The pre-market session has been rather choppy so far. The futures were up a lot pre-CPI and then took a hit on the report. They've since rebounded and are hovering around fair value. Perhaps we've finally found a level where buyers will step up... I'd still rather see a flushing out though.
Potential swing trades:
See one of the recent 'Chart Reading' posts for some potential swing candidates.
Potential day trades:
(From Briefing.com)
Gapping Down
TWW -26% (reports Q4; Canaccord Adams and Merriman downgrades), HRLY -10.5% (US govt suspends co's patents), IFO -5.8% (clarifies Q1 restatement; extends yesterday's 16% drop), ZOLT -6.3% (extends yesterday's 15% drop), COGO -3.5% (extends recent slide; stock down 31% in June), HOM -3.4% (extends recent sell-off), GIGM -3.1%, FRG -2.6% (extends recent slide), SMSI -2%, GLW -1.9% (extends recent slide), AXA -1.7% (to buy CSR insurance unit), ESLR -1.6%, CCL -1.5% (May cruise survey shows gasoline prices and hurricane fear hurt Caribbean bookings - Susquehanna).
Gapping Up
PARL +29% (company owned by Parlux C.E.O. bids to take PARL private), AVM +11% (Ferumoxytol data monitoring committee identifies no safety concerns), BAY +6.5% (Pfizer to license compounds from Bayer; also German drug maker Merck KGaA to sell its 21.8% share in SHR +2.6% to BAY clearing the way for BAY to take over SHR and end Merck's blocking of the takeover), BKHM +5.7% (extends yesterday's 7% move higher), TASR +5% (director buys 100k shares), MLNM +5% (Lehman upgrade), AZN +4.1% (in sympathy with BAY/SHR merger), WRNC +4.3% (PVH may acquire co - WWD.com), LUX +3.7%, BCRX +3.4% (to develop Permavir in South Korea), AEG +2.6%, ABB +2.6%, CSR +2.5% (AZA to buy co's Winterthur insurance unit), NBR +2.4%, AMZN +1.6%, ING +1.5%, SNDK +1.4% (Goldman upgrade), INTC +1.3% (Goldman upgrade), UBS +1.2%... Mining stocks rebound in the pre-market: KRY +8.7%, CUP +4.7%, BGO +2.4%, GG +1.2%.
Disclaimer & How I use this list
