09:53 ET Nasdaq Composite : -- Technical -- Index pays a visit to its recent trading range top at 2232, holds, and then bounces. Oversold intraday readings are supportive with the next short term resistances coming into play at 2275 and 2282.
09:48 ET Sector Watch: Alternative Energy : Alternative energy and fuel cell stocks back on the radar screen; stocks running this morning include PLUG (+11%), MKTY (+9%), HYGS (+6%), CPST (+5%), BLDP (+5%), MCEL (+4.5%).
09:43 ET Ladenburg Thalmann on Biotechs : Ladenburg Thalmann out with another round of Strong Buys on biotech stocks and big price targets to go along with them. Genta (GNTA 9.40 +0.29) started Strong Buy with a 12-month target of $17; Immunomedics (IMMU 15.95 +0.17) initiated with a Strong Buy and $27 target; Biomira (BIOM 8.02 +0.51) started at Strong Buy and price target of $18.
09:42 ET Sector Watch : Mixed bag in early dealings with the tech beginning to weaken. On the upside are gold, healthcare, banking, computer-hardware, alternative energy and software. Losing sectors are being led by oil service, chemical, paper, natural gas, semiconductor, biotech and airline.
09:26 ET Gapping Up/Down : SDRC +38% (being acquired by EDS)... FIBR +11% (reports quarterly results; issues positive outlook)... FTHL +9% (Tyco considering taking a stake in the company)... PRGX +7.5% (Merrill upgrade)... OMNY +9% (News Corp increases stake)... Gapping Down: TQNT -10% (earnings warning; downgrade)... HOTT -9% (cautious near-term outlook; downgrade). |
