We’ve got more strength this morning as the market’s follow through on yesterday’s rally. One mover of note is Google, which has popped back over $500 and appears to be heading for its all-time high of $513.
On Today’s Calendar:
- 9:45 — Chicago PMI
- 10:00 — Construction Spending
- 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: OPTM -10.6%, LGF -3.1%, SHLD -2.9%, COST -1.5%… Other news: OMR -8.1% (Bloomberg reports co is being sued by Spain over rights to shipwreck), VCLK -4.3% (appointed Tom Vadnais CEO, multiple brokers out this morning saying mgmt change decreases likelihood of acquisition), NOVC -2.2% (profit taking after yesterday’s move, downgraded to Peer Perform at Bear stearns), WLP (announces resignation of CFO following violation of co’s code of conduct).
Gapping Up
Gapping up on strong earnings/guidance: SMTC +10.2%, CIEN +7.1%, BIG +3.9%… M&A: AGE +14.3% (to be acquired by WB for $89.50 per AGE share), CEN +3.8% (to be acquired by Thomas H. Lee Partners and Fidelity National Financial for $36.00 per share)… Other news: CRTX +53.3% (FDA approves it’s twice-daily Zyflo CR extended-release tablets for asthma), AVNR +23.3% (receives FDA approval for new formulation of currently marketed antipsychotic drug FazaClo), ENCY +18.9% (Canadian Health authority approves Thelin), USAT +18.9% (discloses deal with Coca-Cola Enterprises in an 8-K), JAS +9.3% (TheDeal.com reports JAS is on the auction block), ASML +7.9% (announces plan to optimize capital structure — capital repayment and reverse stock split), CYTR +7.8% (initiated with an $8.50 fair value at Natexis Bleichroeder), HOKU +7% (still checking around), ENDP +5.5% (will replace Precision Castparts in the S&P MidCap 400), IFX +3.5% (positive comments at tier-1 firm), LUX +3.4% (positive comments at tier-1 firm).
Disclaimer & How I use this list
