It’s Fed day and that means no trading for me. In fact, I won’t be trading until the second week of July. With the 4th of July in the middle of next week it’s sure to be a slow, low volume week. That’s just the kind of week I’d love to avoid — so I shall. Look for regular posting (watchlists and daily recaps) to resume around July 9th. I do have some book reviews and a few other things to publish so look for those over the coming days. Or, as always, you could just subscribe and they’ll come to you.
On Today’s Calendar:
- 10:00 — Help-Wanted Index
- 2:15 — FOMC policy statement
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: DRIV -13.9%, LSI -7.3%, SMOD -5.9%, BBBY -4.4%, NVLS -2.9% (LRCX -2.0%, AMAT -1.7% down in sympathy), RHT -2.8%, KBH -2.3%… Other news: MNTA -14.0% (believes completion of review of ANDA for M-Enoxaparin will likely extend beyond its prior guidance of 18-24 months), BZH -4.2% (disclosed termination of Accounting Officer due to “violations of ethics policy”), AUY -3.2% (announces agreement with NTO and proposal to MDG), ESC -2.8% (prices an 11 mln share common stock offering at $31/share).
Gapping Up
Gapping up on strong earnings/guidance: RAD +5.4%… M&A: MDG +15.7%, NTO +10.1% (AUY and NTO announced that they have entered into a business combination agreement and a concurrent proposal has been made to MDG with respect to the combination of the three cos)… Other news: CRYO +96.9% (FDA Advisory Panel recommends approval of CRYO’s PMA), BBW +12.0% (retained Lehman Brothers to explore potential strategic alternatives), AMSC +7.5% (wins two new Dept of Energy superconductor power grid projects), IMMR +6.6% (positive newsletter mention), DNDN +5.4% (continued momentum from yesterday’s late-day strength), DDS +4.9% (3.2% holder Barington Capital seeks to maximize shareholder value), ONT +4.0% (announced that its Flix Engine 3GPP products will be used to provide mobile video support to TF1′s WAT.tv service), IMOS +4.0% (Merriman notes that the UTAC private equity takeover multiple implies more than a double for IMOS), TASR +4.0% (receives order from Riverside county, forms strategic alliance with iRobot), AMR +3.1% (upgraded to Overweight at JP Morgan), COF +2.8% (upgraded to Outperform at Friedman Billings), XMSR +2.8% (TheDeal.com reports the FCC was reexamining the rule that poses a big roadblock to the planned XMSR/SIRI merger).
Disclaimer & How I use this list
