NYSE Analytics: July 21, 2014

Spyder ETF drops before NYSE opening bell. 

SPY (intraday chart) flat on premarket. Support 197.00, resistance 197.50.

Premarket

Gapping up/down: HAL and STI +1% after earnings; QLIK +8% and AAPL +0.6% after upgrades; BBT -5% and PHG -3% after earnings, RAI -3% and peers trading lower after RAI ordered to pay $23 bln in settlement, MNST -2% after dg.

Gapping up
In reaction to strong earnings/guidanceHAL +1.4%, STI +1.3%, BMI +0.7%.

M&A newsEGAS +8.4% (co confirms takeover attempt by Algonquin Power & Utilities, co later rejected offer), AKS +1.7% (to acquire Severstal Dearborn), .

Select Battery related names showing strengthKNDI +8%, PLUG +2.4%, BLDP +1.5%.

Other newsNQ +7.8% (continued momentum from Friday’s short-squeeze), ASTI +7.1% (announces $32 mln secured convertible debt agreement), TRUP +6.1% (vol following recent IPO), PT +5.6% (MEO expands its fibre network through a sharing agreement with Vodafone), ZINC +4.8% (positive Barron’s mention), COCO+4.8% (Education Department names team to monitor Corinthian Colleges), EMC +4.7% (activist wants EMC to break itself up, according to reports), GLUU +3.1% (continued momentum), FXEN +1.8% (announces drilling schedule through end of 2014), JNPR +1.7% (positive Barron’s mention), NFLX +0.9% (positive mention on Mad Money), BBRY +0.9% (named Marty Beard as Chief Operating Officer), UMC +0.8% (to raise prices by 5-15% on some clients, according to reports), GILD +0.8% (co’s Hepatitis C drug may be effective in HIV, according to reports).

Analyst commentsSSW +9.5% (upgraded to Outperform from Market Perform at Wells Fargo), QLIK+7.8% (upgraded to Overweight from Equal Weight at Barclays), GPRO +2% (initiated with a Overweight at JP Morgan and Overweight at Piper Jaffray), BIDU +2% (upgraded to Overweight from Equal-Weight at Morgan Stanley), ASML +1.2% (upgraded to Outperform from Sector Perform at Pacific Crest), TAL +0.8% (upgraded to Outperform from Market Perform at Wells Fargo), AAPL +0.6% (upgraded to Mkt Outperform from Mkt Perform at JMP Securities, also tgt raised to $115 from $100 at UBS)

Gapping down
In reaction to disappointing earnings/guidanceBBT -5.5%, XRS -2.9%, PHG -1.9%, CPB -0.7%, HAS-0.4%.

M&A newsTWX -0.9% (21st Century Fox may sell stake in Sky Deutschland (SKDTY) to British Sky Broadcasting (BSYBY) to support Time Warner (TWX) deal, according to reports).

Select EU financial related names showing weaknessNBG -3.8%, DB -1.7%, SAN -1.1%, LYG -1%,BCS -0.8%.

Select tobacco related stocks trading lower after RAI was ordered to pay $23 bln over lung cancer death, according to reportsRAI -2.8%, LO -2.3%, MO -1.7%, PM -1.2%.

Select big pharma names showing early weaknessSHPG -1.4%, GSK -1%, NVO -0.9%, NVS -0.6%.

Other newsYUM -1.8% (may get involved in another food safety issue in China, according to reports), APP-1.8% (Standard General filed amended 13D; working with the Issuer to restructure the loan), CLDN -1.1% (announces in-license of Stem Cell Factor development program), MCD -1% (reports of a new food scandal in China), LFL -0.5% (lowers its FY14 operating margin guidance).

Analyst commentsMNST -1.8% (downgraded to Equal-Weight from Overweight at Morgan Stanley), IGT-0.9% (downgraded to Hold from Buy at Stifel), RH -0.7% (downgraded to Hold from Buy at BB&T Capital Mkts).

 

Trading Ideas NYSE & NASDAQ:

  • LO – short below premarket low