% (downgraded to Equal Weight at Morgan Stanley), KOF -1.1% (downgraded to Equal Weight at Morgan Stanley).

Gapping up:

UTSI +19.0%, MFLX +17.9%, CLWR +14.8%, SVR +13.7%, OPTV +11.6%, ONNN +10.4%, KOPN +10.0%, CHRD +7.9%, S +7.7%, GMXR +6.1%, AFN +4.2%, LXU +3.7%, EP +3.7%, DIS +2.8%, MBI +2.8%, XTO +1.8%, APC +1.3%...

Gapping down:

SNCR -43.2%, CTSH -7.4%, THQI -6.6%, CELL -6.4%, HK -6.1%, BZH -5.4%, EXP -4.9%, OSUR -4.9%, RFMD -4.3%, HAR -4.0%, BIDZ -3.8%, CUTR -3.6%, PAA -2.7%, ITRI -2.4%, VCLK -2.1%, NILE -2.0%, CEPH -1.7%.