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’s “Focus
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 | Â | Â | Â |
| Mar 23 | 8:30Â 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
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