The futures have improved a bit since the housing data was released at 8:30. So now we're set for a slightly higher open and maybe the housing stocks will be saved from another plunge. Once again I have nothing but shorts on the swing trade list. Let's see if they take 'em down...
Potential swing trades:
Shorts: ADSK, AGE, AMTD, BBD, BEN, CHAP, COH, CRM, CSX, CTXS, FAST, FFIV, FRK, FWLT, INFY, KBH, MGI, NYX, RYL, SPSN, VCLK, WCC, WTR, WY, ZRAN
Longs: None
See one of the recent 'Chart Reading' posts for some potential swing candidates.
Potential day trades:
(From Briefing.com)
Gapping Down
PGIC -10.2% (reports Q1 miss; guides revenue below consensus), AVNR -9.5% (FDA informs co of revised Neurodex NDA action date), GGXY -6.3% (reports MayQ; guides AugQ below consensus), BLDR -3.8% (Baird downgrade), URBN -2.9% (Matrix downgrades to Sell), NVDA -2.1% (Deutsche cuts estimates), APOL -1.9% (reports MayQ), MGM -1.7% (Morgan Stanley downgrade), SNY -1.2% (Enoxaparin data), SEPR -1% (profit taking after 9.4% move yesterday).
Gapping Up
XING +27%, HGSI +5.4% (to sell anthrax treatment to US govt), ACLI +6.6% (guides higher), TRN +4.6% (guides Q2 higher), FDS +4% (reports MayQ, guides AugQ above consensus), TNT +3.6% (in sympathy with China's Sinopec deal to buy a Russian oil company), AAUK +3.5%, JBLU +3.5% (Morgan Stanley reinitiates coverage; firm's top airline pick), ATVI +2.4% (Susquehanna upgrade), UVN +1.5% (may receive at least 2 more bids - Bloomberg.com), COST +1.5% (JP Morgan upgrade), AMAT +1.2% (Pru upgrade), CHK +1.1%... Under $3: ARTX +13% (announces orders), GNBT +4.1%.
Disclaimer & How I use this list
