Potential Bounce Candidates: YGE, CNX, MGM, ARRS, ULBI
Potential Bounce Candidates: Theses stocks were sold off aggressively Friday and traders will look for possible bounces in the stocks in the days ahead. Of course, they can continue lower.
Yingli Green Energy Holding Co. Ltd. (NYSE: YGE) fell 13% on Friday after reporting Q4 results. Today the stock is down another 2.5%.
CONSOL Energy (NYSE: CNX) was down 6% on Friday after Goldman downgraded the Coal group to cautious and cut CNX from Buy to Neutral. Today the stock is up 6%
MGM (NYSE: MGM) fell 6% on Friday after providing an update on their joint tender offer. The company said approximately 109,373,891 shares of MGM MIRAGE's common stock were tendered. Today the stock is up 0.7%.
ARRIS Group, Inc. (Nasdaq: ARRS) sank over 30% on Friday after reporting Q4 results and providing weaker-than-expected guidance. Today the stock is up 4% after announcing a $100 million buyback.
Ultralife (NASDAQ: ULBI) sank nearly 17% on Friday after lowering Q4 guidance. Today the stock is flat.
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