There are lots of movers this morning thanks to earnings reports. This is going to be one of those days when I wish I had a couple of more monitors to track everything. Should be a fun one today...
Potential swing trades:
Longs: ADSK, AG, ARW, CMC, CSX, CTXS, CY, CYMI, DGX, FCX, GLG, LVS, PALM, PAY, RFMD, RSAS, STP, SWFT, SWN, TXN, WFR
Shorts: None
See one of the recent 'Chart Reading' posts for some potential swing candidates.
Potential day trades:
(From Briefing.com)
Gapping Down
Gapping down on disappointing earnings/guidance: STMP -12%, CNET -9.3% (also JMP Sec downgrade), MSPD -8.8% (also WR Hambrecht downgrade), SEPR -6.9%, CGNX -6.8%, HXL -6.5%, CA -4.9%, SWKS -4.8%, CME -4.8% (down in sympathy: NYX -1.5%), VLTR -4.6%, AKS -3.2%, TRAD -2.7%, MHO -2.5%, COH -2%, PENN -1.5%... Other News: DOVP -46% (back pain drug ineffective; also multiple downgrades), DSCO -39% (Surfaxin drug approval delayed), BLDP -7% (cut to Sell at Citigroup; also ThinkEquity downgrade), TS -1.7% (profit taking after big move), EC -1.2% (FT reports that co is leaning towards a standalone strategy rather than putting self up for sale), HMY -1.1%, NVDA -1% (negative newsletter comment).
Gapping Up
Gapping up on strong earnings/guidance: NTRI +30%, ZRAN +19% (also multiple upgrades), RNOW +12%, LCAV +11%, BMHC +8%, ATHR +6.8%, LVLT +6.5%, YRCW +6.1%, NFLX +5.6%, SUNW +5.2% (also McNealy steps aside as C.E.O.), TSCM +5.1%, JBLU +4.5%, IMCL +4%, YUM +3.7% (also upgrades from CIBC and Piper), NDE +3%, X +2.5%, VLO +1.6%... Other News: GOAM +43% (signs exclusive agreement with Nordia), SERO +33% (to be acquired by MIL +3.8%), IDSA +5.1% (extends yesterday's 81% move), ACGY +3.5% (momentum), RSAS +3.4% (ThinkEquity upgrade), PDFS +3.4% (First Albany upgrade), CNXT +3.3% (Baird initiates with $6 tgt), ESLR +3.2% (begins volume shipments from new plant in Germany), ERS +3.1% (momentum), RYAAY +2.7%, HOKU +2.6% (extends yesterday's 16% move), NTMD +2.4%, TZOO +2.1% (momentum; short squeeze; stock +150% this week), NOV +2.1%, SIFY +2% (increases its iWay cyber-cafe chain), NYER +5% (acquires pharmacy).
Disclaimer & How I use this list
