Watchlist for July 31, 2008

Posted on July 31st, 2008 in Watchlists

GDP and jobless claims data have sent the futures reeling this morning. So the indices are headed right back into the middle of their recent trading ranges…

On Today’s Calendar:

9:45 — Chicago PMI

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: 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).