Watchlist for September 10, 2008

We've already had a pretty wild session today. The futures have been all over the place in sympathy with LEH. They were up ahead of their pre-announcement of earnings, then tanked on the news and have now rebounded again. Fun times.Let's see if we get a fade of the fade of the fade once the market opens...

On Today's Calendar:

10:35 AM -- 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: HOFT -8.6%, PAY -7.4%... Select airlines ticking lower with crude higher: DAL -8.9%, AAI -5.1%, LCC -4.3%, UAUA -1.9%... Other news: GFIG -23.0% (announces termination of talks with Tullett Prebon; also downgraded to Sell at Citigroup), XEL -2.9% (announces that it has priced 15 mln shares at $20.86), HUM -1.5% (discloses that it will lose 308k members because its pricing for medical drug benefits are above benchmarks), TSN -1.3% (prices 20 mln shares of common stock at $12.75/share)... Analyst comments: CPHD -3.5% (downgraded to Neutral at Piper), DRIV -1.5% (downgraded to Market Weight at Weisel).

Gapping Up

In reaction to strong earnings/guidance: AVAV +7.3%, HIMX +7.3%, TXN +4.4%, FDX +3.0%... M&A news: IRF +6.1% (Vishay Intertechnology increases all-cash proposal for International Rectifier to $23.00/share in cash from $21.22/share)... Select oil/gas names showing modest strength with crude higher: STO +3.3%, HES +2.5%, TOT +1.0%... Select foreign financials showing strength: MTU +6.0%, AXA +3.5%, UBS +3.3%, DB +1.8%, ING +1.3%, BCS +1.2%,... Other news: SNY +5.6% (continued strength on report Glaxo's Viehbacher to replace Le Fur), STM +5.0% (up in sympathy with TXN), CRM +4.6% (will replace FRE in the S&P 500 after the close on 9/12), UPS +3.6% (up in sympathy with FDX), FAST +3.2% (will replace FNM in the S&P 500 after the close on 9/12)... Analyst comments: AEO +3.0% (upgraded to Buy at BofA), NSC +1.8% (upgraded to Buy at UBS), BJRI +1.6% (upgraded to Buy at Wedbush), HWAY +1.1% (raised to Neutral from Sell by Goldman Sachs - DJ).