Today's Economic calendar is empty.
Gapping down: In reaction to weak earnings/guidance: LOW -4.0%, VAL -4.0%, CYBX -3.4%, TDG -2.8%, FMCN -1.2%...Other news: SIFY -14.7% (SABA and SIFY announce they will work together to deliver learning platform and services to India), ACGY -5.6%, LOGI -4.2%, LMC -3.8%, FNM -3.7% (prices $500 mln of preferred stock at $25), AAUK -3.6%, BHP -3.5%, ABB -3.5%, LVS -3.2% (negative comments from Barron's), CELG -2.7% (CELG to buy for $72 per share), WYNN -2.6% (negative comments from Barron's), BZP -2.4% (files $266 mln common stock shelf offering)...Analyst downgrades: DFS -4.3% (hearing downgraded to Sell at Tier-1 firm), UBS -3.1% (downgraded to Sector Perform at CIBC), C -2.9% (hearing downgraded to Sell at tier-1 firm), VMW -2.8% (in reaction to Barron's comments), FNM -2.5% (downgraded to Market Perform at Friedman Billings), ETFC -1.7% (hearing downgraded to Sell at tier-1 firm), MER -1.2% (hearing downgraded to Sell at tier-1 firm).
Gapping Up in reaction to earnings/guidance: DHT +13.54%, CSUN +8.5%...Other news: NTOL +86.3% (agrees to be acquired for $4.40 per share), NX +38.8% (announces plan to separate its Building Products and Vehicular Products businesses), PHRM +38.0% (CELG to buy for $72 per share), ELNK +11.7% (considering strategic alternative for municipal wireless business), DISH +10.4% (Barron's reports T may be interested in buying DISH, also upgraded to Buy at Citi), BIDZ +6.8% (profiled in Investor Business Daily), CTB +5.7% (authorizes stock repurchase up to $100 mln), CRNT +3.3% (initiated coverage at Lehman), ONXX +2.9% (announces FDA approved sNDA for Nexavar tablets for unresectable hepatocellular carcinoma), GME +2.3% (Cramer gives positive comments, initiated with neutral at tier-1 firm), RIG +1.7% (announces contract estimated revs at $569.4 mln), STJ +1.6% (Cramer gives positive comments)...Analyst upgrades: STP +2.7% (hearing tgt raised to $100 at tier-1 firm), YHOO +1.4% (hearing upgraded to Buy at tier-1 firm), QCOM +0.7% (upgraded to Overweight at JPMorgan).
Gapping up: NTOL +86.3%, DISH +33.1%, ELNK +11.7%, ETFC +6.1%, CSUN +5.9%, STP +5.8%, CRNT +3.3%, GME +2.3%, PHRM +2.2%, STJ +1.6%, YHOO +1.4%, QCOM +0.7%....
Gapping down: DFS -4.3%, LOGI -4.2%, LOW -4.0%, AAUK -3.6%, BHP -3.5%, UBS -3.1%, ABB -3.1%, PAET -3.0%, C -2.9%, SQNM -2.9%, CELG -2.7%, FNM -2.5%, BZP -2.4%, JOYG -1.7%, MICC -1.6%.
Stocks that are overbought include: NWA, PCBC, AGO, DAL, FOSL, & CSIQ.
Stocks that are oversold include: RIMM, WG, ASTI, CNQ, BKR, GOOG, ZINC, CY, VTIV, KHD, DRIV, CRDN, & HRZ.