Gap up, gap down, and today we're gapping up again. Good earnings from Oracle & Nike are getting the credit. Let's see if the bulls can close the indices above Wednesday's highs.
On Today's Calendar:
- Nothing
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
On weak earnings/guidance: POOL -11.0%, COMS -4.6%, MAS -1.4%... Other news: HAR -12.3% (KKR and GS balk at buyout, WSJ reports), TMTA -7.3% Iannounces $12.8 mln offering), AEA -5.1% (announces decision to close 103 centers), GKK -4.5% (still checking for news), JASO -4.4% (files for a 6.35 mln share ADS offering), AIRN -2.4% (announces the sale of 15 mln shares of common stock).
Gapping Up
Gapping up on strong earnings/guidance: OPTM +24.5%, NKE +2.9%, ORCL +1.9%... China stocks strong on continued momentum, positive IPO news and consolidation speculation: FFHL +11.6%, CPSL +10.5%, XFML +9.6%, TSTC +9.5%, JRJC +6.3%, EFUT +7.1% (continued momentum after yesterday's ~50% move higher on no news), PTR +4.5% (China's securities regulator said it would consider on Monday PTR's proposal for yuan-denominated A shares to raise around 48 bln yuan), CEA +4.5% (Citi believes Air China may take aggressive actions to derail CEA's stake sale to S.I.A. before the deal obtains general meeting approval in November), QXM +4.5%, XING +4.4%, CTDC +4.4%... Other news: BRLC +5.5% (continued strength after announcing a new CFO yesterday morning), ATHN +5.3% (continued strength following yesterday's IPO), LULU +4.4% (co's CEO appeared on Cramer's Mad Money last night), TXN +2.5% (to repurchase additional $5 bln in stock, increase dividend 25%), NOK +1.0% (Credit Suisse says Q3 handset demand is tracking ahead of normal seasonality, raises growth ests).
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