MarketWatch.com - Pre-Market Indications

Tuesday, August 12, 2008

Pre Market Trading Gap News

Gapping Down

In reaction to disappointing earnings/guidance: SCA -37.5%, SONS -18.9% (also downgraded to Hold at Cantor Fitzgerald), ZOLT -13.8% (also downgraded to Neutral from Buy at Jesup & Lamont and downgraded to Sell from Buy at Signal Hill), TRAK -10.7% (also downgraded to Neutral at JPMorgan), HBIO -8.5%, CRXL -4.4%, MDR -4.3%, MBLX -4.1% (light volume), NUAN -1.3%…


M&A news: MIDD -6.3% (to acquire OVEN for $200 mln in cash and stock)…


Select financials showing modest weakness: WB -2.8%, MS -2.6% (to repurchase auction rate securities ; also Moody’s downgrades Morgan Stanley to A1, stable), MER -2.0%, JPM -1.9% (loses $1.5 bln since July - Reuters), BAC -1.5%, C -1.2%, LEH -1.0%…


Other news: ALTU -29.1% (announces achievement of primary endpoint in phase 3 efficacy trial of Trizytek; patients from 3 out of 6 non-U.S. countries did not appear to show a difference between Trizytek and placebo groups; also downgraded to Neutral at Cowen), CMED -4.9% (announces concurrent offerings of $150 mln of Convertible Senior Notes and purchased ADSs pursuant to ADS issuance and repurchase agreements), AW -4.8% (comments on Waste Management’s latest unsolicited offer for Republic Services; says ‘fails to address fully massive antitrust issues and financing’), SNP -4.6% (still checking), INFY -4.0% (still checking), CHL -3.6% (shares fall on share-price estimate cut - Bloomberg.com), ZNH -2.9% (China airlines fall on pessimism on traffic - Bloomberg.com), VTR -2.6% (enters agreement to sell 4.4 mln shares of common stock)…


Analyst comments: MDVN -4.4% (downgraded to Sector Perform at RBC), ANN -4.0% (downgraded to Sell at Citigroup), UTHR -3.0% (initiated with Sell at Piper), GS -2.4% (downgraded to Hold at Deutsche Bank), PRXL -2.3% (downgraded to Hold at Jefferies), IBKC -2.2% (downgraded to Hold from Buy at Sterne Agee), UDR -2.0% (downgraded to Sell at BofA), TYC -2.0% (downgraded to Neutral at JPMorgan), WYNN -1.8% (downgraded to Neutral at JPMorgan), ITT -1.5% (downgraded to Underweight at JPMorgan), HWCC -1.2% (downgraded to Neutral at Piper), MCD -1.1% (downgraded to Neutral at UBS).

Gapping Up

In reaction to strong earnings/guidance: SPPI +21.5%, LDK +19.1% (upgraded to Neutral at Piper), AIRT +17.9%, VSE +13.8%, AMCN +12.2%, INTX +10.3% (light volume), CSY +7.4% (light volume), FUQI +5.6% (light volume), FLR +5.3%, TWTC +2.7%, FOSL +1.3%…


M&A news: UB +10.0% (Mitsubishi UFJ Financial Group and Bank of Tokyo-Mitsubishi UFJ to offer to acquire all publicly held shares of UnionBanCal for $63/share in cash), OVEN +7.3% (to be acquired by The Middleby Corp for $200 mln in cash and stock, with implied value of ~$6.47/share)…


Select solar stocks showing strength following LDK results: SOLR +12.9%, CSIQ +9.7%, STP +8.4%, TSL +7.9%, CSUN +7.0%, SOLF +6.2%, SOL +5.4%, YGE +4.5%, ESLR +2.1%, FSLR +1.6%…


Select European financials showing strength with UBS reporting: RBS +1.7% (Royal Bank of Scotland, Santander, Fortis sell ABN unit to Goldman Group, according to source - DJ), ING +1.6%, BCS +1.1%…


Other news: GA +5.9% (announces $150 mln share repurchase program), ALU +2.9% (still checking), GILD +1.7% ( announces that the U.S. Food and Drug Administration approves Viread for chronic bepatitis B in adults), CSC +1.6% (wins U.S. Air Force contract to provide maintenance support worldwide)…


Analyst comments: LCC +7.3%, NWA +6.6%, DAL +5.4%, CAL +4.8% and AMR +3.8% (all upgraded to Overweight at JPMorgan); COG +1.1% (upgraded to Buy at BofA).



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Pre Market Trading Gaps

Gapping up:

SPPI +21.5%, LDK +19.1%, AMCN +12.2%, CSIQ +9.7%, AOB +5.6%, SOL +5.4%, FLR +5.3%, ALU +2.9%, TWTC +2.7%, ESLR +2.1%, GILD +1.7%, FSLR +1.6%, CSC +1.6%...

Gapping down:

SCA -18.8%, TRAK -14.5%, ZOLT -8.6%, HBIO -8.5%, MRGE -8.3%, MDR -6.9%, ASEI -6.8%, CMED -4.9%, AW -4.8%, MBLX -4.1%, NUAN -2.9%, VTR -2.6%, GS -2.2%, GOLD -2.1%, GLD -1.8%, MS -1.7%, CCL -1.5%, BHP -1.5%, JASO -1.4%, SNY -1.3%, SI -1.2%, RTP -1.1%.

NYSE Arca Pre Market Trading 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
Monday's Close Current Price Pct Chng Current NYSE Arca Vol
SCA

$2.35

$1.65

( 30%)

12,300

ALTU

$4.94

$3.50

( 29%)

11,100

AIRT

$11.40

$13.75

21%

1,121

LDK

$33.49

$40.00

19%

72,125

ZOLT

$18.30

$14.88

( 19%)

3,469

SONS

$4.12

$3.45

( 16%)

3,100

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
$71,786,155
USO
$11,810,865
HK
$11,798,468
IWM
$11,466,156
QQQQ
$9,305,143
AAPL
$7,699,223
GS
$7,473,174
GLD
$7,288,701
BHP
$6,114,750
RDS.A
$5,508,221
Stock
Share Volume
SPY
549,771
HK
444,755
QQQQ
194,679
IWM
153,178
LCC
139,058
USO
128,180
ALU
105,601
BHP
97,146
AMR
95,333
GLD
90,340


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)

Fossil, Inc.
$28.84 $31.65 9.74% 13,050

GT Solar International, Inc.
$11.25 $12.31 9.42% 5,300

TurboChef Technologies, Inc.
$5.60 $6.05 8.04% 112,746

Fuqi International, Inc.
$8.68 $9.18 5.76% 3,500

City Telecom (H.K.) Limited
$4.66 $4.91 5.36% 5,560

Solarfun Power Holdings Co., Ltd.
$11.70 $12.30 5.13% 22,855

Canadian Solar Inc.
$26.90 $28.20 4.83% 14,695

UAL Corporation
$12.27 $12.83 4.56% 123,067

JetBlue Airways Corporation
$5.83 $6.09 4.46% 5,100

LM Ericsson Telephone Company
$11.34 $11.71 3.26% 25,000

As of 8/12/2008 8:21:43 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)

Zoltek Companies, Inc.
$18.28 $15.25 16.58% 19,009

Sonus Networks, Inc.
$4.19 $3.50 16.47% 33,351

DealerTrack Holdings, Inc.
$15.79 $13.36 15.39% 37,100

China Medical Technologies, Inc.
$54.78 $52.25 4.62% 5,300

Crucell NV
$18.14 $17.46 3.75% 3,500

Randgold Resources Limited
$41.71 $41.10 1.46% 12,724

Shire Limited
$53.18 $52.90 0.53% 86,341

NVIDIA Corporation
$11.23 $11.20 0.27% 3,950

As of 8/12/2008 8:21:18 AM

Pre-Market Most Active Stocks - NASDAQ Premarket


Pre Market Movers - Futures Trading - Nasdaq - NYSE

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