Watchlist for December 14, 2007

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: ZQK -8.6%, NOVL -8.5%, TIER -8.1%, BDK -7.3%, LSCC -4.4%, CHINA -3.0%, RVI -2.4%, BRT -1.9%, ARTC -1.0%... Miners showing weakness following Goldman Sachs European mining sector downgrade: AAUK -6.5%, RTP -4.6%, ACH -4.4%, BBL -4.4%, MT -3.8%, HMY -3.5%, RIO -3.2%, BHP -3.1%, GFI -2.7%, AU -2.4%... Other news: WCI -5.5% (announces departure of Chief Financial Officer and appointment of interim Chief Financial Officer), PKX -3.2% (cuts monthly stainless steel output 20%), NWPX -3.0% (acquires traffic sign post manufacturer), NOVA -2.2% (plans to close or sell three ambulatory surgery centers), AFCE -1.7% (announces the resignation of COO James Lyons), COF -1.7% (Cramer makes negative comments on MadMoney), SI -1.5% (still checking), C -1.6% (Moody's lowers ratings, also co commits support facility for Citi-Advised SIVs),NITE -1.3% (reports November 2007 volume statistics), HBC -1.3% (says to buy Taiwan's The Chinese Bank), IFLO -1.2% (announces that it has entered into a binding letter of intent to acquire AcryMed), ATHR -1.2% (acquires u-Nav Microelectronics for $54 mln), BAS -1.0% (reports selected operating data for November 2007)... Analyst downgrades: NBIX -3.8% (downgraded to Underperform at Bear Sterns), VMC -2.9% (initiated with Sell at BofA), HUBG -2.9% (downgraded to Hold at Stifel), MI -2.4% (downgraded to Neutral at BofA), DVN -2.1% (downgraded to Neutral at Credit Suisse), EXC -1.9% (downgraded to hold at Deutsche Securities), DV -1.8% (initiated with Sector Perform at CIBC), KWK -1.3% (downgraded to Neutral at Credit Suisse), RMIX -1.2% (downgraded to Sell at Citigroup).

Gapping Up

In reaction to strong earnings/guidance: CISG +14.1%, CBAK +10.0%, LEAP +9.8%, CHINA +4.6%... Solar stocks showing strength on a number of co specific announcements: ESLR +15.8% (ESLR and Silpro announce polysilicon supply agreement), CSUN +6.8% (forms agreement with asola), JASO +6.0% (tgt raised to $100 at Piper and added to their Alpha List), LDK +1.6%, STP +1.0%... Other news: LUM +27.4% (discloses in 8-k details to repurchase agreement financings), EXAS +25.9% (wins patent ruling on DNA technology), BMRN +17.6% (discloses pricing information for Kuvan; sees 2008 Kuvan revenue in the range of $35-70 mln), MELI +7.8% (Cramer makes positive comments on MadMoney), Q +4.9% (reinstates quarterly dividend of $0.08), CBAK +4.4% (to work with HPQ to supply lithium ion battery cells), BMTI +4.3% (reports positive clinical results for GEM OS1 in Canadian foot and ankle fusion study), LINE +3.3% (Omega purchases all remaining Linn Energy units held by Quantum Energy Partners), CLNE +3.0% (Boone Pickens reports a 55.6% stake - Bloomberg), TRN +2.8% (announces authorization for $200 mln stock repurchase program), OSIP +2.5% (announces that Tarceva has been listed on Japan's National Health Insurance drug reimbursement price list and will be launched in Japan on December 18, 2007), CSR +2.3% (CNBC segment highlights CSR as play on Chinese surveillance industry), ISIS +2.1% (appoints Parshall as COO, effective immediately), HOLX +1.8% (FDA Advisory Panel finds Hologic's Adiana Permanent Contraception approvable), BCRX +1.6% (data demonstrates activity of Forodesine HCl), BSX +1.4% (agrees to sell fluid management and Venous Access businesses to Avista Capital Partners for $425 mln), FMCN +1.3% (profiled in Businessweek, says should benefit from the 2008 Summer Olympics, sales and profits are expanding greater than 50% annually), APC +1.2% (Cramer makes positive comments on MadMoney), AMGN +1.2% (may have optimistic future with osteoporosis drug - WSJ), CMO +1.0% (declares Q4 2007 common dividend and comments on current activities and mkt conditions)... Analyst upgrades: DSCM +12.2% (initiated with Buy at BofA), CAVM +2.4% (upgraded to Overweight at Merrill), HL +1.2% (upgraded to Sector Perform at CIBC).

Disclaimer & How I use this list