MarketWatch.com - Pre-Market Indications

Tuesday, May 27, 2008

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
Friday's Close Current Price Pct Chng Current NYSE Arca Vol
SU

$142.36

$72.09

( 49%)

1,100

WFT

$84.53

$42.99

( 49%)

1,000

SPF

$2.23

$2.66

19%

107,762

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
$65,542,660
QQQQ
$9,951,068
AAPL
$6,114,411
UBS
$5,879,229
TOT
$4,262,290
LEH
$3,242,929
BUD
$2,245,706
TS
$1,969,024
BP
$1,738,893
USO
$1,608,019
Stock
Share Volume
SPY
476,740
UBS
233,425
QQQQ
206,610
SPF
107,762
LEH
93,588
IFX
53,200
TOT
48,125
C
47,803
RBS
45,052
FVRL
44,293


NYSE Arca Morning Update

Opening View: GlaxoSmithKline and Novartis AG in the Pharmaceutical Spotlight

After a long holiday weekend, U.S. stock futures are trading lower heading into the open, indicative of a potentially negative start to regular session. Overseas trading is mixed this morning, after Asian markets surged higher but European markets found themselves in the red. In focus this morning are earnings and management news from Vodafone Group, brokerage news for General Electric, and GlaxoSmithKline and Novartis AG in the pharmaceutical limelight.

Vodafone Group (VOD: View sentiment for VODsentiment, chart, options) was making headlines this morning after reporting a profit of 6.66 billion pounds ($13.2 billion), with revenue jumping 14% higher to 35.48 billion pounds. Analysts, on average, expected a profit of 6.26 billion pounds on revenue of 35.32 billion pounds. Meanwhile, the firm announced its CEO, Arun Sarin, will step down in July after 5 years of service, with his position slated to be filled by Deputy CEO Vittorio Colao.

Turning to pharmaceuticals in focus, GlaxoSmithKline (GSK: View sentiment for GSKsentiment, chart, options) is set to open modestly lower after Morgan Stanley downgraded the drug maker to "underweight" from "equal weight." The broker attributed the cut to "significant risk to Street expectations for U.S. Cervarix approval in 2009." More specifically, the analyst cautioned that the Food and Drug Administration (FDA) requires evidence of a benefit for Cervarix versus rival Gardasil, produced by Merck (MRK).

In other drug-related news, shares of Novartis AG (NVS: View sentiment for NVSsentiment, chart, options) are set to open fractionally higher after reporting the European Commission gave clearance to market Extavia, an injection treating early and relapsing forms of multiple sclerosis. NVS has also filed for clearance with the FDA. In a statement, the drug maker said it hopes to launch Extavia in both the U.S. and the E.U. in the first half of 2009.

Checking in on blue chips, General Electric (GE: View sentiment for GEsentiment, chart, options) returned from a long weekend only to be greeted with a price-target cut from Deutsche Bank. More specifically, the broker cut GE's 12-month target to $33 from $35, reiterating its "hold" rating. The analyst forecast 2009 earnings will be hurt by rising tax and loss provision rates with GE Capital, on top of potential dilution from portfolio realignment.


Opening View: GlaxoSmithKline and Novartis AG in the Pharmaceutical Spotlight

Pre Market

UBS (NYSE:UBS) is trading down over 6% on news that it may have more real estate write-offs.

FloTek ((NYSE:FTK) is off 11% after cutting earnings forecasts.

Nokia (NYSE:NOK) is off 3%, perhaps on news of a restructuring of the telecom industry in China.

Vodafone (NYSE:VOD) is off about 2% on news that its CEO will retire.


Posts from the Before The Bell Category at BloggingStocks

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)

Ascent Solar Technologies, Inc.
$13.14 $13.95 6.16% 14,050

NGAS Resources, Inc.
$8.82 $9.30 5.44% 12,050

Origin Agritech Limited
$6.38 $6.64 4.08% 10,000

KongZhong Corporation
$4.33 $4.49 3.70% 5,100

Solarfun Power Holdings Co., Ltd.
$22.58 $23.20 2.75% 71,257

China Sunergy Co., Ltd.
$12.10 $12.42 2.64% 20,470

Evergreen Solar, Inc.
$10.97 $11.21 2.19% 44,722

Central European Distribution Corporation
$69.08 $70.39 1.90% 3,320

Canadian Solar Inc.
$38.49 $39.15 1.71% 5,704

OMNI Energy Services Corp.
$5.98 $6.08 1.67% 3,000

As of 5/27/2008 8:24:16 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)

Marvell Technology Group, Ltd.
$14.44 $14.07 2.56% 5,209

LM Ericsson Telephone Company
$27.11 $26.49 2.29% 15,100

Qiagen N.V.
$20.65 $20.24 1.99% 10,200

ASML Holding N.V.
$29.05 $28.69 1.24% 33,000

Level 3 Communications, Inc.
$3.49 $3.45 1.15% 17,000

Yahoo! Inc.
$27.72 $27.50 0.79% 9,600

Sirius Satellite Radio Inc.
$2.59 $2.57 0.77% 28,163

First Solar, Inc.
$278.48 $276.50 0.71% 4,530

Intel Corporation
$23.41 $23.25 0.68% 16,970

Research in Motion Limited
$131.64 $130.99 0.49% 3,862

As of 5/27/2008 8:24:50 AM


Pre-Market Most Active Stocks - NASDAQ Premarket

Pre Market Movers - Futures Trading - Nasdaq - NYSE

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