NYSE Analytics 06/18

Spyder ETF changes slightly before NYSE opening bell. 

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


Gapping up/down: ADBE +7% and FDX +4% after earnings, INSM +30% after FDA grants Arikayce with Breakthrough Therapy Designation, WAG +2% after upgrade; LZB -9% after earnings, CAG -4% after profit warning, SPWR -1% after dg.

Gapping up
In reaction to strong earnings/guidanceADBE +7.7%, FDX +3.9%, GAME +0.4%.

M&A newsLULU +2.6% (attributed to M&A story making the rounds), ACT +1.2% (Forest Labs and Actavis shareholders approve proposals related to Actavis’ planned acquisition of Forest), MOVE +1.1% (continuation higher on M&A speculation), TMUS +0.7% (may purchase spectrum assets from smaller cos, according to reports), RHT +0.4% (to acquire eNovance for ~ EUR50 mln in cash and EUR20 mln in shares of RHT common stock).

Select Battery related names showing strength following positive blog mentionPLUG +1.6%, FCEL+1.3%.

Other newsINSM +30.3% (FDA granted Arikayce Breakthrough Therapy Designation for the treatment of adult patients with nontuberculous mycobacterial lung disease), NEWL +23.5% (NewLead Holdings Ltd. announces inappropriate issuance of NewLead’s Shares by Ironridge), ETRM +21.1% (FDA Advisory Committee voted 6-2 to recommend approval of VBLOC vagal blocking therapy for the treatment of obesity),BBRY +6.5% (confirms upcoming AMZN app store partnership), APD +6.1% (confirms Seifi Ghasemi has been named its new chairman, president and chief executive officer), APD +5.9% (confirms Seifi Ghasemi has been named its new chairman, president and chief executive officer, effective July 1), AUMN +2.8% (to restart Velardena mining in July 2014), CNHI +2.6% (co’s JV TurkTractor announced the opening of its second manufacturing plant in Erenler, raises production capacity to 50,000 tractors per year), ENB +1.9% (Northern Gateway Project received approval from the government of Canada), RDS.B +1.9% (wrapped up its sale of Woodside Petro, positive mention on Mad Money), RAD +1.7% (ahead of earnings tomorrow, peer WAG also was upgraded today), RDS.A +1.6% (same as RDS.B), CBI +1.4% (following 7% move lower yesterday), SUNE +1.4% (co reached a definitive agreement to acquire a 50% ownership stake in Silver Ridge Power from a subsidiary of The AES Corporation), CBI +1.4% (comments on ‘misleading and inaccurate report’; reaffirms FY guidance, also upgraded to Buy from Neutral at DA Davidson), FLXN +1.3% (announces ‘positive’ topline results from Phase 2a pharmacokinetic trial with lead compound FX006), COV +1% (ongoing M&A speculation), UPS +1% (in sympathy with FDX earnings).

Analyst commentsMEET +16.6% (initiated with a Buy at Wunderlich), NMBL +4.3% (upgraded to Overweight from Equal-Weight at Morgan Stanley), WAG +2.2% (upgraded to Overweight from Equal Weight at Barclays), CECO +2.2% (upgraded to Equal Weight from Underweight at First Analysis), DMND +1.9% (upgraded to Buy from Hold at KeyBanc Capital Mkts), IPI +1.8% (initiated with a Overweight at Piper Jaffray), ACT +1.2% (resumed with a Overweight at Morgan Stanley), CSCO +1.1% (initiated with a Overweight at Morgan Stanley), TSN +1.1% (upgraded to Outperform from Mkt Perform at BMO Capital Mkts, SDPI +0.9% (initiated with a Buy at ROTH Capital), CGEN +0.8% (initiated with a Mkt Outperform at JMP Securities), FIVE +0.8% (initiated with a Outperform at Wedbush), DTV +0.6% (upgraded to Buy from Neutral at Buckingham Research)

Gapping down
In reaction to disappointing earnings/guidanceLZB -9.5%, CAG -4.1%, ATU -2.6%.

Other newsECYT -18.7% (has regained the worldwide rights to vintafolide in all indications from Merck),MUX -10.1% (still checking), NGL -5.2% (announced the commencement of an underwritten public offering of 8,000,000 common units representing limited partner interests), GDP -4.6% (announces completion of its Nunnery 12-1H-1 ), GWPH -4.1% (announces 1.7 mln ADS public offering), FBIZ -2.8% (co said it expects to join the Russell 2000 index), CONE -2.5% (CyrusOne files for 12.5 mln share common stock offering in 424B5), SFUN -2.1% (still checking), SCTY -1.9% (following yesterday’s 17%+ move higher), CBPO -1.7% (announced proposed public offering of common stock: CBPO to sell 1 mln shares, selling stockholders to sell ~2.2 mln shares), VRNG -1.4% (ZTE (ZTCOF) files antitrust complaint with European Commission against Vringo), SWHC -0.9% (negative Mad Money mention).

Analyst comments
ISIL -3% (downgraded to Hold from Buy at Needham), SPWR -1.7% (downgraded to Neutral from Overweight at JP Morgan), AA -0.6% (Stifel lowers Q2 estimates on lower aluminum prices),GNC -0.5% (downgraded to Neutral from Overweight at JP Morgan).


Trading Ideas NYSE & NASDAQ:

  • LZB – long above 23.00
  • ADBE – short below 72.00
  • WAG – long above 75.00