It may be worth paying special attention to the retail sector today since the better than expected April retail sales report has given the futures a boost this morning.

On Today’s Calendar:

• 10:00 — Business Inventories

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: CRZ -15.8%, USS -14.3%, DFR -11.3%, VVTV -10.3%, FXEN -9.1%, LDK -7.0%, HOKU -6.8% (also files for a $110 mln mixed shelf offering and co and Solarfun approve amendment and extension of polysilicon supply agreement), ABP -6.0%, NUAN -6.0%, WSPI -5.8%, WNR -4.2%, DISH -3.1%, SIL -2.6%, VGR -2.0%, HPQ -1.8% (also confirms it will acquire EDS for $13.9 bln and hearing removed from Americas Conviction Buy List at tier 1 firm), WMT -1.5%… Select European financial names trading lower following weakness in overseas trading: RBS -3.6%, BCS -2.5%, UBS -1.9%, DB -1.3%, ING -1.0%… Select gold stocks showing weakness with lower spot prices: AU -2.1%, AUY -2.1%, GOLD -1.9%, NEM -1.5%, GFI -1.3%, GLD -1.1%… Other news: DT -8.5% (holder KfW to sell convertible bond - Bloomberg.com), PPC -6.8% (agrees to underwritten offering of common stock), TRLG -6.7% (still checking), TBSI -6.6% (announced follow-on offering of 3.4 million common shares), NAT -4.5% (announces that it has commenced an offering of 4 mln shares), HT -2.8% (announces commencement of public offering of 6 mln common shares), ASML -2.7% (still checking), NLY -2.5% (files for 40 mln share common stock offering), TS -1.4% (still checking)… Analyst downgrades: GNA -3.7% (downgraded to Hold at KeyBanc), LHCG -2.8% (downgraded to Market Perform at Wachovia), MNT -2.8% (downgraded to Hold at Lazard Capital), HBHC -2.0% (downgraded to Market Perform at Keefe Bruyette), BKUNA -1.4% (downgraded to Hold at Sterne Agee), CETV -1.3% (hearing downgraded to Neutral at tier 1 firm).

Gapping Up

In reaction to strong earnings/guidance: FSYS +18.6%, CSIQ +17.3%, KNXA +15.1%, NTWK +13.6%, ULTR +11.1%, FLR +7.2%, PAL +5.8%, WRNC +5.4%, BE +5.4%, BYI +4.3%, PGIC +3.5%, PBR +3.0%, PSEC +2.7%, GIGM +1.9%, CCJ +1.7%… M&A news: IOMI 110.3% (Intercell AG to buy Iomai in a cash deal worth $6.60/share), EDS 0.9% (HPQ confirms it will acquire EDS for $25/share)… Other news: CKXE +6.2% (revised purchase offer from 19X for $12 per share), FWLT +3.8% (up in sympathy with FLR), CFX +3.4% (Cramer makes positive comments on MadMoney), OC +2.0% (Cramer makes positive comments on MadMoney), EMR +1.9% (Cramer makes positive comments on MadMoney), SOLF +1.2% (HOKU Scientific and Solarfun approve amendment and extension of polysilicon supply agreement)… Analyst upgrades: MEDX + 3.1% (upgraded to Buy at Needham), BOOM + 2.1% (upgraded to Buy at Keybanc).

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