The market’s set for a small bounce back on the open today. THis could be an interesting week as people jockey for position ahead of Thursday’s Fed decision and ahead of the 4th of July holiday week.
On Today’s Calendar:
- 10:00 — Existing Home Sales
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
AOB -8.0% (cautious Barron’s article), AMLN (announces results from a study that showed Byetta injection sustained improvements in blood sugar levels and progressive weight loss), NVDA -2.6% (downgraded at tier 1 firm), CROX -2.3% (Barron’s says valuation leaves little room for error), GW -1.7% (negative Cramer mention).
Gapping Up
M&A: XPRSA +35.2% (Patrick Quinn and Max Fuller announce expected commencement of tender offer for U.S. Xpress shares for $20.00 share in cash)… Gapping up on news: FRH +17.2% (GLG plans to access the public markets through a reverse acquisition transaction with FRH), SYNM +13.8% (TSN and Syntroleum to launch renewable fuels venture), ZVUE +11.1% (although not mentioned in story, getting picked up as play on Bloomberg report that Sony Pictures (SNE) may make an acquisition in the “user-generated” internet content space), OMTR +9.6% (positive Cramer mention), DCEL +5.5% (WSJ reports co is considering strategic options, including a sale of the co), GIVN +3.5% (positive Cramer mention), PTT +3.3% (co filed 1.4 mln share offering by selling stockholders on Friday before the close), TRMP +2.7% (people familiar with negotiations say a sale could be announced this week – Philadelphia Inquirer), HK +2.7% (co plans to sell the it’s Gulf Coast division)… Gapping up on broker upgrades: PIR +7.7% (upgraded to Buy at UBS), SMSI +4.1% (upgraded to Buy at Jefferies), IPG +4.0% (upgraded to Buy at BofA), MCHX +3.8% (upgraded to Outperform from Market Perform at Piper Jaffray), GM +2.8% (upgraded to Buy at Goldman -CNBC).
Disclaimer & How I use this list
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