NYSE Analytics: July 25, 2014

Spyder ETF drops before NYSE opening bell. 

SPY (intraday chart) downtrend on premarket. Support 198.00, resistance 199.00.

Premarket

Gapping up/down: RBS +13%, DECk and BIDU +8% after earnings, SVU +2% after Mad Money mention, PBR +1% after upgrade; AMZN -10% and V -3% after earnings, MA -1% in sympathy, XOM -1% after dg.

Gapping up
In reaction to strong earnings/guidance
DTLK +19%, RBS +12.8%, ACTG +12.5%, LOGM +11.8%,QLIK +11.2%, AWAY +10.3%, ECHO +9.3%, DECK +8.5%, 
BIDU +7.8%, SWI +7.6%, LEA +7.5%,MLNX +6.5%, RFMD +6.3%, ALGN +6.1%, ATRC +5.6%, MKTO +5.5%, 
PFPT +3.7%, PSO+3.2%, COLM +2.7%, GRAM +2.7%, CTCT +2.4%, VOD +2.3%, RVBD +2.2%, UHS +2.1%, CBI+2%, 
HBOS +1.8%, MCO +1.6%, BLDR +0.9%, MPWR +0.9%, SPSC +0.9%, VRSN +0.8%, BJRI+0.8%.

M&A newsTRLA +0.5% (follow through premarket following yesterday’s M&A spec).

Select EU financial related names showing strength following RBS update: NBG +3%, BCS +2.5%, SAN +0.9%.

Other newsACRX +7.1% (confirms July 27, 2014 PDUFA date for Zalviso), MGNX +6.3% (still checking), KERX +4% (co announced Zerenex (ferric citrate) long-term Phase 3 study results were published in the Journal of the American Society of Nephrology),  ATLS +3.3% (declared 6.5% increased quarterly distribution of $0.49 per common unit), SVU +2.4% (positive Mad Money mention), PT +2.1% (still checking), SNE +1.6% (still checking, Nikkei was up over 1% last night).

Analyst commentsPBR +0.8% (upgraded to Overweight from Equal Weight at Barclays)

Gapping down
In reaction to disappointing earnings/guidanceWCG -15.4%, BCOV -15.3%, MXIM -13.5%, LSCC-12%, INFA -11.8%, NTGR -10.8%, AMZN -10.2%, P -8.8%, KLAC -6.5%, EPR -4.8%, MTSN-4.1%, WIRE -4.1%, CB -3.5%, TPX -3.5%, FSL -3.1%, GIMO -3.1%, V -2.6%, STO -2.3%, SBUX-2.2%, XRX -2.1%, WSTG -1.9%, LPNT -1.5%, TCB -1.2%, IM -1%, KEG -0.9%, DTE -0.9%,SWFT -0.8%.

M&A newsMCEP -0.6% (acquires mature Northeastern Oklahoma Properties, announces quarterly cash distribution).

Other newsFPI -3.2% (prices ~3.71 mln share public offering of common stock at $12.50 per share),GSJK -1.7% (prices 15,280,000 common units at $23.50 per unit), MA -1.4% (following V results), MSFT-0.4% (David Sachs (co-founder of Yammer) has left MSFT, according to reports).

Analyst commentsCNC -2.1% (downgraded to Market Perform from Outperform at Wells Fargo), GSK-1.8% (downgraded at UBS), NNN -1.5% (downgraded to Neutral from Buy at Ladenburg Thalmann), GM-1.4% (downgraded to Hold from Buy at Deutsche Bank), XOM -0.7% (downgraded to Underweight from Equal Weight at Barclays).

 

Trading Ideas NYSE & NASDAQ:

  • MXIM – short below premarket low
  • P short below 26.00
  • SBUX – short below 78.00
  • QLIK – short below 25.00
  • DECK – long above premarket high