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Amgen Continues March Higher

Amgen (AMGN, $58.74, up $0.71) continued its winning streak on Monday as the stock made it eight-in-a-row. Shares are benefiting from takeover speculation and that has fueled Amgen’s recent run towards $60. The March 60 calls (YAACL, $2.20, up $0.35) were recommended on February 3 at $1.20 and are nowRead more

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Sohu.com Helps Google Continue Its Rally

Sohu.com (SOHU, $49.30, up $3.69) is up 8% today after announcing earnings that beat Wall Street’s expectations. The Chinese Internet company reported revenue of $121.6 million, up from $65.3 versus last year’s fourth quarter. Net income came in at $56.6 million, or $1.45 a share, compared with $15.1 million, orRead more

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Financials Open Strong

The financial stocks opened strong this morning despite the fact that futures were sharply lower this morning. Also, the $700 billion financial bailout package was scheduled to be unveiled today, but that got pushed back until Tuesday as Congress focuses on the stimulus bill. Here is a look at theRead more

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Weekly Wrap for 2/8/09

1. Commentary 2. Straddle’s Part 2 (Amazon Keeps on Rolling) 3. Financial Sector (open positions) 4. Akamai Technologies 5. Current Trades 6. Earnings 7. Closing Thoughts ************************************************** 1. Commentary The market had an outstanding week and it has been a minute since I have said that. For all of theRead more

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Intra-Day Alert

With 15 minutes left in the trading session, the financial stocks are going gangbusters. Bank of America (BAC, $6.15, up $1.31), JPMorgan (JPM, $27.54, up $3.00) and Goldman Sachs (GS, $95.17, up $2.32) are making huge moves. The February options I listed this morning are doing well and can beRead more

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Should've, Would've…Didn't

Have you been noticing the move in Goldman Sachs (GS, $92.85, up $4.88) this week? The stock is up $12 and added another 6% yesterday after the company said it will repay all $10 billion of the TARP funds it received by the end of this year. In the WeeklyRead more

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Netflix Stalling at $38

Neflix (NFLX, $37.47, up $0.62) has managed to trend higher all week but keeps facing serious resistance at $38. Shares traded lower for most of day after an analyst downgraded the stock but managed to rebound by the end of trading. The analyst went on to say that he thinksRead more

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Bernie Stole Kevin's Bacon

The buzz on Wall Street this morning is the availability of the just released list for the thousands of victims who lost money investing with Bernard Madoff. We can now add Bernie to the six-degrees of actor Kevin Bacon. Even Madoff’s defense lawyer is listed. The 162-page document was filedRead more

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Visa Smashes Estimates, Shares Up

Visa (V, $49.13, up $0.74) earnings report. The company beat Wall Street’s estimates by a whopping 10 cents and reaffirmed 2009’s numbers. The company said it earned $574 million, or $0.74 a share, versus $424 million, or $0.55 a share, in the year-ago period. Wall Street had predicted Visa wouldRead more

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Wednesday Morning Update

Here’s a look at what we got going on this morning… The market is in positive territory as BMad is back in the news today. You know, Bernard Madoff, the dude that milked investors for $50 billion in the world’s greatest Ponzi scheme. Bernie told the courts today that heRead more

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CFTC Disclosure:

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CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.