Watchlist for April 29, 2008

One more day til the big bad event...

10:00 -- Consumer Confidence

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 disappointing earnings/guidance: IBAS -26.5%, GIL -20.7%, LCAV -20.3%, IVAC -18.8% (also downgraded to Sell at Piper), TUNE -11.0% (also downgraded to Hold at Roth Capital), UCTT -10.8%, UA -10.6%, LDSH -10.1%, MAS -10.1%, MDR -9.7%, ENR-9.6%, TRID -8.7%, SFN -6.2%, DGII -5.7%, MHP -5.2%, RTI -4.8%, TITN -4.6% (also files for a 3.5 mln share common stock offering), CHINA -3.2%, ATHR -2.8%, AATI -2.7%, FTI -2.5%, MTW -2.4%, PRE -2.3%, X -1.3%, HIG -1.1%, DB -1.0%... Select gold stocks showing weakness with lower spot prices on strengthening dollar: DROOY -8.3%, GOLD -3.5%, AU -3.5%, HMY -3.4%, AUY -2.6%, GFI -2.0%, AEM -1.7%, NEM -1.6%, GLD -1.1%... Other news: MRK -7.0% (receives not approvable letter from FDA for MK-0524A; reaffirms FY08 EPS guidance in-line), DHT -4.9% (announces it plans to offer approx 7 mln common shares in a registered public offering), AAUK -2.9% (1Q platinum production hit by power - DJ), ABB -1.5% (still checking), FHN -1.4% ($600 mln offering of common stock at $10/share)... Analyst downgrades: COT -5.3% (downgraded to Sector Outperform at CIBC), THC -4.9% (downgraded to Hold at Deutsche Bank and initiated with Sell at Citigroup), HMA -3.6% (initiated with Sell at Citigroup), POT -2.7% (downgraded to Sector Perform at RBC), SYMC -2.3% (downgraded to Mkt Perform at Morgan Keegan), SINA -1.5% (downgraded to Hold at Kaufman).

Gapping Up

In reaction to strong earnings/guidance: ACTU +13.0%, FLS +10.8%, ARMH +10.3%, MA +7.2%, ODP +7.0%, BKHM +6.2%, RDS.A +5.6%, TXRH +5.5%, CBAK +4.7%, GLW +4.4%, ACTS +4.3%, STM +4.0%, MCHP +3.8%, VLO +3.4%, AVP +2.9%, SUPG +2.4%, AUTH +2.3%, GPRO +2.2%, ADM +1.8%, PCZ +1.7%... Other news: TSON +6.6% (receives FDA 510(k) clearance for the AxiaLIF 2L, two level Percutaneous Lumbar Fusion), APOG +5.6% (Cramer makes positive comments on MadMoney), INFY +3.3% (India IT stocks rally on tax holiday extension - Reuters.com), TSO +2.8% and TOT +2.5% (up in sympathy with VLO, RDS.A and BP), ABT +2.7% (still checking), GTLS +2.3% (up in sympathy with MDR), ETN +1.3% (Cramer makes positive comments on MadMoney), FRPT +1.3% (DoD awards FRPT a $15.3 mln contract)... Analyst upgrades: WB +1.0% (upgraded to Buy at Deutsche Bank).