Watchlist for March 5, 2008

We've got a lot of economic data due out today, including ISM Services and the always important Beige Book. That ISM Services number could be interesting since that's the report which caused the huge drop on February 5th. This is a good day to stay on your toes.

On Today's Calendar:

10:00 -- Factory Orders
10:00 -- ISM Services
10:30 -- Crude Inventories
2:00 -- Fed's Beige Book

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

PDLI -24.1%, AMSWA -18.2%, IDSY -8.8%, KONG -6.7%, FTEK -5.5%, HLYS -5.2%, KCP -4.6%, WCI -4.2%, RGC -2.7%, CLMS -2.5%, HCN -1.4%, MAT -1.1%

Gapping Up

In reaction to strong earnings/guidance: BIG +18.5%, MFB +16.4%, CSIQ +9.4%, CAP +6.5%, SMTC +6.2% (announces new $50 mln stock buyback plan), DIET +2.6%, CXR +2.2%, PFE +1.2%... M&A news: PKTR +31.9% (Elliot Associates offers to aquire for $5.50/share in filing)... Select solar stocks showing strength following CSIQ earnings: SOLF +3.0%, SPWR +1.8%, ESLR +1.8%... Other news: PANC +39.1% (announces discovery of bevirimat patient response predictors; completed phase 2b dose escalation study determines optimal dose range and upgraded to Outperform at Bear Sterns), SCON +7.7% (closes on $15.0 million investment by Hunchun BaoLi Communication), CYD +7.1% (wins major contract for Beijing Olympics), TIBX +7.0% (Citigroup says better than 50/50 chance co is acquired in next 12 mos), CHU +6.4% (traded higher in overseas trading), ATML +6.2% (still checking), PCOP +4.9% (collaboration with Celgene Corporation advances compound into Phase 1 clinical development), TS +4.1% (still checking), AMLN +4.1% (still checking), TMA +3.9% (modestly rebounding after 60% drop over past two days), ABK +3.7% (unlikely to announce any capital raising deal Tuesday, according to source - Reuters), DIVX +3.3% (announces stock repurchase program of up to $20 mln of common stock), UBS +2.4% (still checking), AVA +1.8% (requests increase in Electric and Natural gas prices in Washington), BSC +1.7% (CITIC confirms talks to reopen Bear Stearns deal - Reuters.com), C +1.3% (WSJ reports co isn't looking to raise capital)... Analyst upgrades: KFY +5.1% (hearing removed from Conviction Sell List at tier 1 firm), OMPI +4.8% (upgraded to Outperform at Oppenheimer), FNM +2.2% (upgraded to Equal Weight at Morgan Stanley), PDC +2.0% (upgraded to Buy at Deutsche Bank), OPTM +1.8% (upgraded to Outperform at Oppenheimer), JBL +1.3% (upgraded to Neutral at Merrill), ELN +1.3% (added to Focus List and initiated with Outperform at Credit Suisse), LOGI +1.0% (initiated with Buy at Citigroup), MSFT +0.4% (initiated with Buy at Jefferies).