It's pretty quiet out there today and that's shown by the relatively flat futures. I wonder if folks are physically and mentally back from the Super Bowl... I know I'm not.
On Today's Calendar:
- 10:00 -- Factory Orders
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. Also be sure to check my typical swing trade entry & exit rules.
Potential day trades:
(From Briefing.com)
Gapping Down
In reaction to weak earnings/guidance: DTG -24.7%, RYAAY -12.7%, MSTR -8.9%, CLX -4.9%, BEAV -4.4%, NTE -3.2%, WEN -2.7%, TYL -2.4%, ADM -1.4%... Other news: UBS -4.3% (U.S. targets UBS in probe - WSJ), MBI -4.0% (still checking for anything new), ASML -3.7% (still checking), ESLR -2.9% (files for a 20 mln share common stock secondary offering)... Analyst downgrades: SGMS -8.1% (downgraded to Peer Perform at Bear Sterns), PIR -6.2% (downgraded to Underperform at Morgan Keegan), LLNW -6.2% (downgraded to Underperform at Jefferies), CWTR -3.6% (downgraded to Underweight at Thomas Weisel), VDSI -3.3% (downgraded to Hold at Jefferies), CHRS -2.9% (downgraded to Mkt Weight at Thomas Weisel), COF -2.4% (downgraded to Sell at UBS), DFS -2.3% (downgraded to Sell at UBS), AXP -2.2% (downgraded to Sell at UBS), ASF -2.2% (downgraded to Equal Weight at First Analysis), WFC -1.9% (downgraded to Sell at Merrill, downgraded to Sell at Stifel), BRCM -1.8% (downgraded to Neutral at JPMorgan), SNV -1.8% (downgraded to Hold at Sterne Agee), MI -1.7% (downgraded to Hold at Stifel), MWV -1.6% (downgraded to Neutral at Longbow), USB -1.4% (downgraded to Sell at Stifel), CNB -1.0% (downgraded to Sell at Stifel).
Gapping Up
In reaction to strong earnings/guidance: PARL +3.4%... M&A news: SGTL +59.8% (to be acquired by Freescale for $3.00 per share)... Select Chinese names trading higher with strength in overseas trading: LFC +6.7%, ACH +6.2%, SNP +5.8%, SEED +4.5%, PTR +3.5%... Other news: GU +18.0% (Cramer makes positive comments on MadMoney, RNWK +10.9% (YHOO switching music unlimited service to Rhapsody owned by RNWK), COIN +7.7% (still checking), APWR +5.6% (continues upward momentum from Friday's 25% surge), OMRI +4.3% (announced that Ana Stancic has, by mutual agreement with co, resigned as Executive Vice President and CFO), YGE +3.2% (announces 2008 guidance for photovoltaic module shipments and attainment of significant operating milestone), CAO +1.6% (confirmed that it has received an unsolicited proposal from ORLY to acquire all of the outstanding shares), DIS +1.4% (signs Chief Executive Officer Robert A. Iger to a new five year contract)... Analyst upgrades: PALM +8.0% (upgraded to Overweight at JPMorgan), DYN +6.6% (upgraded to Buy at Calyon, also mentioned positively in Barron's), SWC +4.0% (added to Focus List at JPMorgan), EPIC +3.4% (upgraded to Buy at Lazard), KSS +2.8% (hearing upgraded to Buy at tier 1 firm), PTEN +2.4% (upgraded to Buy at Jefferies), GW +2.3% (upgraded to Neutral at Jefferies), GME +1.5% (upgraded to Buy at Citigroup), JWN +1.4% (upgraded to Overweight at Thomas Weisel), PBY +1.4% (upgraded to Neutral at Credit Suisse), TYC +1.4% (upgraded to Buy at Merrill), BUCY +1.3% (upgraded to Buy at Keybanc).
Disclaimer & How I use this list
