The market looks like it will open slightly higher today. The devilish price of oil is marching up again passing the $72 per barrel mark for the first time in the historic high. For the past two sessions, traders seem to ignore the price oil is increasing, perhaps they think oil price increasing is inevitable. Also they think as long as FED is not increasing the interest rate in the near future, it could be good for the market. But the risky of higher oil price is still there, I would be cautious for now unless it has strong momentum and benefit from the oil price crisis like the one I have mentioned a few days ago, (WFR).
(PLAY) was the biggest casualty today, (AAPL) is dropping its chips. It is a one shot wonder stock. Stay away from it. (AAPL), on the other hand is up because of the iPod success. As well as (NOK) beat estimates. (AVCI) beat estimate in a big way.
Upgrades This Morning:
(UFPI)
(GILD)
Downgrades This Morning:
(TOPT)
(SYBT)
(UVN)
Most Active Stocks:
(PLAY), (AAPL), (QQQQ), (SWFT), (NOK), (EMC), (INTC), (UPCS), (SPY), (AVCI)
Stocks are Up:
(SWFT), (AAPL), (CTXS), (AVCI), (IGT), (ARW), (DVAX), (GV), (SGTL), (ELNK)
Stocks are Down:
(PLAY), (MEDI), (JNPR), (EBAY), (AMLN), (BDCO), (RMBS), (LSI), (RTP)
Tags: premarket, pre-market, stocks to watch
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