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Pre-Market - Apr 20 2008 2:29PM
By: Wall Street Warrior   Sunday, April 20, 2008 2:29 PM

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Gapping down in reaction to weak earnings/guidance: TOMO -30.3%, GRRF -16.3%, ATRM -14.4%, ACO -10.6%, ISRG -8.2% (also downgraded to Accumulate at ThinkPanmure), USTR -7.3%, VASC -4.7%, ESLR -4.4%, CYN -3.9%, CBST -2.3%, SLB -2.0%, ICUI -1.8%... Select metals/mining stocks showing weakness with lower spot prices following rally in the dollar: TGB -4.6%, GRS -4.1%, DROOY -4.0%, KGC -3.5%, GG -3.5%, SLV -2.8%, SLW -2.7%, AEM -2.5%, AUY -2.1%, HL -2.1%, PAAS -2.1%, GLD -1.6%, GOLD -1.6%, RTP -1.3%... Other news: BRLC -13.0% (provides financial statement update; financial statements for fiscal year ended June 30, 2007 and the interim periods may likely require restatement ), SCOR -4.6% (trading lower after GOOG reported search advertising data that differed from comScore's), ATN -2.4% (announces its decision not to proceed at this time with offering of Class B units)... Analyst downgrades: FTE -2.1% (downgraded to Neutral at UBS), CMP -1.8% (downgraded to Neutral at JPMorgan).

Gapping up in reaction to strong earnings/guidance
: OSTK +35.7%, GOOG +17.9% (also upgraded to Buy from Hold at Collins Stewart and upgraded to Buy at Jefferies), MF +11.7% (also added to Focus List at JPMorgan), ETFC +10.5%, C +8.2%, TPX +7.8%, PMCS +7.7%, MAN +7.2%, DOX +6.8%, ELY +6.4%, TLB +5.9%, SNDK +4.6%, CAT +4.5%, INFA +3.8% (also announced that its Board of Directors has authorized a $75 mln increase in its common stock repurchase program), HON +3.7%, COF +2.2%, XRX +1.0%... Select financial names showing strength following C earnings: WM +4.0%, LEH +3.3%, BAC +3.1%, MS +3.1%, GS +2.9%, JPM +2.6%, COF +2.6%, MER +2.3%, WFC +1.8%... Select tech stocks rebounding, boosted by GOOG earnings results: CRM +9.2%, BIDU +8.8%, AMZN +3.3%, RIMM +2.8%, FMCN +2.6%, AAPL +2.3%, MSFT +2.1%, EBAY +1.9%,... Other news: VOD +2.6% (still checking), SHPGY +2.6% (still checking), CHL +1.6% (profiled in Barron's Online), ISIS +1.6% (reports reduction of apoB-100 levels in a murine model resulting in up to 92% reduction of atherosclerosis)... Analyst upgrades: TTHI +6.0% (initiated with Buy at Piper), AVNX +4.3% (initiated with Buy at Merriman), ROST +2.4% (upgraded to Overweight at Lehman), UTEK +2.1% (upgraded to Buy at Brean Murray), ADS +1.8% (upgraded to Outperform at Piper), CSCO +1.7% (initiated with Buy at Lazard).

Gapping up
: GOOG +16.3%, TPX +10.0%, ETFC +7.7%, PMCS +7.1%, BIDU +6.9%, C +6.1%, SNDK +5.0%, HON +4.5%, CAT +4.3%, WM +4.0%, INFA +3.8%, VOD +2.6%, SHPGY +2.6%, ICO +2.6%, DOX +2.5%, AAPL +2.3%, RIMM +2.3%, POT +1.8%, WFC +1.8%, FMCN +1.8%, MSFT +1.4%, EBAY +1.2%... Gapping down: TOMO -29.2%, GRRF -14.6%, ATRM -14.4%, ISRG -11.0%, SCOR -8.4%, VASC -4.7%, CYN -3.9%, ESLR -3.6%, SLB -3.5%, ATN -2.4%, ICUI -1.8%.


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The above story is the opinion of the author only and it does not reflect iStockAnalyst opinion. Further, the author is not personally advising you regarding the suitability of the story for your investment needs. In no event iStockAnalyst will be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from or arising out of, or in connection with the use of this information. Please consult your investment advisor before making any investment decision.
  
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