MarketWatch.com - Pre-Market Indications

Wednesday, May 14, 2008

Trader Talk with Bob Pisani - CNBC.com

Futures popped 8 points as CPI was a bit below expectations. Prior to the CPI, the bond market broke to lows for the year as the Wall Street Journal's front page (subscription required) asks, "Recession? Not So Fast, Say Some."

Dollar dropped a bit as the CPI report made it a bit less likely the Fed might hike rates to fight inflation.

Things are not going well in the U.K., where they are facing a real dilemma--the housing market is weakening, but inflation is high. They are unlikely to cut rates, despite the pressure from housing.

Deere

Deere & Co
DE

90.19 UNCH 0%
NYSE








[DE 90.19 --- UNCH (0%) ] reported earnings in line with expectations, but stock is down 6 percent because earnings projections for the current quarter are a bit below expectations. Those wondering how much a stronger currency is having on corporate earnings get a clear answer from Deere: they are expecting equipment sales to increase 20 percent for the full year, of which 5 percent is due to currency translation impact.

Freddie Mac

Freddie Mac
FRE

24.96 UNCH 0%
NYSE








[FRE 24.96 --- UNCH (0%) ] reported a loss that was not as great as expected, up 4 percent. They're expecting to raise more capital ($5.5 b) soon.

Surprise! Macy's

Macy's Inc
M

24.06 UNCH 0%
NYSE








[M 24.06 --- UNCH (0%) ] was supposed to report a modest loss of $0.02, but they reported a modest gain of $0.02, and on top of it reiterated their full year outlook. Up 8 percent.

Goldman Sachs jointed Oppenheimer and cut full year estimates for brokers, specifically Bear Stearns

Bear Stearns Cos Inc
BSC

10.16 UNCH 0%
NYSE








[BSC 10.16 --- UNCH (0%) ] , Lehman [LEH 42.95 --- UNCH (0%) ], and Morgan Stanley [MS 46.61 --- UNCH (0%) ] , citing an "extraordinarily challenging" operating environment.


CPI Makes Fed Rate Increases To Fight Inflation Less Likely - Trader Talk with Bob Pisani - CNBC.com

Pre MArket Trading Indications

Gapping down in reaction to disappointing earnings/guidance: ASEI -11.9%, APP -11.3%, WFMI -9.4%, MELI -9.1%, HQS -7.5%, DE -6.5%, JBX -5.5%, WCG -5.1%, TTIL -5.0%, GIVN -4.4%, MBRK -2.5%, ERTS -1.9%...

Other news
: IMB -6.5% (continued weakness from yesterday's 20%+ decline), CHDX -5.0% (confirms $100 mln shelf registration; currently believes hospital division will achieve an approximately 30% increase over last fiscal year's revenues), CAT -1.7% (down in sympathy with DE), NLY -1.4% (prices a 60 mln share common stock offering at $16.15/share), EXR -1.3% (announces pricing of public offering of Common Stock of 13 mln shares)...

Analyst downgrades
: ANAD -2.3% (downgraded to Perform at Oppenheimer), IPI -2.2% (initiated with Sell at Soleil), ARBA -1.9% (downgraded to Hold at Roth Capital), ZMH -1.5% (downgraded to Neutral at Robert W. Baird), CCJ -1.0% (downgraded to Neutral at UBS).

Gapping
up in reaction to strong earnings/guidance
: CAAS +20.4%, SOL +13.7%, M +9.3%, DSX +8.6%, CRME +7.1%, FSIN +7.1%, FRE +6.0%, BUF +5.6%, CVLT +5.4% (also upgraded to Outperform at Raymond James), FLML +5.1%, JOBS +5.0%, HMIN +4.3%, SNE +3.8%, DRL +2.5%, DHT +2.2%, ING +1.8%, MT +1.2%...

Select solar stocks showing continued strength following strong earnings from SOL: SOLF +3.7%, AKNS +3.6%, JASO +1.9%, STP +1.6%, LDK +1.5%, FSLR +1.3%, SPWR +1.1%...

Other news
: XRIT +10.0% (announces Chief Financial Officer departure, appointment of interim replacement), UA +4.8% (will replace IMB in the S&P MidCap 400 after the close of trading on May 15), NFP +3.2% (will replace LIFC in the S&P SmallCap 600 after the close of trading on May 16, 2008), FNM +2.8% (up in sympathy with FRE), BHP +1.9% (rises overseas on talk Chinalco may seek stake - Bloomberg.com), OI +1.5% (Cramer makes positive comments on MadMoney), CCU +1.0% (announces settlement of litigation and amended merger agreement with private equity group co-sponsored by Thomas H. Lee Partners and Bain Capital Partners)...

Analyst upgrades
: RFMD +5.7% (upgraded to Buy from Neutral at Merrill), NTT +5.0% (upgraded to Buy at UBS - Bloomberg), ESLR +4.0% (upgraded to Buy at Jefferies), JAVA +2.2% (upgraded to Outperform at Wachovia), SPLS +1.6% (upgraded to Buy at Jefferies).

Gapping up:

XRIT +10.0%, CRME +9.3%, FRE +7.2%, FLML +5.1%, ESLR +4.0%, HMIN +3.9%, UA +3.9%, JOBS +3.5%, DSX +2.0%, BHP +1.9%, SPLS +1.6%, OI +1.3%, CCU +1.2%...

Gapping down:

APP -17.1%, MBRK -10.9%, ASEI -10.8%, WFMI -8.6%, DE -6.8%, SOL -3.1%, CHDX -2.5%, GOLD -2.0%, ERTS -1.5%, NLY -1.4%, EXR -1.3%.

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
Tuesday's Close Current Price Pct Chng Current NYSE Arca Vol
CAAS

$5.44

$6.59

21%

3,800

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
$138,905,224
CCU
$30,119,887
DE
$11,373,328
SOL
$11,182,073
QQQQ
$11,014,025
NLY
$9,243,605
YHOO
$7,788,371
IWM
$6,241,418
MT
$5,674,895
FRE
$5,180,174
Stock
Share Volume
SPY
990,177
CCU
867,300
NLY
570,756
SOL
471,629
YHOO
290,630
QQQQ
223,950
FRE
198,130
DT
184,000
NOK
164,770
DE
134,317


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)

ImmunoGen, Inc.
$3.56 $4 12.36% 5,000

Xinhua Finance Media Limited
$3.80 $4.15 9.21% 5,000

RF Micro Devices, Inc.
$3.50 $3.73 6.57% 49,272

Evergreen Solar, Inc.
$8.44 $8.90 5.45% 84,018

Home Inns & Hotels Management Inc.
$23.59 $24.80 5.13% 10,192

ShengdaTech, Inc.
$9.54 $9.93 4.09% 3,000

Staples, Inc.
$22.44 $22.93 2.18% 4,100

ADC Telecommunications, Inc.
$15.29 $15.62 2.16% 15,200

JA Solar Holdings, Co., Ltd.
$23.70 $24.20 2.11% 57,862

Sohu.com Inc.
$81.80 $83.50 2.08% 35,800

As of 5/14/2008 8:14:02 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)

Whole Foods Market, Inc.
$33.64 $30.41 9.60% 36,945

Electronic Arts Inc.
$54.57 $53 2.88% 7,040

ANADIGICS, Inc.
$12.02 $11.74 2.33% 5,216

Randgold Resources Limited
$44.41 $43.69 1.62% 4,900

O'Charley's Inc.
$11.29 $11.11 1.59% 3,200

Silicon Image, Inc.
$6.59 $6.53 0.91% 19,500

LM Ericsson Telephone Company
$26.02 $25.80 0.85% 17,828

ASML Holding N.V.
$29.17 $28.97 0.69% 6,200

SanDisk Corporation
$30.59 $30.41 0.59% 61,900

Sirius Satellite Radio Inc.
$2.83 $2.82 0.35% 11,551

As of 5/14/2008 8:14:58 AM

Pre-Market Most Active Stocks - NASDAQ Premarket

Pre Market Movers - Futures Trading - Nasdaq - NYSE

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