The market looks like it will open slightly lower today after the durable good number announced this morning. The March durable good order came in at 6.1% much higher than expected of 1.8%. Looks like corporations and consumers still did not feel the pinch of oil price yet. FED maybe still on pace to boost rate in the coming meetings. This is getting very interesting because consumer confidence level was higher than last month announced yesterday even though price of oil is at all time high. It is getting more complex now. But I do feel the effect will come in the coming weeks.
(URAM) is on of the heaviest shorted stock, shorters will get burned today because of the better than expected earning. It beat the estimate by 11 cents. It may go back to the old highs very soon. Shorting in this market is very dangerous. I would not advise shorting right now.
Upgrades This Morning:
(SNV)
(PCL)
(SUNW)
Downgrades This Morning:
(TUES)
(BER)
(PENN)
Most Active Stocks:
(QQQQ), (SPY), (NOK), (UARM), (NWEC), (SANM), (RFMD), (TASR), (EC), SIRI)
Stocks are Up:
(UARM), (LDIS), (SANM), (ELSE), (TQNT), (LIFC), (NWEC), (SNWL), (TASR), (WIRE)
Stocks are Down:
(MCRL), (ZBRA), (SIRF), (PEIX), (EXTR), (MCHP), (S), (HT)
Tags: premarket, pre-market, stocks to watch
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