The number of earnings announcements really picks up this week so there should be a lot of action. I’m always concerned when the market rallies into earnings season since that typically means that expectations are high. If we do get some selling I’ll be looking for 2100 on the Nasdaq to hold as support. Let the games begin…
Potential swing trades:
Longs – None until August (after the earnings flood)
Shorts – None until August (after the earnings flood)
Potential day trades:
(From Briefing.com)
Gapping Down
PLUM -19% (guides lower, launches internal probe), MYL -6% (tenderer may be Carl Icahn – WSJ), JMDT -5%, MNTA -4% (files to offer 4 mln shares), C -2.2% (reports Q2, misses by $0.04), KLAC -1.7% (First Albany downgrade), GDT -1.7% (warns of potential defect in pacemaker).
Gapping Up
GERN +19% (announces collaboration and license agreement with Merck), MYG +9% (receives WHR offer), CAFE +17% (momentum continues; CAFEW +29%), BDCO +28% (enters into new pipeline transportation agreement), BOSC +17% (to sell its PrintBOS biz), ARQL +7% (announces publication of clinical data), VPHM +7% (target raised to $15 from $7 at Piper), CYBX +5.4% (gets FDA approval for VNS Therapy System), OTIV +5% (receives certification from Visa USA), HAS +3.4% (reports Q2; beats by $0.05)…. Under $3: SYNX +62%.
Intraday Updates:
- 09:13
