Watchlist for November 2, 2006

Well, that was quick — the Dow is gapping past 12,000 this morning. Should be an interesting day.

I’m off to North Carolina this afternoon. I doubt they’ll let me live-blog from the seminar so look for regular posting to resume on Monday.

On Today’s Calendar:

• 10:00 AM — Factory Orders

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: CSCX -16%, DXPE -14%, TFSM -13%, ENTG -12%, SCUR -12%, SMSI -6.7% (also Miller Johnson downgrade), PWEI -7.2%, STN -5.8%, BOOM -7%, ACLS -4.8%, HSIC -4%, KYPH -3%, INSP -2.8%, ITRI -2.7% (also RBC downgrade), RUTH -2.4%, FIC -1.2%… Other News: OCNW -18% (prices follow-on offering well below current price), EXEL -11% (suspends enrollment in Phase 2 trial), UTSI -8.3% (Merrill downgrades to Sell), CELG -3.7% (to issue 20 mln shares due to joining the S&P 500), LSTR -1.8% (Bear Stearns downgrade), INTC -1.6% (Merrill downgrade), MA -1.3% (Morgan Stanley downgrade)… Retailers decline on weak Oct same store sales/guidance: CHS -10%, ANF -3.5%, AEOS -2%, COST -1.9%, WMT -1.4%, TGT -1.2%… Under $3: ANSR -23% (delays Q3 report, finds $2 mln misappropriation).

Gapping Up

Gapping up on strong earnings/guidance: CTRX +19%, WCG +10%, GES +9.4%, GMRK +8.6%, TSRA +7.2%, PDGI +7%, TKLC +6.8% (also Morgan Joseph upgrade), ALVR +6.4%, KNXA +6.4%; VPHM +6.3%, PLXS +5.2% (also Baird upgrade), IIJI +4.8% (guidance only), ANDE +3.3%, ICE +2.9%, VCLK +2.3%, DIOD +2%, RIG +1.8%… Other News: CLK +30% (to be acquired), LNCR +9% (positve CMS ruling for home health and respiratory providers; also Citigroup upgrade), HSOA +9% (enters into new credit facility, makes acquisition), EFUT +8.3% (recent IPO extends momentum this week), CTRN +7.2% (Oct same store sales), BMET +4.4% (in talks to merge with SNN), GYMB +4.2% (Oct sales), BOBJ +1.8% (forms alliance with IBM), DELL +1.2% (Goldman upgrade), AAPL +1%… Under $3: XOMA +18% (announces collaboration with Takeda), NGEN +8% (reports Q3).

Disclaimer & How I use this list