Watchlist for August 26, 2008

10:00 -- Consumer Confidence
10:00 -- New Home Sales
2:00 -- FOMC Minutes

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: COT -17.0%, DRI -10.1%, AEO -2.5%, RTP -1.9%... Select metals/mining names showing weakness with lower spot prices: AU -4.0%, MTL -2.4%, GFI -2.1%, GLD -1.6%... Other news: SIRF -4.5% (ITC judge recommends halt to importation of all products containing SiRF GPS chips that infringe Broadcom patents), CHU -4.5% (traded lower overseas on concern earnings may drop due to increased capital spending - Bloomberg.com), SSL -3.1% (still checking), YUM -2.9% (trading down in sympathy with DRI), NDSN -2.8% (Cramer makes negative comments on MadMoney)... Analyst comments: MRVL -4.4% (downgraded to Hold at Jefferies), IDTI -3.6% and BRCM -1.9% (downgraded to Perform at Oppenheimer).

Gapping Up

In reaction to strong earnings/guidance: DAKT +11.9%, CHS +10.4%, BIG +3.8%... M&A news: SRVY +7.0% (declares proposal from a strategic buyer to be a superior proposal, shareholders to receive $17.50 per share in cash)... Select mortgage/financial names modestly rebounding: RDN +5.7% (expands field sales force by ~30% to date), ABK +5.0%, FNM +5.0%, FRE +4.9%, LEH +1.3%... Select airlines ticking higher on lower crude and strength in dollar: LCC +5.4%, JBLU +3.6%, UAUA +2.5%, AMR +2.4%, CAL +1.6%... Other news: CLNE +9.8% (Cramer makes positive comments on MadMoney), SATC +9.4% (announces they will deliver 20MW of 500kilowatt PowerGate Plus grid-tie commercial photovoltaic inverters as part of new agreement), NVAX +3.7% (announces 'favorable' results from Phase I/IIa pandemic influenza vaccine program), ELN +3.5% (continued strength following yesterday afternoon's 7% surge), MDRX +3.4% (Cramer makes positive comments on MadMoney), COH +2.8% (establishes new $1 bln share repurchase program), APC +2.4% (announces $5 bln share repurchase program), ASML +1.8% (still checking)... Analyst comments: CRM +2.6% (upgraded to Buy at Citigroup).