Watchlist for November 28, 2007

Posted on November 28th, 2007 in Watchlists

Comments by the PPT this morning have us set for a big pop — right into the resistance levels I pointed out last night. A perfect setup for a gap fade?…

On Today’s Calendar:

10:00 — Existing Home Sales
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

In reaction to weak earnings/guidance: SNIC -13.2%, CENT -11.4%, UTI -10.1%, PBY -9.0%, MRVL -8.4%, BWS -7.7%, SMTC -5.7%, BRLC -5.2% (issues Q2, Y08 outlook), DBRN -5.1%, CEDC -1.3% (also reaffirms guidance for FY07 and FY08), ROH -1.2%… Other news: BIDZ -22.1% (held conf call responding to Citron report), ILE -12.7% (modifies ongoing clinical program for acne scars), TKG -11.1% (WSJ reports TKG talks to sell some of its stake in Vodacom to VOD ended after VOD failed to agree to merger of its fixed-line assets with MTNGroup), GA -9.2% (in response to class action lawsuit filed against GA), WFC -4.5% (discloses special Q4 2007 provision of $1.4 bln), BHP -4.2% (confident pricing fears won’t wreck RTP deal - Reuters), SBUX -2.2% (Cramer recommends selling on MadMoney), FRE -1.7% (declares dividend reduced 50% and offers $6 bln of preferred stock), CSH -1.4% (Chief Executive Officer adopts 10b5-1 trading plan)… Analyst downgrades: NYT -1.7% (downgraded to Sell at BofA), AKH -1.7% (downgraded to Hold at Deutsche Securities).

Gapping Up

In reaction to strong earnings/guidance: VRGY +18.8% (also announces share repurchase program), MLHR +10.5%, DLTR +4.7%, ADI +3.1%, BECN +2.3%… Other news: JRJC +5.9% (completes acquisition of Hong Kong securities brokerage firm; Brean Murray discusses panic selling as unwarranted), JDSU +5.6% (announces jury ruled in favor of co on all claims in securities class action suit), TKC +4.4% (ACN helps TKC’s delivery of services to customers), ETFC +4.1% (still checking), AYI +3.7% (Cramer claims AYI is next takeover tgt for Phillips), PVTB +2.5% (GTCR announces $100 mln investment in PVTB), ARE +2.1% (replacing SQA in S&P MidCap 400), GRMN +1.9% (still checking), TASR +1.9% (announces dismissals of wrongful death product liability lawsuits and responds to U.N.Committee comments that TASR device provokes ‘extreme pain’), HAL +1.8% (Cramer makes positive comments on MadMoney), EMC +1.7% (still checking), DB +1.7% (rises on speculation that Asian or Gulf-based investors may tgt European banks weakened in wake of subprime crisis), NOK +1.6% (still checking), AN +1.3% (Eddie Lampert discloses 30% stake, up from 28.5%), C +1.3% (receives call from investment banker suggesting merger with BAC), FLOW +1.1% (receives multi-million dollar aerospace contract with Mitsubishi Heavy Industries)… Analysts upgrades: UBS +3.3% (upgraded to Outperform at Credit Suisse, also speculation that Asian or Gulf-based investors may tgt European banks weakened in wake of subprime crisis), NED +3.0% (initiated to Outperform at CIBC), CRDN +2.8% (upgraded to Buy at Morgan Joseph), OSTK +2.0% (upgraded to Hold at Stifel), RCNI +1.7% (initiated with Outperform at Bear Sterns), XLNX +1.0% (hearing upgraded to Buy at tier-1 firm), DD +1.0% (upgraded to Buy at Soleil), BUD +0.9% (upgraded to Buy at UBS).