Checking Up On Chesapeake
Chesapeake Energy (CHK, $23.32, unchanged) managed to escape the market’s bad day and finished the session even. I had mentioned […]
Daily Update, Company Commentary
Daily Update, Commodities, Company Commentary
Time To Light Up Potash
It has been tough to watch Potash (POT, $73.36, down $8.18) fall from $240 in June to below a $100
Earnings, Company Commentary, Daily Update
American Express Surprises
American Express (AXP, $25.58, up $1.23) is having a decent morning after reporting earnings that fell year over year but
Daily Update, Company Commentary
Apple Could Surprise
We have a big week of earnings and Apple (AAPL, $97.26, down $0.14) will get things rolling on Tuesday. The
Daily Update, Company Commentary
Chesapeake Energy Perking Up
Chesapeake Energy (CHK, $22.32, up $1.85) is rebounding this morning following this month’s sell-off. There are numerous factors that have
Company Commentary, Daily Update
Lottery Portfolio Update
Here’s an update from the lottery plays I profiled last Monday: Entry Exit Current Action Expiration Microsoft (MSFT, $23.93) April
Daily Update, Earnings
Google Goes Wild
Google (GOOG, $353.02, up $13.85) turned in a fantastic report card after the bell on Thursday. The company beat Wall
Yahoo / Microsoft, Daily Update
Breaking News: Yahoo Jumps on Microsoft Comments
Like Ike and Tina Turner, Microsoft (MSFT, $22.72, up $0.06) and Yahoo (YHOO, $13.39, up $1.64) can’t seem to stay
Daily Update, Google
Google Option Strangle Update
Google (GOOG, $323.66, down $15.51) and 24 hours later the trade is showing a 30% profit. Google is set to
Market Analysis, Company Commentary, Daily Update, Sectors, Earnings, Google, Yahoo / Microsoft
Market Stumbles Once Again
After taking one big step forward, the market took two steps back on Wednesday as the Dow fell 733 points,
Daily Update, Company Commentary
What We're Watching
The market is down halfway through the session and Bernanke is on deck and should be speaking any minute now.
Earnings, Daily Update
Johnson & Johnson Shines
Johnson & Johnson (JNJ, $64.00, up $1.32) announced earnings on Tuesday which helped the stock extend its gains from Monday.
Daily Update, Earnings
Intel Tops Earnings Forecast
Intel (INTC, $15.93, down $1.06) reported earnings after the bell which topped Wall Street’s expectations by a penny. The company
Daily Update, Company Commentary
McDonald's Opens Strong
I recently profiled a McDonald’s (MCD, $59.32, up $2.07) trade on October 7 and I wanted to give a quick
Sectors, Financial Stocks, Google, Yahoo / Microsoft, Market Analysis, Company Commentary, Daily Update
Market Explodes for 900 Points
The relief rally was on today as the Dow zoomed 936 points as bulls rushed in to buy stocks that
Daily Update, Oil, Sectors, Watch Lists, Google, Yahoo / Microsoft, Market Analysis, VIX
It's Time to See the Forest Through the Trees
Words can’t describe the excitement we’ve seen in the market over the past few weeks and Friday was a classic
Daily Update, Earnings, Market Analysis
Mid-Day Outlook, IBM's Earnings
The market looked poised to break its six-day losing streak on the heels of a fantastic earnings report from International
Daily Update, Earnings
Yum Brands Beats Estimates
Yum Brands (YUM, $27.88, up $0.38) said profits for its 3Q came in at $282 million, or $0.58 a share,
Daily Update, Market Analysis
Quick Hits
Down 200 points. Up 125. That is what we are dealing with today for the Dow Jones…and that’s just the
Daily Update, Market Analysis
Look Out Below!
The hits just keep coming for the market. Another day, another drop for the Dow. Wow. Tuesday’s 508 point debacle
Company Commentary, Daily Update
Swimming With the Sharks
McDonald’s (MCD, $57.24, up $0.09) has gone on sale again. I may be a little early in saying this but
Daily Update, Market Analysis
Dow Takes A Licking, Barely Keeps Ticking
Wall Street was jolted again on Monday as the Dow was on the verge of its biggest loss ever. At
Daily Update, Company Commentary
Apple Option Strangle Update
Apple (AAPL, $91.07, down $6.00) is below $100 and is tanking along with the rest of the market. The Dow
Earnings, Market Analysis, Daily Update
Bailout Signed, Market Retreats
It’s official. After a week of haggling, the House finally approved the $700 billion government bailout of the financial industry
Daily Update, Market Analysis, Company Commentary
Market Notes – Potash Going Up In Smoke
From $185 to $98 in 10 days. That’s what has or is happening to Potash (POT, $97.91, down $30.13) today.
Daily Update, Company Commentary, Strategies
Stop Losses and Targets
I received a lot of emails on the JPMorgan Chase (JPM, $49.49, up $0.24) trade yesterday and this morning. First,
Daily Update, Market Analysis
Market Set To Open Lower
Here we go again. The futures are down sharply this morning and it’s looking like the Dow is going to
Daily Update, Google
Google's Closing Price Changed
Google (GOOG, $322.99, down $58.01) ought to have an interesting day. Check this out. The stock folded like a bad
Watch Lists, Daily Update, Market Analysis
Market Notes
Historic times indeed. Tuesday’s 485 point climb for the Dow was the third largest ever after dropping 777 points on
VIX, Daily Update
VIX Surges After Bailout Fails
The Chicago Board Options Exchange Volatility Index (^VIX, 40.93, down 5.79) rose sharply on Monday as the stock market closed
Daily Update, Market Analysis
Dow Crashes 777 Points
The market posted is worst ever point decline after Congress rejected the $700 billion bailout plan that looked like a
Daily Update, Company Commentary
Apple Downgraded, RIMM Continues Lower
Apple (AAPL, $109.88, down $18.36) is down sharply this morning after a couple of analysts downgraded the stock. RBC Capital
Daily Update, Market Analysis
Market Down Sharply Ahead of Vote
The market is down sharply this morning as concerns related to the government’s $700 bailout package continue. Congress and the
Financial Stocks, Daily Update, Market Analysis
Bailout Stalls, Likely to Get Done
Well, we all knew there would be drama when it came to getting the $700 billion banking bailout package approved
Daily Update, Earnings
RIMM Shares Tank After Earnings Miss
Research in Motion (RIMM, $97.53, up $0.82) reported earnings after the bell and they weren’t pretty. Wall Street was eager
Financial Stocks, Daily Update
Buffett Blesses Goldman Sachs
You know your stock has got to be “cheap” or “undervalued” when Warren Buffett steps in. That is exactly what
Daily Update, Market Analysis, Financial Stocks
Financial Stocks Lower
The market has been moving slightly higher this morning as Congress debates the $700 billion financial rescue package for the
Oil, Company Commentary, Gold, Daily Update, Sectors
Oil Jumps $16, Gold Breaks $900
Oil prices briefly shot up more than $25 a barrel Monday, shattering the record for the biggest one-day gain ever
Daily Update, Google, Company Commentary
Research in Motion Earnings Preview
Research in Motion (RIMM, $97.84, down $5.60) fell back below $100 on Monday ahead of its scheduled earnings report on
Daily Update, Company Commentary
Anheuser-Busch Still a Bargain
Anheuser-Busch (BUD, $66.69, down $0.46) has been trading 5%-10% below its takeover price of $70 a share and I wanted
Company Commentary, Daily Update
Buybacks Picking Up
With a lousy market you can get lousy stock prices. At least that what a few companies are thinking. Although
Daily Update, Strategies
Strangle Option Trades
When you trade options there are many routes you can take but one of my favorite trades to use in
Market Analysis, Company Commentary, Daily Update
Morgan Stanley and Wachovia Storm Higher
Ditto. The market is up ANOTHER 400 points shortly after lunch and for the week the Dow is actually positive.
Daily Update, VIX
Is the VIX Headed to the 40's?
The Dow has fallen into negative territory once again after rallying over 200 points earlier this morning. Since its high
Daily Update, Market Analysis, Company Commentary
Kraft Replacing AIG
Out with the old, in with the new. There will be a change in one of the Dow stocks as
Gold, Daily Update, Company Commentary
Morgan Stanley Too Good to Pass Up?
Morgan Stanley (MS, $18.10, down $10.60) is down $4+ from its opening price of $22.83 and $5 since my earlier
Daily Update, Company Commentary
Update on Wachovia Call Options
I profiled a Wachovia (WB, $10.80, down $0.71) option trade yesterday morning shortly after the market opened when the stock
Daily Update, Market Analysis
Quick Hits
The market just opened for trading and here is what we’re following. The Dow is down 163 to 10,895 within
Company Commentary, Daily Update
Dell Falls On Weak Outlook
The market is taking no prisoners and continues to spread like “a blob” through all sectors. Gold, Energy, Financial, Housing
Daily Update, Company Commentary
Wachovia Looking Good?
I mentioned Wachovia (WB, $10.10, down $0.61) last Tuesday and some of the January call options we were looking at.
Daily Update, Company Commentary
RIMM Option Strangle Update
The market took Research in Motion (RIMM, $96.20, down $2.07) below $100 yesterday as the stock fell over $7 and
Daily Update, Market Analysis
Dow Drops 500 Points
I’ve been calling for “the drop” for a couple of weeks now and yesterday could have been the start of
Company Commentary, Daily Update, Sectors
Lehman Brothers Files For Bankruptcy
After weeks of failing to attract a buyer, Lehman Brothers Holdings (LEH, $0.21, down $3.44) played its last card on
Daily Update, Company Commentary
AIG Plummets 60%, Put Options Up 885%
It was a bad day on Wall Street with the Dow dropping 504 points but it was even worse for
Daily Update, Company Commentary
Close Call Options in RIMM
Research in Motion (RIMM, $107.14, down $2.20) is slightly lower as we head into the afternoon trading session. The stock
Daily Update, Company Commentary
Merrill Lynch In the Teens
Merrill Lynch (MER, $19.43, down $3.87) shares were down again yesterday, falling 17% and hitting a fresh 52-week low of
Earnings, Company Commentary, Daily Update
Lehman Under $5
Lehman Brothers (LEH, $3.99, down $3.26) is dropping another 45% within the first 30 minutes of trading this morning. Lehman
Daily Update, Company Commentary
Free RIMM Trade
Research in Motion (RIMM, $104.61, up $5.31) made a 5% move yesterday and hit a high of $106 after intoducing
Company Commentary, Daily Update
Merrill Lynch Put Options Up 150%
On September 5, I mentioned Goldman Sachs (GS, $157.00, down $4.67) had downgraded Merrill Lynch (MER, $22.75, down $2.01) to
Daily Update, Google
Google Slips Despite Good News
Google (GOOG, $418.66, down $1.29) succumbed to the market’s downfall despite some good news yesterday. We learned that Google’s new
Daily Update, Market Analysis
Market Gives Back Gains
The Dow pretty much gave back all of its 290 point gain on Monday with yesterday’s 280 point drubbing. The
Market Analysis, Company Commentary, Daily Update
Market Notes – Strangle Option Play Up Sharply
As we head to lunch, here’s some tidbits on some of the stocks we are currently following. On September 2,
Daily Update, Company Commentary
UAL Hit By False Bankruptcy News
And yet another reason never to buy an Airline stock. One of the best pieces of advice someone ever gave
Daily Update, Company Commentary
Fannie and Freddie Under a Buck
Fannie Mae (FNM, $0.73, down $6.31) and Freddie Mac (FRE, $0.88, down $4.22) did their best Enron imitation on Monday
Daily Update, Company Commentary
RIMM at $100
Research in Motion (RIMM, $100.90, down $6.05) is trading lower after opening the morning at $111. The volatility has picked
Daily Update, Mergers and Acquisitions
Mergers and Acquisitions
There has been a slew of takeover offers or ones in the works that I wanted to mention this morning.
Daily Update, Market Analysis
Market Looking to Rally
The market ended the week with losses across the board despite starting off with huge gains. With hurricane Gustav slowing
Daily Update, Mergers and Acquisitions
NewsFlash: Fannie and Freddie Rescued
It’s official. It what was the worst kept secret on Wall Street Friday after the market closed, the government finally
Daily Update, Sectors
DryShips Revisited
DryShips (DRYS, $58.47, down $3.06) has plunged through $60 and I wanted to update the trade from August 25. I
Daily Update, Company Commentary
Merrill Lynch Downgraded to Sell
Seems like someone on Wall Street doesn’t trust Merrill Lynch (MER, $25.45, down $0.76) either. The stock is down 3%
Daily Update, Market Analysis
Market Drops Nearly 350 Points
It was a rough day for the market as all three indexes posted huge losses after a flurry of bad
Daily Update, Company Commentary
Potash In a Freefall?
If a stock drops $90 from $240 to $150 in 2 1/2 months is it a buy? That’s an open-ended
Daily Update, Company Commentary
Home Depot Option Calls up 50%
Home Depot (HD, $29.33, up $1.26) had another big day Wednesday, rising 4.5% ahead of the August same-stores sales figures
Gold, Daily Update, Market Analysis, Oil
Market Fails to Hold Tremendous Gains
The market opened with a bang on Tuesday as Wall Street got excited that Hurricane Gustav did not cause any
Daily Update, Company Commentary
McDonald's Update
McDonald’s (MCD, $62.91, up $0.91) soared with the market yesterday and here’s the quick update. The stock hit a high
Daily Update, Google, Yahoo / Microsoft
Google's Debuts "Chrome" Browser
Talk about fireworks. Google (GOOG, $465.25, up $1.96) came out like a rocket this morning after the debut of its
Company Commentary, Daily Update
McDonald's Could Surprise
The recent drop in McDonald’s (MCD, $62.00, down $0.85) stock price may have provided us an opportunity to go long.
Daily Update, Market Analysis
Gustav Weakens, Oil Drops
The stock market may have been closed Monday but that doesn’t mean there wasn’t some action in other markets. Hurricane
Company Commentary, Daily Update
Opening Bell/ Closing Trades
The market has just opened and the financial stocks look like they will be trading lower. I’ve been mentioning four
Daily Update, Earnings
Dell Disappoints
It doesn’t look like Dell (DELL, $25.21, down $0.42) is going to have a good Friday. After the bell, the
Daily Update
Citigroup, Wachovia Updates
Citigroup (C, $18.80, up $0.68) and Wachovia (WB, $15.73, up $1.18) continue to rally today as the Dow is up
Daily Update, Company Commentary
Fannie and Freddie Continue Surge
Fannie Mae (FNM, $6.48, up $0.86) and Freddie Mac (FRE, $4.75, up $0.78) each gained 15% and 20%, respectively, on
Company Commentary, Daily Update
Home Depot LEAPs Higher
Home Depot’s (HD, $27.40, up $0.38) stock has managed to trade higher since the company announced earnings despite a choppy
Daily Update, Company Commentary
NetFlix Trades Under $30
It”s almost been a couple of weeks since I’ve mentioned NetFlix (NFLX, $30.09, up $0.15) and the last time I
Company Commentary, Daily Update, Market Analysis
Financial Stocks Rally
A week ago, we scaled into a few positions in the financial stocks hoping for a quick rebound. In the
Daily Update, Market Analysis
Market Tanks 2% on Financial Woes
The market gave back Friday’s gains yesterday as worries about the financial sector heated up once again. The main culprit
Daily Update, Sectors
Dry Bulk Shipping Stocks
I’ve been getting a few emails on DryShips (DRYS, $71.18, up $0.09) lately and I though today would be a
Daily Update, Economic News
Economic News
It’s likely to be another volatile week on Wall Street as a number of key economic reports will certainly have
Daily Update, Sectors
Copper Plays – Update
Some of you may have scaled into the copper plays on Friday at lower entry prices from Thursday’s close thanks
Daily Update, Company Commentary
Lehman Up on Buyout Rumor
Lehman Brothers (LEH, $15.82, up $2.10) is trading higher this morning on news that the Korea Development Bank was considering
Oil, Daily Update, Sectors
Oil Spikes, Gold Follows
Barrick Gold (ABX, $36.39, up $2.68). The January 35 calls (ABXAG, $5.00, up $1.40) were at $3.10 on Friday. Goldcorp
Daily Update, Company Commentary
Fannie and Freddie: The Other Side of the Coin
Yesterday I mentioned that I couldn’t find a compelling reason to go long on Fannie Mae (FNM, $4.40, down $1.61)
Daily Update, Yahoo / Microsoft, Company Commentary
Timing is Everything
The “timing is everything” quote couldn’t have had more meaning today with a few of our trades. The bears had
Yahoo / Microsoft, Daily Update, Google
Yahoo Under $20
Yahoo (YHOO, $19.38, down $0.05) has dipped below $20 again and it may be time to start nibbling on a