NYSE Analytics: July 30, 2014

Spyder ETF grows before NYSE opening bell. 

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

Premarket

Gapping up/down: TWTR +27% and X +9% after earnings, social media peers trading higher, ICPT +2% on upgrade; BWLD -9% and DWA -7% after earnings, KORS -1% after dg.

Gapping up
In reaction to strong earnings/guidance
ZLTQ +26.6%, TWTR +24.7%, RUBI +17.4%, OPTT+13.8%, AEGR +12.8%, XPO +12.6%, RNG +11.1%, ECYT +11.1%, 
X +9.5%, CETV +9.1%,EXAM +8%, ADT +7.3%, EW +7.2%, AUO +6.9%, CLD +6.6%, GRMN +6.5%, 
PAL +6.5%, PBI+5.8%, NUVA +5.7%, ASTI +5.7%, SODA +5.6%, SQNM +5.1%, HES +5.1%, (formation of master
limited partnership) INVN +4.6%, PAG +4.6%, INAP +4.5%, SLCA +4.5%, AMGN +4.2%, BCS+4.2%, ICLR +3.9%, SONS +3.8%, NCR +3.5%, MGAM +3.4%, TRN +3.2%, CPWR +3.1%,ESRX +2.6%, CVE +2.6%, AMT +2.3%, PLT +2.1%, APC +2.1%, HUN +2.1%, WILN +1.9%,HUM +1.9%, CHRW +1.8%, SEE +1.7%, UMC +1.7%, BLDP +1.6%, S +1.6%, RRD +1.6%, UGI+1.5%, LO +1.5%, AMED +1.5%, PROV +1.3%, IPHI +1.2%, MAR +1.2%, CG +1%, PNRA+0.9%, EQR +0.9%, VLO +0.9%, ASX +0.7%.

M&A newsIPHI +1.2% (to acquire Cortina Systems; will acquire Cortina’s High-Speed Interconnect and Optical Transport product lines for $52.5 mln in cash and $73.5 mln in stock).

Other news
YPF +5.9% (still checking), JKS +5.8% (to receive $225 mln private equity investment led by China Development Bank International and Macquarie for downstream solar power project business),SQNM +5.1% (entered into license agreement with Mayo Medical Laboratories for noninvasive prenatal testing patents and applications; terms not disclosed), LOCO +4.8% (continued pre-mkt vol, post ipp),MEET +4.2% (engages MKR Group for investor relations), XXII +4.2% (patents granted For 22nd Century Group’s technology to virtually eliminate nicotine in tobacco plants), TXMD +4.1% (prices public offering of ~ 8.6 mln shares of its common stock at $4.67 per share), CENT +4.1% (retained Lazard as financial advisor and Cravath, Swaine & Moore LLP as legal advisor to assist the Board in its review of two proposals recently received from Harbinger Group), DEJ +3.7% (co’s Roan Creek recoverable resource estimate pegged at 67.5 BCFe gas), YELP +3.6% (on TWTR results), HNSN +3.5% (announces publication of Uterine Artery Embolization results; publication states UAE procedures are feasible and appear to be safe with Magellan robotic system), LNKD +1.8% (on TWTR results), SINA +1.7% (on TWTR results), OLED +1.6% (co continues Philips relationship with commercial material supply agreement for OLED lighting), RSH +1.5% (opened 21 interactive remodel stores in San Francisco Bay Area), MT+1.4% (following X results), FB +0.9% (on TWTR results), NUE +0.8% (following X results), AZN +0.8% (agrees to strategic transaction with Almirall in respiratory disease).

Analyst commentsHIVE +16.6% (initiated with an Outperform at Pacific Crest), ICPT +2.6% (upgraded to Buy from Neutral at Nomura), UAL +2.6% (upgraded to Overweight from Neutral at JP Morgan), OSK+1.7% (upgraded to Outperform from Neutral at Robert W. Baird), RESI +1.7% (upgraded to Outperform from Mkt Perform at Keefe Bruyette ), RKUS +1% (initiated with an Outperform at Pacific Crest)

Gapping down
In reaction to disappointing earnings/guidanceMMSI -12.5%, NTRI -11.2%, BWLD -9.1%, DWA-7.5%, GPRE -7.4%, PWE -7.1%, CAP -5.1%, RGR -4.6%, AMCC -4.3%, IACI -4.1%, AFL -4%,MOVE -3.6%, CRAY -3.5%, GNW -3.4%, RT -3.1%, NVMI -2.6%, CUZ -2.5%, ROG -2.4%,ROK -2.2%, ACHC -2.1%, USNA -1.6%, CHMT -1.6%, VRTX -1.6%, TOT -1.3%, QGEN -1.2%,NFX -1.8.

M&A newsTRQ -3.4% (announces sale of 29.95% stake in SouthGobi resources), RIO -0.6% (agrees to sell coal assets in Mozambique for $50 mln).

Select metals/mining stocks trading lowerIGLD -1.8%, BHP -1.0%, ACH -1.0%.

Other newsPWE -7.1% (accounting review; production news), LVLT -2.5% (announced pricing of private offering of $1 bln of 5.375% senior notes due 2022), SWHC -1.7% (following RGR results), PT-1.3% (still checking), BIOF -0.8% (on GPRE results).

Analyst commentsUFS -1.5% (downgraded to Neutral from Buy at Goldman), KORS -1.4% (downgraded to Neutral from Outperform at Robert W. Baird), ALK -1.3% (downgraded to Neutral from Overweight at JP Morgan ), ETN -1% (downgraded to Neutral from Overweight at JP Morgan, downgraded to Neutral from Buy at Goldman), EMN -0.9% (downgraded to Neutral from Buy at Sun Trust Rbsn Humphrey).

 

Trading Ideas NYSE & NASDAQ:

  • DWA – short below premarket low
  • GNW – short below premarket low
  • TWTR – short below 47.00
  • TRN – short below 47.00