Wednesday, April 09, 2008

Stocks to Watch Wednesday

The market is trading lower after the price of crude oil climbed over $110 today and the terrible miss from (UPS). Most the retails and airlines are down today because of the news.

I found one interesting stock to be worth trading either on the long or the short side is (FCSX). The earning announcement will be tomorrow before the market open. The stock has been hammered by the news of MF Global mid March. But the company claimed that it has no sub-prime related business and its customers have not left. I believe the stock can swing either direction over 10% either direction after earning. Buy the May 30 call, and April 20 put would be worth a close look.

No comments: