Literally half of the stocks that were on my list of long candidates have earnings reports due out next week, so I’ve scratched them. It’s just as well since Microsoft is weighing the market down this morning.
Currently holding:
Long – None
Short – None
Looking for swing trade entries in:
Longs – AAPL, CME, KFY, PLT, SNDK, TUES, WWCA
Shorts – None
Potential day trades:
(From Briefing.com)
Gapping Down
own on disappointing earnings/guidance: AMZN -6.2%, ERTS -4.1% (also Deutsche and JP Morgan downgrades), KO -3.4% (also Deutsche downgrade), MSFT -2.9%, PKTR -28% (also First Albany and Janney downgrades), ARDI -27% (also Needham and Roth downgrades), TMTA -16% (also JMP and Soundview downgrades), FDRY -15%, DCLK -14% (also Piper and JP Morgan downgrades), SLTC -11%, VTSS -10.5% (also Unterberg downgrade), HTCH -8.5%, BWLD -6.6%, MUSE -5.6% (also First Albany downgrade)…. Other news: FLEX -6.2% (24 mln share offering).
Gapping Up
Moving higher on strong earnings and/or guidance: ARTI +20%, OSTK +6%, TELN +5%, XRX +2.3%, GDT +2.2% (also upgrades from Piper and Smith Barney)… also higher are DDDC +7% (upped to Buy by Blaylock following Verizon deal), TASR +3.3% (convinces Indiana sheriff’s office product is safe)…. Under $3: EGHT +8% (signs reseller agreement with Zones).
