I took two day trades both on PR announcements $CERS and $NOR.
$NOR turned out to be my play of the day and $CERS I wound up selling out of close to flat. I missed $FXEN which I really have no excuse for I found it early but for some reason I just didn't pull the trigger.
Today looks like it may be another up day in the markets and with earnings season in full force there are bound to be some good plays out there.
Metals and miners which have been decimated, seem to be bouncing so I may look to find some plays in that sector. I wouldn't keep these as swings unless it is a really strong setup.
Watch list and morning movers
$INFN earnings PR, $ANGI earnings pr, $NOR and $FXEN for possible red to green,
$ROYL, $AXAS, $JRCC, $ENPH, $MEIP,$VVTV, $ACAD 13.50 break,$VELT bottom bounce, $BCRX, $GALE, $MITK, $OXGN PR, $TQNT upgrade pr possible 5 dolla roll, $FCX, $EXK,$RTIX earnings pr, $PERI, $PURE pr, $CY for IRA nice dividend and bottom bounce, $TASR already in with half original swing earnings beat,
$OMER PR
I do not short stocks>>However
$WHX appears to be primed and is gapping down this morning
This stock has a tendency to drop hard looking @ the daily chart over the last year
Seeking Alpha
Today's Markets:
In Asia, Japan +0.6% to 13926. Hong Kong +1% to 22401. China -0.9% to 2199. India +1.2% to 19407.
In Europe, at midday, London +0.1%. Paris +0.2%. Frankfurt +0.6%.
Futures at 7:00: Dow +0.4%. S&P +0.3%. Nasdaq +0.4%. Crude +0.3% to $91.69. Gold +1.6% to $1445.70.
Today's economic calendar:
8:30 Initial Jobless Claims
9:45 Bloomberg Consumer Comfort Index
10:30 EIA Natural Gas Inventory
11:00 Kansas City Fed Mfg Survey
1:00 PM Results of $29B, 7-Year Note Auction
4:30 PM Money Supply
4:30 PM Fed Balance Sheet
Notable earnings before today's open: ABC, AIXG, ALK, ALXN, AME, ASPS, AVT, AZN, BC, BG, BIIB, BLL, BMS, BMY, BSX, BWA, CAB, CAM, CCE, CELG, CFX, CL, CMS, CNX, COP, CRR, CSH, D, DAN, DLX, DNKN, DO, DOW, DST, EQT, ESI, ETR, FAF, GPK, GTI, GTLS, HERO, HOG, HP, HSY, IDCC, IMAX, JBLU, KKR, KMT, LEA, LINE, LKQ, LLL, LUV, LVLT, MDP, MJN, MMM, MO, NBL, NLSN, NMM, NYT, O, ODFL, ORI, OXY, PCS, PDS, PH, PHM, POT, PRLB, PTEN, PVR, RCL, RDWR, RRD, RS, RTN, RYN, SCG, SIAL, SUI, SWK, SWY, TASR, TSRA, TWC, UAL, UPS, UTHR, WBC, XOM, YNDX, ZMH
Notable earnings after today's close: AEM, ALTR, AMCC, AMKR, AMZN, BIDU, BJRI, BLDR, BMRN, CALX, CAMP, CB, CBG, CENX, CERN, CINF, CLWR, CRUS, CSTR, CTCT, DECK, DLB, ELY, EMN, EXPE, FII, FR, FSL, GERN, IGT, IM, INAP, INFA, KBR, KEG, KLAC, LEG, MCRS, MXIM, N, NR, NTGR, OLN, PFG, PKI, PMCS, QLIK, RMD, RRC, RSG, SBUX, SIMO, SPN, SWKS, SYNA, TCO, THRX, TLAB, UHS, VPRT, VRSN, WRE, WYNN
Briefing.com
Gapping down
In reaction to disappointing earnings/guidance: INTU
-11.7% (also downgraded
to Neutral from Overweight at JPMorgan), ZNGA -9.6%, CTXS
-9.5%, MLNX -9.4% (also downgraded at Needham and Mizhuo), QCOM -5.8%, RIMG -5.4% (thinly
taded), LOGI -5.4%, EQIX -5.3%, VAR -4.9%, TSCO -4.5%, SKX -3.3% (also
appoints BDO USA, LLP As New Auditors; sees Q1 EPS of $0.15-0.19 vs $0.19
Capital IQ Consensus Est, see4s Q1 revs of $440-450 mln vs $433.2 mln
consensus; Expects to File Its 10-Q on May 10), ABC -3.3%, SAN -3.1%, TWC
-2.9%, PHM -2.5%, AMED -2.3% (light volume), AEGN -2.1%, MMM -1.7%, BSX -1.5%, LSTR -1.5% (light volume), AFL -1.3% (light volume), UN -1.2%, AZN -0.9%, BVSN -0.7% (thinly traded), TQNT -0.6%, UPS -0.6% (ticking lower, also announced to
Acquire Hungarian Healthcare Logistics Company CEMELOG), RJF -0.5% (light
volume), CELG -0.2%.
Other news: SUPN -14.3% (announces proposed offering of
$75 million of
convertible senior secured notes), WHX -8.6% and AVEO
-6.9% (still checking), HRB -3.2% (following INTU guidance), PLD -2.5% (to offer 31 mln shares of
common stock), RAX -0.6% (following EQIX results), SNY -0.6% (unit Genzyme
reports once-daily AUBAGIO delayed onset of clinically definite multiple
sclerosis in TOPIC study).
Analyst comments: FSLR -2.5% (downgraded to Underperform
from Mkt Perform at
Raymond James), NOR -2.2% (downgraded to Neutral from Buy
at BofA/Merrill), VMW -1.4% (downgraded to Underperform from Market Perform at Bernstein), HTS
-1.1% (downgraded to Market Perform from Outperform at Keefe Bruyette).
Gapping up
In reaction to strong earnings/guidance: AKAM +19.1%, INFN +14.1%, FIO +11.8%
(acquires NexGen Storage; Co pays approximately $114 mln in cash and
approximately $5 mln in stock for all of the outstanding stock, warrants and
vested equity awards of NexGen), GGS +9.8%, ANGI +9.4%, ASGN +8.5%, AVG +7.8%, BYI +6.4% (Announces New $300 mln Share Repurchase Authorization and $150 mln Accelerated Share Buyback; Increases Credit Facility by $400 mln), NOW +6.3%, CLF +5.9%, YNDX +5.8%, STMP +5.2%, BG +5.1%, (light volume), CAB +4.1% (light
volume), WDC +4% (also downgraded to Hold from Buy at Craig Hallum), FFIV
+3.5%, BIIB +3.3%, RYL +3.1%, ALXN +3.1%, SNE +3%, LRCX +2.8% (light
+volume),
CROX +2.7% (light volume), VALE +2.7%, DOW +2.6%, CDNS +2.2%, POT +2.2%, CAKE
+2.1%, LUV +2.1%, OTEX +2% (light volume), LSI +1.6%, MO +1.6% (light
+volume),
XLNX +1.4% (light volume), ESI +1.3%, XOM +0.7%.
M&A related: VOD +3.4% (Verizon (VZ) considering $100
bln cash and stock bid
for VOD's Verizon Wirelsss stake, according to
reports).
Select financial related names showing strength: NBG
+13.3%, RBS +3.3%, DB
+1.5%, ING +1.0%.
Metals/mining stocks trading higher: ABX +2.2%, SLW
+2.2%, KGC +1.8%, SLV
+1.6%, GDX +1.5%, EGO +1.3%, AEM +1.3%, NEM +1.2% (cuts
dividend 17.6% to $0.35 per share), GLD +1.2%, GG +1.2%.
Select oil/gas related names showing strength: TOT +1.7%, BP +1.5%, SDRL
+1.4%, STO +0.9%.
Other news: NXST +11.4% (Nexstar and Mission Broadcasting
to acquire
Communications Corporation of America and White Knight
Broadcasting for $270 mln in accretive transaction), NIHD +9.1% (light volume, still checking), OXGN
+8.5% ( announces completion of enrollment of ZYBRESTAT(R) phase 2 ovarian
cancer trial), FRAN +4.2% (FRAN to replace EXP in the S&P SmallCap 600), TTM
+2.9% (still checking), DENN +2.9% ( Establishes New $250 Million Credit
Facility and Increases Share Repurchase Program), REGN +2.6% (to join S&P
500), PXP +2.2% (Anadarko announces Phobos Discovery in the Deepwater Gulf of
Mexico), SAP +1.9% and ARMH +1.8% (still checking), GASS +1.6% (prices
previously announced stock offering at $10/sh; size increased to 10 mln shares from 8 mln shares ), STX +1.5% (following WDC results), BIDU +0.3% (to acquire
online video company PPS Net TV for $350-400 mln, according to reports).
Analyst comments: ASML +2.4% (initiated with an
Overweight at HSBC), PG +0.6%
(upgraded to Buy from Neutral at SunTrust), AAPL +0.4%
(upgraded to Buy from Long-Term Buy at Hilliard Lyons)
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Good luck trading today!!
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