Monday, July 07, 2008

Pre-Market

Futures modestly higher on a very slow news day, with NASDAQ leading the way. No earnings or economic data scheduled for today. Sector weakness Gold, Oil; biotechs mixed, most everything else I track is in the green so far.

Gapping
Up:
CALM, DRYS, AAPL, ADTN, YHOO spiking higher MSFT will enter conversations with YHOO if Icahn can dump the board.

Gapping Down: TEVA, GSK, BHP, GLD AAUK, DIS, MRK, MI, ABX, APKT, UBS, DEO, HTE, HAL, VRSN, RATE, SLB testing support.

Upgrades: Piper upgrades BRCM and JNPR from neutral to buy; Broadpoint Capital upgrades ENER to Buy from Neutral

Downgrades: Piper downgrades APKT from buy to neutral (JP Morgan also downgrades APKT)

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