Flash: Riverbed Technology prelim $0.20 vs $0.19 Thomson Reuters consensus; revs $163.6 mln vs $161.9 mln Thomson Reuters consensus

Ticker RVBD

Another win for ISRG

CSX beats by $0.02, beats on revs (75.94 +0.59)
Reports Q1 (Mar) earnings of $1.06 per share, $0.02 better than the Thomson Reuters consensus of $1.04; revenues rose 12.4% year/year to $2.8 bln vs the $2.74 bln consensus. “CSX delivered record financial results and achieved growth across nearly all markets in a growing economy… We expect these positive trends to continue, allowing CSX to make critical investments and meet the future transportation needs of our customers and the nation.” Consistent with prior guidance, CSX expects to deliver a high-sixties operating ratio in 2011, which keeps the company on a path to a 65 percent operating ratio by no later than 2015.

VMware sees Q2 revs $860-880 mln vs $846.21 mln Thomson Reuters consensus

WYNN jumping on the news.

Cree prelim $0.27 vs $0.29 Thomson Reuters consensus; revs $219.2 mln vs $217.43 mln Thomson Reuters consensus
Cree sees Q4 $0.25-0.31 vs $0.36 Thomson Reuters consensus; sees revs $225-245 mln vs $243.78 mln Thomson Reuters consensus

One of China’s largest social networking websites, Renren, is slated to ipo on May 4th, ticker symbol RENN.

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They are being sued for tricking kids into eating their disgusting slop, by luring them over with toys in “Happy Meals.”

I suppose we live in a “Children of the Corn” world, where parents do not exist.

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The richest man in the world taking a stake in a small cap U.S. driller, ticker BRNC.

They are evaluating offers. The stock is soaring on the news, now up 31%— ticker BBBB.

NOTE: More than 25% of the shares are sold short.

First time ever. New all-time highs.

#NOINFLATION

Min market cap $1 billion

No. Ticker Market Cap Short as % of Float
1 GDOT 1,800,000,000 79.10
2 JOE 2,270,000,000 76.20
3 CLWR 1,410,000,000 54.00
4 DSW 1,940,000,000 49.50
5 YOKU 6,330,000,000 49.35
6 MMYT 1,090,000,000 45.60
7 BBBB 1,290,000,000 44.40
8 CSTR 1,550,000,000 41.21
9 WPO 3,580,000,000 40.60
10 LDK 1,630,000,000 38.55
11 DMND 1,310,000,000 36.20
12 CIEN 2,450,000,000 35.50
13 TZOO 1,300,000,000 35.10
14 DDS 2,720,000,000 34.80
15 WRLD 1,020,000,000 34.70
16 LFT 1,620,000,000 33.29
17 VECO 1,930,000,000 32.72
18 SPWRA 1,450,000,000 32.20
19 TSLA 2,440,000,000 32.00
20 RKT 2,740,000,000 31.30
21 FSLR 11,820,000,000 29.60
22 DOLE 1,180,000,000 29.43
23 PFCB 1,060,000,000 29.30
24 UAL 7,700,000,000 29.00
25 TXI 1,160,000,000 28.60
26 ADS 4,280,000,000 28.60
27 SKS 1,850,000,000 28.30
28 STRA 1,610,000,000 28.20
29 SHLD 8,540,000,000 28.11
30 URI 1,940,000,000 27.90
31 WNR 1,610,000,000 27.70
32 HEI 1,980,000,000 27.70
33 RLD 1,520,000,000 27.60
34 RES 3,440,000,000 27.00
35 OPEN 2,460,000,000 26.96
36 AUXL 1,080,000,000 26.70
37 CEPH 5,740,000,000 26.60
38 ANR 6,570,000,000 26.60
39 NOG 1,420,000,000 25.50
40 GME 3,710,000,000 25.40
41 WTI 1,650,000,000 25.20
42 QSII 2,480,000,000 25.20
43 TWI 1,080,000,000 25.00
44 MDP 1,580,000,000 25.00
45 CREE 4,510,000,000 24.70
46 SVU 2,250,000,000 24.30
47 CLNE 1,140,000,000 24.25
48 LOGM 1,070,000,000 23.53
49 DFT 1,390,000,000 23.30
50 NUVA 1,080,000,000 23.20

Data provided by The PPT

Interestingly, according to seasonal data provided by The PPT, Chinese stocks tend to outperform in the month of April, with 57% of stocks in The PPT Chinese index trading up in April for an average return of 5.22%. It is the best trading month of the year for the group. In recent days, shares of Chinese related stocks have been on fire, led by gains in SINA, YOKU and BIDU. That trend is continuing today.

No. Ticker % Change Industry
1 OSN 18.35 Chinese Burritos
2 CCCL 13.20 Chinese Burritos
3 CCIH 12.54 Chinese Burritos
4 TRIT 10.76 Chinese Burritos
5 PWRD 10.72 Chinese Burritos
6 DANG 7.35 Chinese Burritos
7 CHINA 6.60 Chinese Burritos
8 ZNH 6.35 Chinese Burritos
9 KNDI 5.97 Chinese Burritos
10 ALN 5.61 Chinese Burritos
11 CEA 5.10 Chinese Burritos
12 QIHU 4.89 Chinese Burritos
13 CTRP 4.55 Chinese Burritos
14 SIHI 4.49 Chinese Burritos
15 SINA 4.42 Chinese Burritos
16 WATG 4.30 Chinese Burritos
17 SEED 4.12 Chinese Burritos
18 BSPM 4.12 Chinese Burritos
19 SOHU 3.97 Chinese Burritos
20 CAAS 3.54 Chinese Burritos
21 EJ 3.51 Chinese Burritos
22 YOKU 2.93 Chinese Burritos
23 CYOU 2.71 Chinese Burritos
24 HSFT 2.51 Chinese Burritos
25 CDII 2.42 Chinese Burritos

Reversing earlier losses, now at session highs +0.25%

Based upon robust earning across the board, in all regions.

European markets opened higher, roughly 0.5% across the board.

S&P futs are well off the session lows, now down just 1.5 points below fair value.

“The private refineries aren’t making money because of controlled fuel prices and high crude costs, so they have to reduce production,” Qiu Xiaofeng, an analyst at Beijing-based Galaxy Securities Co., said by telephone. “The state refiners have to step in to fill the output loss.” Private refineries account for more than 10 percent of China’s total fuel output, he said.

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“I don’t think they realized the complications the sanctions would create, and now they’re trying to backtrack on the question of selling oil and on the arms embargo,” a U.N. diplomat told Reuters on condition of anonymity.  

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Hong Kong -1.4%

Japan  -1.5%

China -1.4%

Australia -1.34%

S&P futures are now down 6.

Off by 1.2%.