The 'homies' (& their ilk) are in the news again with this FBI probe of Beazer Homes for mortgage lending fraud. So my group of homebuilders & lenders (BZH, KBH, LEN, DHI, CTX, PHM, TOL, CFC, WM, LEND, FMT, WFC...) will remain front & center on my monitors.
The S&P is set to gap under its 50-day moving average so things could get interesting today as that important technical level gets taken out. Perhaps Big Ben Bernanke can save the day. He speaks at 10:30. I'm not sure that he'll say anything market-moving but there's always that potential...
On Today's Calendar:
- 10:30 -- Crude Inventories
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: ANGO -7.0%, XRTX -4.1%... Housing-related stocks weak after BusinessWeek reports federal investigators opened a criminal probe into BZH lending practices: BZH -10.5%, DHI -2.5%, KBH -2.5%, HOV -2.4%... Mortgage names seeing weakness after NY Times reports that NEWC may be weighing a bankruptcy filing soon: LEND -4.0%, FMT -3.2%... Other news: AGIX -6.5% (continued weakness after yesterday's losses), CVTX -5.0% (multiple downgrades following yesterday's Ranexa data), NETL -4.4% (chatter that CSCO acquisition could be viewed as competitive), SIGM -4.4% (downgraded to Neutral at Amtech), ONXX -4.0% (FBR notes that off-label sutent use in liver illustrates Nexavar's vulnerability), AVZ -3.7%.
Gapping Up
Gapping up on strong earnings/guidance: IDSA +9.0%, IIG +8.6%... Other news: VYYO +12.5 (secures additional funding from Goldman Sachs), FFHL +10.1% (initiated with a Buy at Maxim), NTY +5.3% (TheDeal.com reports co is for sale), BRLC +4.0% (co raised ~$15.5 mln in a strategic financing with investors), ARRS +3.6% (to replace NVR in the S&P SmallCap 600), AOB +3.0% (expands international exports to Canada).
Disclaimer & How I use this list
LOL @ tha homies!