Outside of the ramping Chinese stocks (see gappers below) it looks like a rather flat open today....
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: HAR -8.8%, ADTN -7.6%... Other news: ZNH -11.1% (Chinese airlines seeing volatility on Cathay/CEA news, not seeing anything specific to ZNH), CEA -10.3% (China Eastern (CEA erased an 8% gain to finish down 10.5% in China as expectations waned that Cathay Pacific would buy part of the Shanghai-based carrier), PGLA -5.3% (announces PI-88 Phase 2 results did not meet its primary endpoint for lung cancer), CRXL -4.7% (stock is trading lower following MRK's halt of experimental AIDS vaccine study that used CRXL's PER.C6 technology), TSO -2.6% (tgt cut at Caris), TMA -2.5% (still checking for any news), RHT -2.3% (downgraded to Neutral at Credit Suisse), BCS -2.2% (downgraded to Underperform at Bear Stearns), DB -2.2% (debt bill may hit 1.7 bln euros), SIRT -2.1% (downgraded to Mkt Perform at Piper, downgraded to Neutral at JP Morgan).
Gapping Up
M&A related news: CCBL +34.1% (to be acquired by ARRS for either $13.75 per share in cash or 0.9642 shares of ARRS)... China stocks continue to see momentum, with news out on select names: YZC +10.3%, PTR +9.2% (gets approval for a Shanghai share sale), ACH +7.8%, CPSL +7.8%, CSUN +6.9%, CSIQ +4.6% (signs agreement to build 300KW 'Suzhou solar demonstration park)... Other news: NTMD +11.1% (co says BiDil gains broad preferred status on pharmacy benefit plans), ASTI +9.7% (continued momentum), ZINC +8.8% (positive Cramer comments), ZVUE +8.8% (continued momentum following Friday's 50%+ move), CTIC +7.2% (co announced it began a confirmatory phase III clinical trial of combination chemotherapy for women with advanced non-small cell lung cancer), BHP +6.0% (newspaper reported the co will say it has uncovered what may be the world's largest gold resource), ANW +5.4% (mentioned positively in Barron's), AAPL +1.8% (tgt raised to $185 at Citigroup), DELL +1.6% (confirms it will partner with GOME on retail sales in China).
Disclaimer & How I use this list
