MarketWatch.com - Pre-Market Indications

Thursday, May 8, 2008

PreMarket Trading Indications

Gapping down in reaction to disappointing earnings/guidance/same store sales: AIRN -19.6%, BRL -19.4%, HANS -17.7% (also downgraded to Neutral at tier 1 firm), AKNS -17.2%, INAP -15.5% (also downgraded to Neutral at Cowen and downgraded to Hold at Roth Capital), NSR -15.3% (also downgraded to Neutral from Outperform at Credit Suisse), VTAL -14.8%, PSPT -14.0%, OVEN -12.0%, BCRX -11.1%, TKC -7.6%, WRI -6.9% (also downgraded to Sell at Citigroup and downgraded to Sell at Cantor), NHWK -6.5% (also announces dutch tender offer for its common stock), SFY -6.0%, OMG -5.9%, DYN -5.7%, XRM -5.3%, PDX -5.2%, DPM -4.0%, ANDE -1.9%, GIL -1.4%...

Other news: TTMI -8.6% (announces a $125 mln convertible notes offering pursuant to its effective shelf registration), UBS -1.7% (still checking)...

Analyst downgrades
: CLWR -4.1% (downgraded to Sell at Citigroup), EGLE -3.5% (downgraded to Peer Perform at Bear Sterns), YRCW -3.1% (downgraded to Sell at Stifel Nicolaus), OWW -2.3% (downgraded to Market Perform at Piper), SAM -2.0% (downgraded to Neutral from Overweight at HSBC), LCC -1.9% (downgraded to Neutral at Merrill), PCBC -1.8% (downgraded to Underperform at RBC), JEF -1.4% (downgraded to Underperform from Market Perform at Wachovia), ARMH -1.4% (downgraded to Neutral at tier 1 firm).

Gapping up in reaction to strong earnings/guidance/same store sales: BLTI +20.0%, BAGL +18.2% (also upgraded to Outperform at Piper), ENOC +16.1%, CROX +16.0%, SBH +10.2%, ENER +10.0%, NVEC +9.9%, DRRX +7.9%, AVCA +7.9%, RHD +7.8%, WG +6.9%, FLY +6.8%, ARO +6.2%, UL +4.7%, EP +3.9%, ANH +3.7% (also upgraded to Outperform at Keefe Bruyette), PHX +3.7%, AUY +3.0%, GCOM +2.7%, PRSC +2.2%, PCR +2.2%, KALU +1.6%, BBBB +1.5%, PSSI +1.4%, NWS.A +1.2%... Select metals/mining stocks showing strength with modestly higher spot prices: LMC +4.4%, BHP +4.4%, GOLD +3.8%, RTP +2.7%, MT +2.3%...

Other news
: ONT +15.7% (adds comprehensive video capabilities to ubiquitous Java platform with On2 Technologies), DRS +13.0% (Italy's Finmeccanica in talks with DRS Technologies - WSJ), ALNY +8.7% (Novartis exercises rights to purchase additional shares of Alnylam's common stock), ITWO +3.0% (provides update on strategic review process; Chairman of the Board steps down), AGN +1.4% (Cramer makes positive comments on MadMoney), FWLT +1.4% (Cramer makes positive comments on MadMoney)...

Analyst upgrades
: ONNN +3.4% (upgraded to Buy at Canaccord), FFIV +2.5% (upgraded to Outperform from Sector Perform at RBC), ARG +1.1% (initiated with Buy at Merrill).

PreMarket - Trader Talk with Bob Pisani - CNBC.com

As expected, the ECB and the Bank of England left interest rates unchanged; the ECB at 4.0 percent. Futures dipped a bit at 8:50 am ET as Mr. Trichet began talking, giving his usual speech on the importance of combating inflation.

Retail sales, very encouraging. In general, April looked better than March, even if you include the early Easter and better weather. There are more beats than misses. The question is whether oil trumps better sales.

Beat: Wal-Mart

Wal-Mart Stores Inc
WMT

56.83 UNCH 0%
NYSE




[WMT 56.83 --- UNCH (0%) ] , Kohl's [KSS 48.72 --- UNCH (0%) ] , and teen retailers like Abercrombie [ANF 72.66 --- UNCH (0%) ] , American Eagle [AEO 18.36 --- UNCH (0%) ], Buckle [BKE 49.51 --- UNCH (0%) ] and Aeropostale [ARO 32.2 --- UNCH (0%) ] . Aeropostale was terrific, sales up 25 percent, better, far better than up 7.1 percent expected, and they raised their earnings estimate for the first quarter. American Eagle backed first quarter guidance. Bulk sellers like BJ's Wholesale[BJ 38.94 --- UNCH (0%) ] and Costco [COST 72.08 --- UNCH (0%) ] were also strong.

Worse than expected: Limited

Limited Brands Inc
LTD

17.62 UNCH 0%
NYSE




[LTD 17.62 --- UNCH (0%) ] , Gap [GPS 18.24 --- UNCH (0%) ] , Dillards [DDT 18.77 --- UNCH (0%) ] , Chico's [CHS 6.86 --- UNCH (0%) ] .

JC Penney

JC Penney Co Inc
JCP

43.998 UNCH 0%
NYSE




[JCP 43.998 --- UNCH (0%) ] guided down for May comps.

Toyota

TOYOTA MOTOR CORP
TM

104.76 UNCH 0%
NYSE




[TM 104.76 --- UNCH (0%) ] sees a 40 percent fall in operating profit for the first half of the year. Partly this may be due to higher material costs and a stronger yen, but much of it is also due to worries about a slowdown in U.S. sales growth. They're talking 1 percent growth for the year up to March 2009, well below the growth of previous years.

Yamana Gold

Yamana Gold Inc
AUY

13.75 UNCH 0%
NYSE




[AUY 13.75 --- UNCH (0%) ]reported earnings better than expected.



For Markets, Question Is Whether Oil Trumps Better Sales - Trader Talk with Bob Pisani - CNBC.com

PreMarket Analyst Calls

  • Boston Beer Co. (NYSE: SAM) cut to Neutral at HSBC Securities.
  • Clearwire (NASDAQ: CLWR) cut to Sell at Citigroup.
  • Einstein Noah (NASDAQ: BAGL) raised to Buy at Piper Jaffray.
  • Jefferies Group (NYSE: JEF) cut to Neutral at Wachovia.
  • Macrovision (NASDAQ: MVSN) cut to Hold at Deutsche Bank.
  • Neustar (NYSE: NSR) cut to Neutral at Credit Suisse.
  • Orbitz (NYSE: OWW) cut to Neutral at Piper Jaffray.
  • Tenaris (NYSE: TS) cut to Hold at Citigroup.
  • Wachovia (NYSE: WB) raised to Neutral at Credit Suisse.
  • YRC Worldwide (NASDAQ: YRCW) cut to Sell at Stifel Nicolaus.


24/7 Wall St.

NYSE Arca Morning Update

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
PBR.A

$105.74

$53.53

( 49%)

3,926

PBR

$126.66

$64.33

( 49%)

1,000

CROX

$10.00

$12.30

23%

245,690

AKNS

$6.65

$5.22

( 22%)

11,600

ENER

$34.75

$42.08

21%

135,410

HANS

$35.60

$29.05

( 18%)

94,945

BLTI

$2.49

$2.95

18%

1,000

DRS

$63.69

$75.00

18%

110,677

BRL

$49.65

$42.05

( 15%)

76,807

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
$106,667,139
IWM
$13,392,329
AAPL
$10,990,013
QQQQ
$10,885,289
WMT
$8,789,933
DRS
$8,243,837
ENER
$5,565,443
GOOG
$4,625,357
BHP
$4,510,034
USO
$4,495,728
Stock
Share Volume
SPY
761,790
CROX
245,690
QQQQ
225,549
IWM
186,457
WMT
152,451
NOK
141,300
ENER
135,410
DRS
110,677
HANS
94,945
BRL
76,807

NYSE Arca Morning Update

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)

Energy Conversion Devices, Inc.
$34.81 $40.80 17.21% 101,172

Crocs, Inc.
$9.96 $11.64 16.87% 76,811

Kaiser Aluminum Corporation
$73.94 $76.50 3.46% 15,430

Randgold Resources Limited
$43.14 $44.46 3.06% 16,548

Altera Corporation
$22.35 $23 2.91% 10,200

UTStarcom, Inc.
$3.87 $3.98 2.84% 3,200

JA Solar Holdings, Co., Ltd.
$21.73 $22.29 2.58% 4,148

F5 Networks, Inc.
$25.95 $26.61 2.54% 17,200

Foster Wheeler Ltd.
$65.16 $66.33 1.80% 3,250

EMCORE Corporation
$7.37 $7.50 1.76% 9,400

As of 5/8/2008 8:04:52 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)

Hansen Natural Corporation
$35.60 $29.49 17.16% 86,594

Pacific Sunwear of California, Inc.
$12.37 $11.86 4.12% 5,000

ASML Holding N.V.
$29.61 $29.40 0.71% 250,807

QUALCOMM Incorporated
$43.54 $43.50 0.09% 10,000

As of 5/8/2008 8:04:54 AM


Pre-Market Most Active Stocks - NASDAQ Premarket

Pre Market Movers - Futures Trading - Nasdaq - NYSE

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