NYSE Analytics 05/06
Spyder ETF a little drops before NYSE opening bell.
- European Indexes are in positive side
SPY (intraday chart) downtrend at premarket. Resistance:188.60, Support: 187.00
In reaction to strong earnings/guidance: PRTA +14.3%, PSMI +10.4% (light volume), PLOW +9.6% (light volume), ODP +8.9%, DATA +8.6%, DISCA +8%, NCMI +7.9%, NLS +6.1%, SALE +5.4%, ANV +5.2%, QLYS +4.7%, VVUS +4%, EOX +3.8%, CRK +2.9%, RGR +2.8%, CKP +2.8%, DTV +2.7%, ALXA +2.7%, (light volume), EOG +2.6%, GDP +2.3%, IDTI +2%, (light volume), GM +1.9% (reports China sales for Apr were +6.3% YoY to 278.3K units), HL +1.6%, APC +1.5%, (upgraded to Buy from Neutral at Citigroup; tgt raised to $115 from $112 ), UBS +1.2%, TRN +0.9%, NRG +0.7%, CFN +0.5%(also upgraded to Neutral from Sell at Goldman ).
M&A related: FST +25.7% (Forest Oil and Sabine Oil & Gas announce definitive merger agreement; cos will combine their businesses under a newly formed holding co, Sabine Oil & Gas Corp), ALU +4.9% (NOK for ALU speculation), YHOO +0.5% (Re Code discusses Alibaba (ALBCF.PK) IPO and that is possible that YHOO could become a takeover target).
Select oil/gas related names showing strength: TLM +1.9% and STO +1% (reports out indicate TLM / STO may sell Texas jv), BP +0.8% (still checking), VLO +0.2% (upgraded to Outperform from Perform at Oppenheimer).
Other news: CODE +4.6% ( Soros Fund Management discloses 5.11% passive stake in 13G filing), HMY +3.3% (still checking), RYAAY +2.5% (still checking), AVGO +2.4% (AVGO to replace LSI in the S&P 500), ARMH +2.4% (strength may be attributed to AMD chip licensing agreement), VOD +1.7% (still checking), CCL +1.5% (still checking), MRK +1.1% (Merck announces sale of Consumer Care business to Bayer for $14.2 bln; enters into collaboration with Bayer to market and develop novel therapies for cardiovascular disease; collaboration includes a $1 bln up-front payment by Merck to Bayer), HSBC +1.1% (boosted by UBS results), TRN +0.9% ( declares a 2-for-1 stock split and a 33% increase in its quarterly dividend to $0.10 per share), TSN +0.8% (modestly rebounding), GTAT +0.3% ( announces larger capacity ASF 165 sapphire furnace), AAPL +0.3% (Smartphone applications shipments fell 4% in China in Q1, according to reports), CTRP +0.3% (Barron’s profiles positive views from yesterday’s Ira Sohn conference .
Analyst comments: HEAR +3.9% (initiated with a Outperform at Wedbush), SGEN +1%
In reaction to disappointing earnings/guidance: ININ -17.6%, AEIS -12.9%, MED -10.4%, FN -10.2%, SGY -5.3% (also downgraded to Underperform from Neutral at Credit Suisse), MR -4.4%, (announces that Mr. Jie Liu has resigned from his Chief Operating Officer position for personal reasons, effective immediately), ECOM -4.4%, HCLP -4.4%, KWK -4.4% (ticking lower), ZBRA -3%, AIG -2.9%, LF -2.9%, HFC -2.9%, CYNO -2.8%, BCS -2.8%, YY -2.7%, SMG -2.5%, NUS -2.4%, MTSC -2.3%, (light volume), VECO -1.9%, PRI -1.8%, (light volume), BNFT -1.8%, SZYM -1.5%, MOS -1%, AZN -0.5% (also receives FDA approval for EPANOVA for the treatment of adults with severe hypertriglyceridemia).
Other news: ATHN -11.2% ( Greenlight’s David Einhorn making cautious comments on ATHN at Ira Sohn, believes it could fall 80%), TWTR -2.7% (TWTR lock up expiration; also reports out discussing video ad launch), LGF -1.6% (Divergent tops $250 mln at the worldwide box office ), MMP -1.5% (announces it is proceeding with its pipeline project to deliver refined petroleum products to Little Rock, Arkansas, supported by commitments from its recent open season), SHPG -1.3% (still checking), DB -0.9% (Moody’s Reviews Deutsche Bank (A2 for Deposits) for Possible Downgrade), AMT -0.8% ( announces proposed public offering of mandatory convertible preferred stock ), -0.5% (still checking), AZN -0.5% (receives FDA approval for EPANOVA for the treatment of adults with severe hypertriglyceridemia), BBY -0.4% (disclosed yesterday Chief Commercial Officer Jude C. Buckley resigned to pursue other interests, effective immediately).
Trading Ideas NYSE & NASDAQ:
- DATA – short below 63.00
- BSFT – long above premarket high
- AVGO – long above 66.50
- YY – long above 61.00
- HFC – short below 50.00