An NYSE Scalper's Tale - A Trader's Diary

Tuesday, January 16, 2007

On Tap For Wed Jan 17, 2007

The following are some of the NYSE stocks that I will be keeping an eye on and possibly trading tomorrow. Obviously there may be news on other stocks that come out overnight or in the morning, so I may be trading those stocks as well.

Lots of earnings before the bell tomorrow. Here's what I'm watching:
  • Some airline stocks are reporting earnings tomorrow morning including AMR Corporation (AMR) and Southwest Airlines Company (LUV)...both were up big today so I'll see how they react once their earnings are out; AMR closed at $40.23 and LUV closed at $16.17
  • Some financial stocks are also reporting tomorrow morning including JPMorgan Chase & Co. (JPM) and Mellon Financial Corporation (MEL); JPM closed at $48.39 and MEL closed at $43.42
  • Two other stocks that are reporting tomorrow morning include the insurance company The Progressive Corporation (PGR) and home builder Lennar Corporation (LEN); PGR closed at $23.38 and LEN closed at $49.72
  • The bidding war continues for Caremark Rx Inc. (CMX)...after the close, Express Scripts Inc. upped it's bid for CMX as it's bidding war with CVS Corp heats up...CVS Corp responded by adding a special $2 dividend as part of the offer; CMX was trading up over 2% in after-hours; CMX closed at $56.25
  • Lear Corporation (LEA) was up strongly today and is approaching resistance/52-week high; I'm watching the $34 level; LEA closed at $33.47
  • Finally, I'm going to continue to watch Advanced Micro Devices Inc. (AMD) as it may fall in sympathy with Intel after Intel reported earnings that were disappointing after the close; AMD closed at $18.13

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    By Anonymous Anonymous, at January 17, 2007 12:12 a.m.  

  • Hey scalper - what's up. I think both AMR and all the rest of the airplane patch are going to report great earnings just because the price of oil is down. Now I know they all have long term contracts to keep the price smooth but the spot market still contributes a lot to their bottom line. I'm keeping them on my alert list.

    Nothing much else is going to have good earnings this month (I think) so there might be some rotation into the airplane patch.

    Just a thought.

    By Blogger Marlyn Trades, at January 17, 2007 9:16 a.m.  

  • A well done post good work.

    By Anonymous QUALITY STOCKS UNDER 5 DOLLARS, at April 11, 2013 12:35 a.m.  

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