Watchlist for November 29, 2007

Looks like we're in for some well deserved consolidation today.

On Today's Calendar:

  • 10:00 -- New 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

In reaction to weak earnings/guidance: SHLD -10.6%, WEDC -10.1%, MW -9.9%, GCO -6.5%, JAS -5.2%, ARO -3.6% (also downgraded to Neutral at SunTrust), PFG -2.7%, SMRT -2.5%, ACIW -1.9%, CONN -1.8%, CTR -1.8%, IPAR -1.8%, BONT -1.6%, TTEC -1.2%... Airlines trading lower in pre-market on higher oil prices: AMR -4.9% (also announced before the close yesterday plans to divest American Eagle), DAL -2.7%, LCC -2.4%... Other news: BCS -5.2% (stock was weak in European trading, doesn't appear to be any company-specific news), ROH -4.7% (updates implementation progress of its Vision 2010 Strategy to accelerate shareholder value creation), EEP -4.5% (announces offering of 4 mln Class A common units), ALD -3.8% (still checking), LDK -2.6% (Cramer makes bearish comments on MadMoney), PRU -2.5% (announces plans to expand retirement business and elects John Strangfeld CEO and Chairman), MHS -2.5% (announces 2-for-1 stock split), HSC -2.4% (announces agreement on sale of Gas Technologies Business Group for $340 mln), GR -2.0% (reaffirms guidance in 8-k slideshow), EXEL -2.0% (announces receiving milestone payment from BMY for achievement of Liver X receptor), URS -1.9% (announces results of consideration election by Washington Group International stockholders), GOLD -1.7% (prices a 6 mln share ADS offering at $35.25/ADS), BPL -1.1% (announces offering of 1.5 mln limited partnership units)... Analyst downgrades: RCI -4.6% (downgraded to Sector Perform at CIBC), STFC -1.8% (downgraded to Sell at Piper Jaffray)

Gapping Up

In reaction to earnings/guidance: SOLF +20.6%, TWP +18.7% (raises Y07 guidance), SIGM +13.3%, PTT +11.2% (announces expects to exceed prior 2007 guidance), LULU +8.6%, FRED +6.4%, CFI +6.3%, TIVO +4.7% (also upgraded to Overweight at JPMorgan), STST +4.4%, ATW +2.1%, ZOLT +2.1%, VIP +1.4%... M&A: USBE +4.0% (announces merger agreement VSE; 0.81 share of VSE will be issued for each outstanding share of USBE)... Other news: REGN +34.1% (initiates global collaboration with SNY), SUF +12.0% (announces it has raised approx $5.3 mln through exercise of existing warrants), WCG +11.1% (receives an executed 1 yr contract with CMS), ISSI +10.7% (announces repurchase plan of $80 mln and commencement of tender offer at $7), ETFC +9.8% (announces $2.55 bln cash infusion from Citadel), BIDZ +7.9% (plans to investigate derogatory report by Citron and recent trading activity to regulators), TXCO +3.9% (Third Point discloses 8% stake in SC 13D), GPRO +2.4% (Cramer mentions favorably on MadMoney), FRO +2.4% (still checking), BCSI +2.3% (Cramer makes bullish comments on MadMoney), DRYS +1.9% (continued momentum following yesterday's 15% bounce), DELL +1.1% (still checking)... Analyst upgrades: VMW +4.9% (upgraded to Neutral at Merrill), RRGB +2.5% (upgraded to Outperform at CIBC), DLTR +2.3% (upgraded to Outperform at Friedman Billings and upgraded to Strong Buy at Raymond James), IACI +1.7% (upgraded to Buy at Piper Jaffray), GM +1.3% (upgraded to Peer Perform at Bear Sterns).

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Quoted

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This page contains a single entry by Michael published on November 29, 2007 9:23 AM.

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