Watchlist for January 9, 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: PRXI -31.9%, SPEC -15.1% IONA -4.8% MERX -4.3% EXFO -4.3% XRTX -2.5% SVVS -2.2% MTRX -2.0%... Select shippers showing weakness: FRO -3.6%, DRYS -2.8%, EXM -1.9%, EGLE -1.7%...  Other news: INSP -44.1% (ex-dividend; also target lowered to $14 at Needham as result of dividend), SI -4.1% (falls overseas on speculation company will cut profit outlook - Bloomberg.com), BHS -3.5% (reports net new home orders and preliminary operating items for Q4), BP -3.2% (speculation analysts are cutting estimates), AKH -3.2% (trades lower in foreign markets, hurt by oil and performance of Eurostar Group)... Analyst downgrades: PZE -3.9% (downgraded to Sell at Citigroup; also downgraded to Underperform at Bear Sterns), MHGC -3.7% (downgraded to Outperform at JMP), GRMN -3.6% (downgraded to Hold at Deutsche Bank), TSO -1.9% (downgraded to Underperform at Bear Sterns), AAI -1.5% (downgraded to Peer Perform at Bear Sterns), GG -1.4% (downgraded to Sector Perform from Outperform at RBC).

Gapping Up

In reaction to strong earnings/guidance: APOL +7.6%, QLGC +6.5%, CKR +5.8% (also announces $50 mln increase to stock repurchase program), EZEM +4.8%, OKE +4.7%, MBWM +4.1%, DD +3.5%, PPDI +3.5% (also tgt raised to $55 at FBR), MOS +3.3% (also Hearing upgraded to buy at tier 1 firm), WFSL +3.1%, ENTG +2.5% (Q4 trends better than expected), CPTS +2.0%, EMMS +2.0%, ARTG +2.0%, F +1.6% (sales in China rise 30% in 2007), VFC +1.5%... Other news: MBI +10.9% (announces $1 bln surplus notes offering; announces reduction in its quarterly dividend; also Fitch says it would affirm MBIA rating if $1 bln offering successful - DJ), DNDN +7.4% (still checking), ETFC +6.7% (reports initial progress of turnaround plan; plans to exit institutional business), CHA +6.3% (still checking), CFC +6.0% (reports December 2007 operational results), CEO +6.0% (still checking), XING +5.4% (still checking), MGM +5.0% (MGM Mirage and Dubai World confirm intention to commence a Dutch Auction Tender Offer), COT +3.4% (reports debt covenant amendment for Q4 2007 and term sheet for new ABL facility), COGT +3.1% (Jefferies finds valuation attractive and recommends investors start accumulating), CWST +3.1% (Paul Larkin joins company as President and COO), TNL +2.9% (to acquire Sonion for $385 mln; expects it to be accretive in subsequent year by approx $0.25/share), NANX +2.7% (announces new patent), TSFG +2.7% (holder McMullen sends letter to South Financial Group), MCRS +2.6% (announces two-for-one stock split), DLTR +2.6% (still checking), LUV +2.2% (up in sympathy with multiple airline upgrades), STJ +2.0% (tgt increased to $61 from $48 at FBR), EBS +1.7% (announces Phase II clinical study results for typhoid vaccine reaffirms clinical endpoints met), MHP +1.7% (announces restructuring of select business operations), BCO +1.1% (Steel Partners sends letter to Brinks-BCO, asks company to put itself up for sale)... Analyst upgrades: DAL +6.2% (upgraded to Peer Perform at Bear Sterns), UAUA +4.6% (upgraded to Neutral at UBS), LDK +4.1% (upgraded to Sector Underperform at CIBC), EXFO +3.8% (upgraded to Buy at Roth Capital), FLWS +3.8% (hearing coverage transferred with a Neutral from Sell at tier 1 firm), AMR +3.5% (upgraded to Sell at UBS), WG +3.0% (initiated with Buy at UBS), BUCY +3.0% (upgraded to Outperform at Baird), VMW +2.7% (initiated with Buy at Lazard), VMW +2.7% (initiated with Buy at Lazard), BTU +2.5% (upgraded to Buy at Calyon), POT +2.2% (hearing added to Conviction Buy List at tier 1 firm), SHPGY +2.1% (upgraded to Outperform at Baird), CAL +2.0% (upgraded to Neutral at UBS), TS +1.9% (upgraded to Buy at Citigroup), AUO +1.9% (upgraded to Overweight at Lehman), REP +1.8% (upgraded to Equal Weight at Morgan Stanley), MON +1.6% (hearing added to Conviction Buy List at tier 1 firm), NWA +1.2% (upgraded to Neutral at UBS), SVU +1.2% (upgraded to Sell at UBS), SFLY +1.1% (upgraded to Buy at Jefferies), SWHC +1.0% (initiated with Positive at Susquehanna).

Disclaimer & How I use this list