We’ve got a little bit of strength in the pre-market but I suspect things will be relatively quiet until the 2:00 FOMC minutes release. Guard your wallets!
On Today’s Calendar:
- 2:00 — FOMC Minutes
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: PLCE -15.1%, TMA -10% (revises estimates on asset sales and related losses announced in August), MCHP -6.3% (also downgraded to Neutral at Merrill and AmTech), JCI -2.8%, S -1.6% (guidance, announced departure of CEO) … Other news: VG -7.8% (profit taking following yesterday’s 65% run on S settlement news), GOLD -3% (downgraded to Neutral at HSBC), COGN -2.9% (downgraded to Hold at Jefferies and Roth, downgraded to Neutral at tier 1 firm), JBLU -2.7% (downgraded to neutral at tier 1 firm).
Gapping Up
Gapping up on strong earnings/guidance: LDK +13.7% (raises Q3 revenue guidance above consensus; says no merit to allegations), YUM +5.8%, MOS +4.3%… M&A: MNG +19.2% (to be acquired by Newmont for C$6.25 per share)… China-related momentum continues: STV +23.5% (China IPO continues to run; Cramer made positive comments last night — see 8:29 comment for details), YTEC +12.7% (announces risk management consulting and implementation contract wins), RCH +11.7%, CHNR +7.5%, CSUN +6.2%, ATS +6.0%, KUN +5.3%… Other news: HOKU +17.2% (announces TCS engineering contract for Hoku Materials’ polysilicon plant), WGO +10.9% (upgraded to Outperform at RBC), VCLK +9.3% (Cramer says VCLK is the next co to be acquired), ALTI +8.1% (co and AVAV announced successful demonstration of an all-electric delivery vehicle), JAKK +6.6% (positive Cramer comments), MSFT +1.1% (estimates raised at Goldman – Bloomberg).
Disclaimer & How I use this list
