NYSE Analytics 06/06

Spyder ETF grows before  NYSE opening bell. 

SPY (intraday chart) flat on premarket. Support 194.50, resistanse 195,00


Gapping up
In reaction to strong earnings/guidance
CMTL +5.2%, CRDS +5% (thinly traded), PAY +3.3%, MTN+2.1%, QURE +0.7%.

Select EU (and India) financial related names showing strengthIRE +2.5%, ING +1.3%, IBN +1.2%,BCS +1.1%.

Select metals/mining stocks trading higherVALE +2.5%, IAG +1.1%, MT +0.9%.

Other newsECTE +20.9% ( announces Glass Lewis recommends stockholders vote for Echo’s Board nominees), NIHD +13.2% (cont strength), MY +9.7% (obtains approval to develop and operate 300MW off-shore wind power project in Jiangsu Province ), GWPH +8% (receives Fast Track Designation from FDA for the treatment of Dravet Syndrome), VTUS +5.1% (ticking higher — was up 20%+ yesterday), BRS +4.8% (named John Briscoe as CFO), JKS +2.8% (strongly disagrees with U.S. Department of Commerce’s preliminary decision on countervailing duty investigation), RAD +2.2% (positive comments on Mad Money), JD+2.2% (cont strength), PNRA +1.8% (announced new three year $600 mln share repurchase program),ARMH +1.8% (still checking), ASML +1.7% (still checking), MBII +1.1% (prices 4.5 mln shares of common stock at $9.50 per share), DRYS +0.9% (announces Ocean Rig contract developments).

Analyst commentsANGI +7.1% (upgraded to Buy from Neutral at BofA/Merrill), JAKK +2.5% (upgraded to Buy from Neutral at BofA/Merrill), BLMN +1.8% (initiated with a Buy at Buckingham Research), CNX+1.6% (upgraded to Buy from Neutral at Goldman), JOY +1.3% (upgraded to Buy from Neutral at BofA/Merrill), CCJ +1.1% (upgraded to Hold at Canaccord Genuity)

Gapping down
In reaction to disappointing earnings/guidance
RALY -19.8%, SEAC -11.4%, HTZ -10.7%, (disclosed that Q1 results are likely to be below consensus), DMND -9.3%, MCZ -4.7%, THO -2%, COO -1.5%,ZOES -0.9%.

Other newsHDSN -7.3% (announces proposed public offering of common stock; size not disclosed ),NVAX -6% (prices 25 mln shares of common stock at $4.00 per share), IG -2.7% (filed for $35 mln offering of common stock), UIHC -1.7% (filed for ~2.72 mln share common stock offering by selling shareholders), UL-1.6% (still checking), DEO -1.5% (still checking).

Analyst commentsBTU -1.4% (downgraded to Neutral from Buy at Goldman).

Trading Ideas NYSE & NASDAQ:

  • GWPH – short below 72.00, long above premarket high
  • RALY – long above 10.00
  • HTZ – long above 28.00, short below 27.00
  • UL – long above 44.40