April 30 Market Movers
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Stock
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Movement
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Reason
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Our Comments
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SUN – ETP
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SUN – up 8 points.
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SUN being acquired by ETP
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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.
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BKS
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Up 14 points.
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MSFT to invest $300 million in BKS
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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.
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HUM
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Down $3.82
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Earnings.
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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.
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NYX
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Offered slightly down.
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Earnings.
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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.
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SCHL
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Up 3 points.
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Raises guidance.
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Hunger Games publisher surging this morning on earnings guidance. Stock struggled in 34.50 area a while back, that may provide some initial resistance.
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