NYSE Analytics: July 31, 2014

Spyder ETF drops before NYSE opening bell. 

SPY (intraday chart) uptrend on premarket. Support 195.50, resistance 196.50.


Gapping up/down: RDS.A +2.9%, ALL +2.7%, SNE +2.7%, SNY +2.7% on earnings… YELP -3.4%, WDC -3%, HIG -2.7%, MET -1.9%, TEF -1.7% on earnings, financials/Argentina names lower.

Gapping up:
In reaction to strong earnings/guidance
VPRT +20.9%, MOBL +15.3%, OTEX +12.3%, LPSN+11.2%, HK +7.6%, ARII +7.5%, FOE +6.9%, (light volume), MC +5.6%, (light volume), LOCK +5.6%,SPRT +5.5%, (light volume), DRII +5%, (light volume), SFY +4.8%, COHU +4.6%, TMUS +4.4%, AVP+4.4%, SAM +4.3%, (light volume), HOLX +4%, RKUS +3.7%, BMRN +3.6%, (also sells priority review voucher for $67.5 mln), RDS.A +2.9%, ALL +2.7%, SU +2.7%, (light volume), SNE +2.7%, SNY +2.7%,NEWP +2.3%, ICAD +2.2%, (thinly traded), IPI +2%, (light volume), ITT +1.7%, (light volume), EQIX+1.5%, STMP +1.4%, (light volume), CYTK +1.4%, (light volume), SFLY +1.1%, WLL +1%, CI +1%,MTGE +0.8%, PPL +0.8%, (light volume), COP +0.7%, DEO +0.4%.

M&A newsJRN +5.9% (Scripps, Journal merging broadcast operations, spinning off newspapers).

Other newsEVRY +31.9% (amends credit agreements; announces $20 mln equity investment by Monomoy),TSRA +12.1% (Tessera Tech and Micron Technology announce execution of new technology and patent license agreements), APAGF +7.3% (provides Colombia operations update; says it has successfully completed its Llanos basin exploration drilling program for 2014 and extended production tests and development activities are underway), CMCM +4.3% (Cheetah Mobile and Tencent to Expand Strategic Cooperation Agreement; annual caps have been increased to RMB100 million and RMB105 million), ZIXI +3.2% (approved a share repurchase program that enables the co to purchase up to $10 mln of its shares of common stock), SA +2.9% (KSM Environmental Assessment Application Receives Final Approval from British Columbia), HNSN +2.5% (announces distribution agreement with Adachi for Magellan and Sensei robotic systems in Japan), CBOE+2.3% ( increases quarterly dividend 17% to $0.21 per share from $0.18 per share; increases stock repurchase authorization by $100 mln), LOCO +2% (recent IPO — conintued volatility), DRI +1.8% (Announces Accelerated Stock Buyback; repurchase an aggregate of $500 million of the Company’s common stock), RFMD +1.6% (still checking), RRD +1.3% (positive MadMoney mention), KNDI +0.9% (still checking), DDD +0.5% (to acquire Simbionix for $120 mln in cash; expected to be immediately accretive to cash generation and non-GAAP EPS) .

Analyst commentsCLF +0.3% (upgraded to Market Perform from Underperform at Bernstein ), BWLD+0.2% (upgraded to Buy from Neutral at Sterne Agee), SODA +0.1% (upgraded to Equal Weight from Underweight at Barclays)

Gapping down:
In reaction to disappointing earnings/guidance
EHTH -32.1%, QUIK -19.6%, ATEN -18.8%, CLUB-14.2%, CODE -13%, AVG -8.4%, MTW -8.3%, GLUU -8.1%, (also plans to acquire Cie Games for ~ $100 mln; co anticipates the transaction being earnings accretive from its first quarter of consolidation), TTEK-7.1%, (light volume), ALU -7%, TGB -6.8%, (light volume), AKAM -6.5%, ANIK -6.5%, PVA -6.5%, (Penn Virginia announces the sale of Eagle Ford Oil gathering and intermediate transportation rights for $150 mln), FEIC -5.9%, (light volume), NOW -5.8%, SMSI -5.4%, (thinly traded), WSTL -5%, CAVM -4.8%,OCN -4.8%, (light volume), ENTR -4.2% (light volume), RNWK -4%, (also appoints Rob Glaser to be permanent CEO), CTRP -3.9%, WFM -3.7% (also downgraded to Neutral from Buy at UBS; downgraded to Neutral from Overweight at JP Morgan ), SZYM -3.5%, (also Solazyme and AkzoNobel expand partnership in surface chemistry), YELP -3.4%, WDC -3%, HIG -2.7%, VECO -2.2%, MET -1.9%, TGI -1.9%, EXL-1.8%, (light volume), TEF -1.7%, PEIX -1.6%, LRCX -1.5%, ISIL -1.5%, EPD -1.4%, (light volume),KRFT -1.3%, (also downgraded to Hold from Buy at Deutsche Bank), WTW -1.2%, -1.1%, (light volume),CNL -0.9%, (and following late spike on reports that Iberdrola (IBDRY) may bid for CNL), ABX -0.9%, (light volume), CACC -0.7%, (thinly traded), AZN -0.3%, DTV -0.3%.

M&A newsAHL -2.7% (Endurance terminates offer to acquire Aspen).

Select financial related names showing weaknessDB -2.7%, ING -2.7%, NBG -2.7%, CS -2.3%, SAN-1.8%.

Select telecom stocks trading lowerPT -4.5%, VOD -1.9%.

Select Argentina names lower following S&P newsBMA -4.5%  BFR -3.4%,  PAM -1.9%  YPF -1.3%

Other newsPERI -8.6% (still checking), YUM -6.2% ( confirms it terminated its relationship with OSI ), MU-6.2% (following SSNLF results; also Tessera Tech and Micron Technology announce execution of new technology and patent license agreements), QIHU -5.1% ( announces offering of $900 mln convertible senior notes due 2020), CNHI -3.3% (on MTW results), RPT -2.2% (commences public offering of 5.25 mln newly issued common shares of beneficial interest ), NOK -1.7% (following ALU results; also Nokia Networks to buy part of Panasonic’s (PCRFY) wireless network business), AAPL -1.4% (still checking), TSN -1.4% (announces pricing of of 23.81 mln shares of its Class A common stock at $37.80/share and 30 mln of its 4.75% tangible equity units), MANU -1.3% (announces offering of 8 mln Class A ordinary shares by the selling shareholder),STX -1% (following WDC results), AMZN -0.7% (plans to expand into local services, according to reports ),TSLA -0.7% (Tesla Motors and Panasonic confirmed agreement for the Gigafactory), GPRO -0.6% (following yesterday’s 5% move higher), MCD -0.3% (following YUM update).

Analyst commentsHOG -1.5% (Harley-Davidson downgraded to Hold from Buy at Argus), QCOM -1.1% (downgraded to Mkt Perform from Outperform at Bernstein ), UN -0.3% (Unilever downgraded to Neutral from Buy at Goldman)


Trading Ideas NYSE & NASDAQ:

  • YUM – short below premarket low
  • WFM – long above 38.00
  • MA – long above premarket high