Watchlist for June 11, 2007

It's been a choppy mornig in the futures so far. They've been oscillating around the flat-line and are weakening a bit now.

On Today's Calendar:

nada

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 guidance: NUE -5.4%... Steel names ticking lower on combination of NUE guidance and DJ report that ThyssenKrupp denied it was in talks with Severstal, US Steel: X-4.8%, STLD -4.1%, AKS -2.9%, CMC -2.4%, GNA -1.9%... Other news: MKTX -5.9% (downgraded to Underperform at Credit Suisse), PENN -4.7% (table games in Charles Town rejected in weekend vote; several brokers are commenting on news, with stock downgraded at Morgan Joseph), HOG -2.8% (tgt cut to $67 from $69 at UBS), E -1.4% (said its crude-oil production in Nigeria is "near normal" after having been curbed by militant attacks).

Gapping Up

Gapping Up on strong earnings/guidance: CRED +8.9%, JOSB +3.6%... M&A: BYBI +23.6% (to be acquired by private equity for $6.50 per share), CUP +8.9% (announces friendly C$6.60/share cash offer by Aluminum of China)... Other news: MDVN +32.9% (announces Dimebon maintains statistically significant benefit on all five efficacy endpoints in Alzheimer's disease), NRMX +10.4% (presents update on Alzhemed), INFN +7.3% (continued momentum following last week's IPO), GERN +6.1% (says research indicates its embryonic stem cell-based therapeutic for spinal cord injury evades direct attack by the human immune system), ADLR +5.3% (co and GSK provide update on Alvimopan program, say complete response to the POI Approvable Letter now targeted for 3Q07), NGSX +4.7% (initiated with an Overweight at Morgan Stanley, initiated with a Positive at Susquehanna), ILMN +4.7% (announces launch of iControlDB), SNSS +4.2% (reports positive data from studies of two anti-cancer agents), SINA +3.8% (announces strategic partnership with Google in the areas of search, advertisement and news)