Rising yields and Bear Stearns’ subprime woes are weighing on the futures this morning.
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 weak earnings/guidance: COGN -2.8%… Select mining stocks moving lowers after BHP, Xstrata ends force majeure on Newcastle coal: AAUK -2.0%, BHP -1.8%, RTP -1.5%… Other news: NUAN -4.3% (to acquire Tegic Communications), HOKU -3.8% (profit taking following yesterday’s 38% run), SIX -3.5% (ticking lower on light volume following reports of accident at Louisville park in which a girl’s legs were severed), ANF -3.1% (downgraded to Equal Weight at Lehman), CMG -2.1% (downgraded at JP Morgan), IFX -2.1% (downgraded to Neutral at Merrill).
Gapping Up
Gapping up on strong earnings/guidance: JBL +9.7%… M&A: TONS +11.8% (to be acquired by SHJ for $56 per share)… Other news: EFUT +6.4% (selected by Jusco as the provider of POS and customer relationship mgmt solutions), GRRF +4.3% (to supply coverage equipment for China Mobile’s Olympic WLAN network), TASR +4.8% (tgt raised to $20 from $13 at Jefferies), SIRF +3.5% (acquires Centrality Communications for approx $283 mln), CBLI +3.3% (profiled in Inside Wall Street in BusinessWeek Online), SIRI +3.2% (strength attributed to bullish commentary from tier-1 firm), NOVC +2.5% (co issues press release regarding its addition to Russell 3000 Index), ASML +2.4% (positive broker comments out of Europe regarding DRAM price recovery), EBAY +2.2% (NYT reports co is preparing to re-enter the China auction business), CROX +1.6% (upgraded to Buy at ThinkEquity).
Disclaimer & How I use this list
“You will run out of money before a guru runs out of indicators.” ~ Neal T. Weintraub
Or not.
My indicators had me short the Russell 2000 at the close on wed and had me cover and go long today at the close.