Watchlist for February 5, 2008

We're off to an interesting start today. They released the ISM Services report early b/c there were rumors that the data had been leaked. The report came in much worse than expected and has tanked the futures.

On Today's Calendar:

nothing

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: SIRF -41.6% (also multiple analyst downgrades), RMKR -25.2% (also downgraded to Hold at Brean Murray), WOOF -19.0% (also downgraded to Neutral at Piper), ARMHY -15.0%, PFG -8.0%, AUTH -7.1%, SNCR -6.4%, AXS -5.0%, MLM -3.5%, SGTL -3.4%, NSM -3.3% (also downgraded to Market Perform at Raymond James), SCUR -3.2%, PWAV -2.9%, UTR -2.9%, CATS -2.6%, YUM -2.3%, RMBS -2.1%, HHGP -1.7%, CBL -1.6% (also downgraded to Mkt Perform at Friedman Billings), NYX -1.2%, ROCM -1.1%... Select European financials trading lower: CS -3.4%, UBS -3.0%, HBC -2.5%, BCS -2.1%, SLM -1.6%... Select mining stocks showing weakness: SWC -3.3%, AUY -2.8%, NEM -1.8%, HMY -1.6%, GFI -1.6%, BHP -1.4%, GLD -1.2%... Other news: PEG -49.9% (due to 2-for-1 stock split), ASMI -4.4% (still checking), ACH -4.3% (Australia may review Rio stake purchase - FT), NOK -3.7% and ERIC -3.2% (down in sympathy with NSM), GRMN -3.1% (down in sympathy with SIRF), TXN -2.6% (down in sympathy with NSM)... Analyst downgrades: BKS -3.1% (downgraded to Neutral at JPMorgan), EDS -1.9% (downgraded to Underweight at Morgan Stanley), NSC -1.6% (downgraded to Neutral at UBS), GS -1.4% (downgraded to Perform at Oppenheimer), YHOO -1.2% (downgraded to Neutral at BofA).

Gapping Up

In reaction to strong earnings/guidance: SPF +19.6%, NTCT +14.2%, YTEC +10.0%, TMA +9.2%, ILMN +8.6% (also upgraded to Buy at Canaccord Adams), NETM +6.9%, SVVS +6.4%, MTW +4.8%, CE +4.6%, GIB +4.1%, BMI +3.5%, CSC +3.5%, PRGO +3.4%, DTPI +2.6%, LVS +2.5%, WATG +1.9%, VSAT +1.3%, THOR +1.1%... Other news: GTCB +22.5% (announces ATryn meets primary endpoint), SVN +15.9% (to consider strategic alternatives), CXP +12.8% (Staples in talks to buy Corporate Express: Paper - Reuters), SVNT +5.3% (reports additional positive trial data for secondary endpoints from Puricase Phase 3 studies), HOT +4.8% (Investor group led by Sam Zell reports a 7.72% stake), COGO +3.3% (still checking), ACTU +3.1% (announces increase of existing stock repurchase program by over 50% for Q1 of FY08), FRX +2.6% (announces positive results of Memantine study of once-daily formulation), AGU +1.7% (up in sympathy with MOS and POT upgrades), SHFL +1.4% (announces plan to appeal Nevada District Court summary judgment), STX +1.3% (announces dividend increase to $0.12 from $0.10 and $2.5 bln share repurchase program)... Analyst upgrades: PHM +5.0% (upgraded to Buy at BofA), MDC +4.6% (upgraded to Buy at BofA), AMKR +3.2% (upgraded to Overweight at Lehman), ACTU +3.1% (upgraded to Strong Buy at JMP), GBX +3.0% (upgraded to Outperform at Bear Stearns), ZRAN +2.9% (upgraded to Outperform at Oppenheimer), MOS +2.6% (upgraded to Buy at Citigroup), KBH +2.4% (upgraded to Buy at BofA), PBY +2.3% (upgraded to Mkt Weight at Thomas Weisel), ACI +1.8% (upgraded to Overweight at JPMorgan), BRCM +1.7% (hearing coverage assumed with Buy at tier 1 firm), POT +1.6% (upgraded to Buy at Citigroup), TOL +1.1% (upgraded to Neutral at BofA).