My how things can change with a quickness, and I’m not just talking about CROX! Bad news from/about XOM, C, BAC and foreclosures has already wiped out all of yesterday’s gains on the S&P 500. It looks like there will be no breakout today.
On Today’s Calendar:
- 10:00 — ISM Index
- 10:00 — Pending Home Sales
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: CROX -27.8%, SMSI -20.5% (also downgraded at multiple firms), FTK -18.3%, RDN -14.2% (PMI -9.5% in sympathy), MTW -8.7%, SMG -8.4%, SGTL -7.8%, RATE -7%, REDF -7.0%, FMC -7.5%, GLBL -5.6%… Other News: VNDA -17.3% (announces proposed $100 mln convertible senior notes offering), CPSL -11% (announces $47.9 mln financing), BTU -6.6% (completes spin-off of Patriot Coal), HYTM -8.2% (Prometa treatment not statistically significant in reduction of self-reported meth use), CCJ -6.4% (receives request to discuss Russian agreement), C -6.0% (downgraded to Underperform at Citigroup & Credit Suisse)
Gapping Up
Gapping up: On strong earnings/guidance: UTHR +24.2%, PLXS +18.6%, ITWO +17.3%, UNM +10.4%, DVR +9.6%, CYNO +7.9%, PRGO +7.6%, WRLS +6.7%, RRST +5.7%, UL +3.3%… Other news: DVAX +25.0% (co and Merck announce partnership to develop HEPLISAV, an investigational hepatitis B vaccine currently in Phase 3), HYTM +9.6% (Prometa treatment demonstrates statistically signifcant reduction in meth cravings in double blind study), NBIX +8.0% (co and Dainippon Sumitomo Pharma announce agreement to develop and commercialize Indiplon in Japan; co to receive an initial payment of $20 mln, additional $10 mln pmt), CDS +7.7% (completes initial testing of new alternative energy production equipment).
Disclaimer & How I use this list
