We've got some strength this morning but if today is like the last week we may reverse early and fall back into the range...
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
On weak earnings/guidance: RECN -16.5% (also downgraded at 5 brokers), GB -9.7%... Other news: FMT -18.7% (co and Gerald Ford in discussions regarding revised investment terms), CGPI -14.2% (announces results of Phase 2 dose-finding study of Incyclinide did not demonstrate a greater reduction in inflammatory lesions), LSCC -7.1% (block trade cited), UA -2.6% (downgraded to Neutral at UBS), S -2.3% (downgraded to neutral at tier 1 firm), AGU -1.6% (downgraded to Sector Perform at CIBC), BHP -1.5% (Richards Bay Coal Terminal curbed after derailment on transport line), CS -1.1% (said it will cut about 150 jobs).
Gapping Up
Gapping up on strong earnings/guidance: RHT +5.9%... China-related stocks and solar stocks gapping up on continued momentum this morning: China stocks include: XFML +20.3% (co announced an investment by The Yucaipa Companies), CDS +16.2%, CLWT +12.4%, CTDC +10.1%, CBAK +8.5%, KUN +8.5%, NOEC +7.3%, CPSL +7.2%, TSTC +6.5%, SDTH +6.4%... Solar stocks (there are several solar conferences taking place this week): ASTI +6.9% (co presents at UBS conf today at 1:00 E.T.), AKNS +4.8%... Chinese solar stocks: CSUN +20.3%, SOLF +6.6%, CSIQ +6.1%... Other news: EBS +31.2% (signs $448 mln three year contract with Department of Health and Human Services), CNIC +24.3% (SEC closes its investigation of CNIC with a recommendation of no enforcement action), VERT +20.7% (still checking for anything new), SCON +7.9% (continued momentum), LOCM +7.8% (co releases UK site from beta), GM +5.7% (reaches tentative agreement with UAW).
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