Wednesday, December 07, 2005

Wednesday's Stocks To Watch

The market is down around 2:15 pm on Wednesday. Nasdaq is down about 12, S&P500 is down about 9. Both the Nasdaq and NYSE trades down all day started from the morning today. It is continuing from yesterday's down momentum. The market was up big in the beginning, and then the all gains almost faked away at the close. It is a sign of market tiring and wants to take a break. Caution would be employed right now. The advancers to decliners are 1 to 2 on Nasdaq and NYSE. The up to down volumes are almost 1 to 2 on Nasdaq and NYSE.

Stocks worth mentioning are (more stock ideas from my private alert list):
(USAK), USA Truck, a leader in the Transportation-Truck industry group, was up about $.125 around 2pm Wednesday afternoon. It has been on a move in the past trading sessions.
(HURC), another winner for the day. It was mentioned last week as a potential fast mover, in either direction depending on the earning report. It did live up to the high % movers today after reported earning. If history is any indication, it will come down in the next few days after earning is reported. I would be careful on buying this one today.
(PNRA), the cafe/bakery chain reported earning thtat beat estimate this morning. I would be hesitate to buy it right now not until it breaks the $70 mark.

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