I sold the balance of my swing in $UNIS early as it opened up weak and I took a small profit.$ACUR which I hold for a swing from $2.10 had a decent day yesterday and could be getting some mojo. I got stopped out of two swings $ARC and $KTOS for small losses and I added $CYTK 1.18,$APP 2.15 and $Royl @ 3.01.
I also had a very quick scalp trade in $RNIN from 1.75 and sold it @ 1.95. It was a fantastic day and I would love to repeat it. Unfortunately, waking up in the morning and having a stock you own up nearly 50 percent just doesn't happen every day.
Looks like maybe the market is going to open up a little weaker than it has been. Earnings form the banks don't appear to be impressing the market even though both Wells Fargo and JPM reported better than expected earnings.
Retail sales also were a big miss so the market could be a little weak today.
Morning movers and watch list
$BIOL, $ACUR, $ACAD red to green, $ROYL, $CLNT pr Earnings beat, $ATHX 2 dolla roll, $CLDX, $HTCH, $$GLUU, $CYTK, $SYNC,$VELT,$HZNP,$MERU, $ZQK
Seeking Alpha
Today's Markets:
In Asia, Japan -0.5% to 13485. Hong Kong -0.1% to 22089. China -0.6% to 2207. India -1.6% to 18243.
In Europe, at midday, London -0.4%. Paris -1%. Frankfurt -1.4%.
Futures at 7:00: Dow -0.2%. S&P -0.2%. Nasdaq -0.3%. Crude -1.3% to $92.30. Gold -1.1% to $1547.70.
Today's economic calendar:
8:30 Producer Price Index
8:30 Retail Sales
9:55 Reuters/UofM Consumer Sentiment
10:00 Business Inventories
12:30 PM Bernanke Press Conference
Notable earnings before today's open: JPM, SJR, WFC
Briefing.com
Gapping up
In reaction to strong earnings/guidance: CLNT +27.8%, WLT
+6.1%, GPS +0.2%.
Select WLT coal peers trading higher: JRCC +8.1%, ANR
+3.8%, ACI +3.6%, BTU +2.3%, CLF +1.9%.
Other news: FST +15.5% (Forest Oil details accelerated
Eagle Ford Shale
drilling program), ASH +5.3% (JANA PARTNERS discloses
7.4% active stake in 13D filing), IOC +4.9% (ticking higher, is set to agree on
Shell LNG partnership, according to reports), NFLX +2.9% (Netflix higher by ~2% in afer hours
trading, CEO Reed Hastings said customers watched over 4 bln hours on Netflix over the past three months ), SHPG +1.1% (still checking), GLUU +1% (announced
Lorne Abony has joined the company's Board of Directors as Chairman of the
newly-created Strategy Committee), BBRY +0.7% (BlackBerry denies reports of
weak sales and high returns for Z10 device, according to reports), LLY +0.5%
(to lay off hundreds of sales reps, according to reports).
Analyst comments: RAD +3.8% (upgraded to Outperform from
Mkt Perform at
Raymond James ), HD +1.1% (upgraded to Buy from Hold at
Jefferies), WSM +0.8% (added to Top Picks Live list at Citigroup), AMZN +0.2% (Hearing positive
Credit Suisse comments; citiing structural and margin benefits from expanding
fulfillment footprint )
Gapping down
In reaction to disappointing earnings/guidance: INFY
-16.6%, HRS -7.4%, XXIA
-4.7%, JBHT -2.9%, WFC -1.4%, JPM -0.8%, .
Financial related names showing weakness: NBG -14.2%
(ongoing speculation of
additional bailout, Reuters discusses comments from
officials that Cyprus is not planning to ask for more bailout money, following speculation overnight
that it would), SAN -2.1%, BBVA -1.7%, MS -1.7%, BAC -1%, HBC -0.8%
(downgraded to Hold from Buy at Liberum), GS -0.5%.
Metals/mining stocks trading lower: AG -2.7%, AUY -2.6%,
HL -2.3%, GG -2.3%,
ABX -1.3%, GLD -1.1%, SLV -1.1%, RIO -1%, BBL -1%, BHP
-0.9%, NEM -0.9%, GOLD -0.6%, .
Other news: NVGN -18.8% (announces placement of stock to
raise $2.5 mln), MNKD -6.8% (still checking), CTSH -4.7% (ticking lower
following INFY results), WIT
-3.8% (ticking lower following INFY results), CACC -2.5%
(prices secondary offering by selling shareholders of 1.5 mln shares at $105.00 per share), DB
-2.5% (still checking), DRTX -2.5% (Durata Therapeutics prices 7.15 mln share
offering at $7.00 per share), JCP -2.1% (continued weakness, several stories
out in the name), WERN -0.8% (following JBHT results), RTN -1.8% and GD -0.8% (following HRS guidance), TEVA -0.7% (weakness attributed to cautious comments
on MadMoney), FB -0.7% (today is launch of FB home).
Analyst comments: MPW -3.1% (downgraded to Underperform from Neutral at
BofA/Merrill), RUK -1.8% (downgraded to Hold from Buy at Jefferies), KO -0.9%
(downgraded to Neutral from Buy at Davenport), KORS -0.6% (initiated with a
Underperform at Credit Agricole).
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Good luck trading today !!!!
No comments:
Post a Comment