QQQQ is gapping up right to its January high. I guess we’ll get either a top-top (Ed: I guess that was Freudian for “double-top” :d ) or a breakout here. Place your bets…
There’s another interesting merger reaction today. Whole Foods (WFMI) is actually trading higher after buying Wild Oats (OATS). I’ll have to keep an eye on WFMI, which is gapping over its 50-day moving average.
And speaking of that other merger, check out Howard driving around New York terrorizing asking for people’s thoughts on the XM / Sirius merger on today’s Wallstrip.
On Today’s Calendar:
- 10:00 — Help-Wanted Index
- 10:30 — Crude Inventories
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 weak earnings/guidance: PGTI -14.2% (also downgraded to Hold at Deutsche), KSWS -13.9%, OII -7.0%, RUTH -5.9%, PDCO -6.7%, EMAG -2.5%, CRM -5.8% (also downgraded to Hold at Hambrecht), ANF -2.5%, PDLI -2.5%… Other news: JUPM -5.3% (confirms it is in discussions with GYI regarding potential sale of co in a cash transaction valued at $9.60/share… JUPM closed at 10.07 last night), GMKT -2.7% (Korean Fair Trade Commission requests documents), SNDK -2.3% (downgraded to Hold at Hambrecht), NRGY -1.9% (increases public offering to 3 mln common units).
Gapping Up
Gapping up on strong earnings/guidance: VCLK +8.6% (also numerous analyst actions), BRKR +8.8%, WFMI +7.8% (also acquires OATS), ADI +7.2% (up in sympathy LLTC +4.9%, NSM +4.1%, MXIM +3.6%), OSIP +5.0%, FBR +4.2%… M&A: OATS +16.7% (to be acquired by WFMI), MOCC +10.8% (Renova Media to acquire equity interest in MOCC it does not currently own)… Other news: LEXG +10.0% (upgraded to Outperform at Piper), GMR +7.3% (announces $15/share special dividend, also reports Q4 results), CPSL +5.6% (completes private placement), PTT +4.2% (momentum).
Disclaimer & How I use this list
