Watchlist for May 19, 2008

Posted on May 19th, 2008 in Watchlists

The 200-day moving averages still have my attention. The Nasdaq flirted with slipping back under its 200 DMA on Friday but late day buying pushed it back above that line. The S&P is just a few points from its first touch of its 200 DMA in 2008.

On Today’s Calendar:

10:00 — Leading Indicators

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: NEXC -40.7% (very light volume following resumption of trading), LOW -3.6%, CPB -1.0%… Other news: MPG -8.6% (confirms it has replaced President and CEO with Nelson Rising), BCE -7.9% (NY Times reports BCE buyout is in trouble), RBS -7.6% (following weakness in overseas trading after target cut at tier 1 firm), FEED -4.8% (Barron’s comments on AgFeed consultant), ETFC -3.7% (sells stake in India-based financial services firm - NY Post), MTW -3.7% (revises its offer to acquire Enodis plc for $2.4 bln), GNK -3.3% (commences public offering of primary and secondary shares of its common stock), UN -3.0% (still checking), HD -2.1% (down in sympathy with LOW), RTP -1.6% and BHP -1.5% (still checking for anything specific)… Analyst downgrades: TRA -4.1% (initiated with Sell at tier 1 firm), HOLX -3.4% (downgraded to Hold at Soleil), AKAM -2.6% (downgraded to Hold at Citigroup), GRMN -2.0% (downgraded to Hold from Buy at Needham), AEO -1.9% (downgraded to Underperform at FBR), CAL -1.6% (downgraded to Underweight at JPMorgan), BUCY -1.3% (downgraded to Hold at Keybanc), JOYG -1.2% (downgraded to Hold at Keybanc), DIS -0.7% (downgraded to Neutral at Pali Research).

Gapping Up

In reaction to strong earnings/guidance: PWRD +2.2%… Select solar stocks showing continued strength: SOLF +10.0%, CSUN +8.5%, ASTI +6.0%, JASO +3.7%, ESLR +2.5%, YGE +2.3%, SPWR +2.1% (announces third Solar-Cell Fab), FSLR +1.2%… Select gold names showing strength with slightly higher spot prices: GOLD +2.7%, AUY +2.1%, AEM +2.0%, ABX +1.5%… Other news: MTZ +11.7% (Cramer makes positive comments on MadMoney), BTRX +8.9% (SAC Capital discloses 6.3% stake in 13G filing), CPST +6.0% (still checking), SCMP +4.6% (New AMITIZA phase III studies demonstrated overall symptom improvement in adult women with irritable bowel syndrome with constipation), BIDZ +2.1% (acquires $23.9 million lot of finished jewelry from bankruptcy auction), AZN +1.9% (still checking), PKG +1.6% (Cramer makes positive comments on MadMoney), NOK +1.6% (wins contract from TIM in Brazil to supply wireless network - Bloomberg), YHOO +1.6% (remains open to value maximizing transactions; Microsoft is considering and has raised with Yahoo! an alternative that would involve a transaction with Yahoo!), EMC +1.6% and INTC +1.2% (still checking)… Analyst upgrades: NCC +4.8% (upgraded to Buy at Citigroup), AMZN +3.1% (hearing coverage assumed with Buy at tier 1 firm), TXN +2.2% (upgraded to Buy at Citigroup), CPWR +2.1% (upgraded to Buy at BofA), AAUK +1.2% (upgraded to Buy at Citigroup).