MGM Resorts (MGM) reported a loss of $0.23 cents per share against consensus of $0.19. The stock saw continued selling and closed at $13.73. I would really watch this name if the market gets weak because now that earnings are out of the way, I still think there is room to swing this on the downside. I remain firm in my $12.40 target for MGM. Hewlett-Packard released guidance after hours that was short from what analysts were expecting. This was due to weak PC group sales. This really should not be a surprise to anyone. This name could see some trading action tomorrow. Stock is currently down 1.85% to $28.80 in after-hours trading. Netflix was unloved today, trading down 5 points to $112.40. But something really important to note is that NFLX filled the gap between $112 and $108. Netflix could really go either way here in my opinion but Momentum, MacD and RSI are starting to display signs of bearish divergence. Deckers (DECK), Crocs (CROX), E Commerce China (DANG), First Solar (FSLR), Foster Wheeler AG (FWLT), GAP (GPS), Molycorp (MCP), Rubicon Technologies (RBCN), Salesforce.com (CRM) and SandRidge Energy (SD) ALL REPORT TOMORROW. This will be a big day. Anything positive from DANG will lift the likes of RENN, BORN and YOKU, while FSLR will affect the solars. Some pin action names to watch off FSLR earnings would be SPWR, ASTI, STP, YGE and TSL. AVL and TC could really move off MCP earnings as well. AVL is forming a nice base around the $2.90 area as well as a little wedge. This name looks poised to run.
Written by Cameron Patrick
@Cam_Patrick
