Obviously today's gonna be all about hurricane Katrina and oil. There are plenty of hurricane related movers on the Briefing.com list below.
On a related note, it looks like we're going to get a taste of Katrina here in Atlanta tonight and/or tomorrow. I'm a little concerned about the power going out so if you don't see any posts here tomorrow you'll know why...
Potential swing trades:
Longs - None
Shorts - None
Potential day trades:
(From Briefing.com)
Gapping Down
Casino stocks weak on Hurricane Katrina: ISLE -6.7%, BYD -3.1%, LVS -2.4%... Insurance stocks also weak: AIG -2.3%, ALL -1.8%... Other News: NWAC -6% (continued strike concerns), ELN -2.3%.
Gapping Up
Hurricane-related stock moving higher on Katrina hitting New Orleans: ABIX +26%, TAYD +15%, IPII +13%.... Small cap energy plays running on Katrina: BDCO +15%, NGAS +13%, FUEL +13%, ABLE +9.4%, CNR +9.3%, ROYL +8%, IVAN +8%, GW +6%, Large cap energy also moving: SU +7%, SII +7%, CHK +4.6%, PTF +4%, VLO +3.3%, BP +3.1%, HAL +3%, FRO +3%, COP +2.6%... Alternative energy/fuel cell stocks also moving in part on Katrina: CPST +15% (also First Albany upgrade; tgt $6), MCEL +13% (also awarded Phase II funding), ENER +3.5%... Other News: NXXI +49% (FDA approves claim), NDC +7.3% (to be acquired by PSTI), MUSE +6% (Deutsche upgrade; $9 tgt), JOYG +3% (to join S&P 400), HD +2.6% (hurricane), LOW +2% (same), BMHC +2.7% (same).
Disclaimer & How I use this list
Hey Mike,
Good luck with that storm,hunker down brother!I think I'll go fill my gas guzzler before oil hits $8o.. You nailed the katrina/oil factor that's what it's all about for the next few days.
Good trading to ya..
Thanks man... I filled up my gas tank yesterday for the same reason! :-) Great minds...