Home, home on the range... we're set for a small gap down, which will put the indices right in the middle of their ranges. (Yawn) Maybe some of these housing related stocks will follow-through to the downside...
On Today's Calendar:
- 10:00 -- Consumer Confidence
More Calendars: U.S. Earnings | Conf. Calls | Surprises | IPO | Economic
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 weak earnings/guidance: LEN -3.7%, PVH -3.0%, EQIX -2.2% (also files for a $200 mln convertible notes offering)... Housing-related stocks weak following LEN warning: NFI -7.5%, FMT -4.9%, LEND -3.7%, KBH -2.8%... Other news: ECHO -36.6% (announces termination of Intuit merger agreement), BCRX -14.4% (places on hold its Phase IIb trial of intravenous Fodosine for patients with T-cell acute lymphoblastic leukemia/lymphoma), VG -5.5% (downgraded to Sell at Citi), NUAN -4.5% (downgraded to Hold at Citi), DNDN -4.2% (profit-taking), ESLR -2.9% (initiated with a Sell and $8 tgt at BofA), CRXX -2.9% (announces CRx-139 did not show statistical significance on primary endpoint of trial), CPSL -2.4% (files for 8.71 mln share stock offering by selling shareholders), CMGI -2.4% (profit-taking after parabolic run), IR -2.4% (downgraded to Neutral at UBS).
Gapping Up
Gapping up on strong earnings/guidance: ELTK +10.3%, GME +4.8%... Alternative energy stocks up on solar initiations, FCEL & MVIS news: FCEL +6.9% (Connecticut clean energy fund selects 68 megawatts of projects using co's power plants), MVIS +6.2% (announces product development agreement with a second global Tier 1 automotive partner), DSTI +5.4%, FSLR +3.8%, ASTI +3.9%, SPWR +2.6%, TSL +1.7%, STP +1.5% ... Other news: NUVO +37.9% (receives FDA fast track status for rNAPc2 in first- and second-line treatment of metastatic colorectal cancer), REGN +18.0% (announces positive interim Phase 2 data for VEGF Trap-Eye in age-related macular degeneration), ARTX +10.7% (continued momentum from yesterday afternoon's Boeing order), CPHD +6.7% (positive comments by Cramer), CVTX +5.2% (A.C.C. press release shows Ranexa reduces recurrent Ischemia in Merlin - Cantor), AUDC +4.2% (last night Soros Fund Mgmt discloses 6.4% stake), CHU +3.4% & CHL -0.8% (China's govt and phone co's plan to spend $3.5 bln on nation's first high-speed wireless network - Bloomberg), DCX +3.2% (to postpone release of Q1 results; article notes rumors swirl about possible buyers for Chrysler unit - WSJ), PDLI +2.4% (positive comments by Cramer), PTNR +1.5% and WFR +0.8% (positive mentions in newsletter).
Disclaimer & How I use this list
