We’ve got a couple of economic reports due in the first 30 minutes so I’ll wait until after 10:00 to make any moves. (Mich Sentiment- Rev will be released at approx 9:45am est; Chicago PMI approx 10am est)
Currently holding:
Long – JNPR, PLT, RIMM, SONSE, SWIR
Short – None
Looking for swing trade entries in:
Longs – SNDK
Shorts – ACI, FD, KMX, S, TROW
Potential day trades:
(From Briefing.com)
Gapping Down
MGAM -27% (misses by $0.02, misses on revs; CIBC downgrade), APCC -14% (misses by $0.07; JP Morgan downgrade), THQI -11% (misses, guides lower, Piper downgrade), FLML -8% (misses by $0.16), CDCY -3.3% (beats, but guides Y04 below consensus), SOHU -3%, INTC -1.5% (WSJ reports Intel is telling customers it won’t meet a high-profile milestone for improving chip performance this year)…. Under $3: PRTL -40% (misses qtr), DFIB -18% (reports Q2), CNXT -10% (reports in line, but guides SepQ below consensus).
Gapping Up
GILD +10% (beats on revs and EPS; multiple upgrades), AIRT +12% (reports JunQ, short squeeze), MACE +19% ($3 mln share buy back plan, sells car wash; up in sympathy IPIX +5%, TBUS +2.8%), NTGR +16% (beats by $0.03), CKCM +16% (reports Q2), MONE +12% (beats by $0.04, Piper upgrade), GERN +6% (reports Q2), BSX +3.2% (BSX’s Taxus drug-eluting stent is back on the shelves of Brigham & Women’s hospital), KLAC +1% (beats by $0.03; WR Hambrecht upgrade)…. Under $3: INFO +11% (beats by $0.12), BSQR +9% (reports Q2).
