Wednesday, August 11, 2010

Industrials/Materials/Energy Outliers

Industrials/Materials/Energy Outliers

·         LEN was off 5.25%, leading builders lower.

·         DOV was up 1%, outperforming multis/machinery after being added to Goldman’s conviction buy list.

·         CNH was off 3.75%, underperforming ag names as investors take profits from last week’s rally on the Russia export ban.

·         MDR rolled over and finished off 2.5% after trading higher on earnings this morning.

·         TDG was up 0.5% (off highs) on earnings, outperforming aero/def names.

·         ATK was up 0.75% after being upgraded by a competitor.

·         NOC was off 1.5% after being downgraded at FBR Capital.

·         EDMC was up 1% (well off highs) ahead of earnings tomorrow night.

·         UAUA was off over 3.25%, weighing on airlines after its RASM report last night. CAL was off 3.5% in sympathy.

·         CDE was off 3% (off lows) on earnings, underperforming gold stocks.

·         CENX (-3.25%) and AA (-2.5%) underperformed on a slide in aluminum.

·         AKS was off over 3%, leading steel / iron ore names lower over the weak China eco data.

·         IPI (-3.25%) and CF (-2.7%) led ferts lower following the USDA crop report and as investors move out of the group following last week’s rally on the Russia export ban.

·         CCK and PTV were up 0.4%, outperforming as investors move into the more defensive packaging space.

·         BP was off 1.85% as investors take profits as the company moves closer to finishing its relief well.

·         NBR was off 5.25% after Moody’s put its debt on review for possible downgrade.

·         ROSE was off 8.75% (near lows), continuing to underperform off earnings yesterday and after Raymond James downgraded the stock.

·         JASO was off over 8.75% (near lows), weighing on solars on earnings.

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