The indices are gapping down this morning. Let’s see if the weakness lasts more than a millisecond…
On Today’s Calendar:
- 9:50 AM — Mich Sentiment-Rev.
More Calendars: U.S. Earnings | Conf. Calls | Surprises | IPO | Economic
Potential swing trades:
See one of the recent ‘Chart Reading‘ posts for some potential swing candidates.
Potential day trades:
(From Briefing.com)
Gapping Down
Gapping down on disappointing earnings/guidance: NEXT -23%, RSYS -13% (also Merriman downgrade), SIMG -13%, IVGN -12% (also multiple downgrades), BLDR -12%, SWIR -10% (also RBC downgrade), HITT -10%, BSTE -8%, RVBD -6.3%, IR -6%, EXTR -5.8%, ISRG -5.7% (also Jefferies downgrade), MDRX -5.5%, DVAX -5.3%, WEBX -4.5%, PLAY -4.4%, ANEN -4%, PEIX -3.9%, AVID -3.1% (also downgrades from Kaufman and OpCo), ISIL -3.1%, ITMN -3.4%, DO -3.3%, SIGA -2.4%, AKAM -1.6%, GYMB -1% (also FBR downgrade)… Other News: ASPV -14% (Cellcept fails to meet clinical trial goals), LMRA -4.8% (extends yesterday’s 8% drop), NKTR -3.5% (Morgan Stanley downgrade)… Under $3: COR -32% (Rodman & Renshaw downgrade).
Gapping Up
Gapping up on strong earnings/guidance: VRTX +26% (also announces clinical data), EICU +23%, NTGR +14% (also UBS raises tgt to $32), SIMO +10%, COHU +10%, VLCM +9.1%, MFE +8.1%, DECK +7.2% (also Cowen upgrade), ARDI +6% (also First Albany upgrade), SPRT +6% (also Miller Johnson upgrade), DRIV +5.7%, SOHU +5.2%, IKAN +4.7%, LPNT +4.6%, MCRL +4%, MEE +3.7%, MSTR +3.4%, UCBH +2.7%, CHK +2%, STR +1.7%, SCHW +1.1%… Other News: RNVS +4.1% (bounces after 76% drop yesterday), RHAT +2.6% (CEO appears on CNBC), BWLD +2.4% (RBC upgrade), TELN +2.4% (being acquired by Apax Partners), THI +1.6% (Goldman upgrade).
Disclaimer & How I use this list
