11:30am (EST) I have been getting a ton of emails this morning on the trades I profiled on Ford Motor (F, $6.07, up $0.32). I mentioned the December 6 calls (FLI, $1.52, up $0.28) and the December 7 calls (FLJ, $1.10, up $0.20) in the May 17th Weekly Wrap asRead more
Ford Gains On GM's Pain
Weekly Wrap for 5/31/09
1. Commentary 2. Oil Surges in May 3. General Motors Put Options 4. Earnings 5. Current Trades 6. Monday Morning Playbook 7. Closing Thoughts ************************************************** 1. Commentary Another week, another win for the bulls. Although we have been stuck in a trading range, the bulls carried the market higher onceRead more
More on General Motors – Update at 1:30pm
GM Bankruptcy Immenent/ Market Opens Higher
9:50am (EST) The Commerce Department’s reported first-quarter gross domestic product showed the economy contracted by 5.7% which was an improvement over the fourth-quarter’s decline of 6.3% As a result, futures we strong all morning as the Dow Jones futures were up 41 points before the bell, while the Nasdaq futuresRead more
Home Depot and Lowe's Trade Lower/ Trading Service Update
9:00pm (EST) Home Depot (HD, $22.70, down $0.63) and Lowe’s (LOW, $19.02, down $0.61) lost 3% after a report showed first quarter mortgage delinquencies jumped to 12%. That means more than one in 10 people are behind on their house payments. Not only that, home owners with good credit areRead more
Blue Coat Systems Delays Earnings/ New Trading Service for OptionsMentoring.com
7:30am (EST) Blue Coat Systems (BCSI, $16.00, down $0.54) was scheduled to report earnings after the bell on Wednesday but delayed the announcement until next week. The company said it needed the extra time to complete the books for the quarter that ended April 30th. That is not a goodRead more