I’m gonna do my normal thing and take off expiration Thursday & Friday. If you’re trading today don’t forget that Big Ben is speaking at 10 and that the Philly Fed hits at noon.
On Today’s Calendar:
- 10:30 — Nat Gas Inventories
- 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
In reaction to weak earnings/guidance: LOGI -6.2%, FHN -5.3%, PBKS -3.5%, CMA -3.0%, IGT -2.8%, HBAN -2.7%, MER -2.5%, PNC -2.4%, AEE -2.1%, NVS -1.9%, CLC -1.3%… Select agriculture stocks showing continued weakness: AGU -1.4%, TRA -1.4%, MOS -1.3%… Other news: ABK -15.2% (ratings being reviewed by Moody’s for possible downgrade), MBI -10.4% (down in sympathy with ABK), ARO -4.3% (discloses that the SEC has issued a formal order of investigation), SPR -1.1% (assesses impact of 787 schedule shift), AAUK -1.3% (in talks over $5.5 bln stake in MMX iron ore assets – DJ)… Analyst downgrades: MSTR -5.2% (downgraded to Neutral from Buy at Suntrust), SPWR -4.0% (downgraded to Neutral at Credit Suisse), CAS -2.8% (downgraded to Hold from Buy at Keybanc), HOG -2.3% (downgraded to Sell at Citigroup), MFE -1.6% (downgraded to Neutral at UBS), DAI -1.5% (downgraded to Mkt Perform at Bernstein), JSDA -1.4% (downgraded to Neutral at Piper), ADBE -1.1% (downgraded to Neutral at UBS).
Gapping Up
In reaction to strong earnings/guidance: COSI + 8.5%, LDK + 5.1% (also discloses ten-year contract to supply multicrystalline solar wafers to Neo Solar Power), CAL + 3.9%, BBT + 3.6%, PH + 3.5% (also awarded $2 bln fuel package and hydraulic system for new airbus A350 XWB aircraft), AMTD + 2.2%, BGG + 1.9%, ELY + 1.8% (also upgraded to Outperform from Market Perform at Wachovia), NRP + 1.8%, GKK + 1.7%, KMP + 1.2%, APH + 1.2%, CTBK + 1.1%… Other news: WCI +18.9% (announces completion of amendment to revolving credit facility and term loan), JAVA +9.5% (still checking), FRPT +7.5% (receives $74 mln integrated logistics support contract from U.S. Marine Corps), CHINA +7.3% (subsidiary CDC Software expects record revenue for 4Q07), BEXP +6.2% (announces 3 Bakken discoveries and acreage growth), ADCT +3.5% (Cramer makes positive comments on MadMoney), CHL +3.5% (China Tietong will not be merged into CHL, according to rumor – Pacific Epoch), HMSY +2.5% (will replace MOGN in the S&P SmallCap 600 on 1/22), SD +1.5% (increases cap budget to $1.25 bln, raises production guidance to 95 Bcfe), MO +1.4% (Tobacco sector upgraded to Overweight at Credit Suisse, also Cramer makes positive comments on MadMoney), ADS +1.3% (announce that it has signed multi-year agreements with Sharper Image)… Analyst upgrades: ZQK +5.1% (upgraded to Outperform from Market Perform at Morgan Keegan), COGO +4.2% (upgraded to Strong Buy at Needham), TIBX +3.9% (upgraded to Buy at Citigroup), BRP +3.4% (Hearing upgraded to buy form neutral at tier 1 firm), MPEL +3.0% (upgraded to Buy at UBS), HITK +2.8% (upgraded to Buy from Neutral at FTN Midwest), EBAY +2.5% (upgraded to Outperform at Bear Sterns), TSO +2.4% (upgraded to Outperform from Market Perform at BMO Capital), CDE +2.2% (upgraded to Outperform at CIBC), BSX +2.1% (upgraded to Overweight at Morgan Stanley), NMX +1.9% (upgraded to Outperform at BMO), RIG +1.5% (upgraded to Buy at Calyon), MLNM +1.5% (upgraded to Neutral at JPMorgan), TSP +1.5% (Hearing upgraded to buy form neutral at tier 1 firm), EXAR +1.4% (initiated with Buy at B. Riley), SLB +1.3% (upgraded to Buy at Calyon), ACV +1.0% (upgraded to Buy at Citigroup).
Disclaimer & How I use this list
