It's relatively quiet this morning. The futures are just a bit above fair value and there are less gappers than we've had the last several days. (And AAPL is selling off again!) A couple of Cramer's Mad Money mentions from Friday are toward the top of the % gainers list this monring. Isn't that just silly?
Anyway, I'm taking tomorrow off, as I always do for Fed decision days. Unless I see some very compelling movers early in today's session I'll be taking today off as well.
Hmm, Maybe GOOG will make me hang around. I want to see how it reacts to this, which I just saw on Briefing.com:
According to the NY Post, Google's long-simmering click-fraud problem could explode into a billion-dollar headache for the Web giant, some Web marketing experts are warning. In fact, a growing number of Google-watchers claim the search giant is ignoring the click-fraud issue because it's so large. Click-fraud happens when surfers click on Goggle advertisers with no desire to get to the advertiser's site. Knowing Google charges advertisers based on how many surfers click on their ads, the fraudsters click on the ads simply to drive up the advertiser's costs. The fraud also falsely inflated Google's revenues. The estimates on the Street, if even close to being true, could rock the stock market darling, set to announce fourth-quarter results Tuesday. "If Google were to implement a method for stopping click fraud today, it would lose 30 percent of its revenue overnight," said Joseph Holcomb, a search marketing expert. Holcomb estimates that almost one-third of all clicks on Google's network are suspect, thanks to sophisticated software programs known as "click bots" or "hit bots" that mimic human activity and fool search engines into believing the clicks are legit. With Google set to report about $6 billion in annual revenue, Holcomb's estimate would put $2 billion in top-line revenue at risk. Google denies the problem is that large.
Potential swing trades:
See one of the recent 'Chart Reading' posts for some potential swing candidates.
Potential day trades:
(From Briefing.com)
Gapping Down
TSN -12% (reports DecQ), IFO -6% (private placement), NKTR -3.6% (Morgan Stanley downgrade), ADLR -3.4% (FDA requests additional data), ALTI -3.3%, SMDI -2.6% (profit taking after big move last week), CHKP -2.3% (traded up following Q4 results, but guidance now diriving stock lower), SEPR -2.3%, SGP -2.1% (reports Q4), CSG -2%, XMSR -2% (Wachovia downgrade), GDT -1.7%, BRCM -1.6% (Cramer says he would ring the register on BRCM), EBAY -1.4% (negative NY Times article), RIO -1.4%, ATI -1.4%, RMBS -1%.
Gapping Up
Gapping up on strong earnings/guidance: USG +13%, JBHT +5.3%, XOM +2.4%, CHKP +1.8%... Mad Money Mentions: NMTI +23%, CNQR +6.4%, NDAQ +3.7%, HAL +3% (also multiple target increases)... Other News: LEIX +46% (to merge with Simrad Yachting), WPTE +7.5% (deal with Travel Channel), HEPH +7% (profiled on 60 Minutes), XRTX +5.8%, RIGL +5.5% (receives milestone payment from Merck), MT +5.4% (extends momentum on multiple news stories), AGIX +5.3% (development agreement with and AstraZeneca), TCT +5.2% (receives offer to be acquired), STXN +5% (deal with Alcatel), SUF +4.7% (extends Friday's 9% move), SIL +4.6%, ERS +3.8% (makes IBD 100 list at #1), GM +3.5% (Citigroup may bid for finance arm - WSJ), COMS +3%, TIBX +3% (Jefferies upgrade), RIMM +2.7% (wins ruling in Germany), TTWO +2.1% (BofA says it's not a good acquisition candidate), OXPS +2.1%... Under $3: ANLT +16%, TGC +13%.
Disclaimer & How I use this list
Uh, you trade on Saturdays, now?
No, why do you ask that?
It says "Watchlist for January 28, 2006."
I know. I'm being silly. It's that kind of a Monday.
It sure is! I'm so used to cutting & pasting and just incrementing the date by one day. Good thing I'm not trading today, who knows the kind of mistakes I'd be making.
AAPL selloff in a.m. short lived - nice reversal today.
indeed it was short lived. I posted that chart yesterday just in time ;-)
Hi Mike,
Just a quick economic question for you: Do you think gold is reaching all time highs because the Fed is eliminating the M3 measure (in an attempt to hide inflation?)
Architect,
You're asking the wrong person. Economics isn't my thing.