Watchlist for December 4, 2007

We've got some follow-through selling today. The big question in my mind is will volume pick up if we continue to sink.

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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:

Gapping Down

In reaction to weak earnings/guidance: PVH -5.3% (also approves $200 mln share repurchase), LAYN -4.2%, MDU -4.1%, ISLE -3.8%... Other news: TRMP -10.6% (discloses resignation of CFO), NFI -8.4% (pulling back after 150% gain in past two days), STKL -5.3% (announces secondary share offering), DSX -5.0% (still checking), BCS -5.0% (WSJ reports money-mkt funds likely still holding securities recently put on review for downgrade at Moody's), HCN -4.3% (announces offering of 3.5 mln shares of common stock), HOLX -3.5% (announces public offering of $1.3 bln of convertible senior notes), PLLL -3.5% (files for 2 mln share common stock secondary offering), SIRI -3.5% (down in sympathy with XMSR), NOK -3.1% (presents key tgts and forecasts for next 1-2 years at annual investor event; announces collaboration with TI and plans to acquire Avvenu), CYTK -2.9% (announces an abstract summarizing interim clinical trial data evaluating SB-743921), UCTT -2.9% (comments on court injunction for patent infringement on Celerity), RIG -2.8% (files for mixed shelf offering), MT -2.4% (acquires NSD Limited; plans to strengthen position in Brazil through tendering cash offer for remaining shares of ArcelorMittal Inox Brasil S.A.), UBS -2.0% (WSJ reports money-mkt funds likely still holding securities recently put on review for downgrade at Moody's), STKL -1.8% (announces secondary share offering), CFC -1.7% (still checking), BHP -1.6% (China's Baosteel mulls bid to counter BHP's $125 bln takeover offer for RTP - Reuters), RCII -1.3% (announces store consolidation plan; expects pre-tax monthly operating income benefit of $2-2.5 mln)... Analyst downgrades: XMSR -5.2% (hearing downgraded to Sell at tier-1 firm), RBS -4.4% (initiated with Underweight at Morgan Stanley; also lowered price tgt), LEH -3.2% (downgraded to Sell at Punk Ziegel, also ests reduced at JPMorgan), GS -2.4% (downgraded to Sell at Punk Ziegel, also estimates reduced at JPMorgan), BSC -1.9% (downgraded to Sell at Punk Ziegel), ORCL -1.7% (downgraded to Outperform at JMP), MS -1.5% (estimates reduced at JPMorgan), MER -1.3% (estimates reduced at JPMorgan).

Gapping Up

In reaction to strong earnings/guidance: CRMT +17.0%, AZO +4.3%, SAFM +3.3%, CMGI +2.7%, CPWM +2.6%, SD +2.6%, ARW +2.2%... Other news: JMBA +12.1% (announces exclusive licensing agreement with Nestle to produce and distribute healthy ready-to-drink beverage), PWRD +9.6% (to launch closed beta testing for 'Chi Bi' on 12/18; also Cramer makes positive comments), PZE +7.0% (still checking), MBLX +4.8% (announces national release of gift card by TGT; positive broker comments following the news), CPKI +4.3% (Farallon Capital discloses 5.3% in SC 13D), PAY +3.7% (held conference call after the close to discuss restatement; stock is seeing multiple defenses this morning following call), APC +2.9% (announces oil discovery in West Tonga prospect), TASR +2.5% (receives follow-on orders from 2 law enforcement agencies), AGYS +2.3% (signs agreement to sell ORCL applications), DELL +2.1% (announces authorization of $10 bln of share repurchases), DAR +2.0% (Morgan Joseph notes November pricing strength continues), DT +1.6% (wins ruling in iPhone sales dispute - Bloomberg), RICK +1.3% (intends to focus acquisition efforts on east coast), FMCN +1.1% (hearing Pali Research starts coverage with Buy and $100 price tgt)... Analyst upgrades: CCOI +1.6% (upgraded to Outperform at RBC), VDSI +1.2% (upgraded to Buy at ThinkEquity), ALTH +1.0% (initiated with Buy at BofA).