NYSE Analytics 06/17

Spyder ETF grows before NYSE opening bell. 

SPY (intraday chart) flat on premarket. Support 194.50, resistance 195.00.


Gapping up/down: GTIV +3.9%, NUAN +2.3%, MDT +2.7%, India related names are trading higher… Metals/mining, financials lower.

Gapping up:
In reaction to strong earnings/guidanceANFI +27.7%, SYUT +6.9%, YGE +3.4%, EZPW +0.6% (also announces private offering of $175 million of cash convertible senior notes due 2019).

M&A relatedGTIV +3.9% (Kindred Healthcare to commence all-cash tender offer to acquire all outstanding shares of Gentiva Health Services for $14.50/share), NUAN +2.3% (ongoing M&A speculation; Media speculation that NUAN is seeking a strategic sale – Oppenheimer envisions $25-30 range), MDT +2.7% (ongoing M&A speculation; positive Barrons mention; multiple analyst upgrades).

A few India related names are trading higherREDF +4.1%, IBN +2%, SSLT +1.9%, INFY +1.5%,TTM +1.4%

Other newsSAEX +6.4% (announces $150 mln senior secured notes offering), EW +5.6% (announces launch of SAPIEN XT valuve in the U.S.), DARA +4.7% (announced leadership transition; current President and COO Christopher Clement named CEO), MU +2.5% (Micron and SK Hynix may invest in SSD controller IC designers in Taiwan, according to reports), GWPH +1.7% (announces physician reports of Epidiolex treatment effect in children and young adults with treatment-resistant epilepsy from physician-led expanded access treatment program; Data show promising signals), SPEX +1.6% (set to Join Russell Microcap Index), VRTX +1.4% (announces a signed letter of intent to enable public reimbursement of KALYDECO (ivacaftor) in Canada for eligible people with cystic fibrosis), UVE +1.1% (announces authorization of new $10 million share repurchase program), STM +0.9% and SAP +0.8% (still checking),TEVA +0.8% (announced that it has reached settlements with Sandoz, Actavis (ACT), Lupin and Apotex with respect to U.S. Patent 7,132,570), PSEC +0.7% (COO disclosed a 24K common stock purchase at $10.28/share), WFT +0.5% ( announces registration of merger in commercial register of the Canton of Zug ), AAPL +0.3% (Apple has reached a settlement over e-books, according to reports), RDS.A +0.3% (Royal Dutch Shell further reduces its interest in Woodside), TWTR +0.3% (Research suggests that TWTR ads help sales of products, according to reports), WMGI +0.2% (announces commercial launch of INFINITY Total Ankle Replacement System), WMB +0.1% (announces $3 bln Public Offering of Common Stock; also upgraded at Deutsche).

Analyst commentsDSW +2.3% (upgraded to Buy from Neutral at Goldman), LAZ +1.6% (upgraded to Buy from Neutral at UBS)

Gapping down:
M&A newsKND -1% (to commence all-cash tender offer to acquire all outstanding shares of Gentiva Health Services for $14.50/share; launches 9 mln share offering of common stock), SHPG -3.1% (ongoing M&A speculation)

Select financial related names showing weaknessUBS -1.1%, DB -1%, BBVA -0.8% (downgraded to Equal Weight from Overweight at Barclays). .

Metals/mining stocks trading lower
IAG -3.8%, CDE -1.7%, MT -1.5%, BHP -1.3%, GDX -1.2%,SLW -1%, GOLD -1%, AU -0.8%, GLD -0.6%.

Select oil/gas related names showing early weaknessYPF -2.5%, STO -1.7%, TOT -0.8%, SDRL-0.7%, BP -0.6% .

Other newsCALL -6% (light volume; still checking), DRL -3.9% (still checking), KONA -3.5% (is offering to sell 2,000,000 shares of its common stock in an underwritten public offering), MRIN -3.5% (files for ~1.72 mln share common stock offering by selling shareholders), QIWI -1.7% ( prices public offering ), MHR -0.9% (disclosed it is increasing its offer consideration for the shares of Ambassador and is no longer making the offer subject to any closing conditions), RH -0.6% (announced its intention to offer $300 million aggregate principal amount of convertible senior notes due 2019 in a private placement), TSLA-0.3% (following yesterday’s 18 point/9% move higher; NY Governor Cuomo signs legislation on agreement between automobile dealers and Tesla Motors).

Analyst commentsTRV -1.2% (downgraded to Market Perform from Outperform at BMO Capital ),HIMX -4.4% (downgraded to Sell from Neutral at UBS), BRCM -0.7% (downgraded to Hold from Buy at Benchmark )


Trading Ideas NYSE & NASDAQ:

  • GPWN – long above 84.00, short below 82.00
  • DSW – long above premarket high