Watchlist for August 20, 2008

Posted on August 20th, 2008 in Watchlists

The bulls are trying to come back this morning, especially on the Nasdaq. Of course that could all change with the oil inventory report at 10:35…

On Today’s Calendar:

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: NVTL -20.1% (also downgraded to Sell at Piper and downgraded to Hold at Morgan Joseph), JKHY -14.6% (also downgraded to Neutral at Credit Suisse), ARAY -7.5% (light volume), ADI -2.6%, BJ -2.4%… Select airline names ticking lower with crude modestly higher: LCC -5.1%, ALK -4.6%, NWA -3.5%, UAUA -2.3%, CAL -2.0%, DAL -1.9%… Other news: BT -6.3% and BCS -3.6% (trading ex-dividend)… Analyst comments: KSS -1.8% and M -1.6% (downgraded to Neutral at Goldman - Bloomberg).

Gapping Up

In reaction to strong earnings/guidance: PAY +29.5%, OTEX +3.7%, HPQ +3.6%, STP +3.3%… Select metals/mining stocks showing strength: RTP +3.3%, BBL +2.9%, GOLD +2.4%, AUY +2.3% (upgraded to Outperform at RBC), BHP +2.3%, SSL +2.1%, MT +1.5% (acquires Brazilian iron ore miner, London Mining Brazil and acquires Brazilian port facility through partnership with Adriana Resources), GG +1.4% (upgraded to Top Pick at RBC)… Select China names trading higher on light volume following strength in overseas trading (Shanghai index +7.6%): ACH +6.7%, LFC +5.5%, SNP +3.8%, CHL +3.8%… Select solar stocks showing strength boosted by STP results: CSUN +3.6%, SOLF +1.4%, SOL +1.1%… Other news: USEG +24.8% (on light volume following trading halted; signs exploration development and mine operating agreement with Thompson Creek Metals), PDLI +5.2% (the co and Bristol-Myers Squibb enter global alliance to develop novel treatment for multiple myeloma), SYT +2.0% (announces that USDA Approves Syngenta and John Deere for Broadened Biotechnology Endorsement for Corn Crop Insurance), TOT +1.3% (still checking).