Market Looks To Rebound

9:10pm (EST)

Futures are pointing towards a strong open this morning as the bulls try to get back some of last week’s heavy losses. Dow futures are higher by 50 points to 10,201 while the S&P 500 futures are up 7 to 1,089. Nasdaq 100 futures are getting an 8 point pop and are 1,806.

Shares of Rambus (RMBS, $24.74, up $0.72) are trading higher this morning and are over $25. The company has been in a heated dispute over its patents and is starting to see some dividends. Rambus got some more good news Friday after a judge ruled Nvidia (NVDA, $16.46, down $0.49) violated three of five patents held by Rambus.

One analyst has come out with a $50 price target so Rambus could continue to gain momentum from here on out.

Google (GOOG, $550.01, down $32.97) got crushed on Friday as Wall Street was looking for more from its earnings report. The stock is down another $3 in early trading as the company continues to work with China over censorship and security breaches.

We think Google ends up staying in China and the stock will see a big relief rally once this blows over.

That is all we have for now because we want to get everyone in the Members Area to talk about our trades. We will be back in the afternoon with the 1pm update…

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