Watchlist for January 15, 2008

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: HIBB -21.1%, WSM -14.4%, CWTR -12.6%, FIC -8.3%, EDU -4.8%, STT -3.8%, MCBC -3.8%, DNA -2.3%, C -1.9%, USB -1.7%, CAPA -1.4%, TCBI -1.2%... Select Chinese stocks trading lower after weakness in overseas trading: CHA -8.6%, PTR -5.2%, LFC -4.6%, SNP -4.7%, CHL -5.0%, CEO -3.9%... Select solar stocks showing weakness as oil trades lower pre-market: AKNS -4.4%, SOLF -4.0%, TSL -3.7%, JASO -2.9%, SPWR -2.8%... Other news: MGI -48.2% (announces portfolio valuation as of November 30 and discussions with Thomas Lee Partners for $800 mln equity investment), MAG -18.4% (still checking), CTHR -15.3% (announces strategic review), NBIX -7.5% (discloses that $5 mln letter of credit has been canceled and will recognize a charge of $94 mln), SIMG -6.4% (still checking), NOEC -5.0% (giving back some of yesterday's 20%+ gains), FEED -3.5% (acquires five Chinese hog farms for aggregate of approx $5.3 mln), PXD -3.4% (announces offering of $400 mln of convertible senior notes), DKS -3.3% (down in sympathy with HIBB), OFIX -3.1% (discloses that it has received a subpoena from the US Attorney's Office), MFA -3.0% (announces plans to make a public offering of 20 mln shares of its common stock), HBC -3.0% (dropped in overseas trading after Goldman Sachs added the global banking group to its Asia conviction sell list), VMW -2.7% (announces acquisition of Thinstall; also acquires virtualization services assets from Foedus), NVO -2.4% (stops AERx, takes $260 mln charge in '07 - DJ), FCTR -2.1% (revises merger schedule with Fifth Third), ITC -1.7% (announces offering of 5,363,985 shares of common stock in registered offering)... Analyst downgrades: FL -5.1% (hearing downgraded to Sell at tier 1 firm), ZRAN -3.3% (downgraded to Hold at Deutsche Bank), ABB -3.0% (downgraded to Sell at Citigroup), NVDA -2.9% (downgraded to Hold at Deutsche Bank), WFC -2.9% (downgraded to Underperform at Friedman Billings), VLO -2.6% (downgraded to Underperform at Oppenheimer), GRMN -2.6% (downgraded to Perform at Oppenheimer), EFII -2.4% (downgraded to Neutral at BofA), HAR -2.3% (downgraded to Peer Perform at Bear Sterns), TSO -2.2% (downgraded to Underperform at Oppenheimer), SLB -2.1% (downgraded to Equal Weight at Morgan Stanley), NSC -2.1% (downgraded to Equal Weight at Morgan Stanley), BP -1.8% (downgraded to Underweight at Lehman), LSI -1.7% (downgraded to Hold at Deutsche Bank), FTO -1.6% (downgraded to Underperform at Oppenheimer), CCH -1.3% (downgraded to Neutral at Merrill).

Gapping Up

In reaction to strong earnings/guidance: VIGN +9.0%, MEAD +4.8%, NWY +4.8%, FRX +3.0%, DLA +1.3%, BIDZ +1.2%... M&A news: MANA + 32.3% (to be acquired by Thoma Cressey Bravo for $12.00/share), LCBM + 28.5% (to be acquired by Warburg Pincus for $17.00/share)... Other news: OCN +38.2% (William Erbey, Chairman & CEO, and investors propose to acquire by merger all shares at $7/share), LNX +28.1% (to explore strategic alternatives), KWD +15.1% (Sun Capital commences tender offer to purchase Kellwood for $21.00/share), LGTY +5.3% (says Verizon Wireless selects Logility Voyager Solutions), RT +4.5% (multiple insider purchases disclosed in filings), DROOY +4.0% (still checking), DNDN +3.7% (receives European patent covering Provenge and co's ACI platform technology), AEO +2.9% (Lone Pine Capital reports a 5.4% Passive stake), URS +1.9% (awarded Air Force flight training contract; contract has max value of $267 mln), FAF +1.8% (announces plan to separate its financial services and information solutions, also authorizes repurchase of additional $300 mln in shares), EMC +1.2% (Cramer picks as technology 'comeback' and makes positive comments on MadMoney), NOK +1.0% (Nokia Siemens Networks selected by China Telecom, also announces plans to close its Bochum site in Germany)... Analyst upgrades: DEPO +17.8% (hearing Navellier Quantum new buy), THC + 7.0% (upgraded to Buy at Deutsche Bank), LXU +6.3% (hearing Navellier Quantum new buy), AMAT + 1.8% (added to Focus List at JPMorgan).

Disclaimer & How I use this list