Tuesday, August 19, 2008

YouTube - Electric Car Tzero Vs Dodge Viper



YouTube - Electric Car Tzero Vs Dodge Viper

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GM Chevrolet Volt Electric Car

Due out in 2010

Pre Market Trading Gap News

Gapping Down



In reaction to disappointing earnings/guidance: CNTF -26.7%, SOL -3.6%…


Select mortgage/financial names trading lower: FMD -7.6%, AIB -4.3%, ABK -3.9%, WB -3.3%, AXA -2.9%, LEH -2.8% (WSJ reports LEH fiscal third quarter, which closes at the end of this month, has turned ugly and the bank is racing to get deals done before the period ends), HBC -2.6%, FNM -2.1%, UBS -2.1%, ING -2.1%, DB -2.0%, AIG -1.5%…


Select cruise-related names showing weakness: CUK -2.3%, CCL -2.3%, RCL -0.8%…


Other news: SPLS -7.4% (details Corporate Express integration plans and announces preliminary second quarter performance), LVS -4.8% and MGM -4.1% (still checking), ABMD -4.0% (announces a 2.41 mln share common stock secondary offering).




Gapping Up



In reaction to strong earnings/guidance: ANTP +13.9%, XFML +13.6%, MDT +2.0%…


M&A news: NMX +1.7% and CME +1.1% (CME Group confirms shareholders and NYMEX shareholders and Class A Members approve acquisition)…


Other news: WCG +20.9% (enters into material definitive agreement; co to pay $35.2 mln to U.S. Attorney’s Office), FMR +3.9% (announces share repurchase program to acquire Up to 1.5 mln shares), HNP +2.6% (Chinese power producers’ shares rise on tariff speculation - Bloomberg.com), ELN +2.2% (still checking)…


Analyst comments: MA +1.0% (upgraded to Buy at Goldman - DJ).



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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
Monday's Close Current Price Pct Chng Current NYSE Arca Vol
CNTF

$2.77

$2.00

( 28%)

4,400

WCG

$38.27

$45.71

19%

26,170

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
$209,498,856
QQQQ
$62,910,421
IWM
$12,385,108
XLF
$7,482,211
HBC
$6,130,685
SKF
$5,760,662
QID
$5,126,715
DIA
$2,654,993
GLD
$2,611,851
SOL
$2,605,431
Stock
Share Volume
SPY
1,638,647
QQQQ
1,325,127
XLF
369,010
IWM
167,415
SOL
150,684
QID
128,273
FNM
111,639
HBC
79,376
NOK
63,800
FRE
63,269



NYSE Arca Morning Update

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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)

Xinhua Finance Media Limited
$2.72 $3.10 13.97% 32,525

UAL Corporation
$14.94 $15.36 2.81% 260,123

Myriad Genetics, Inc.
$65.45 $65.90 0.69% 5,844

As of 8/19/2008 8:50:51 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)

PAETEC Holding Corp.
$3.48 $3 13.79% 4,000

Staples, Inc.
$24.58 $22.90 6.83% 108,949

ABIOMED, Inc.
$18.89 $17.75 6.03% 18,178

Wynn Resorts, Limited
$100.39 $97 3.38% 6,550

Crocs, Inc.
$5.31 $5.15 3.01% 3,000

Solarfun Power Holdings Co., Ltd.
$16.20 $15.72 2.96% 46,019

LM Ericsson Telephone Company
$10.74 $10.46 2.61% 14,014

Charles Schwab Corporation (The)
$23.06 $22.60 1.99% 5,413

Evergreen Solar, Inc.
$9.69 $9.53 1.65% 5,745

Randgold Resources Limited
$43.88 $43.20 1.55% 3,896

As of 8/19/2008 8:50:24 AM



Pre-Market Most Active Stocks - NASDAQ Premarket



Pre Market Trading Gaps

Gapping up

XFML +17.6%, WCG +10.8%, FMR +3.9%, DEG +2.6%, HD +2.0%, FSLR +1.8%, NMX +1.7%, CME +1.0%...



Gapping down


CNTF -21.9%, ABMD -9.8%, HBC -2.6%, FNM -2.1%, UBS -2.1%, ING -2.1%, DB -2.0%, AIG -1.5%

Opening View: Home Depot Reports Earnings, Inflation Data on Tap

On the earnings front, Home Depot (HD: View sentiment for HDsentiment, chart, options) said second-quarter net income dropped 24% to $1.2 billion, or 71 cents per share. Sales fell 5% to $20.99 billion and same-store sales were off 7.9%. "We continue to see pressure on our market and the consumer, generally," said CEO Frank Blake. Despite the year-over-year declines, the figures still bested Wall Street's expectations for earnings of 61 cents per share on sales of $20.56 billion. Looking ahead, HD said it expects earnings to drop 24% and sales to fall 5%, in line with earlier guidance.

Staples (SPLS: View sentiment for SPLSsentiment, chart, options) said that it expects flat earnings per share and low single-digit sales growth for 2008. The firm said that it sees the Corporate Express merger adding slightly to earnings. Staples expects restructuring expenses for the deal to range from $30 million to $40 million in the back half of 2008, and to range from $50 million to $70 million in 2009. For the second quarter, SPLS expects earnings per share to fall about 15%, with sales rising about 3%.

Finally, Medtronic (MDT: View sentiment for MDTsentiment, chart, options) reported that first-quarter net income rose to $747 million, or 66 cents per share, compared with $675 million, or 59 cents per share, for the same period a year ago. On an adjusted basis, earnings were 72 cents per share. Sales arrived at $3.71 billion compared to last year's $3.13 billion. Analysts were expecting earnings of 69 cents per share on sales of $3.67 billion.



Opening View: Home Depot Reports Earnings, Inflation Data on Tap



Before the bell: Stocks to start lower; SPLS drops; HD higher; TGT, HPQ on tap

A day after smaller Lowe's (NYSE: LOW) reported a profit drop, The Home Depot (NYSE: HD) followed suit, reporting a 24% profit decline for the second quarter. It held onto its earnings outlook as second-quarter net fell 24% to $1.2 billion, or 71 cents per share. Sales declined 5.4% to $21 billion. Analysts had projected earnings per share of 61 cents on revenue of $20.58 billion. Home Depot shares rose 2% in premarket trading.

Other retailers scheduled to release earnings include discounter Target (NYSE: TGT) -- could it follow Wal-Mart's results? -- while Hewlett-Packard (NYSE: HPQ) is to report after the close -- AP preview.

Meanwhile, Staples, Inc. (NASDAQ: SPLS) issued a profit warning, saying that "Challenging market conditions continued during the company's second quarter, resulting in weaker than anticipated results in Staples' pre-acquisition business." Staples said sales increased approximately 3% and earnings per share decreased approximately 15% yoy. Shares of Staples declined nearly 6.5% in premarket trading.


General Dynamics (NYSE: GD) announced it is buying Switzerland's Jet Aviation for about $2.25 billion cash to expand its business-aviation services.

Intel Corp. (NASDAQ: INTC) is set to show off today a new chip that directly controls the memory in computers, invading one of the last market niches dominated by Advanced Micro Devices Inc. (NYSE: AMD). By combining the memory and processing functions into a single chip it can help pull up data and perform calculations faster as well as improve handling of video and sound files, and share work among computers. Intel could once again take the lead over AMD here.

The financial sector will remain the one investors are most concerned about, and many stocks will likely see some volatile trade. CNBC and Bloomberg both came out saying that the credit crisis is only half through and could get worse.
After Freddie Mac (NYSE: FRE) and Fannie Mae (NYSE: FNM) dropped big Monday due to a report suggesting the U.S. Treasury is urging both to raise more capital which is expected to wipe out stockholders, both stocks are up in premarket trading, but that could change in a heartbeat.
Elsewhere, a JP Morgan analyst said Lehman Brothers (NYSE: LEH) will likely take a further $4 billion of write-downs in the third-quarter due to losses stemming from sour mortgage-related investments.

And following so many problems with its MobileMe software, Apple Inc. (NASDAQ: AAPL) has offered MobileMe subscribers a free 60-day extension of their current subscription.

Before the bell: Stocks to start lower; SPLS drops; HD higher; TGT, HPQ on tap - BloggingStocks



Pre-Market: World Markets and Futures

FTSE 100-98.80-1.81%5,351.40
XETRA-DAX-113.60-1.77%6,319.28
CAC 40-79.17-1.78%4,369.67
HANG SENG-446.30-2.13%20,484.37
NIKKEI 225-300.40-2.28%12,865.05

U.S. Dollar vs Euro-0.0024-0.16%1.4651

U.S. Dollar vs Yen-0.3200-0.29%0.0091

U.S. Dollar vs UK £-0.00-0.16%1.86
Open Closed

S&P 500 -11.90 1270.20 8/19 8:31am S&P 500 FUTURES
Fair Value
1278.74 8/19 3:37am
Difference*
-8.54
NASDAQ -16.50 1927.00 8/19 8:31am NASDAQ FUTURES
Fair Value
1936.29 8/19 3:37am
Difference*
-9.29
Dow Jones -100.00 11399.00 8/19 8:31am

Pre-Market: Stock Trading Before the Markets Open from CNNMoney.com


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