NYSE Analytics 06/19

Spyder ETF grows before NYSE opening bell. 

SPY (intraday chart) flat on premarket. Support 196.00, resistance 196.50.

Premarket

Gapping up/down: BBRY +11% and RHT +5% after earnings, MEAS +10% upon TEL acquistion, CBI +1% following new contract, MNST +3% on upgrade; PIR -8% and RAD -4% after earnings, GMCR and NVDA -2% after downgrades.

Gapping up
In reaction to strong earnings/guidanceBBRY +10.7%, ENTG +8.6%, CLC +5.6%, KR +5%RHT+4.6%, JBL +1.5%.

M&A newsMEAS +10.3% (to be acquired by TE Connectivity (TEL) for $86 cash per share or a total transaction value of ~ $1.7 bln, including assumption of net debt).

Select metals/mining stocks trading higherHMY +4.5%, IAG +1.7%, BHP +1.6%, AU +1.4%, AU+1.4%, GFI +1.1%.

Other newsAPP +14.1% (Board suspends Dov Charney as CEO and declares intent to terminate him for cause; names John Luttrell as Interim CEO), STEM +8.3% (interim results show improvement in visual function and slowing of disease progression in Phase I/II Dry AMD Trial), BLDP +7.5% (progresses licensing strategy through telecom backup power agreement in China), GWPH +2.6% (prices 1.7 mln ADSs representing 20.4 mln ordinary shares at $86.83 per ADS), TM +2% (strong Japanese mkts overnight),SNE +1.9% (strong Japanese mkts overnight, also, not considering splitting entertainment business, according to reports), BTX +1.8% (Broadwood discloses 18.7% stake in amended SC 13D filing), BUD +1.4% (positive commentary on Mad Money), ETN +1.2% (announced settlement of all litigation with Triumph Group (TGI); Eaton to pay $147.5 mln), CBI +1.1% (announces award for 671-Megawatt combined-cycle gas turbine power station), AMD +0.9% (announced its goal to deliver a 25x improvement in the energy efficiency of its APUs by 2020).

Analyst commentsMNST +2.8% (initiated with a Outperform at Wells Fargo; initiated with a Buy at BTIG Research; tgt $90), DMND +2.5% (upgraded to Overweight from Equal Weight at Barclays), RCAP+1.7% (initiated with an Overweight at Barclays), SBUX +1.2% (upgraded to Buy from Neutral at UBS),RYAAY +1.1% (upgraded to Buy from Neutral at UBS), NBCB +1% (upgraded to Buy from Neutral at Sterne Agee), SEMG +0.9% (initiated with a Buy at Goldman), PWR +0.8% (initiated with a Buy at Global Hunter Securities)

Gapping down
In reaction to disappointing earnings/guidanceKBR -12.2%, PIR -8%, RAD -4%, CLW -1%, IHS-0.6%.

M&A newsGE -0.5% (may make rail & grid offers to secure Alstom (ALSMY) deal, according to reports)

Other newsSDLP -4.6% (announced public offering of 6.1 mln common units), OAKS -4.2% (announced public offering of 3.5 mln additional shares of common stock), CHFC -2.6% (announced $70 mln public offering of common stock), RVNC -2.2% (prices 4 mln shares of common stock shares of its common stock at $30.50 per share), GSAT -1.7% (filed for an offering of ~$9.94 mln shares of voting common stock by selling stockholder), EDR -1.1% (announced 19.8 mln common stock offering).

Analyst commentsPPO -2% (downgraded to Neutral from Outperform at Wedbush), GMCR -1.7% (initiated with a Neutral at BTIG Research), NVDA -1.7% (downgraded to Underperform from Neutral at BofA/Merrill), DPS -1.4% (initiated with a Sell at BTIG Research), EOG -1.3% (downgraded to Accumulate from Buy at KLR Group), GABC -0.9% (downgraded to Neutral at DA Davidson), CAG-0.8% (downgraded to Underperform from Buy at BofA/Merrill), VOD -0.8% (downgraded to Neutral from Buy at BofA/Merrill)

 

Trading Ideas NYSE & NASDAQ:

  • KBR – long above 24.00
  • BBRY – short below 9.00
  • PIR – short below 16.00