Watchlist for January 30, 2008

CBS Corporation (CBS)

The Dow Chemical Company (DOW)

Illumina, Inc. (ILMN)

Other charts on my radar are APD, MTW, TDW, BUCY, RDN, TUP, HSC AND NUAN

Potential day trades:

(From Briefing.com)

Gapping Down

In reaction to weak earnings/guidance: CLZR -21.6%, ALGN -20.7%, CYMI -19.3% (also downgraded to Hold at Brean Murray), HTCH -18.7% (also downgraded to Sell at Brean Murray), NATI -12.1% (also downgraded to Sell at Citigroup), CAB -11.5% (also downgraded to Mkt Perform at Wachovia), YHOO -10.0% (also downgraded to Hold at Citigroup, downgraded to Perform at Oppenheimer), BHI -6.0%, FDRY -5.5%, CTX -4.6% (also downgraded to Neutral at UBS), SLGN -3.7%, ADVNB -3.6%, MRK -3.2%, ITW -3.2%, HIFN -3.2%, AGN -3.1%, TRMB -2.3%, SAP -1.7%, WWW -1.6%, UPS -1.3%, BA -1.2%... Select Chinese names trading lower with weakness in overseas trading: LFC -5.8%, PTR -4.3%, CHL -4.0%, ACH -3.7%... Other news: HWAY -14.1% (Credit Suisse says would not be surprised to see stock settle in the low to mid $50s over the near term), RBS -2.8% (down in sympathy with UBS), ABK -2.6% (declares dividend of $0.07 per share, down from last qtr's dividend of $0.21), UBS -2.4% (to post record full-year loss on further mortgage write-downs), HK -1.2% (announces 18 mln share offering priced at $15 per share), SU -1.2% (Alberta says reaches royalty agreement with SU; says SU to pay 20% more royalties under new deal, talks continue - Reuters)... Analyst downgrades: COLM -4.2% (downgraded to Neutral at JPMorgan), S -3.5 (tgt lowered at Deutsche Bank), SMG -3.5% (downgraded to Neutral at JPMorgan), MER -1.9% (downgraded to Underperform at Oppenheimer), CNX -1.4% (downgraded to Outperform from Strong Buy at Raymond James), HAFC -1.1% (downgraded to Underperform at Oppenheimer).

Gapping Up

In reaction to strong earnings/guidance: PXLW +25.0% (also announces "Modified Dutch Auction" tender offer for up to $50 million principal amount of its convertible debt securities), SLAB +11.9%, TUP +10.9%, HLIT +9.2%, WBSN +8.2%, BBOX +7.8%, CYBS +7.1%, EGLT +7.0% (also upgraded to Buy at Broadpoint), RHI +6.3%, FTD +6.3%, JBHT +6.1%, DSPG +4.8%, DOV +4.2%, AUO +4.2%, NEXC +3.5% (also acquires the Great American Cookie Company and expects to be accretive beginning in 2008), FLEX +3.3%, CALD +3.1%, RCL +2.8%, CSGS +2.8%, EK +2.2%, NETL +2.1%, SO +1.3%... M&A news: NUCO +16.3% (signs merger agreement with affiliates of Aurora Capital Group; shareholders to receive $30/share in all-cash offer)... Select drybulk names trading higher after Baltic Dry Index surges 5.1%, largest gain in 2 years - Bloomberg: DRYS +4.1%, TBSI +3.9%, EXM +3.5%, NM +2.6%... Other news: MAGS +16.7% (receives orders of approximately $45 mln to protect critical infrastructure facilities), PEIX +7.7% (among four companies selected by US Department of Energy to research commercial cellulose technology), RMBS +6.5% (might collect royalties of as much as $10 bln by winning a seven year fight with Hynix Semiconductor- Bloomberg), ETFC +6.3% (moves higher on insider purchases), GOLD +4.3% (still checking), CROX +4.2% (still checking), BHP +1.7% and RTP +1.5% (trade higher on talks that RTP books opened to BHP - Reuters), GFI +1.3% (still checking), LEH +1.1% (increases dividend; continues common stock repurchase program)... Analyst upgrades: ZQK +4.8% (upgraded to Overweight at JPMorgan), ALB +3.2% (upgraded to Buy at UBS), CSIQ +2.6% (upgraded to Outperform at Oppenheimer), CCI +1.9% (upgraded to Outperform at Raymond James), SGMS +1.9% (upgraded to Equal Weight at Morgan Stanley), MU +1.2% (initiated with Buy at UBS), NKE +1.1% (upgraded to Overweight at JPMorgan).

Disclaimer & How I use this list