The market's reversing yesterday's late selloff. Let's see if the bulls can push the indices above yesterday's highs and start to leave those September trendlines in the dust.
On Today's Calendar:
- nothing
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: GLS -13.7%, PPO -12.6% (also downgraded to Neutral at Merriman Curhan Ford), HIG -12.4% (also downgraded to Neutral at Merrill), DGLY -10.9%, CGNX -7.8% (light volume), SYMC -6.9% (downgraded to Accumulate at ThinkPamure), JDSU -4.3%, AVP -2.5% (light volume), CLNE -2.2%, BGC -1.8%, RDS.A -1.5%... Other news: ELN -18.4% and BIIB -9.7% (notified of a confirmed case of PML in a multiple sclerosis patient treated with TYSABRI), MICC -11.5% (announces that the government of the Republic of Senegal has informed Millicom of its intention to revoke the license to provide mobile telephony services), ACM -2.2% (files for common stock shelf offering of up to ~1.7 mln shares).
Gapping Up
In reaction to strong earnings/guidance: OI +24.9%, DB +20.3%, MALL +19.9%, ALU +15.6%, MYL +13.2%, GNK +10.1%, UL +7.3%, FSLR +7.1% (also upgraded to Buy at Soleil), AZN +6.3%, SMSI +6.3%, NVO +6.3%, CVLT +6.1%, VCLK +3.9%, CI +3.1%, V +2.0%, XOM +1.4%... M&A news: BRCD +20.4% and FDRY +19.2% (Foundry Ntwks and Brocade reach agreement in principle to reduce acquisition purchase price), DAL +9.1% and NWA 6.2% (Delta Air Lines and Northwest merge)... Select solar names trading higher boosted by FSLR results: STP +16.9%, AKNS +10.0%, SOLF +8.5%, CSIQ +7.9%, JASO +6.5%, YGE +5.1%, LDK +4.4%... Select financial stocks showing strength: CS +13.3%, ING +12.9%, STD +12.2%, HBC +6.3%; also U.S. Treasury confirms investments in banks including MS +5.6%, BAC +3.7%, GS +3.4%, C +2.9%, JPM +2.4%... Select oil/gas related names showing strength: CEO +12.9%, PBR +7.4%, STO +6.3%... Select metals/mining names showing strength: AUY +8.2%, RTP +8.2%, BHP +7.6% (BHP Billiton, targeting Rio, may boost dividends as debt low - Bloomberg.com), RIO +6.1%, BBL +4.7%, AAUK +3.8%, GOLD +3.4%, GLD +1.8%... Other news: NOK +6.9% (still checking), TRN +3.8% (Cramer makes positive comments on MadMoney)... Analyst comments: SPLS +6.6% (upgraded to Market Perform at Friedman Billings), NEM +3.3% (upgraded to OVerweight at JPMorgan).
Disclaimer & How I use this list
Gapping Up
In reaction to strong earnings/guidance: DENN +36.7% (upgraded to Buy at Merriman), HERO +14.6%, RFMD +12.6%, FLS +11.0%, ARRS +9.0% (light volume), APOL +7.0%, AG +5.9%, ANR +4.6%, RNT +3.4%, NEM +1.1%... Select oil/gas related names showing strength with crude higher: STO +5.4%, TOT +4.4%, E +4.3%, PBR +3.6%, VLO +3.1%, CHK +3.1%, NOV +2.8%, RDS.A +2.4%, BP +2.0%, XOM +0.7%... Select metals/mining names trading higher: SLW +12.9%, SLV +6.1%, AUY +4.9%, RTP +4.2%, KGC +4.2%, GOLD +3.8%, ABX +3.4%, BHP +3.3%, GG +2.9%, AAUK +2.8%... Other news: TSRA +22.0% (announces arbitration panel finds Tessera patents valid and enforceable), SI +10.1% (still checking), CALM + 6.9% (to replace UNT in the S&P600), BEBE +5.7% (Cramer makes postivie comments on MadMoney), SAP +5.2% (still checking), AVAV +3.6% (Cramer makes postivie comments on MadMoney), ING + 2.2% (still checking)... Analyst comments: PCU +8.1% (upgraded to Buy at Citigroup).
Disclaimer & How I use this list
Since Dr Duru is one of your better friends - and trying to write to him requires hoops that require effort - let me say - INTC and Thanks
It was obvious and ready - Mike thanks for the intrusion - after all you turned me on to Dr D
more than a year ago - I'm a fan!!!!