Stocks to Watch Tomorrow 01/09
Alcoa (NYSE: AA) kicks off earnings season tomorrow with its report after the close.
Gap (NYSE: GPS) closed 7.25% higher on reports the company hired Goldman to look at options, including a possible sale. This is the best thing the company could have done, but the Fisher family still stands in the way. The stock is trading near the top end of its 52-week range so it not clear how much upside exists at this point considering operations (ex-Banana Republic) are in shambles.
GoAmerica Inc. (Nasdaq: GOAM) was the latest I-don't-care-what-the-company-does-just-buy-the-son-of-a-bitch micro cap stocks to see action. The stock was up 40% just because. For the record, while I find it amusing to track this type of greater-fool action, I don't like it for the broader market outlook.
A lot of warnings after the close: Tween Brands, Inc. (NYSE: TWB), Borders Group, Inc. (NYSE: BGP), KVH Industries, Inc., (Nasdaq: KVHI), ScanSource, Inc. (NASDAQ: SCSC).
Crazy Chavez strikes again! Compania Anonima Nacional Telefonos de Venezuela (NYSE: VNT) was down 14% before being halted after the fool announced the nationalizing of the electricity and telecom sectors. Crystallex International (AMEX: KRY) was down 10% on fear the simpleton could do same to the mining sector.
Biotech is looking interesting again and Seattle Genetics Inc. (Nasdaq: SGEN) could be one to watch even after today's 24% run-up on its sweet deal with Genetech (NYSE: DNA). But in biotech you must be diversified. Another example of that was demonstrated today - Dynavax Technologies' (Nasdaq: DVAX) recevied a 30% haircut on disappointing trial data.
Gap (NYSE: GPS) closed 7.25% higher on reports the company hired Goldman to look at options, including a possible sale. This is the best thing the company could have done, but the Fisher family still stands in the way. The stock is trading near the top end of its 52-week range so it not clear how much upside exists at this point considering operations (ex-Banana Republic) are in shambles.
GoAmerica Inc. (Nasdaq: GOAM) was the latest I-don't-care-what-the-company-does-just-buy-the-son-of-a-bitch micro cap stocks to see action. The stock was up 40% just because. For the record, while I find it amusing to track this type of greater-fool action, I don't like it for the broader market outlook.
A lot of warnings after the close: Tween Brands, Inc. (NYSE: TWB), Borders Group, Inc. (NYSE: BGP), KVH Industries, Inc., (Nasdaq: KVHI), ScanSource, Inc. (NASDAQ: SCSC).
Crazy Chavez strikes again! Compania Anonima Nacional Telefonos de Venezuela (NYSE: VNT) was down 14% before being halted after the fool announced the nationalizing of the electricity and telecom sectors. Crystallex International (AMEX: KRY) was down 10% on fear the simpleton could do same to the mining sector.
Biotech is looking interesting again and Seattle Genetics Inc. (Nasdaq: SGEN) could be one to watch even after today's 24% run-up on its sweet deal with Genetech (NYSE: DNA). But in biotech you must be diversified. Another example of that was demonstrated today - Dynavax Technologies' (Nasdaq: DVAX) recevied a 30% haircut on disappointing trial data.
posted by Lon @ 5:15 PM
1 Comments:
At 8:01 AM,
buff said…
GAP, Great Atlantic and Pacific Tea co., A&P recorded profits of $41 million for the 3rd quarter. Great news.
Post a Comment
<< Home