Keep Your Eyes And Ears Open And Get Trades Like This…

Keep Your Eyes And Ears Open
And Get Trades Like This

CNBC runs down all the top news stories of the
day before the open, everything from mergers, earnings, FDA approvals–you name
it. Friday morning before the open,

Joe Kernan
mentioned that Southwest Airlines
(
LUV |
Quote |
Chart |
News |
PowerRating)
was added
to Merrill Lynch’sFocus
1
” list, and that 16,000 brokers would be telling their clients to buy the
stock. (Certainly brings back the old days for me—that’s what I used to do,
and for none other than Merrill Lynch). Picture this: within minutes,
everyone and his brother
is either calling their broker or placing orders
online to buy this stock. So, at the open, guess what happens to the stock? It
gaps up, which is really no big surprise. The way to play these, in my opinion,
is to wait for the pullback and then jump on board when the stock rallies from
the pullback. Here’s how it looked:

Nor surprise on the gap up. The stock pulls back
and then flattens out before starting its rally from the pullback. I am showing
you this not because the dollar move was large, but because you can find trades
like this almost every day…you just have to keep your eyes and ears open. So
look for these starting on Monday–but don’t be the guy placing the order before
the open and getting the top tick!

Big Cap
Earnings Announcements for the Week of March 21st




















Company

Symbol

Date
Companhia Vale
do Rio Doce
RIO Monday, Mar 21
KB Home KBH Monday, Mar 21
Bema Gold BGO Tuesday, Mar 22
Biomet BMET Tuesday, Mar 22
Family Dollar
Stores
URI Tuesday, Mar 22
Freds FRED Tuesday, Mar 22
Lennar Corp LEN Tuesday, Mar 22
McCormick &
Company
MKC Tuesday, Mar 22
Mobile
Telesystems
MBT Tuesday, Mar 22
William Sonoma WSM Tuesday, Mar 22
Gamestop GME Wednesday, Mar 23
Kerr McGee KMG Wednesday, Mar 23
ATI Technologys ATYT Thursday, March 24
ConAgra Foods CAG Thursday, March 24
Darden
Restaurants
DRI Thursday, March 24
The Wet Seal WTSLA Thursday, March 24
TIBCO Software TIBX Thursday, March 17
Cintas CTAS Thursday, March 17

Scheduled Stock Splits for the Week of March
21st


Company

Symbol

Ratio

Payable

Ex-Date
American Medial AMMD 2-1 Mar 21 Mar 22
Beazer Homes BZH 3-1 Mar 22 Mar 23
II-VI Inc IIVI 2-1 Mar 22 Mar 23
Activision ATVI 4-3 Mar 22 Mar 23
McGrath RentCorp MGRC 2-1 Mar 24 Mar 25
Donegal Group DGICA 4-3 Mar 25 Mar 26
Quality Systems QSII 2-1 Mar 25 Mar 28

Need more splits information? Click
here.

Upcoming Economic Events for the Week of
March 21st

Date ET Release For Consensus Prior

Mar 22 8:30 am PPI Feb 0.3% 0.3%
Mar 22 8:30 am Core PPI Feb 0.1% 0.8%
Mar 22 2:15 pm FOMC Policy Announcement      
Mar 23 8:30  am CPI Feb 0.3% 0.1%
Mar 23 8:30 am Core PPI Feb 0.2% 0.2%
Mar 23 10:00 am Existing Home Sales Feb 6.65M 6.8M
Mar 24 8:30 am Durable Orders Feb 0.8% -1.3%
Mar 24 8:30 am Initial Claims 03/19 NA 318K
Mar 24 10:00 am New Home Sales Feb 1140K 1106K

Have a great weekend!

Brice