I’m surprised there’s not a decent sized drag on the futures this mornings due to FedEx and their sneaky, late Friday warning. I guess strength in the dollar is outweighing the FDX effect.

On Today’s Calendar:

• None

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: GENC -21.5%, OMNI -7.1%, TTI -7.0%, VAL -6.3%, IMB -5.2%, MBI -4.6%, S -4.1%, FDX -3.3% (also downgraded to Mkt Perform at Morgan Keegan), IMAX -3.0%, HL -2.1%… Other news: GTE -12.6% (to file form 10-k/a to restate financial statements), CSR -5.0% (announces resignation of President, Shufang Yang), SOV -4.7% (announces a $1 bln common stock offering; announces offering of $500 mln of fixed rate subordinated notes), SOL -3.0% (still checking), ABK -1.8% (down in sympathy with MBI), RTP -1.4% (still checking), MDR -1.1% (Cramer makes negative comments on MadMoney)… Analyst downgrades: LNG -11.0% (downgraded to Underperform at RBC and downgraded to Hold at Citigroup), PSUN -5.2% (downgraded to Sell at Citigroup), IMCL -4.1% (downgraded to Underweight at Morgan Stanley), SDA -2.0% (downgraded to Sell at UBS), NM -1.5% (downgraded to Perform at Oppenheimer), CCOI -1.1% (downgraded to Sector Perform at RBC and downgraded to Neutral from Outperform at Cowen).

Gapping Up

In reaction to strong earnings/guidance: VCGH +12.9%, COGT +10.8%, ANN +9.8%, CHTR +8.4%, XMSR +2.5%… M&A news: RADN +46.1% (to be acquired by Comtech-CMTL for $11.50 per share)… Other news: VC + 6.7% (Cramer makes positive comments on MadMoney), BBI + 4.5% (Citigroup discusses proposed CC deal; says negative sentiment overdone), ECA + 4.2% (to split into two energy companies), CNTF + 4.0% (co and Epic Games China sign licensing agreement), HBC + 2.9% (says quartlery profit up, but bad debts jump - Reuters), LDK + 1.5% (still checking), TOT + 1.2% (still checking)… Analyst upgrades: NWK + 7.9% (upgraded to Buy at Brean Murray), CPST + 5.1% (initiated with Buy at Merriman), ZRAN + 5.1% (upgraded to Buy at Piper), TDSC + 4.1% (upgraded to Neutral at Piper), TI + 2.4% (upgraded to Buy at Deutsche Bank), EP + 1.7% (upgraded to Buy at Merrill).

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