Watchlist for August 13, 2008

We're set for more selling today, at least at the open. Oil is trying to bounce again today but we won't see it's true direction until after the inventory report.

On Today's Calendar:

10:00 -- Business Inventories
10:35 -- Crude 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: TWB -33.6% (also downgraded to Sell at Citigroup and downgraded to Underperform at Friedman Billings), PODD -14.5%, HQS -14.3% (light volume), SATC -10.9%, WCG -9.0%, DE -8.5%, CSIQ -7.8%, LIZ -7.0%, ERII -6.2%, SRX -5.4%, M -2.9%, CRME -2.0%... M&A news: CVS -3.9% (to acquire Longs Drug Stores for $71.50 per share)... Select airline/cruise-related stocks trading modestly lower: CUK -3.7%, CCL -3.0%, UAUA -2.9%, CAL -2.1%, AMR -1.6%, DAL -1.5%, LCC -1.5%... Select European financials trading lower following weakness overseas: RBS -5.4% (CBA pulls out of talks with RBS - Financial Times), LYG -4.5%, BCS -2.9%, UBS -2.3% (UBS chiefs knew of rule breaches - FT), DB -2.3%, HBC -1.7%... Other news: CAP -4.1% (prices offering of 2.25 mln common shares at $15.50/share), CBMX -3.4% (files for $100 mln common stock offering), BTI -1.8% (still checking)... Analyst comments: MDRX -5.5% (downgraded to Market Weight at Weisel), LVLT -3.5% (downgraded to Underperform at Oppenheimer), ARAY -3.1% (downgraded to Hold at Jefferies), FOSL -2.6% (removed from Focus List at Morgan Keegan), CCOI -2.1% (downgraded to Underperform at Oppenheimer), TJX -1.4% (downgraded to Hold at Lazard Capital), HLEX -1.2% (downgraded to Market Perform at BMO Capital Markets), CNSL -1.0% (downgraded to Neutral at Credit Suisse).

Gapping Up

In reaction to strong earnings/guidance: DISK +19.7%, LFT +10.8% (light volume), CFSG +9.9%, SORL +7.8%, SBLK +6.3% (light volume), BRCD +5.1%, NVDA +4.6%, CREE +4.3%, APEI +2.5%, DPS +2.5%, AMAT +2.3%, TOL +1.3%, SQM +1.0% (light volume)... M&A news: LDG +29.9% (CVS Caremark to acquire Longs Drug Stores for $71.50 per share)... Select metals/mining stocks modestly rebounding: AAUK +2.1%, HMY +1.8%, AUY +1.7%, GG +1.2%... Other news: RAD +8.6% (trading up in sympathy with LDG), MHGC +6.4% (Zabeel and Mubadala square up for Morgans hotels - Times of London), TS +2.7% (still checking), ASML +2.0% (still checking), HRB +1.2% (Ameriprise Financial to acquire H&R Block Financial Advisors for $315 mln).