Bank of America (BAC, $7.67, up $1.40) had another fantastic outing as the stock added another 22% today. Talk about having a tiger by the tail. The stock started higher right out of the gate and continued its upswing throughout the session after the company’s CEO said BofA could repayRead more
Bank of America Swells Up
IBM in Talks to Buy Some Sunshine
IBM (IBM, $91.95, down $0.96) traded lower today after news this morning that the company was considering buying Sun Microsystems (JAVA, $8.89, up $3.92) for $6.5 billion in cash. We all know what happens when this type of deal is announced. The company that is making the acquisition usually tradesRead more
Market Resumes Winning Ways
Drive for Five Ends Short
IBM Leads Dow's Charge
Weekly Wrap for 3/15/09
1. Commentary 2. Intel Jumps 3. Triple Witching Friday 4. Earnings 5. Current Trades 6. Monday Morning Playbook 7. Closing Thoughts ************************************************** 1. Commentary We got the bounce we were looking for. After testing its lows and being pushed to its limit, the market caught fire last week as theRead more
JPMorgan Trade Closed
JPMorgan (JPM, $23.75, up $0.55) had another decent day and traded above $24 before finishing Friday’s session 2% higher. The rally in the financials lasted for about the first hour or two of trading but many of the financial stocks ended off their session highs. I’ve been talking about theRead more
It's All About the Financials
Financials Continue Rally
ConocoPhillips/ Exxon Mobile End Lower
***Full Disclosure*** I closed my position in ConocoPhillips (COP, $37.98, down $0.02) today. We got some bad news this morning that effected the momentum of the oil stocks as crude supplies climbed unexpectedly by 700,000 barrels. Analysts were expecting a drop of 1 million barrels. As a result, oil fellRead more