Watchlist for November 4, 2008

I just got back from voting. It *only* took 45 minutes. I wasn’t expecting the 3 & 4 hours people were reporting for early voting but I didn’t think I’d be back at home in time for the market to open. I had planned on this being a wasted day for trading and figured I’d just use the rest of the day after voting to take care of some errands. Given the gap up and what I think will be another light volume session I am going to go handle other business today.

On Today’s Calendar:

• 10:00 — Factory Orders

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: HNT -21.2%, KNXA -16.1% (light volume; also downgraded to Hold at Jefferies and downgraded to Hold at Brean Murray) SNHY -14.7%, HLF -12.3%, GHM -9.3%, PBI -8.4%, OTTR -8.3%, THC -7.7%, MVL -7.7%, PPL -7.5% (light volume), ADSK -3.8%, RACK -3.0%, FMS -2.5%, OTEX -1.9%, VNO -1.4%… Other news: FCSX -21.9% (expects to incur up to a $25 million pre-tax bad debt provision for the first quarter of fiscal 2009; also downgraded to Neutral from Buy at Banc of America Sec), RBS -14.0% (sees more writedowns, eyes 2010 dividend restart – Reuters).

Gapping Up

In reaction to strong earnings/guidance: AFN +41.2%, AKRX +30.2%, ADM +14.6%, STEM +11.5%, MA +11.2%, WATG +11.1%, MRVL +6.7% (also upgraded to Buy at AmTech Research), IPHS +3.0%, DNR +2.2%, APC +2.0%… Select financial stocks trading higher: CIT +12.8%, AIG +11.7%, HIG +10.6%, AEG +8.6%, ING +8.2%, ABK +7.5%, DB +6.5%, GS +3.3%, C +2.6%, MS +2.3%, BAC +1.9%, JPM +1.8%, WFC +1.2%… Select solar names showing strength: ESLR +27.9%, SOLF +12.6%, YGE +11.8%, TSL +8.5%, SOL +8.1%, LDK +7.8%, JASO +7.1%, CSIQ +6.4%, FSLR +3.5%… Select metals/mining names showing strength with higher spot prices: MT +6.2%, AUY +4.9%, AAUK +4.1%, GOLD +3.9%, GLD +2.9%… Select oil/gas related names showing strength with crude higher: RDS.A +5.5%, BP +3.2%, PBR +2.8%, TOT +2.3%, XOM +1.6%,… Select agriculture related names trading higher boosted by ADM results: TRA +7.9% (upgraded to Buy at Citigroup), BG +7.0%, AGU +6.0% (upgraded to Buy at Citigroup), MOS +5.9%, CF +4.1% (upgraded to Buy at Citigroup), POT +3.6%, MON +3.4%… Select drybulk shippers showing strength: FRO +10.9%, DRYS +7.1%, TBSI +2.3%… Other news: OSIR +16.1% (Osiris Therapeutics and Genzyme to develop and commercialize first-in-class adult stem cell products; Genzyme will make an up-front payment of $130 mln to Osiris), AMLN +10.8% (Eastbourne Capital Management discloses intent to have discussions with mgmt including a possible acquisition in amended 13D filing), S +8.7% and NOK +5.2% (still checking), ASML +5.0% (still checking), SI +5.0% (still checking), V +4.4% and AXP +4.0% (up in sympathy with MA), GOOG +2.2% (Yahoo, Google sent Justice Dept revised search-advertising agreement, according to sources – WSJ)… Analyst comments: OMX +6.3% (upgraded to Outperform at Friedman Billings), AMR +1.9% (initiated with Buy at Jesup and Lamont), LCC +1.7% (initiated with Buy at Jesup and Lamont), YHOO +1.6% (upgraded to Buy at Collins Stewart), DAL +1.1% (initiated with Buy at Jesup and Lamont).

Disclaimer & How I use this list