NYSE Analytics: July 17, 2014

Spyder ETF drops before NYSE opening bell. 

SPY (intraday chart) uptrend on premarket. Support 196.75, resistance 197.50.


Gapping up/down: SAP and MS +2% after earnings; DRC +14% after reports of a bid by Siemens, MSFT +1% after confirming restructuring; TZOO -10% and OWW -7% after earnings, RSX -4% after Russian sanctions, PETM -1% after dg.

Gapping up
In reaction to strong earnings/guidance
SCSS +12.2%, HAWK +5%, NTCT +4.3%, PLXS +3.3%,SNA +3.3%, POOL +3.1%, URI +3%, BX +3%, 
CY +2.4%, SAP +2.3%, SHW +2.2%, MS +1.8%,BHI +1.5%, WNS +1.5%, NAVI +1.4%, PM +1.2%, 
EBAY +0.8%, PVTB +0.8%, UNH +0.6%, NEO+0.5%.

M&A newsDRC +14.2% (Siemens (SIEGY) considering bid for Dresser-Rand, according to overseas article in Manager Magazin).

Select metals/mining stocks trading higherHK +3.6%, NFX +3%, HMY +1%, AU +0.6%, AUY+0.6%.

Other newsNEWL +23.1% (cont strength following yesterday’s gains), RNWK +9.7% (initial move higher started after the close; looking around for catalyst), SLCA +2.2% (to acquire regional frac sand producer Cadre Services for $98 mln), HLF +1.8% (following Pershing Square’s Ackman appearance at Alpha conference after the close ), MS +1.7% (Morgan Stanley may consider sale of Madrilena Red de Gas Finance BV for EUR 900 mln, according to reports out in late trade yesterday), MSFT +1.2% (confirms steps to simplify organizations and align devices strategy; steps will result in the elimination of up to 18K positions over the next year).

Analyst commentsAEZS +8.5% (initiated with a Buy at H.C. Wainwright ), HIVE +3.2% (initiated with a Buy at Buckingham Research), MTOR +1.6% (initiated with a Overweight at Piper Jaffray ), TWX +1.5% (upgraded to Buy from Neutral at Janney, upgraded to Buy from Neutral at Guggenheim), ENOC +0.9% (upgraded to Strong Buy at Needham), KED +0.7% (upgraded to Buy at Stifel), CAMP +0.7% (initiated with an Outperform at William Blair), TMO +0.7% (initiated with a Buy at Citigroup)

Gapping down
In reaction to disappointing earnings/guidance
TZOO -9.9%, SNDK -8.1%, MAT -7.8%, OWW-6.8%, CFX -5.8%, UFPI -5.1%, 
GARS -3.7%, DHR -3.3%, LVS -2.8%, YUM -2.7%, AN -2.4%,KMP -2.2%, FITB -1.9%, GWW -1.6%, 
NVS -1.4%, BKMU -0.7%, KMI -0.6%, KEY-0.6%.

M&A newsAZN -0.6% (Telegraph details comments from analysts that there is a 25% chance that Pfizer (PFE) & AZN will return to buyout talks).

Select financial related names showing weakness
ING -2.5%, NBG -2.5%, BCS -2%, BBVA -1.8%,SAN -1.6%, DB -1.6%, CS -1.4%, HSBC -1.1%.

Select EU Telecoms trading lowerPT -2%, BT -1.7%, ORAN -1.6%, .

Select oil/gas related names showing early weaknessBP -2.3%, TOT -1.5%, E -1.5%, RIG -0.8%.

Select peers trading lower in sympathy with co’s that reported earnings: WYNN -2.4% (following LVS results), WYNN -2.4% (following LVS results), ASML -1.9% (following SNDK results), MU -1.6% (following SNDK results), STX -1.2% (following SNDK results), MGM -1.2% (following LVS results),MPEL -0.7% (following LVS results), CZR 0% (following LVS results)

Other newsURZ -12.7% (announces $10 mln financing), RSX -3.8% (U.S. Treasury confirmed increased sanctions against Russia), BNFT -3.5% (prices 2.5 mln shares of its common stock at a price of $38.50 per share), CLNY -2.8% (announces public offering of 15 mln shares of common stock), YNDX -2.7% (following Russia sanctions news), NES -2.6% (entered into settlement agreements in Texas court case involving subsidiary Heckmann Water Resources; to fund $5.5 mln of the total settlement amount to fully resolve the matter), TWTR -1.5% (reports of monthly active user decline), YY -0.8% (following weakness in Chinese equities overnight), THS -0.7% (prices 4,304,636 shares of common stock at $75.50 per share).

Analyst commentsPETM -0.9% (downgraded to Sector Perform at RBC Capital Mkts), DEO -0.4% (downgraded to Underweight from Neutral at JP Morgan)


Trading Ideas NYSE & NASDAQ:

  • AN – long above 60.00, short below 58.00
  • MAT – short below 35.00
  • SNDK – long above 100.00
  • LVS – short below 72.00