Wednesday, June 4, 2008

ZENN on NBC's TMJ4 News

Bush Caught on Hidden Video!

Opening View: Guess Reports Earnings, Bank of America's Price Target Cut

In equity news, The Wall Street Journal reports that Lehman Brothers (LEH: View sentiment for LEHsentiment, chart, options) bought back some of its own stock on Tuesday in an attempt to staunch the 17%, two-day slide in the shares. Also in financials, J.P. Morgan ( JPM: View sentiment for JPMsentiment, chart, options) estimated another 9.5 billion euros in write-downs for European banks, saying that the group hasn't detailed their exposure to bond insurers as aggressively as Merrill Lynch (MER) has. Finally, Merrill Lynch trimmed its price target on Bank of America ( BAC: View sentiment for BACsentiment, chart, options) to $28 from $29 and reiterated the shares at "underperform." It also cut 2008, 2009, and 2010 earnings estimates by 20 cents per share for each year.

In earnings news, Guess (GES: View sentiment for GESsentiment, chart, options) reported a first-quarter profit of $47.8 million, or 51 cents per share, up from $35.5 million, or 38 cents, in the year-ago period. Revenue rose 30% to $465.7 million. Analysts expected earnings of 46 cents per share on sales of $451.9 million.

Finally, the Yahoo! (YHOO: View sentiment for YHOOsentiment, chart, options) saga continues, with the company setting its annual shareholder meeting for August 1. The company had already delayed the event from early June to late July after fallout from Microsoft's ( MSFT: View sentiment for MSFTsentiment, chart, options) acquisition bid. The meeting is expected to receive a great deal of attention as a forum for shareholders disappointed with the way the company handled Microsoft's offer.



Opening View: Guess Reports Earnings, Bank of America's Price Target Cut

Pre Market Trading Gaps

Gapping up:

SQNM +11.0%, COMV +9.9%, GES +7.3%, BOBE +3.5%, DMND +3.1%, UBS +1.9%...

Gapping down:

TIBX -9.3%, LEH -6.2%, KRY -6.1%, NTAP -4.0%, HOV -3.8%, NAVI -3.4%, ABK -3.3%, BCS -3.0%, GOLD -2.4%, ABB -1.7%, STT -1.5%, SNH -1.2%.



NYSE Arca Morning Update Pre MArket Trading Gaps

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
$222,843,927
STT
$26,392,244
QQQQ
$18,608,889
IWM
$16,600,632
MDY
$16,022,289
LEH
$10,912,569
BP
$7,540,028
BHP
$7,456,353
AAPL
$4,003,823
DIA
$3,993,769
Stock
Share Volume
SPY
1,618,621
QQQQ
379,844
STT
376,556
LEH
368,815
TIBX
239,275
IWM
225,800
SNH
155,300
UBS
114,500
BP
110,000
MDY
100,964

no stocks gapping more than 15 percent on arca
NYSE Arca Morning Update

Pre-Market Trading 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)

Sequenom, Inc.
$7.66 $8.74 14.10% 302,025

Align Technology, Inc.
$13.06 $13.50 3.37% 5,500

OMNI Energy Services Corp.
$6.78 $6.90 1.77% 12,207

Palm, Inc.
$6.57 $6.67 1.52% 3,000

Level 3 Communications, Inc.
$3.74 $3.78 1.07% 47,600

Yahoo! Inc.
$26.15 $26.25 0.38% 24,350

Marvell Technology Group, Ltd.
$17.30 $17.35 0.29% 5,500

E*TRADE Financial Corporation
$3.89 $3.90 0.26% 9,000

QUALCOMM Incorporated
$46.99 $47.05 0.13% 8,600

Microsoft Corporation
$27.31 $27.34 0.11% 707,503

As of 6/4/2008 8:31:12 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)

Indevus Pharmaceuticals Inc.
$4.10 $2.45 40.24% 4,400

TIBCO Software, Inc.
$7.72 $7.05 8.68% 1,364,351

Royale Energy, Inc.
$11.09 $10.28 7.30% 53,976

Frontier Financial Corporation
$14.54 $13.80 5.09% 21,000

Trimble Navigation Limited
$40.17 $38.98 2.96% 3,000

AgFeed Industries, Inc.
$17 $16.55 2.65% 3,150

LM Ericsson Telephone Company
$27.06 $26.45 2.25% 25,000

Randgold Resources Limited
$42.23 $41.41 1.94% 18,200

Linn Energy, LLC
$22.82 $22.51 1.36% 3,400

NVIDIA Corporation
$23.96 $23.70 1.09% 9,950

As of 6/4/2008 8:31:58 AM


Pre-Market Most Active Stocks - NASDAQ Premarket

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