On Today’s Calendar:
- 10:00 — Construction Spending
- 10:00 — ISM Index
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. Also be sure to check my typical swing trade entry & exit rules.
Potential day trades:
(From Briefing.com)
Gapping Down
In reaction to disappointing earnings/guidance: TOMO -43.2% (also downgraded to Neutral at Robert W. Baird and downgraded to Neutral from Buy Piper Jaffray), PAET -23.6% (light volume), NANO -17.6% (light volume), HNSN -12.8% (also downgraded to Neutral at Merriman), BOOM -10.7%, IMMR -9.6%, NT -7.1%, OSK -6.9%, VCLK -6.3%, NXG -5.4%, GFI -5.4%, STO -5.1%, NYX -4.9%, MIL -3.3%, CHK -3.3%, CLUB -3.1% (also downgraded to Hold from Buy at BB&T), ATVI -2.0%… Select metals/mining stocks showing weakness: RTP -3.7% (China should reject BHP bid for Rio, Steelmakers say – Bloomberg.com), HMY -3.7%, GOLD -3.3%, ACH -2.8%, BBL -2.8%, BHP -2.7% (China should reject BHP bid for Rio, Steelmakers say – Bloomberg.com), AU -2.5%, AUY -2.2%, MT -1.1%… Other news: ELN -47.4% (notified BIIB that relevant regulatory agencies of two confirmed cases of progressive multifocal leukoencephalopathy), MRNA -28.0% (announces phase 2 trial of PYY(3-36) does not meet weight loss endpoint), BIIB -22.6% (disclose 2 cases of PML in patients taking Tysabri; 2 multiple sclerosis patients develop complications), SGP -8.1% (announces they FDA has issued a “not-approvable” letter for sugammadex sodium injection), GM -7.0% (CEO Rick Wagner, on CNBC, says hopefully this is the worst its gets for GM), EPR -1.9% (announces it has agreed to sell 1.9 mln of its common shares)… Analyst comments: MNST -5.8% (downgraded to Neutral from Overweight at J.P Morgan), ENTG -5.2% (downgraded to Neutral at Merrill), RNR -1.4% (downgraded to Equal Weight at Morgan Stanley).
Gapping Up
In reaction to strong earnings/guidance: THOR +22.6% (also upgraded to Buy from Hold at Natixis Bleichroeder), BYD +21.2%, SWIM +19.6%, SCOR +12.4%, PAR +11.1%, TSYS +10.9% (light volume), CNXT +10.9%, GXDX +10.6%, VPRT +9.4%, VSEC +8.1% (light volume), SMG +7.8%, CHRD +5.6% (light volume), PEET +5.2%, GPRO +5.0%, JAVA +3.5%, USMO +3.4%, IR +2.8%, MPWR +2.4%… M&A news: ANR +6.8% (MT considers counter-bid for Alpha – Financial Times)… Other news: IDCC +18.5% (announces that the co prevailed against Samsung in ICC arbitration; confirms second Circuit reverses injunction preventing co from proceeding against Nokia), INCY +5.3% (announces pricing of public offering of 10,500,000 shares of common stock at $9.00), ASTI +4.8% (still checking), MTZ +3.6% (Cramer makes positive comments on MadMoney), RBS +3.3% (still checking), VOD +2.0% (still checking), OC +1.9% (Cramer makes positive comments on MadMoney), PFE +1.8% (still checking), TRN +1.8% (Cramer makes positive comments on MadMoney)… Analyst comments: MOT +2.8% (upgraded to Neutral at Piper), RFMD +2.8% (upgraded to Buy at UBS), AKAM +1.5% (upgraded to Neutral at Goldman – DJ).
Disclaimer & How I use this list
