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
Amgen Continues March Higher
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
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
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
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
Should've, Would've…Didn't
Netflix Stalling at $38
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
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