NYSE Analytics: July 29, 2014

Spyder ETF grows before NYSE opening bell.

SPY (intraday chart) uptrend on premarket. Support 198.00, resistance 198.50.

Premarket

Gapping up/down: MSTR +5% and UTHR +4%, PLUG +12% following commitment from WMT, alt energy names higher, BCS +1.5% after upgrade; UPS -3% after earnings, solar names trading lower, STM -1% after dg.

Gapping up
In reaction to strong earnings/guidance
CAMT +17.8%, CGNX +14.3%, SIMO +11.4%, GIG +10.3%,PGTI +9.5%, HLS +8.3%, MAS +7.9%, IDTI +7.2%, 
XYL +6.4%, CVLT +5.6%, MSTR +4.8%, KLIC+4.4%, DIN +4.1%, SIRI +3.8%, UTHR +3.5%, SAVE +3.4%, LVLT +3%, 
YNDX +2.8%, AMKR+2.7%, AIXG +2.7%, HW +2.2%, MHFI +2.1%, CYNO +1.7%, ALLY +1.6%, RRC +1.5%, XL +1.5%,
ACI +1.4%, MRK +1.1%, AGNC +1%, RAI +1%, MVNR +0.9%, MMC +0.9%, PFE +0.7%, .

Select EU periphery banks/financial related names showing strengthIRE +2.8%, SAN +1.3%, BBVA+1%.

Select renewable energy stocks trading higherfollowing PLUG newsFCEL +5%, BLDP +2.1%, CPST+1.4%.

Other newsGEVO +24.2% (higher follo(announced side-by-side operation of Luverne Plant on track; co producing both isobutanol and ethanol),wing CEO appearance on CNBC; CEO was very positive on co’s drug for the treatment of hepatitis B), ARWR +9.3% (higher following CEO appearance on CNBC; CEO was very positive on co’s drug for the treatment of hepatitis B), PLUG +8.3% (Walmart (WMT) expands commitment to Plug Power Hydrogen Fuel Cells with GenKey order for seventh N. American distribution center), WIN +7.4% (to spin off assets into publicly traded REIT), IDTI +7.2% (announced that an IDT wireless power receiver was incorporated on LG’s latest flagship G3 smartphone; co also reported earnings), KBH +4.4% (still checking),DRI +4% (announced Clarence Otis will step down as Chairman and CEO; Board separated Chairman and CEO roles and appointed Charles Ledsinger, Jr. Independent Non-Executive Chairman of the Board), APTS+1.9% (announced agreement to acquire 1,397 multifamily units), PSDV +1.4% (announced ILUVIEN receives marketing authorization in Norway and approval for reimbursement in Portugal).

Analyst commentsSBH +2.5% (upgraded to Buy from Neutral at Citigroup), PCYC +2.3% (upgraded to Outperform from Mkt Perform at Leerink Partners), COST +2% (upgraded to Buy from Neutral at Goldman; added to Conviction Buy list ), BCS +1.5% (upgraded to Buy from Add at Numis), XL +1.5% (added to Best Ideas list at Morgan Stanley), ZION +1% (upgraded to Mkt Perform from Underperform at Bernstein), FGP+0.8% (upgraded to Neutral from Sell at Citigroup)

Gapping down
In reaction to disappointing earnings/guidanceMERU -16.3%, AFOP -14.4%, HLF -11.8%, TTS-8.6%, GNC -7.9%, NCLH -3.8%, UPS -3.1%, PCL -2.9%, WYNN -2.8%, ETN -2.7%, RYN -1.9%, BP-1.6%, AET -1.5%, LXRX -1.4%, EMN -0.8%, WM -0.8%, TLM -0.6%.

Select solar names showing weaknessYGE -2.9%, JASO -1.9%, JKS -1.1%, CSIQ -0.9%.

Other newsTRGT -24% (to discontinue TC-5214 overactive bladder program; TC-5214 demonstrated mixed results on the co-primary endpoints), KBIO -11.9% (provided update on KB001-A partnership and clinical status; regains global rights to KB001-A from Sanofi Pasteur; announces completion of enrollment in KB001-A Phase 2 cystic fibrosis study), LOCO -8.7% (continued crazi-ness trade in pre-mkt activity), TCPC-3.4% (announced public offering of 5.4 mln common shares), SPEX -3.4% (announces summary of the co’s legal proceedings), BDN -3.2% (commenced public offering of 18 mln common shares), ITC -2.7% (still checking), PT -1.3% (still checking), CRWS -1.2% (announced licensing agreement with Carter’s (CRI) for infant bedding), ASML -1.2% (STM peer, potentially related to STM downgrade).

Analyst commentsHZNP -3.8% (downgraded to Neutral from Overweight at Piper Jaffray), PCL -2.9% (downgraded to Mkt Perform from Outperform at Raymond James), STM -1.3% (downgraded to Underperform from Mkt Perform at Bernstein), AWI -1.3% (removed from Conviction Buy list at Goldman),DLTR -1.2% (downgraded to Mkt Perform from Outperform at BMO Capital Mkts), THOR -1.1% (downgraded to Market Perform from Outperform at Wells Fargo).

 

Trading Ideas NYSE & NASDAQ:

  • HLF – short below premarket low
  • UPS – long above 100.00
  • DRI – short below 46.00
  • CTL – long above premarket high
  • YNDX – long above premarket high