Tuesday, June 26, 2007

Pre-Market - Tuesday June 26th

Gapping down on weak earnings/guidance: RAIL -4.8%, WMAR -4.3%, LEN -3.4%, SCS -2.6%, KR -2.6%... Other news: LYO -4.0% (trading lower following Basell's proposed acquisition of HUN, as traders may now view potential LYO takeover as less likely), HSOA -3.4% (boutique firm making cautious comments), ADBE -2.0% (downgraded to neutral at tier-1 firm), TGT -1.3% (sees June same store sales near low end of 3-5% guidance).

Gapping up on strong earnings/guidance
: GORX +10.9%... M&A: VMSI +51.6% (to be acquired by Roche for $75.00 per share in cash), EAS +20.9% (to be acquired by Iberdrola for $28.50 per share), HUN +16.4% (Basell agrees to buy Huntsman Corp for $25.25/share in cash- Bloomberg)... Continued momentum in select solar names: HOKU +6.2%, DSTI +4.6%... Other news: CTIC +4.4% (co says publication on Pixantrone preclinical studies demonstrates reduced Cardiotoxicity), BPHX +3.2% (co migrates billing system as part of multi-million dollar modernization project for Israel local authorities), SMSI +3.1% (initiated with an Overweight at JP Morgan), TASR +2.3% (co says white paper indicates TASER devices reduce excessive use of force liability claims and litigation against law enforcement; also hearing positive chatter related to potential contract).

BIDU upgrade is also gapping up.

Courtesy of Briefing.com

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