Watchlist for July 19, 2005

There are a lot of movers this morning as earnings season is kicking into full gear. The Dow is set to regain most of yesterday’s losses on the open and the QQQQ is trading above yesterday’s highs. I guess this is why they say never short a dull market — and yesterday was as dull as dull can be.

As an aside, CAFE just won’t quit, it’s up another 12% in the pre-market. If I coulda, woulda, shoulda…

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

Gapping down on disappointing earnings/guidance: TZOO -8.4%, AVP -8.7% (also Fulcrum downgrade), FARO -7%, ICBC -3.6%, SNY -2.9%, STT -2.7%, FRX -1.8%, Other News: ALGN -13%, VIAC -4.7%, PSUN -2.4% (CSFB downgrade), AZN -2.1%, CUK -1.4%… Under $3: AGCC -40% (expects covenant default following disappointing financial results), ABRX -36% (files for bankruptcy).
Gapping Up

Gapping up on strong earnings/guidance: IBM +4.3% (also First Albany upgrade), DESC +26%, SHOO +21%, TIE +7%, FILE +5.5%, CHKP +5.4% (also UBS upgrade), CDWC +5%, IUSA +4.4%, XTO +4%, SEPR +3.9%, MER +2.4%, F +1.7%… Other News: IP +13% (to restructure operations, businesses may be sold), CPTS +22% (receives FDA approval), SPIR +17% (receives solar order), BWNG +16% (announces will make payment to debt holders), SPPI +13% (started with a Strong Buy at First Albany; tgt $8), CAFE +9.4% (continued momentum), ISON +6% (launches initiative to win Homeland Security contracts), WPCS +6% (wins new contracts), CAT +3.3% (Mad Money mention), ORCT +3.2% (bounces after 9% drop yesterday), SNDK +2.5% (Bear Stearns upgrade)… Under $3: CNLG +35% (announces orders), GENR +5%.