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
ADEX -10.4% (reports AprQ, guides lower), ZION -4% (to merge with ABNK -3.2%), BDCO -14% (profit taking after 13% move yesterday), VPHM -3% (to convert debt into stock), CARS -2.4%, EXBD -2% (CSFB downgrade), TWAV -7.4% (receives going concern opinion), ELOS -1.7%.
Gapping Up
LWAY +15% (reports Q2 sales up 27%), ULBI +9.4% (awarded contracts from General Motors), SERO +7.7% (BofA upgrade), NAPS +4% (teams with Dell to offer music downloads on college campuses), STEM +6% (grants license to ReNeuron), CTTY +5.7% (extends 23% move yesterday), SBAC +5.7% (Bear Stearns upgrade), IPII +5.3%, ABRX +4.6% (bounces after 13% drop yesterday), TELK +3.7% (positive Phase 2 data), FILE +3%… Small cap energy momentum stocks are moving: MPET +9%, GEOI +3%… Under $3: LOUD +17% (teams with Exabre for media recommendation technology), ENMD +15% (clinical data), XCYT +10% (to evaluate strategic alternatives), VLGC +5% (announces multi-year service agreement with Schering-Plough).
Intraday Updates:
- 09:43 PLMO is showing a lot of strength early.
- 09:47 Rumors about GOOG buying TIVO are floating around according to Briefing.com.
- 09:50 GNTX just hit the scanner.
- 10:33 Watching NFLD, AIRN and ZOLL as potential shorts
- 11:00 the scanner just picked up BOOM
- 11:53 LIOX is trying to breakout above last week’s range
- 11:55 MNTA’s moving higher
- 12:02 GOAM is surging
