The Nasdaq’s set to gap up several points this morning which I think is mainly due to Google’s pop after being including in the S&P 500. Speaking of which, I wonder the price at which this ANALyst will get credit for his/her upgrade (emphasis is mine):
Stifel upgrades GOOG to Buy from Hold and raises their tgt to $435 from $404. The firm expects Google shares to be up materially this morning as it was announced last evening that the co was being added to the S&P 500. The firm upgrades the shares on fundamentals and the they believe fundamentals support a potential 20% upside from current levels while the S&P addition accounts for the remaining 7%.
Wow, what a crystal ball! They expect it to be up this morning? The stock jumped about 8% last night immediately after the S&P announcement. Hopefully that call gets marked on the books with the stock at 370 as opposed to 340, where it was before the news hit.
Potential swing trades:
See one of the recent ‘Chart Reading‘ posts for some potential swing candidates.
Potential day trades:
(From Briefing.com)
Gapping Down
Gapping Down on earnings/guidance: WTSLA -7.9% (reported Q4 results); SMOD -6.5% (beat by $0.03; guided in-line); COMS -4.5% (beat on narrower than expected loss, light on revs); FINL -4.4% (reports Q4 results; guides Q1 lower)… AIRN -4.4% (reported in-line; guided)… Other News: IDIX -25.9% (Announces it will modify Phase II clinical trial of Valopicitabine); CEPH -16.1% (FDA recommends against approval of Sparlon; lowers Y06 sales guidance); CHKP -5.9% (Several firms cautious on co after they announced that they have walked away from acquiring Sourcefire/ multiple downgrades); ENCY -4.8% (delayed TBC3711 study); CBEY -3.6% (downgraded to Market Perform from Outperform at Raymond James); SHR -3.6% (Merck KGaA will not increase its offer for SHR); BRNC -1.9% (Files form FWP related to 3.0 mln share offering).
Gapping Up
Gapping up on earnings/guidance: AEHR +10.7%; PALM +5.9%; SLR +2.8%… Other News: MTZ +62.2% (BladderChek test detected 100% of dangerous tumors in women at risk); WGRD +14.4% (Vector Cap comments on interest to acquire co; JMP upgrade); LU +9.6% (merger talks with ALA); GOOG +8.2% (to be added to the S&P 500); TUES +6.7%(to be added to the S&P 600 SmallCap); SNMX +5.8% (expansion of collaboration with Nestle SA; new agreement with Ajinomoto); QDEL +4.9% (Donald Luskin comments on co’s Bird Flu nasal swab on CNBC); MATR +4.1% (to be added to S&P 600 SmallCap); AVNX +3.6%; NT +4.6% (in sympathy with LU; a potential take-over candidate); ALA +4.6% (no potential merger with LU).
Disclaimer & How I use this list
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