The market’s holding on to yesterday’s gains and is set for a basically flat open. Options expiration is tomorrow so we may start to see some pinning…
On Today’s Calendar:
- 12:00 PM — Philadelphia Fed
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: IAAC -14%, BIDU -12% (also multiple downgrades, including Citigroup to Sell), TWLL -10%, ESLR -6.6%, RNWK -6.6% (also multiple downgrades, including Soleil and OpCo to Sell), ELOS -5.1%, BHI -4.5%, ABB -4.1%, PLAB -3.7%, HPY -2.2%, NTAP -1.2%… Other News: AMR -2.4% (Goldman downgrade), EFX -2.3% (to acquire TALX), ENER -2.2%, VNT -2% (Venezuela govt says it wants at least 60% stake in VNT – Reuters), UBS -1.9%.
Gapping Up
Gapping up on strong earnings/guidance: NTRI +15% (up in symapthy: MED +6%), TSL +9.2%, AQNT +7.3%, AVCI +6.1%, GES +5.8%, TSCM +5.8%, MRH +5.7%, NSTC +5.7%, SFD +4.6% (guidance only), TEX +4%… Other News: TALX +8.3% (to be acquired by Equifax), BSM +14%, ARBA +4.2% (extends recent momentum, +25% in 3 weeks), LMRA +4.1%, MEDI +4.8% (co says new version of FluMist is better than flu shots for older babies), JBLU +3% (Goldman upgrade), BUD +3% (Brazil newspaper says co may merge with Belgium’s InBev – Reuters), BRCM +2.8% (Morgan Stanley maing positive comments), CAT +2.5% (announces $7.5 bln stock buyback plan), QCOM +2% (OpCo upgrade)… Under $3: ZANE +15% (provides guidance).
Disclaimer & How I use this list
