NYSE Analytics 06/12

Spyder ETF grows before NYSE opening bell. 

SPY (intraday chart) flat on premarket. Resistance 195.25, support 195.00

Premarket

Gapping up/down: RH +16% after earnings; oil/gas related names showing strength; GERN +35% after removal of partial clinical hold on Myelofibrosis IST, HPQ +1% after upgrade at GS; LULU -14% after earnings, HIMX -4% after dg.

Gapping up
In reaction to strong earnings/guidanceRH +16.1%, SIGM +11.7%, DDC +10.1%.

Select oil/gas related names showing strength
PBR +1.5%, HK +1.2%, EOG +1.1%, RDS.A +1%,SD +0.9%, SDRL +0.8%, BP +0.7%, XOM +0.7%, MRO +0.7%.

Other newsZLCS +51.9% (Epirus Biopharmaceuticals announced positive data from a Phase 3 trial of BOW015 in patients with active rheumatoid arthritis; ZLCS entered into an agreement and plan of merger with Epirus on April 15), GERN +35.4% (reports removal of partial clinical hold on Myelofibrosis IST),PVCT +11.4% (to discuss outline of Phase 3 clinical trial of PV-10 to treat melanoma on conference call on June 19), KEYW +9.3% (U.S. Government Agency Selects HawkEye G for Advanced Threat Detection),TIBX +6.1% (Praesidium issues letter to TIBCO’s Board of Directors; reports ownership of approx. 5.5 mln shares), MSLI +5.5% (announces $22.1 mln bought deal financing; Underwriters to purchase 13 mln common shares ), ARNA +4.4% (continued strength following exec on Fast Money), GTAT +2.7% (seeing continued strength (+6.5% yesterday)), FNSR +2.3% (earnings expected later today), BCR +2.2% (announces $500 mln share repurchase authorization, increases quarterly dividend ), SPEX +2.1% (commences litigation against Verizon (VZ) for patent infringement), CNX +2.1% (announces plans to form a Midstream Master Limited Partnership with CNX), BBRY +2.1% (announced new three-year agreement with EnStream), PLG +1.7% (reports the Waterberg Resource increases significantly to 29 mln ounces 4E-Platinum, Palladium, Rhodium and Gold), JD +1.6% (still checking), NQ +1.6% (cont vol from yesterday),TSLA +0.9% (patent related announcement confirmed for Friday, according to Elon Musk tweet) NBL+0.8% (announces plans to form a Midstream Master Limited Partnership with Noble Energy (NBL)).

Analyst commentsSNSS +8.5% (initiated with a Buy and $14 tgt at UBS), HALO +3.3% (upgraded to Buy from Neutral at UBS), ACHN +1.6% (upgraded to Buy from Neutral at UBS), HPQ +1.2% (upgraded to Neutral from Sell at Goldman), SAM +0.5% (upgraded to Outperform from Underperform at Credit Agricole)

Gapping down
In reaction to disappointing earnings/guidanceLULU -14.4%, EROS -8.2%, ONVO -5.4%.

Select metals/mining stocks trading lowerSWC -5.1%, RRC -3.5%, RIO -3%, CLF -2.6% (Casablanca Capital files definitive proxy statement and sends letter to Shareholders), GFI -1.6%, MT-1.4%, BHP -1.2%.

Other newsNEWL -15.1% (Ironridge Global IV confirmed it prevailed on the Temporary Restraining Order and Petition for Preliminary Injunctive Relief Pending Arbitration brought by NewLead Holdings),VTSS -9.4% (prices 7,462,675 shares of common stock at $3.35 per share), CNAT -7.7% (following 50% surge higher yesterday), APU -5.1% (AmeriGas Partners announced that Heritage ETC, affiliate of Energy Transfer Partners, commenced a public underwritten offering,of 8.5 mln AmeriGas common units that it currently holds), PBF -4.4% (announced secondary public offering of 18 mln shares of Class A common stock by funds affiliated with The Blackstone Group and First Reserve Management), RRC -3.5% (has agreed to sell 4,560,000 shares of its common stock in an underwritten public offering), ARIA -3.3% (announced its intention to offer $175 million aggregate principal amount of convertible senior notes due 2019), COMM -2.3% (commenced an offering to sell 15,000,000 shares of its common stock by an affiliate of The Carlyle Group, IBP -1.9% (prices secondary offering of 8.1 mln shares of common stock at $12.50 per share), EXC -1.7% (priced 50 mln shares of its common stock at a public offering price of $35.00/share), CLNY -1.5% (prices $150 mln of its 3.875% Convertible Senior Notes due 2021), OREX-1.4% (negative comment on Mad Money).

Analyst commentsHIMX -3.8% (downgraded to Hold at Craig Hallum), VALE -1.4% (downgraded to Equal-Weight from Overweight at Morgan Stanley), HA -1.3% (downgraded to In-line from Outperform at Imperial Capital).

Trading Ideas NYSE & NASDAQ:

  • APU – short below premarket low
  • HALO – long above 9.80
  • FNSR – long above 26.00, short below 27.00
  • TIBX – long above premarket high