You can see why I hate to say anything about the daily charts during earnings season, we're just gapping all over the place. All the economic data and options expiration just add to the madness of this week. Be careful out there...
On Today's Calendar:
- 10:30 AM -- Crude Inventories
More Calendars: U.S. Earnings | Conf. Calls | Surprises | IPO | Economic
Today's WallStrip stock is Chipotle Mexican Grill, Inc. (CMG). I think you'll enjoy the burrito rolling contest as well the all the expert analysis.
Potential swing trades:
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: APOL -14%, CGNX -12% (also downgrades from Bear Stearns and Needham), MOT -6.2%, ASML -5.3%, LLTC -4.6%, NVLS -4.2%, CDWC -4%, ITW -3%, DTLK -1.8%, NTRS -1.7%... Other News: ENDP -12% (FDA recommendeds less rigorous bioequivalence requirements for generic versions of its pain-relieving patch, Lidoderm; also Citigroup downgrades to Sell, Leerink Swann downgrade), AKZOY -7.3% (may delay potential blockbuster drug), LMRA -4.7% (SEC filing shows MVIS sold nearly 322K shares of LMRA), LIHR -3.1%, TEVA -2.9% (CEO resigns - Dow Jones), NTAP -2% (Goldman downgrade), AMAT -1% (in sympathy with NVLS).
Gapping Up
Gapping up on strong earnings/guidance: ILMN +19%, HWAY +12%, IBM +4.5% (also Goldman upgrade), PH +3.9%, INTC +1.6%, YHOO +1.5%... Other News: SIGA +179% (announces smallpox breakthrough), SNTS +10.7% (to license heartburn drug to SGP), SONE +7.9% (Cramer bullish on Mad Money; says it's the next OPEN which spiked 19% on Monday), PARL +7.1% (extends yesterday's late run; OpCo upgrade), TTWO +6.7% (founder and former CEO resigns), PEIX +5.4% (acquires stake in Front Range Energy), ANDW +4.3% (Baird upgrade), RVBD +4% (JMP Sec initiates with $24 tgt), LINTA +3.9% (to join Nasdaq-100), UAUA +3.1% (Prudential upgrade, raises tgt to $59 from $32), VPHM +2.9% (announces new health initiatives), DWA +1.7% (JP Morgan upgrade).
Disclaimer & How I use this list
