MarketWatch.com - Pre-Market Indications

Friday, May 16, 2008

Pre Market Trading Indications


Gapping down in reaction to disappointing earnings/guidance
: ATEA -27.1%, GSI -19.3%, QTM -10.1%, SPRD -9.6%, KONG -9.5%, GA -7.9%, EXAR -7.9%, MNT -7.2%, CLNE -5.5%, BZH -4.7%, CPWR -2.7%, KSS -1.0%...

Other news: DVAX -7.6% (TOLAMBA chamber study misses primary endpoint; sees total pro forma revs for 2008 unchanged in the range of $42 to $46 mln), ALD -5.7% (co filed a Form 497 after the close last night related to 7.5 mln share offering as part of previously announced shelf offering), RBS -4.5% (Berkshire pulls out of RBS auction - Financial Times), SNY -4.2% (still checking), LWAY -4.0% (FDA shutting down co's seafood, cream cheese ops - DJ), LPL -4.0% (LG Display sinks after Lehman downgrade - Reuters.com), ATN -3.5% (prices public offering of common units), AMR -2.8% (FAA looks into American's inspections - WSJ), OSIP -2.8% (still checking), ASTI -1.8% (prices its offering of 3.8 mln common shares at $14.00/share)...

Analyst downgrades
: RF -3.3% (downgraded to Sell at Merrill), CNQR -2.8% (downgraded to Neutral at Credit Suisse), JCP -1.8% (downgraded to Neutral at tier 1 firm), ALB -1.7% (downgraded to Neutral at JPMorgan), LVS -1.6% (resumed with Sell at Merrill), RAI -1.5% (downgraded to Underweight at JPMorgan), URBN -1.5% (downgraded to Equal Weight at Lehman and downgraded to Hold at Stifel Nicolaus), SNDK -1.2% (downgraded to Underperform at JMP), HCN -1.1% (downgraded to Market Perform at Morgan Keegan).

Gapping up in reaction to strong earnings/guidance
: CPSL +26.0%, NED +21.0%, SUTR +17.9%, AAP +9.7% (also authorizes $250 mln share repurchase to replace existing program), UTSI +4.6%, BMC +4.3%...

M&A news
: CHIP +21.7% (Stanley Works agrees to acquire Xmark from VeriChip for $45 mln cash)...

Select biotech/pharma stocks showing strength with 2008 ASCO abstracts filed last night: PCOP +18.2% (investigational therapy PS433540 achieves 'statistically significant' reductions in blood pressure in hypertensive patients), MEDX +7.0%, AZN +2.0% (Array Biopharma and AstraZeneca announce new Ph. 2 development plans for the investigational anti-cancer drug AZD6244), DNA +2.0% (provided an overview of several clinical studies of Avastin), LLY +1.7%...

Select metals/mining stocks showing strength with higher spot prices
: LMC +6.5% AAUK +2.7% DROOY +2.5% RTP +1.8%, GLD +1.5%, GOLD +1.4%...

Other news
: HOKU +15.2% (announces that the Public Utilities Commission approves Hoku Solar-Hawaiian electric contract for photovoltaic project), AMLN +6.1% (Icahn discloses new 6.3 mln share stake), KMX +3.9% (Berkshire Hathaway discloses increased stake in co), ENI +3.6% (Cramer makes positive comments on MadMoney), NOK +2.8% (still checking), SAN +2.4% (Cramer makes positive comments on MadMoney), SBUX +2.1% (Peltz's Triac reports stake in Starbucks - Bloomberg), ALU +1.9% (still checking), BP +1.4% and TOT +1.4% (still checking on anything specific), KFT +1.2% (Berkshire Hathaway discloses increased stake in co)...

Analyst upgrades
: RSH +5.0% (upgraded to Buy and added to Conviction Buy List at tier 1 firm), IGT +1.4% (resumed with Buy at Merrill).

Gapping up:

CHIP +21.7%, NED +21.0%, SUTR +19.6%, HOKU +15.2%, AAP +8.7%, LMC +6.5%, AMLN +6.1%, JWN +4.0%, KMX +3.9%, ENI +3.6%, BMC +3.5%, NOK +2.8%, AAUK +2.7%, SAN +2.4%, SBUX +2.1%, BP +1.4%, TOT +1.4%, KFT +1.2%...

Gapping down:

LWAY -18.4%, GSI -18.1%, KONG -14.9%, QTM -10.1%, CLNE -9.1%, MNT -8.7%, EXAR -7.9%, SPRD -7.8%, ASTI -5.6%, GA -5.5%, NCOC -5.1%, ALD -4.7%, OSIP -4.4%, ATN -4.1%, CPWR -2.7%, KSS -1.5%.

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
Thursday's Close Current Price Pct Chng Current NYSE Arca Vol
CLF

$190.66

$96.30

( 49%)

450

CPSL

$4.36

$5.84

34%

491,896

PCOP

$3.18

$4.25

34%

21,740

SUTR

$7.00

$8.43

20%

4,190

GSI

$11.90

$9.55

( 20%)

3,675

NED

$6.86

$8.18

19%

6,800

HOKU

$7.81

$9.03

16%

9,300

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
$159,198,549
QQQQ
$27,934,026
USO
$17,428,721
DIA
$15,263,198
NOK
$14,288,069
GLD
$12,462,640
BHP
$6,274,095
AAPL
$5,158,193
TOT
$3,741,834
CPSL
$2,882,360
Stock
Share Volume
SPY
1,114,931
QQQQ
558,417
NOK
492,178
CPSL
491,896
ALU
174,691
USO
170,220
GLD
141,076
ASTI
127,312
DIA
117,238
ETFC
90,555

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)

Pharmacopeia, Inc.
$3.18 $4.14 30.19% 16,930

Hoku Scientific, Inc.
$7.81 $9.10 16.52% 18,050

China Finance Online Co. Limited
$22.04 $24.50 11.16% 37,765

Solarfun Power Holdings Co., Ltd.
$18.47 $19.10 3.41% 45,483

China Sunergy Co., Ltd.
$12.58 $13 3.34% 5,125

E*TRADE Financial Corporation
$4.36 $4.50 3.21% 157,654

Qiagen N.V.
$21.79 $22.46 3.07% 9,900

DryShips Inc.
$106.50 $109.35 2.68% 24,606

Ascent Solar Technologies, Inc.
$15.89 $16.28 2.45% 135,234

Evergreen Solar, Inc.
$9.32 $9.54 2.36% 3,370

As of 5/16/2008 8:17:52 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)

KongZhong Corporation
$5.18 $4.51 12.93% 6,800

Dynavax Technologies Corporation
$2.49 $2.30 7.63% 4,200

ONYX Pharmaceuticals, Inc.
$37.47 $35.20 6.06% 4,500

OSI Pharmaceuticals Inc.
$35.90 $34.98 2.56% 16,000

Sirius Satellite Radio Inc.
$2.80 $2.76 1.43% 63,450

SanDisk Corporation
$33.10 $32.65 1.36% 11,915

Yahoo! Inc.
$27.75 $27.63 0.43% 53,050

Encysive Pharmaceuticals Inc
$2.35 $2.34 0.43% 25,000

Intel Corporation
$24.97 $24.90 0.28% 6,000

Applied Materials, Inc.
$19.64 $19.60 0.20% 4,366

As of 5/16/2008 8:17:58 AM



Pre-Market Most Active Stocks - NASDAQ Premarket

Pre Market Movers - Futures Trading - Nasdaq - NYSE

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