NYSE Analytics 05/23
SPY grows before NYSE opening bell
support 189.60 resistance 190.00
uptrend at premarket
In reaction to strong earnings/guidance: TFM +10.1%, BORN +7.9%, TIVO +6%, GME +4.2%,ORIG +3.8%, NWY +3.2%, NDSN +2.6%, FL +2.3%, BRCD +1.5%, ZUMZ +0.9%, AMAP +0.5%.
DDD +1.4% following Fast Money mention and related names showing strength: XONE 2.3%,DDD 1.4%, SSYS 0.5%.
Other news: PTCT +131.7% (receives positive opinion from CHMP for Translarn), FLTX +38.9% (still checking), RNA +11.8% (in sympathy with PTCT), ZIOP +9% (announces oral presentation highlighting Ad-RTS-IL-12 results correlated with reducing cancer stem cells in the brain at ASGCT 17th Annual Meeting ), OWW +5.2% (prices 7.5 mln shares of its common stock held by Selling Stockholder, at $6.60 per share), ISIS +5% (Hearing positive comments at Piper Jaffray–suggesting may have best pipeline),GTAT +4% (ticking higher on story suggesting Samsung (SSNLF) use of sapphire display technology),WAVX +2.2% (positive Mad Money mention), ALU +1.9% (reports of Thales unit sale), TMUS +1.3% (reports suggesting TMUS overtook Sprint (S) as #3 mobile carrier), TXRH +1.2% (approves stock repurchase for up to $100.0 mln of co’s common stock), BIIB +1.1% (CHMP adopts Positive Opinion for PLEGRIDY as a treatment for multiple sclerosis in EU), JD +1% (recent IPO, positive Mad Money mention), NAVI +0.8% (announced $400 mln share repurchase program; declares $0.15 per share dividend), WFM +0.6% (following TFM results; Regional President discloses purchase of 13,686 shares at $37.44), CAB +0.5% (positve Mad Money mention).
Analyst comments: FEYE +2.9% (upgraded to Overweight from Equal-weight at Barclays), RBCN +1.7% (upgraded to Perform from Underperform at Oppenheimer), LB +0.8% (upgraded upgraded to Buy from Hold at Stifel)
In reaction to disappointing earnings/guidance: ARO -16.2%, SCVL -12.2%, ARUN -10.8%, VNET-5.2%, MENT -2.5%, YOKU -2.2%, CPWR -1.3%, MRVL -1.2%, DRYS -1%, ROST -0.9%, GPS-0.5%.
Other news: CSUN -8.6% (filed for $45 mln offering of ordinary shares or warrants), KERX -5.2% (receives notification of PDUFA date extension for Zerenex), YNDX -4.7% (Law enforcement starts search of YNDX offices related to Aleksey Navalny fundraising), INO -4.5% (announces 1 For 4 reverse split),MTDR -4.1% (announces commencement of public offering of 7.5 mln shares of Common Stock), HMC-2.2% (Thailand unit plans to lower output amid turmoil, according to reports), CTIC -1.4% (possible pull back from yesterday’s gains), DEO -1.1% (potentially in sympathy with Remy Cointreau downgrade at HSBC), BUD -1% (potentially in sympathy with Remy Cointreau downgrade at HSBC), LNG -0.7% (BB story that LNG cos may see more competition amid China/Russia gas deal).
Analyst comments: SALE -2.5% (downgraded to Hold at Stifel), GAIN -1.7% (downgraded to Neutral from Buy at Ladenburg Thalmann), PUK -1.4% (Prudential Plc removed from Buy list at Goldman), AFL-0.5% (downgraded to Equal-weight from Overweight at Barclays).
Trading Ideas NYSE & NASDAQ:
• KERX – short below 12.00, long above 12.50
• TIVO – long above premarket high
• SPRT – short below 33.00