Monday, April 30, 2012

April 30 Market Movers

Stock
Movement
Reason
Our Comments
SUN - ETP
SUN - up 8 points.
SUN being acquired by ETP
Cash and stock deal.  SUN will receive $25 in cash + 0.52 shares of ETP.  Could be some strength in the other natural gas stocks.

BKS
Up 14 points.
MSFT to invest $300 million in BKS
MSFT and BKS partner up to form new E-book subsidiary.  BKS more than doubling on this news.  BKS has traded as high as 28.20 on this news.  30 may provide some psychological resistance.

HUM
Down $3.82
Earnings.
Nearly every health care provider that has reported, has sold off after the report. So not surprisingly HUM follows suit.  85 should be a key swing number.

NYX
Offered slightly down.
Earnings.
Very light trade, so hard to gauge market sentiment on this report.  26.50 area provided some support last week, that may be decent swing number.

SCHL
Up 3 points.
Raises guidance.
Hunger Games publisher surging this morning on earnings guidance. Stock struggled in 34.50 area a while back, that may provide some initial resistance.

No comments:

Post a Comment