Strong economic data and hopes for more help from the Plunge Protection Team the Fed have us set for a big pop this morning. The indices will recoup most of this week's relatively low volume losses on the gap up.
On Today's Calendar:
- 10:00 -- Factory Orders
- 10:00 -- ISM Services
- 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: PLAB -10.2%, CMCSA -7.9% (cuts year outlook, also hearing downgraded at tier-1 firm), CHS -7.8%, WIND -3.0%, CPRT -2.8%, CPRT -2.8%, CMCSK -2.4% (cuts year outlook, also hearing downgraded at tier-1 firm), AVAV -1.0%... Other news: TOPT -21.3% (prices 21 mln share offering at $3), NOVL -5.7% (postpones earnings release), CSIQ -2.2% (prices $75 mln convertible senior notes), MDT -1.1% (discloses in 10-Q it received letter from US attorney requesting documents relating to co's relation with one of its customers)... Analyst downgrades: NTRS -2.1% (downgraded to Neutral at Merrill), AZ -1.2% (downgraded to Neutral at Merrill).
Gapping Up
In reaction to strong earnings/guidance: PSS +14.0% (also upgraded to Above Average at Caris), VSNT +11.3%, SOHU +7.0%, GES +6.9% , CTV +4.5% (raises Q4 2007 guidance), WDC +4.5%, DSW +4.0%... Other news: ADLR +20.0% (announces exclusive contract with PFE for 2 new pain compounds), CPST +13.0% (New York city mayor announces standard for use and installation of microturbine technology), UXG +9.5% (announces Bill Pass, Vice President and CFO, is retiring), SNTA +6.3% (receives $80 mln upfront payment from GSK), IDCC +5.9% (Broadpoint thinks win at Samsung removes major overhang), KSU +2.7% (will be added to S&P MidCap 400), NSTK +2.6% (enters into feasibility study with undisclosed global leader in production of plasma products), MT +2.6% (gains 2.4% oversea trading after CEO comments on steel demand), CY +2.1% (Cramer makes positive comments on MadMoney), HOKU +2.0% (still checking), BFAM +2.0% (initiated with neutral and $40 tgt at BofA), IGTE +1.7% (signs strategic IT partnership agreement with Union Bank of California), MU +1.7% (Samsung may be looking at MU's CMOs business - Maeil Business; Samsung denies rumor - DJ), MTSN +1.7% (receive follow-on orders from Japanese chip maker), AFCE +1.5% (announces increase in share repurchase program by $50 mln), MER +1.5% (subpoened by New York Attorney General related to 'packaging and selling of debt tied to high-risk mortgages' - WSJ), WU +1.4% (increases stock buyback authorization by $1 bln),EDS +1.3% (authorizes repurchase up to $1 bln and Ron Rittenmeyer elected Chairman of Board), MS +1.3% (FT reports MS plans to sell its banking business in Spain for $1.2 bln), RTN +1.2% (Cramer makes positive comments on MadMoney), GS +1.2% (Temasek Holdings is providing half of funding for new $2 bln 'China-focused private equity fund' with GS partner), CSTR +1.0% (announces multi-year agreement with KR), COP +1.0% (Cramer makes positive comments on MadMoney)... Analyst upgrades: RIMM +2.5% (upgraded to Buy at TDNewcrest), F +1.9% (upgraded to Add at Calyon), INTC +1.0% (upgraded to Overweight at Thomas Weisel).
Disclaimer & How I use this list
