Today's momo move was probably, at least in part due, to short covering following yesterday's gap down and late day swoon. Tomorrow and Friday will probably be very low volume due to the long weekend getaway.
Economic Calendar: Initial Claims and Pre. GDP in pre-market.
Companies moving in after hours trading in reaction to earnings: Trading Up: SIGM +13.1%; FCEL +9.9%; NOVL +1.8%; UEPS +1.5%... Trading Down: CWTR -13.2%; JAS -5.7% CTRN -5.6%; CHS -4.7%; TIVO -4.2%; PSS -1.5%; HEI -1.0%... Companies moving in reaction to news: Trading Up: BDCO +2.9% (subsidiary enters into new pipeline transportation agreement); MEMY +2.7% (commences Phase 1 clinical program for R4996/MEM 63908; trial initiation triggers $2.0 mln milestone from Roche); FRPT +2.5% (says ahead of MRAP vehicle protection schedule); VVTV +2.2% (CEO buys 110K shares at $7.98-8.1); CEPH +1.2% (announced FDA grants orphan drug designation to TREANDA, an investigational treatment for chronic lymphocytic leukemia)... Trading Down: SWC -3.1% (signs new PGM supply agreements); GGBM -2.6% (received a staff determination letter from the Nasdaq Stock Market); NETL -2.0% (acquires Cypress's Network search engine assets targeting high-volume desktop Switching); ESV -1.6% (announces additional stock repurchase authorization, of an additional $500 mln; lowers Q3 revs guidance); PH -1.3% (unit faces price-fixing allegations -DJ); GPS -1.1% (announces departure of CFO, Byron Pollitt); MCK -1.1% (Judge certifies class-action case against nation's largest pharmaceutical distributor in alleged pricing scheme); R -1.1% (to acquire Pollock NationaLease in Canada).
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