Watchlist for July 31, 2008

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: BARE -22.0% (also downgraded to Neutral at Piper), AKAM -20.6% (also downgraded to Market Perform at FBR), HOLX -17.9% (also downgraded to Hold at Jefferies), NHWK -17.0%, SSYS -14.4%, ARCI -13.5% (light volume), BT -10.8%, CNX -10.7% (light volume), THQI -9.7% (also downgraded to Hold at Lazard, downgraded to Hold from Buy at Sterne Agee and downgraded to Perform at Oppenheimer), NEWP -9.0% (also downgraded to Hold at Brean Murray), GGP -8.4% (also downgraded to Sell at Citigroup), OII -8.3%, HRS -7.1%, LVS -5.9%, PH -5.1%, MA -5.1%, FLDR -4.9%, HMN -4.6%, DIS -3.7%, TSS -3.5% (also downgraded to Equal Weight at First Analysis), SNY -2.9%, RDS.A -2.4%, XOM -2.1%, MO -2.1%, AVB -2.0% (also downgraded to Underperform from Neutral at Merrill), V -1.8% (also upgraded to Buy from Add at Calyon), UNM -1.4%, SFI -1.1%... Select mortgage/financials pulling back: MBI -4.9%, FNM -4.8%, LEH -4.6%, FRE -4.0%, MER -3.8%, WB -3.4%, BAC -3.2%, WM -3.0%, C -2.3%, WFC -1.9%, GS -1.9%, MS -1.8%, JPM -1.6%... Other news: UN -9.0% (falls in Europe on lower 2Q volumes - DJ), GM -6.1% (still checking), TM -2.9% (Toyota Motor group cos Denso, Aisin Seiki and Toyota Industries were trounced after cutting their outlooks, casting a cloud over the mkt), CHKE -2.2% (cuts quarterly dividend to $0.50 a share from $0.75; ends strategic alternative process), ASML -1.5% (still checking)... Analyst comments: LYG -4.4% (downgraded to Hold at Deutsche Bank), KEY -2.2% (downgraded to Neutral at Baird), AVP -1.4% (downgraded to Hold at Deutsche Bank), GRMN -1.3% (downgraded to Hold at Wedbush), EXR -1.1% (downgraded to Hold at Deutsche Bank).

Gapping Up

In reaction to strong earnings/guidance: PDGI +16.3% (also upgraded to Buy at Jefferies), MOT +13.3%, DXPE +13.0%, TTEK +12.6% (also awarded 2 energy projects for approx. $28 mln and awarded $64 mln BRAC design-build project contract), LKQX +12.3%, ARRS +12.0%, ANDE +10.5%, OIIM +9.4%, CGV +8.9%, GOLD +8.8%, TYC +8.2% (light volume), AMCC +7.9%, SHPGY +7.9%, MTZ +7.8% (also upgraded to Outperform at FBR), SYMC +6.7%, MRO +6.4% (also announces it is evaluating separation of businesses; decision expected during 4Q08), FSLR +6.3%, TRN +6.3%, WYN +5.8%, ITRI +5.0%, AZN +4.7%, SBUX +4.4%, FLS +4.4%, MUR +3.7%, GMR +3.6% (light volume), IP +3.6%, ESRX +3.6%, SWN +3.5%, FTE +3.5% (light volume), CVC +3.5%, ULBI +3.2%, OI +3.0%, TRCA +2.7%, WLL +2.5% (upgraded to Outperform at RBC), CIR +2.0%, NLY +1.3%, GG +1.3%... M&A news: IMCL +40.8% (Bristol-Myers Offers To Acquire Imclone For $60/Share)... Select metals/mining stocks trading higher with strength in commodities and dollar weakness: LMC +3.1%, BHP +2.3%, AU +2.0%, RTP +1.9%, BBL +1.7%, GFI +1.5%... Select solar stocks showing strength boosted by FSLR results: SOLF +6.8% (signs 30MW sales contract with Martifer Solar), SOLR +5.2% (still checking), CSUN +4.7%, YGE +4.7%, SOL +4.3%, JASO +3.9%, CSIQ +3.6%, ESLR +3.5%, SPWR +2.6%, STP +2.4% (the co and PV Crystalox Solar PLC, a specialist multicrystalline solar wafer manufacturer, announce they have signed an initial five-year silicon wafer supply agreement)... Other news: CADX +52.6% (announces FDA concurrence with clinical development plan for Acetavance), GVHR +7.2% (to engage in strategic discussions), AMLN +5.5% (still checking), QGEN +5.1% (still checking), MTL +5.0% (Russia widens coal probe to Evraz, Raspadskaya - WSJ), AMD +4.7% (still checking), PCLN +2.5% (will replace KEM in the S&P MidCap 400), RIMM +1.9% and RHT +1.0% (Cramer makes positive comments on MadMoney)... Analyst comments: SGP +6.0% (upgraded to Buy at Merrill), GTE +2.6% (upgraded to Overweight at Weisel), DELL +2.1% (upgraded to Outperform from Neutral at Cowen).

Disclaimer & How I use this list