Potential swing trades:
Longs – GOOG, HTCH, OPWV, ZQK
Shorts – HUN
Potential day trades:
(From Briefing.com)
Gapping Down (potential shorts)
IIJI -25% (expects to terminate Japan offering, withdraws proposed Japanese listing), ADBE -5.4% (reports MayQ; down in sympathy: MACR -4.7%), ALKS -4.5%, MTLG -16% (guides lower; Raymond James downgrade), FUEL -4%, SCMR -3.7% (gets Nasdaq delisting notice for delaying 10-Q filing), CC -3.4% (reports MayQ; misses by $0.04), BIIB -2.9% (DNA to buy biologics manufacturing facility from BIIB), MCGC -2.4% (prices 4.5 mln offering at $16.50), AED -1.8% (suitor drops out – WSJ), CHTT -1.8% (reports MayQ), SHLD -1.6% (started with an Underweight at Morgan Stanley).
Gapping Up (potential longs)
KBH +6.8% (reports MayQ; Smith Barney upgrade, JMP Sec upgrade), NTMD +5.3% (wins backing of FDA panel for BiDil heart drug), HYTM +11% (started with Strong Buy and $14 target at First Albany), SCLN +10% (extends 88% move from June 1), ROYL +9% (successful gas drill), NYER +9% (extends recent momentum), CMRG +8% (highlighted in BWeek with $14 tgt), MNTA +7.6% (tgt upped to $27 from $13 at ThinkEquity), TOM +7% (hearing Merrill upgrade), ALTI +6.6% (started with a Buy at Maxim Group – DJ), PRZ +6% (being added to Russell 2000 and Russell 3000), GW +4.4% (extends recent momentum), UCL +4% (China National Offshore set to announce a counter-offer to trump CVX’s bid for UCL), GSOL +3.6%, COMS +3.6% (co may have just turned the corner – SG Cowen), CHCI +3.6% (in sympathy with KBH), PLMO +3.4%, FRO +2.4%…. Jim Cramer’s Mad Money Mentions on CNBC: MLNM +10%, SWKS +5.6%.
Intraday Updates:
- 09:56 Watching RNVS and PLMO
- 10:01 Watching VRTX
- 10:19 DSTI’s strong today
- 11:10 We’ve got a live one in OLGR
- 1:19 RACK just hit the scanner. A very recent IPO which just took out its all-time high
