MarketWatch.com - Pre-Market Indications

Monday, August 18, 2008

Russian Long Range Nukes In The Caribbean

CARACAS: President Hugo Chavez said on Sunday that Russian President Dimitri Medvedev wants to send a Russian naval fleet to visit Venezuela.

"Russia has informed us they intend to visit Venezuela, that is, the intention that a Russian fleet should come to the Caribbean," Chavez said on his weekly radio program.

"I told the president (Medvedev), 'If you're coming to the Caribbean, we'll welcome you,'" Chavez said, adding that the Russian naval fleet would pay "a friendly and working" visit to Venezuela.

Under leftist President Chavez, Venezuela has been seeking closer relations with Moscow, in part to buy military hardware, including 24 Russian Sukhoi fighter jets recently delivered, after Washington refused to supply spare parts for the F-16 jets it sold Venezuela in the 1980s.

Over the past few years, Venezuela and Russia have signed 4.0 billion dollars' worth of arms deals, including AK-47 automatic rifles and military helicopters.

"We very much need them here," Chavez said of the Russian weapons. "We've got the helicopters, the Sukoi fighters and we're now considering buying some Russian submarines to patrol our territorial waters," Chavez said.

Chavez on Sunday also repeated his support for Moscow in its conflict over Georgia's separatist territory of South Ossetia, and called Georgian President Mikheil Saakashvili "a puppet of the United States."

Russia wants to send naval fleet to Venezuela: Chavez- Politics/Nation-News-The Economic Times

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Pre Market Trading Gap News

Gapping Down

In reaction to disappointing earnings/guidance: HSY-8.2% (downgraded to Hold at Citigroup and resumed with a Sell at Stifel Nicolaus)…


M&A news: TTWO -7.4% (Electronic Arts issues update on offer for Take-Two; will allow tender offer to expire)…


Other news: PMFG -41.8% (trading post split), FRE -8.9% and FNM -8.8% (Fannie Mae and Freddie Mac mentioned negatively in Barron’s)…


Analyst comments: BEAT -9.6% (downgraded to Hold at Citigroup and downgraded to Market Weight at Weisel), HBAN -3.4% (downgraded to Sell from Neutral at FTN Midwest).




Gapping Up



In reaction to strong earnings/guidance: FMCN +11.4%, SDTH +8.2%, TSL +2.7%, BHP +1.3%…


M&A news: UB +11.5% (Mitsubishi UFJ Financial Group and UnionBanCal sign definitive merger agreement)…


Select oil/gas stocks showing strength with higher crude: STO +2.9%, TOT +2.7%, RDS.A +2.0%, BP +1.5%…


Select metals/mining names showing strength with higher spot prices and weaker dollar: GFI +5.1%, SLV +2.4%, MT +2.2%, AUY +1.4%, RTP +1.0%…


Select solar names trading higher boosted by TSL results: SOLF +7.1%, SOL +4.0%, ESLR +1.7%, JASO +1.5%… Other news: DYAX +24.7% (announces DX-88 for hereditary angioedema meets primary and secondary endpoints in Phase 3 trial), RHD +14.4% (mentioned positively in Barron’s), UBS +2.1% (UBS chairman is certain co will be independent in 2 years, according to report - Reuters.com)…


Analyst comments: CDNS +4.7% (upgraded to Buy at Citigroup), POT +1.9% (added to Top Picks Live List at Citigroup).



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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
DYAX

$4.33

$5.40

25%

31,567

IDSA

$17.88

$20.60

15%

600

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
$65,264,834
QQQQ
$17,645,544
TOT
$15,360,780
UB
$13,380,613
IWM
$12,508,285
SKF
$5,471,513
GLD
$4,805,018
BP
$4,283,509
RDS.A
$3,520,720
SDS
$3,258,490
Stock
Share Volume
SPY
499,921
QQQQ
364,339
TOT
213,743
FRE
210,406
UB
182,819
IWM
165,800
FNM
160,637
ABK
159,987
BP
73,801
GLD
61,500


DYAX:


NYSE Arca Morning Update

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Pre Market Trading Gaps

Gapping up

UB +11.5%, SDTH +8.2%, GFI +5.1%, TSL +3.3%, TOT +2.7%, SLV +2.4%, MT +2.2%, UBS +2.1%, RDS.A +2.0%, BP +1.5%, RTP +1.0%...

Gapping down


FNM -5.7%, FRE -5.1%, HSY -4.4%, LEH -1.5%

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)

Dyax Corp.
$4.33 $5.48 26.56% 53,109

Focus Media Holding Limited
$26.25 $29.25 11.43% 50,246

Omrix Biopharmaceuticals, Inc.
$22.13 $24 8.45% 19,358

Solarfun Power Holdings Co., Ltd.
$15.17 $15.90 4.81% 55,795

Cadence Design Systems, Inc.
$7.64 $8 4.71% 11,050

Micromet, Inc.
$5.45 $5.70 4.59% 5,500

Broadcom Corporation
$27.46 $28.39 3.39% 14,050

Evergreen Solar, Inc.
$9.58 $9.80 2.30% 8,055

Dendreon Corporation
$6.02 $6.14 1.99% 4,000

JA Solar Holdings, Co., Ltd.
$16.50 $16.75 1.52% 10,215

As of 8/18/2008 8:30:17 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)

Perfect World Co., Ltd.
$25.40 $23 9.45% 6,983

Take-Two Interactive Software, Inc.
$24.84 $23 7.41% 93,819

Qiagen N.V.
$21.67 $21.39 1.29% 8,100

Crocs, Inc.
$4.67 $4.62 1.07% 9,588

Research in Motion Limited
$128.80 $127.60 0.93% 13,585

UAL Corporation
$14.18 $14.05 0.92% 65,224

Randgold Resources Limited
$44.42 $44.11 0.70% 3,590

As of 8/18/2008 8:30:55 AM



Pre-Market Most Active Stocks - NASDAQ Premarket



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