Nearest Support: $49
Catalyst: Earnings Disappointment >>Beat the S&P With 5 Stocks Wall Street Hates Verizon ( VZ) is seeing increased trading volumes this afternoon on the heels of the firm's second-quarter earnings call. While the numbers came out in line with Wall Street's expectations, higher costs in VZ's fixed-line business didn't impress investors. Shares of the $142 billion phone carrier are off 2% as a result. From a technical standpoint, VZ has been in an uptrend since the start of June -- albeit a shallow one. While today's reaction to earnings isn't particularly good, shares are obeying trendline support, and that's what counts. Investors looking to build a position in VZ could pick a worse time that this week; just look for shares to catch a bid here at support before putting money in this stock.
Nearest Support: $12.80
Catalyst: Privatization Vote >>3 Tech Stocks Under $10 Moving Higher PC-maker Dell ( DELL) has been swinging in a wide range for the past few sessions as the vote on Michael Dell's $24.4 billion privatization deal got closer. While the vote was scheduled for today, it's being postponed until July 24 in an attempt to see more proxy votes come in. Investors reacted well to the news, bidding shares of DELL 2.3% higher in today's session. For traders, though, there really isn't a setup worth playing here. While there is still a risk premium priced into this stock (that could get filled once the votes are in), it's a lot of headline risk for a 3.5% upside. I'd recommend steering clear of the drama unless you already own shares of DELL.
Nearest Support: $27.50
Catalyst: Earnings, Alibaba Boost >>3 Tech Stocks in Breakout Territory Yahoo! ( YHOO) is seeing a minor correction in today's session after rocketing higher on the heels of stellar results at Alibaba Group, the Chinese e-commerce giant that Yahoo! owns a 24% stake in. While Yahoo!'s results were pretty lackluster as CEO Marissa Mayer continues to turn the chip around, Alibaba managed to triple its income for the quarter and boost sales by 71%. Talks about bringing Alibaba public could unlock huge value for shares of YHOO. Not surprisingly, that helped spur a huge rally in Yahoo!'s shares yesterday. Technically, the breakout above $27.50 resistance was significant. While shares are correcting in this afternoon's session, the overall trend in this stock remains distinctively up. If you're looking for a buying opportunity, I'd suggest waiting for YHOO to establish some semblance of support above $29.
Nearest Support: $16.25
Catalyst: Guidance Concerns >>5 Stocks Under $10 Set to Soar Even though Taiwan Semiconductor ( TSM) delivered strong numbers in this morning's second-quarter release, investors are having any of it. That's because that earnings beat came with big concerns about guidance -- including the possibility that inventories could start backing up for TSM later this year. With weakness in semiconductor stocks still fresh in investors' minds, shares are off 8% today. From a technical standpoint, there's still some room for TSM to fall before it reaches support at $16.25. That level has been a pretty strong price floor for shares in the past, and I'd expect that to continue to be the case. To see these stocks in action, check out the at Most-Active Stocks portfolio on Stockpickr. -- Written by Jonas Elmerraji in Baltimore.
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