We’ve got a little give-back this morning as people take profits from yesterday and brace themselves for more bailout voting tonight.
On Today’s Calendar:
- 10:00 — Construction Spending
- 10:00 — ISM Index
- 10:35 — Crude Inventories
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: XRTX -5.1% (also downgraded to Sell at Calyon and downgraded to Buy at Needham)… Select financial related stocks showing weakness: WB -5.7%, AEG -5.1%, DB -3.6%, UBS -3.4%… Other news: BSX -7.3% (announces patent judgement; judge awarded JNJ damages in the amount of $406,670,987 and pre-judgment interest in the amount of $296,140,867), FCFS -1.7% (to discontinue Auto Master operations; associated with this decision, a non-cash charge of up to ~$1.75 per share will be reported in Q3)… Analyst comments: IR -3.8% (downgraded to Hold from Buy at Citigroup).
Gapping Up
In reaction to strong earnings/guidance: LNDC +1.5%… Select solar stocks ticking higher with reports that the Senate’s version of bailout plan includes $17 bln in tax credits for alternative energy, including solar: SOLF +3.6%, YGE +3.4%, CSIQ +2.4%, ESLR +2.4%, FSLR +1.5%… Other news: FRPT +26.5% (files outstanding SEC documents; reports significantly improved profitability for first half of fiscal 2008), TMA +24.6% (announces revised consideration for and further extension of the exchange offer; and the termination of the escrow), AGM +22.0% (raises $65 mln in capital through the issuance of senior preferred shares and appoints Michael Gerber as acting President and CEO), NCC +17.1% (still checking for anything specific), LYG +12.7% (Bloomberg.com reports Brown expresses confidence in deal between LYG and HBOS), RTP +5.0% (Australia’s ACCC won’t oppose BHP bid for Rio – WSJ), GOOG +3.4% (Nasdaq cancels “erroneous” trades in last-second sell-off), BHP +2.0% (Australia’s ACCC won’t oppose BHP bid for Rio – WSJ), MWIV +1.8% (will replace Photon Dynamics in the S&P SmallCap 600 after the close of trading on October 2).
Disclaimer & How I use this list
