Tuesday, November 4, 2008

Pre Market Trading Gap News

Gapping Down

In reaction to disappointing earnings/guidance: HNT -21.2%, KNXA -16.1% (light volume; also downgraded to Hold at Jefferies and downgraded to Hold at Brean Murray) SNHY -14.7%, HLF -12.3%, GHM -9.3%, PBI -8.4%, OTTR -8.3%, THC -7.7%, MVL -7.7%, PPL -7.5% (light volume), ADSK -3.8%, RACK -3.0%, FMS -2.5%, OTEX -1.9%, VNO -1.4%… Other news: FCSX -21.9% (expects to incur up to a $25 million pre-tax bad debt provision for the first quarter of fiscal 2009; also downgraded to Neutral from Buy at Banc of America Sec), RBS -14.0% (sees more writedowns, eyes 2010 dividend restart - Reuters).

Gapping Up

In reaction to strong earnings/guidance: AFN +41.2%, AKRX +30.2%, ADM +14.6%, STEM +11.5%, MA +11.2%, WATG +11.1%, MRVL +6.7% (also upgraded to Buy at AmTech Research), IPHS +3.0%, DNR +2.2%, APC +2.0%… Select financial stocks trading higher: CIT +12.8%, AIG +11.7%, HIG +10.6%, AEG +8.6%, ING +8.2%, ABK +7.5%, DB +6.5%, GS +3.3%, C +2.6%, MS +2.3%, BAC +1.9%, JPM +1.8%, WFC +1.2%… Select solar names showing strength: ESLR +27.9%, SOLF +12.6%, YGE +11.8%, TSL +8.5%, SOL +8.1%, LDK +7.8%, JASO +7.1%, CSIQ +6.4%, FSLR +3.5%… Select metals/mining names showing strength with higher spot prices: MT +6.2%, AUY +4.9%, AAUK +4.1%, GOLD +3.9%, GLD +2.9%… Select oil/gas related names showing strength with crude higher: RDS.A +5.5%, BP +3.2%, PBR +2.8%, TOT +2.3%, XOM +1.6%,… Select agriculture related names trading higher boosted by ADM results: TRA +7.9% (upgraded to Buy at Citigroup), BG +7.0%, AGU +6.0% (upgraded to Buy at Citigroup), MOS +5.9%, CF +4.1% (upgraded to Buy at Citigroup), POT +3.6%, MON +3.4%… Select drybulk shippers showing strength: FRO +10.9%, DRYS +7.1%, TBSI +2.3%… Other news: OSIR +16.1% (Osiris Therapeutics and Genzyme to develop and commercialize first-in-class adult stem cell products; Genzyme will make an up-front payment of $130 mln to Osiris), AMLN +10.8% (Eastbourne Capital Management discloses intent to have discussions with mgmt including a possible acquisition in amended 13D filing), S +8.7% and NOK +5.2% (still checking), ASML +5.0% (still checking), SI +5.0% (still checking), V +4.4% and AXP +4.0% (up in sympathy with MA), GOOG +2.2% (Yahoo, Google sent Justice Dept revised search-advertising agreement, according to sources - WSJ)… Analyst comments: OMX +6.3% (upgraded to Outperform at Friedman Billings), AMR +1.9% (initiated with Buy at Jesup and Lamont), LCC +1.7% (initiated with Buy at Jesup and Lamont), YHOO +1.6% (upgraded to Buy at Collins Stewart), DAL +1.1% (initiated with Buy at Jesup and Lamont).

If you found this article interesting please subscribe for updates with any reader or your email. This site is not monetized and 100 percent free. My only form of payment is my readers comments and subscriptions

Subscribe to "The $t0ckman" via email

Enter your email address:

Delivered by FeedBurner