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, Mergers and Acquisitions
Daily Update
Market Analysis, Daily Update
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
Oil, Gold, Daily Update, Market Analysis
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
Yahoo / Microsoft, Daily Update, Google
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
Daily Update, Company Commentary
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.
Market Analysis, Daily Update
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
Daily Update, Company Commentary
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
Daily Update, Company Commentary
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
Company Commentary, Daily Update
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
Daily Update, Market Analysis, Company Commentary
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
Daily Update, Sectors, Oil
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)
Yahoo / Microsoft, Company Commentary, Daily Update
Timing is Everything
The “timing is everything” quote couldn’t have had more meaning today with a few of our trades. The bears had
Daily Update, Google, Yahoo / Microsoft
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
Daily Update, Sectors, Company Commentary
Financial Stocks Weaker
The ride for the financial stocks has accelerated to the downside over the past few weeks and some big names
Company Commentary, Daily Update
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
Oil, Daily Update, Sectors
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
Daily Update, Market Analysis
Weekly Recap
The market ended another week mostly higher as oil continued its decline and the dollar once again had another strong
Market Analysis, Oil, Daily Update, Sectors
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
Earnings, Company Commentary, Daily Update
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
Company Commentary, Daily Update
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
Earnings, Daily Update
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
Company Commentary, Daily Update
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
Earnings, Daily Update
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,
Daily Update, IPOs
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
Yahoo / Microsoft, Daily Update
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
VIX, Daily Update
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,
Daily Update, Earnings
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
Market Analysis, Economic News, Daily Update
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
Daily Update, Commodities
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
Daily Update, Company Commentary
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
Sectors, Daily Update
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
Commodities, Economic News, Daily Update, Sectors, Oil
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
Daily Update, Company Commentary
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
Earnings, Daily Update, Sectors
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
Earnings, Google, Daily Update
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
Earnings, Daily Update
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
Daily Update, Earnings
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
Daily Update, Earnings, Yahoo / Microsoft
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
Earnings, Daily Update
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
Sectors, Company Commentary, Daily Update
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
Google, Daily Update, Earnings
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
Earnings, Daily Update
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
Daily Update, Earnings
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