Financial Stocks Weaker
The ride for the financial stocks has accelerated to the downside over the past few weeks and some big names […]
Daily Update, Sectors, Company Commentary
Daily Update, Company Commentary
Harley-Davidson Stopped Out
Harley-Davidson (HOG, $40.17, down $2.27) took a stab at $43 but folded like a cheap lawn chair when the market
Daily Update, Earnings
Home Depot Falls After Earnings Announcement
Home Depot (HD, $26.20, down $0.76) reported a 24% drop in profits and reiterated its downbeat outlook for the rest
Daily Update, Sectors, Oil
More on Oil
We might as well get accustomed to talking about oil on a regular basis, as if we haven’t already, right?
Daily Update, Earnings
Lowe's Beats Street
In a day that saw the Dow drop 180 points, Lowe’s (LOW, $24.54, up $0.04) reported 2Q earnings that beat
Daily Update
Harley-Davidson Revs Higher
Harley-Davidson (HOG, $42.56, up $1.21) ended the week on a high note, closing at its high for the day on
Market Analysis, Daily Update
Weekly Recap
The market ended another week mostly higher as oil continued its decline and the dollar once again had another strong
Sectors, Market Analysis, Oil, Daily Update
Gold, Oil and the Dollar Oh My!
Wow. Just when it appeared gold was “off to see the wizard..” and was headed for $1,000 an ounce it
Daily Update, Earnings, Company Commentary
Nvidia Options Active
Nvidia (NVDA, $13.00, up $0.74) is up 25% for the month despite reporting a lousy quarter. You know when the
Daily Update, Earnings
Abercrombie, Kohl's Up Before Earnings
Abercrombie & Fitch (ANF, $53.62, up $32.36) and Kohl’s (KSS, $48.85, up $1.26) have been all over the map this
Daily Update, Company Commentary
Netflix Could Fall
NetFlix (NFLX, $31.78, up $0.62) has just reported an outage of some sorts with its website or database that could
Daily Update, Mergers and Acquisitions
Genentech Ditto's ImClone, Rejects Offer
Genentech (DNA, $98.53, up $0.68) will not win an academy award for its efforts in “evaluating” take-over offers but give
Daily Update, Earnings
Deere Disappoints Again
Shares of Deere (DE, $61.24, down $8.11) are getting hammered this morning after the company missed Wall Street’s expectations once
Daily Update, Company Commentary
Sonic Marches Higher
Sonic (SONC, $16.70, up $0.13) continues to trade higher on no real news. The restaurant sector has done well over
Daily Update, Company Commentary
Genentech Hits All-Time High
Genentech (DNA, $98.12, up $0.29) has hit an all-time high this morning. Although we still haven’t heard from the company’s
Daily Update, Earnings
Retail Earnings
Here’s a look at some of the companies that will reporting earnings this week: Abercrombie & Fitch (ANF, $54.11, up
Daily Update
Harley-Davison Weathers Storm
Back in June, I mentioned shares of Harley-Davidson (HOG, $41.94, up $0.19) had been in a downtrend for 18 months,
IPOs, Daily Update
IPO News
There hasn’t been much excitement in the IPO (initial public offering) world lately as only 13 companies went public in
Daily Update, Market Analysis
Weekly Recap
Just when the market looked worse than a dog’s breakfast, things have suddenly changed over the past few weeks that
Daily Update
RIMM Over $130
Research In Motion (RIMM, $132.14, up $4.89) is having another huge day after touching a low of $116 on Monday.
Daily Update, Company Commentary
McDonald's at 52-Week High/ Sonic Up
McDonald’s (MCD, $64.23, up $2.37) is bending over backwards and doing cartwheels as we head into the Olympics. The timing
Daily Update, Company Commentary
Abercrombie Hits New Lows
Tough day for Abercrombie & Fitch (ANF, $50.51, down $5.22). The stock is shedding 9% after reporting same-store sales were
Daily Update, Yahoo / Microsoft
Microsoft Showing Strength
With the Dow slipping 110 points two hours into the trading session, one bright spot so far has been Microsoft
Daily Update
Johnson & Johnson Hits New High
Johnson & Johnson (JNJ, $71.13, up $0.68) is setting a new 52-week high today and has been solid since its
Daily Update, VIX
Checking In On the VIX
The market has been on a roll and it’s been a while since I have mentioned the VIX (^VIX, 21.32,
Earnings, Daily Update
Cisco Beats Estimates, Stock Up
Cisco Systems (CSCO, $23.52, up $0.87), the king of beating earnings by a penny, did just that when it reported
Daily Update, Market Analysis, Economic News
Fed Leaves Rates Unchanged
The market was enjoying a huge rally before the Fed meeting and extended that rally when news broke that the
Daily Update, Company Commentary
Financial Stocks Moving Higher
Wachovia (WB, $18.32, up $1.20) is the top performer among financial stocks today as we get closer to the Federal
Commodities, Daily Update
Gold Stocks Trending Lower
It’s been a rough month for Gold and it continued yesterday with the price falling $9 an ounce to $908.
Daily Update, Earnings
RIMM/ Qualcomm Stopped Out
The market went on another wild ride Monday with the Dow posting a triple-digit loss to start the session. The
Daily Update
ImClone Wants More
ImClone Systems (IMCL, $64.59, down $0.75) has responded to Bristol-Myers Squibb (BMY, $21.49, up $0.38) offer for a buyout of
Daily Update, Market Analysis
Weekly Recap
After a week of triple-digit gains and losses, the Dow basically ended the week where it started. The financial sector
Company Commentary, Daily Update
Biotech Sector Mixed
The biotech stocks were hot on Thursday but some of them are taking huge blows today after a drug safety
Daily Update, Economic News
July Unemployment Jumps
The U.S. unemployment rate increased 5.7%, from 5.5% in June, according to the Labor Department. Unemployment is now at its
Daily Update
Research In Motion Update
Research In Motion (RIMM, $122.82, up $3.60) was just what the doctor ordered. The stock opened Thursday’s trading session at
Daily Update, Sectors
News Flash: ImClone Systems Gets Buyout Offer
Talk about waking up to good news. There’s no better feeling as an option trader then to start you day
Daily Update
Research In Motion in Motion
It’s been a month since we’ve really looked at Research In Motion (RIMM, $119.22, up $3.16) but it looks as
Daily Update
Biogen Idec/ Johnson & Johnson/ Qualcomm Updates
We were stopped out of the Johnson & Johnson (JNJ, $68.08, down $0.40) August 65 calls (JNJHM, $3.20, down $0.30)
Daily Update, Earnings
Walt Disney Earnings Preview
Walt Disney (DIS, $31.27, up $0.35) reports earnings after the closing bell today and all signs are pointing towards a
Daily Update, Sectors
Financial Stocks Look Ready to Bounce
The Financial stocks look like they may be setting up for another run higher. The sentiment for these stocks can
Daily Update, Earnings
Amgen on the Move
Amgen (AMGN, $62.28, up $1.80) continued its recent hot streak today following Monday’s 12% gain on better-than-expected quarterly earnings and
Oil, Commodities, Economic News, Daily Update, Sectors
Oil Breaks Key Technical Support Levels
The market is on the upswing as we head to lunch following yesterday’s huge loss. Oil is down a little
Daily Update, Market Analysis, Company Commentary
Market Back in Bear Territory
Just when it looked like the market had turned a corner, the bears once again seized control. Oil had a
Company Commentary, Daily Update
Chipotle Mexican Grill Update
Chipotle Mexican Grill (CMG, $66.04, down $0.27) has continued its downtrend today following last week’s drubbing. The stock was hit
Daily Update, Earnings
Qualcomm Catches Fire
It was a week of good news for Qualcomm (QCOM, $54.45, up $2.02) as the company reported earnings that were
Daily Update, Sectors, Earnings
Watch List: Biotech Stocks
We’ve been talking about a few Biotech and Drug stocks over the last few months and I wanted to talk
Daily Update, Earnings
Genentech Still Holding Out
Genentech (DNA, $96.00, up $1.35) continued higher throughout the week as it awaits word from a “special committee” that is
Daily Update, Earnings, Google
NewsFlash: Chipotle Under $70
Chipotle Mexican Grill (CMG, $69.01, down $14.79) has dipped below $70 again after opening the trading session at $74.29. The
Daily Update, Earnings, Company Commentary
Wachovia Continues Higher
Wachovia (WB, $17.65, up $0.86) was up another 5% yesterday following Tuesday’s massive 29% gain despite an earnings report that
Daily Update, Earnings
Chipotle Misses, Stock Drops in After-Hours
Chipotle Mexican Grill (CMG, $83.80, up $2.14) missed earnings by a penny and it paid for in after-hours trading last
Earnings, Daily Update
Chipotle Mexican Grill On Deck
Chipotle Mexican Grill (CMG, $82.50, up $0.84) will announce earnings after the market closes today and it will be interesting
Daily Update, Company Commentary
Merck Update
It’s been a rough couple of days for Merck (MRK, $31.33, down $4.00). The stock followed Monday’s 6% decline with
Earnings, Yahoo / Microsoft, Daily Update
Yahoo Holds up in After-Hours
Yahoo (YHOO, $21.40, down $0.27) announced earnings after the closing bell yesterday and in after-hours trading the stock held up
Daily Update, Earnings
Apple Beats, Outlook Disappoints
You can always expect an extreme move in Apple’s (AAPL, $152.52, down $13.77) stock the day after an earnings announcement.
Daily Update
Lottery Plays Stopped Out
The Financial stocks continued their rally in the morning session on Monday but faded by the time the closing bell
Daily Update, Earnings
Genentech Next?
Genentech (DNA, $93.88, up $12.06) rallied 15% on news that Swiss pharmaceutical giant Roche announced a $44 billion bid to
Daily Update, Earnings
Monday's Earnings Watch
Apple (AAPL, $162.93, down $2.22) reports earnings after the closing bell. Wall Street is expecting $1.08 a share. Mac sales
Daily Update, Sectors, Company Commentary
LEAP Lottery Plays Doing Well
Let’s go over the report card for the Financial sector and see where we stand as far as it concerns
Daily Update, Earnings
Microsoft Misses by a Penny
Microsoft (MSFT, $27.52, up $0.26) reported earnings that missed by a penny. The company reported profits of $4.3 billion, or
Earnings, Google, Daily Update
Can Google Do It Again?
Google (GOOG, $535.60, up $19.51) reports 2Q earnings today after the market closes and it will be interesting once again
Daily Update, Market Analysis
Market Rallies as Financial Sector Soars
Wells Fargo (WFC, $27.23, up $6.72). Many of the financial stocks that have been getting trounced came back strong as
Daily Update, Earnings
eBay's Earnings on Deck
eBay (EBAY, $27.90, up $1.01) is set to report earnings after the market closes today and is trading higher as
Daily Update, Earnings
Wells Fargo Wallops Wall Street
Wells Fargo (WFC, $25.01, up $4.51) is having a huge day after reporting earnings of $1.75 billion, or $0.53 a
Earnings, Daily Update
Intel Post Strong Earnings
Intel (INTC, $20.71, up $0.24) reported a stellar quarter after the bell as its 2Q profits soared 25%. The company
Daily Update, Sectors, Company Commentary
News Flash: Bernanke Set to Speak
We’re moments away from testimony from Federal Reserve Chairman Ben Bernanke who will speak before the Senate Banking Committee any
Daily Update, Earnings
Tuesday's Earnings Watch
Intel (INTC, $20.47, down $0.17) is expected to post earnings of $0.26 a share on revenue of $9.3 billion. This
Daily Update, Market Analysis, Company Commentary
Why You Never Buy at the Open
Regular readers of the blog know that I always try and wait to buy options at least 30 minutes after
Company Commentary, Daily Update
It's Official: Anheuser-Busch Agrees to Merger
Anheuser-Busch (BUD, $67.50, up $1.00) said “yes” to InBev’s $52 billion takeover bid in a deal that will create the
Daily Update, Sectors, Company Commentary
Financial Stocks Get Lift
Over the weekend, the Federal Reserve and the Treasury Department announced a plan to help hurting mortgage giants Fannie Mae
Daily Update, Market Analysis
Market Falling, Can't Get Up
The market got a one-two punch from Fannie Mae (FNM, $10.25, down $2.95) and Freddie Mac (FRE, $7.75, down $0.25)
Stock Earnings, Daily Update, Market Analysis, Company Commentary
Breaking News: Dow Slips Below 11,000
The Dow has just traded below 11,000 for the first time in two years as it is down 235 points
Daily Update, Company Commentary
Fannie and Freddie Spell T-I-M-B-E-R!
When there’s smoke that usually means fire and that was my theme for Fannie Mae (FNM, $7.39, down $5.81) and
Daily Update, Company Commentary
InBev Raises Offer for Anheuser-Busch
It looks like InBev and Anheuser-Busch (BUD, $65.73, up $4.52) have begun negotiations for a friendly merger after InBev reportedly
Daily Update, Company Commentary
Fannie and Freddie Spell F-I-R-E!
Fannie Mae (FNM, $13.49, down $1.82) and Freddie Mac (FRE, $7.64, down $2.59) are having a tough week as concerns
Daily Update, Company Commentary
Cisco Systems Hits 52-Week Low
One of the biggest names in technology, Cisco Systems (CSCO, $21.65, down $1.23), took out its 52-week low today after
Daily Update, Company Commentary
Rambus on the Move
Shares of Rambus (RMBS, $17.67, up $1.17) have been volatile lately. The stock is up 7% today, following yesterday’s 9%
Daily Update, Earnings
Earnings for the Week
Earnings season just got started so we should get a good look at how well or not so well companies
Daily Update, Earnings
Alcoa Beats Estimates
Alcoa (AA, $32.33, down $1.06) reported better-than-expected earnings after the bell, lifting its stock higher in after-hours trading. The company
Daily Update, Sectors
Watch List: Railroad Stocks
Railroad stocks are doing well today despite a recent downtrend. The industry is one of the few non-energy businesses that
Yahoo / Microsoft, Daily Update
Yahoo's Options
Yahoo (YHOO, $23.91, up $2.56) put in another big day as talks with Microsoft (MSFT, $26.03, up $0.05) heated up
Daily Update, Company Commentary
Merrill Lynch Selling Assets
Merrill Lynch (MER, $30.12, down $1.00) started the morning in positive territory but is now down over 3% as we
Commodities, Daily Update
Alcoa Kicks-Off Earnings Season
Earnings will hit Wall Street starting this week and Dow component Alcoa (AA, $32.78, up $0.67) will officially start things
Daily Update, Market Analysis, Company Commentary
Market Lower, GM Puts Soar, Chipotle Breaks Down
After spending the morning in positive territory, the market faded yesterday as oil climbed to a new high of $144
Daily Update, Company Commentary
GM's Wild Ride/ Merrill Update
General Motors (GM, $10.50, down $1.25) has been insane over the past 24 hours. Tuesday, the stock ended the session
Daily Update, Sectors
Watch List: Telecom Stocks
AT&T (T, $33.30, down $0.39). It’s hard to like a stock when it just set a new 52-week low but
Daily Update, Company Commentary
FedEx, UPS Update
A week ago I gave an update on FedEx’s (FDX, $75.01, down $3.78) after United Parcel Service (UPS, $59.73, down
Commodities, Daily Update
Gold Keeps On Shining
Barrick Gold (ABX, $46.24, up $0.74), was $45.44. Hit a high of $47.00 this morning. The July 45 calls (ABXGI,
Daily Update, Market Analysis
Mid-Morning Update
After a triple-digit loss to start the session, the Dow has turned positive. The market is bouncing off their lows
Daily Update, Market Analysis
Morning Outlook
Futures are pointing towards a lower opening this morning despite some good news here and there. Of course, oil is
Daily Update, Earnings
Constellation Brands Earnings Announcement
Constellation Brands (STZ, $19.80, up $0.14) is set to report 1Q earnings Tuesday before the opening bell. Alcoholic beverage stocks
Daily Update, Company Commentary
Ford Continues Lower
As we head to lunch, the market is slightly higher but not by much. Meanwhile, Ford Motor (F, $4.80, down
Daily Update, Market Analysis
The New "Four Horsemen"
I had a feeling I would be talking about a lower market in the “weekly wrap-up” and my gut feeling
Commodities, Daily Update
Watch List: Gold Stocks
Gold stocks are making a run today as oil continues higher while the market heads lower. The Dow (11,316, down
Daily Update, Company Commentary
Bud Rejects InBev
Anheuser-Busch (BUD, $62.54, up $1.19) is rejecting InBev’s $46 billion bid and gave a forecast of higher 2008 and 2009
Daily Update, Company Commentary
Research In Motion Update
Research In Motion (RIMM, $123.46, down $18.88) got one yesterday, falling 13%, after the market digested its earnings report. The