We’ve got another slightly higher open on our hands as the S&P probes that old all-time closing high for the third day in a row. 3 is the magic number so maybe the bulls will seal the deal today.
On Today’s Calendar:
- 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: ADI -8.5%, DDS -3.1%, GME -1.7%… Other news: NFLD -44.5% (reports results of its pivotal Phase III trauma trial with PolyHeme), ISIL -4.2% (downgraded at Credit Suisse), LLTC -2.3% (ITC Judge Rules in favor of AATI in patent infringement case, downgraded at Credit Suisse), NWEC -1.8% I(Bloomberg.com reports that Babcock Infrastructure may appeal NorthWestern ruling).
Gapping Up
Gapping up on strong earnings/guidance: SNDA +5.3%, MDT +4.6%… M&A: SRR +32.3% (to be acquired by PSS for $20.50 per share), CEI +4.8% (to be acquired by Morgan Stanley Real Estate for $22.80 per share), AL +3.5% (AL board recommends that shareholders reject AA offer, says co is in talks with other companies)… Other news: CYPB +104.7% (co and FRX announced positive Phase III data for milnacipran), AATI +18.0% (announces ITC ruling in favor of co in LLTC case), ZVUE +9.3% (begins offering free streaming content from Canadian Broadcasting), FRX +9.3% (announced positive Phase III data for milnacipran), MMR +7.9% (announces it will move forward aggressively at Mt. Kare), ONT +7.0% (named as a ADBE takeout tgt by FT’s Mergermarket), ZOLT +3.7% (reports new expanded carbon fiber supply agreement with Vestas Wind Systems), ALU +3.5% (follow through on strength overseas on positive outlook), WFR +3.2% (to replace KMI in S&P 500), GOOG +1.5% (unveils its new service Google Hot Trends, which can track search queries; we’re still checking around).
Disclaimer & How I use this list
