Posted by 9 February 2007

Watchlist for February 9, 2007

Wow, it looks the stock of MasterCard Incorporated (MA) is “priceless” — the thing does nothing but go up. Who knew?

We’ve got a bit of strength this morning but the indices are still in the week-long range. Yawn…

If you wanted to see Oprah’s show on The Secret but missed it, I’ve added the video of the show to my post.

On Today’s Calendar:

  • nothing

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: SIMG -19% (also multiple downgrades), ENER -15% (also downgrades from Cowen and CIBC), OMTR -11%, CWTR -7% (guidance only), ZQK -7% (guidance only), GTW -7%, ASEI -6%, BMC -5.1%, UNTD -4.3%, SGMO -3.9%, DIVX -3.2%, ALU -3%, CW -2.9%, NAPS -2.2%… Other News: ACHN -50% (co ends development of a hep C treatment), NWACQ.PK -5.3% (US Air CEO says co has no plans to pursue Northwest at this time – AP), KOSN -4.3% (prices offering), SHFL -2.9% (ends gaming development pact with Elixir Group), CHIC -2.6%, JOYG -2.2% (Goldman initiates at Sell), SNY -1.9% (loses lawsuit re Lovenox), X -1.1% (downgrades from BofA and CIBC).

Gapping Up

Gapping up on strong earnings/guidance: MA +3.4%, TRT +23%, APLX +23% (also First Albany upgrade), ZONS +21%, SFLY +16%, LPSN +9.2% (also First Albany upgrade), JACO +7.3%, CHTR +11% (guidance only), DBTK +7.7%, AXCA +6%, OTEX +5.9%, WOLF +5% (guidance only), AIXD +4.4%, TQNT +4% (also Needham upgrade), BRCM +4% (also Needham raises tgt to $40)… Other News: CEGE +12% (profiled in BWeek Inside Wall St section), CPSL +8%, LI +8% (to be acquired), ZVUE +5.4% (co expects to be cash flow positive by year end), HANS +4.6% (announces on-premise distribution deal with BUD), F +4.2% (Deutsche upgrade), CHINA +4% (profiled in BWeek Inside Wall St section), MNTA +3.3% (SNY loses court case regarding generic Lovenox, SNY’s top-selling drug), GM +2.5% (Deutsche upgrade), SAP +1.8%.

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Comments

  1. Posted by Dan on February 9, 2007 at 9:57 am

    I think you jinxed it.

  2. Posted by Michael on February 9, 2007 at 9:58 am

    I was thinking the same thing! :d

  3. Posted by Scott on February 9, 2007 at 3:20 pm

    Wow, not only can I get expert market commentary and “best of the trading blogs” links, but Oprah!

    Looks like FIG had a nice opening day, too.

  4. Posted by Michael on February 9, 2007 at 3:23 pm

    I’m a Jack of all trades (no pun) and master of none!

    Yes, a great debut for FIG. I hate that my SHLD lost it’s earlier “tag along” pop though.

  5. Posted by russ miller on February 9, 2007 at 5:46 pm

    Do you think we head straight down again Monday or do we get a mild bounce>

    4 Distributions in 3 weeks has me blinking red.

  6. Posted by anon on February 9, 2007 at 5:52 pm

    MA – “priceless” – not really, IMHO.
    Have a good weekend, and thanks for your daily Briefings!

  7. Posted by Michael on February 9, 2007 at 6:17 pm

    Russ,

    My guess, given how the market has been, is be that we get a bounce. But who knows. Next week is options expiration so that may add some more fun to the mix.

    anon — yes, apparently not. MA bears can thank me for jinxing it this morning. You’re welcome for the briefings and thank you for reading.