We’re gapping down this morning so we may get some evening stars, as I mentioned last night, if the selling follows through. Heads up for the Philly Fed report at noon…
On Today’s Calendar:
- 10:00 — Leading Indicators
- 12:00 — Philadelphia Fed
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
On weak earnings/guidance: CC -10.1%, COT -6.5% (lowers FY07 outlook), MLHR -6.5%, KLAC -3% (expects fiscal first- quarter orders to be at the “bottom” of its forecast range), FDX -1.7%… Other news: BRCX -35.6% (reports preliminary results from a phase II clinical trial of Peramivir in subjects with Acute Influenza, the improvement was not statistically significant), SWIR -4.1% (announces binding bought deal common share offering), ARE -4% (announces 2 mln share follow on offering), VDSI -3.8% (downgraded to Underperform at RBC), OMTR -3.5% (downgraded to Market Perform at J.M.P.), AKAM -2.9% (downgraded to Sell at Kaufman).
Gapping Up
Gapping up on strong earnings/guidance: GS +1.9%, APOG +5.8%… Metal mining stocks trading higher on strength in metal prices/weaker dollar: DROOY +6.7%, GFI +4.0%, SLW +2.6%, GSS +2.5%, CDE +2.3%, NXG +2.2%… Other news: GNVC +9.9% (announces the publication of pre-clinical research demonstrating the selective delivery of TNF-alpha to tumors), BRLC +7.6% (appoints new Chief Financial Officer), SOLF +3.9% (provides mid-qtr update on operations), NDAQ +3.4% (Borse Dubai purchases 28% stake in LSE from NASDAQ), CREE +3.6% (stock was highlighted on CNBC’s Fast Money; noted call buying and GE-for-CREE rumor), MOT +1.4% (upgraded to Outperform at Cowen), CROX +1.0% (tgt upped to $68 at Piper).
Disclaimer & How I use this list
