The market looks like it will open slightly lower today after yesterday's big gain. I would be surprise of the market trading down today because of the recent trading patterns. Major news for the day is: weekly jobless claims rose 15K to 294K vs. estimate of 285K, but it is still below the 300K level for a seventh straight week and an indication of strong labor market conditions. Many traders on eyeing on Google (GOOG) today of the analyst meeting, it disappointed last earning as well as Tuesday's interview with CNBC. So watch out for (GOOG) for big swing today.
The biggest point loser today is (NSTK) after Merck (MRK) terminated its collaboration agreement with the company. Biotech stocks are very risky, much higher percentage of them like (NSTK) failed then succeeding like (AMGN). That is why I do not play them unless I know they have lucretive drugs or technologies.
Upgrades This Morning:
(COGN)
(FCGI)
(SIRI)
Downgrades This Morning:
(BRKS)
(PPC)
(SAFM)
Most Active Stocks:
(QQQQ), (GLDB), (MONE), (OVTI), (CIEN), (NSTK), (SIRI), (GNTA), (IVAX), (CNXT)
Stocks are Up:
(VNST), (MONE), (DXPE), (PETM), (ALTI), (AGIL), (SCMR), (PALM), (ZHNE)
Stocks are Down:
(QNTA), (NSTK), (TERNE), (SHRP), (OVTI), (CNXT), (WMAR), (CATG), (MRGE), (NVAX)
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