If you are watching the pre-market trades this morning you will notice that Green Mountain Coffee Roasters (GMCR, $63.36, down $30.18) is printing $63.36. If you bought that stock last week or yesterday, you might be freaking out right now if you are unaware of the share split.
The company recently approved a 3-for-2 stock split which is pretty rare these days considering we have some powerhouse names trading in the single-digits. Coffee and solid sales growth is all you need to know about Green Mountain for now. For those of you that may not follow it or have never heard of the company, put it on your Watch List…
Cisco Systems (CSCO, $20.08, up $0.21) is up over $20 in pre-market. I went out on a limb and predicted the stock would close above $20, well, I said I’d be shocked if we didn’t close above $20 today. It looks like the stock might stop teasing us and start pleasing us once the opening bell rings. Cisco is one of the first trades I have profiled in our new trading service, WinningWithOptions.com.
Bank stocks are getting a pop this morning as Wall Street watches the development of which banks can start paying back the government bailout loans. American Express (AMX, $26.10, up $0.45), Goldman Sachs (GS, $149.16, up $0.81), JPMorgan (JPM, $35.72, up $0.33) are among the banks expected to get the green light.
Dow futures are up 8, Nasdaq futures are up 7.5 while the S&P 500’s are up 2. Looks like we are opening in the green this morning…