TUES. JUL. 22 THOUGHTS

In the midst of a busy earnings spate such as this, it is important to take a little time out to prepare for the next couple of weeks as we get further immersed into earnings season. One of the features of our trading at Protrading Network is that we do many news-centric trades thus the inundation of earnings news during the height of earnings season is typically a highlight of the quarter. Typically, most companies base their earnings on the end of each quarter (i.e. Mar. 31, Jun. 30, Sep. 30, and Dec. 31). However, it takes the major accounting firms 2-5 weeks to properly tally the results of the major corporations found throughout the United States. Thus, the 15th of the first month of each quarter through the 15th of the 2nd month of each quarter is typically an extremely busy time for day traders who do news-centric trading. Specifically for Richard Rizzos, the blog will look a bit different during that time as many of the plays will be based off of earnings flow and occur anywhere from 7AM-10AM ET. Some days will include a commentary; other days will just have a trading lesson featured due to a dearth of time. Same quality…different theme. The watch list can also change wildly between 7AM and 10AM as stocks consistently move up and down the list based on how they perform in terms of volatility. What we try to do during that time (as we do every day) is to rank the stocks from most likely to trade to least likely to trade as there will be literally hundreds of trade opportunities. During this time of the quarter, the list sent out each morning will be a snapshot at the time the e-mail is sent, but be aware that you cannot just rely on the top 10 or 15 or 100 because every stock on that list will be important.

New code for the next few days if the whole story is not there due to an expansive number of ideas-
If something is good, assume either a short thru unchanged or an A-B-A2 based on direction of the market unless specified

If something is bad, assume either a buy thru unchanged or an A-B-A2 based on direction of the market unless specified

Good-

BXG- received unsolicited takeover bid at 15

LNCR- good earnings

PKG- good earnings

WGOV- good earnings

PBKS- has been very strong in recent days

ST- good numbers; stock was over 37 this morning…has ocme in…I na rally, buy thru unch

CAT- good qtr; warned on year

DD- good earnings

BHI- good earnings

UNH- good earnings

Bad-

AAPL- earnings not good on slowing growth, but worries about Steve Jobs as well.

AXP- atrocious earnings

MRK- bad earnings

SGP- bad earnings

SNDK- bad earnings; warned

STLD- bad earnings

TXN- bad earnings

MHK- bad earnings

EXP- bad earnings

ARTC- restating; terrible news yesterday; looking to short thru unchanged if it opens higher

WCG- restating earnings for four years; may be better than expected as strange as that sounds…really like it thru unch if it opens negative

AGO- abominable earnings and financial machinations

WB- bad earnings

CP- bad earnings

RF- bad earnings

KEY- bad earnings

FCX- bad earnings

FRX- bad earnings


Earnings:

TUES JUL 22 BEF

AKS 1.15/2.10B 1.46/2.09B 4.93/8.08B 5.86/8.90B

ALV 1.25/1.94B 1.11/1.71B 5.02/7.37B 5.37/7.62B

AVY 1.0/1.80B 1.06/1.76B 4.03/6.98B 4.58/7.24B

BHI 1.23/2.77B 1.36/2.95B 5.31/11.46B 6.21/13.03B

BIIB .85/962M .84/984M 3.40/3.91B 3.84/4.31B

BJS .40/1.24B .50/1.37B 1.91/5.17B 2.39/5.80B

CAT 1.55/12.68B 1.51/12.45B 6.05/50.02B 6.75/53.97B

CE 1.15/1.85B .91/1.78B 3.97/7.18B 4.28/7.26B

CHKP .43/195M .44/199M 1.79/804M 1.93/866M

CME 3.86/569M 4.23/590M 17.28/2.39B 21.53/2.79B

CP .98/1.24B 1.24/1.27B 4.26/4.91B 4.98/5.23B

CPO .83/1.01B .73/996M 3.11/3.98B 3.40/4.36B

CSL .82/817M .88/801M 2.84/3.03B 3.18/3.11B

DD 1.07/8.47B .57/7.03B 3.50/31.70B 3.71/33.08B

DGX .78/1.84B .81/1.85B 3.13/7.30B 3.63/7.69B

ERIC .17/8.01B .17/7.66B .80/32.35B 1.01/34.37B

FITB -.05/1.58B .26/1.65B .95/6.50B 1.30/6.87B

FCX 2.43/5.26B 3.0/5.89B 11.58/23.08B 12.85/23.85B

FRX .80/979M .75/987M 3.23/4.03B 3.62/4.42B

GNTX .21/176M .21/178M .85/720M .96/810M

HAL .68/4.25B .75/4.51B 2.88/17.53B 3.56/20.44B

HXL .24/337M .23/328M .96/1.37B 1.20/1.54B

JEC .82/2.75B .86/2.93B 3.25/10.82B 3.91/13.41B

JEF -.16/275M .02/301M -.37/1.12B .74/1.43B

JBLU -.08/856M -.12/900M -.45/3.41B -.55/3.77B

KEY -2.58/1.19B .21/1.22B -1.76/4.84B 1.25/5.13B

LMT 1.88/10.86B 1.90/10.96B 7.47/42.87B 8.28/45.54B

LXK .78/1.14B .58/1.12B 3.36/4.69B 2.97/4.60B

MICC 1.34/864M 1.56/933M 5.75/3.60B 7.11/4.40B

OMC .96/3.45B .69/3.38B 3.37/13.91B 3.67/14.64B

OXPS .39/61M .40/62M 1.62/253M 1.89/288M

PCAR .84/3.72B .88/3.78B 3.39/14.72B 4.22/16.86B

PCP 1.93/1.84B 2.01/1.89B 8.21/7.65B 9.45/8.50B

PNR .67/926M .59/861M 2.35/3.48B 2.63/3.67B

RCL .40/1.59B 1.81/2.09B 2.79/6.58B 2.88/7.27B

RF .42/1.77B .43/1.78B 1.77/7.21B 1.96/7.45B

ROK .99/1.43B 1.05/1.49B 4.03/5.64B 4.35/5.96B

RYN .42/293M .56/323M 2.01/1.21B 2.20/1.25B

STI .64/2.13B .72/2.17B 2.91/8.65B 3.82/9.14B

SVU .76/13.19B .74/10.15B 3.08/44.81B 3.30/45.10B

SWK 1.03/1.13B 1.12/1.13B 4.11/4.52B 4.52/4.58B

UAUA -1.97/5.39B -2.55/5.67B -12.46/20.83B -8.54/21.12B

UPS .85/12.82B .87/13.01B 3.64/52.72B 4.16/56.41B

UNH .65/20.03B .76/20.02B 2.95/80.36B 3.40/84.21B

USG -.36/1.21B -.30/1.20B -1.38/4.64B -.87/4.57B

WAB .65/367M .64/393M 2.60/1.55B 2.95/1.68B

WAT .71/394M .72/390M 3.26/1.64B 3.71/1.78B

WB -.06/8.55B .53/9.20B 1.04/35.30B 2.37/38.71B

WBS .42/177M .49/178M 1.90/707M 2.30/742M

WU .31/1.33B .33/1.39B 1.28/5.43B 1.48/5.97B

WTNY .23/137M .28/138M 1.29/557M 1.55/600M

XTO 1.05/1.83B 1.20/2.08B 4.38/7.84B 5.86/10.10B

TUES JUL 22 AFT

ANAD .16/78M .18/83M .69/323M .83/377M

BXP 1.17/364M 1.19/375M 4.68/1.45B 5.05/1.48B

BRCM .36/1.10B .38/1.16B 1.50/4.50B 1.56/5.07B

CEC .31/185M .56/204M 2.40/815M 2.60/836M

CERN .50/399M .56/424M 2.17/1.66B 2.59/1.84B

CHRW .55/2.19B .56/2.15B 2.17/8.59B 2.49/9.65B

DRH .44/182M .35/168M 1.56/720M 1.60/740M

DST .90/426M .93/419M 3.85/1.73B 4.40/1.80B

EW .64/312M .56/295M 2.50/1.23B 2.91/1.34B

FULT .22/165M .22/168M .90/669M .95/666M

ILMN .28/130M .31/137M 1.21/536M 1.78/681M

INFN -.03/89M -.12/77M -.16/341M -.04/412M

ISRG 1.18/208M 1.27/223M 5.06/873M 7.04/1.18B

LLTC .45/307M .46/311M 1.70/1.17B 1.89/1.29B

MRH .62/143M .56/144M 2.29/586M 2.52/614M

NBR .69/1.25B .81/1.34B 3.22/5.30B 3.99/6.03B

NSC 1.05/2.65B 1.11/2.67B 4.03/10.5B 4.64/11.22B

ORLY .48/702M .48/806M 1.75/2.86B 2.02/3.25B

PNRA .49/319M .41/319M 2.15/1.31B 2.62/1.41B

PPDI .40/374M .43/389M 1.83/1.56B 2.12/1.79B

PTV .48/931M .47/919M 1.79/3.60B 2.09/3.70B

RJF .55/709M .54/719M 2.05/2.81B 2.33/3.04B

SIAL .67/579M .65/568M 2.65/2.31B 2.98/2.50B

STSA .12/114M .16/114M .53/457M .93/493M

STM .12/2.33B .18/2.43B .67/9.81B .91/10.31B

TMX .70/3.02B .73/3.07B 2.63/14.10B 2.75/13.82B

TSFG -.17/123M -.09/124M -.47/495M .41/517M

USNA .61/108M .60/108M 2.30/431M 2.45/460M

VMW .23/459M .25/499M 1.02/1.97B 1.41/2.67B

WM -.93/3.60B -.67/3.68B -3.20/14.75B -.46/14.43B

YHOO .12/1.38B .12/1.41B .48/5.74B .62/6.53B

Good luck today.