The futures have a taken a bit of a hit this morning on reports of a ‘renegade’ missile in Iran, near a nuclear power plant. Mark Haines, the morning CNBC anchor, just spelled out why he has doubts about the veracity of the report. What he said makes sense, but I guess time will reveal the truth…
Currently holding:
Long – AEOS, BSTE, ENER, ERTS, MERQ
Short – none
Looking for swing trade entries in:
Longs – DHI, HXM, MATK, PARL, RBK, THQI
Shorts – HHH, MWV, NEW, UVN
Potential day trades:
(From Briefing.com)
Gapping Down
Gapping down on weak earnings/guidance: ADBL -30% (also multiple downgrades), NTAP -12.4% (down in sympathy: XRTX -4.1%), LF -10.9%, AGIX -8.7%, CECO -4.6% (also downgraded at William Blair and JP Morgan), EYET -4.4%…. Other News: MAMA -6% (profit taking after 36% move yesterday), ALTI -5% (continues yesterday’s 15% drop), PIXR -3.7% (downgraded to Sell at BofA), SINA -3.4% (class action suits announced), TEVA -2.1%, TYC -1.7% (names new CFO)…. Under $3: BOSC -18.5%, CHRD -13% (delays 10-Q filing).
Gapping Up
MLNM +4.3% (WSJ lists as a potential takeover target), KO +2% (reports Q4 results), IMMR +7.8% (announces court-ordered payment from Sony), NYER +7.5% (reported DecQ results mid-day yesterday), PLAB +5.9% (beats by $0.06), ITRI +4.9% (reports Q4; First Albany upgrade), AQNT +4% (reports Q4), DHI +2.4%…. Under $3: AFOP +10%.
