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Bank Stocks Blast-Off

Goldman Sachs (GS, $87.70, up $9.44) and JPMorgan (JPM, $27.66, up $2.60) added to their gains in late-afternoon trading. Both stocks continued to surge after the update in today’s blog and hopefully that will carry over into Thursday. However, futures are trading lower despite the $820 billion stimulus package thatRead more

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Goldman Sachs, JPMorgan Rise

The market is trading higher, led by financials, on renewed optimism the new Obama administration is moving quickly to stabilize the banking sector. Goldman Sachs (GS, $86.00, up $7.74) and JPMorgan (JPM, $27.26, up $2.20) are having a monster day as both stocks are up nearly 10%. The Dow isRead more

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News Flash: Banks Stocks Could Get Lift

I had a feeling when I was doing the Weekly Wrap over the weekend that the financial stocks were due for a rally. If you haven’t noticed or if you are new to the blog, these stocks run hot and cold and we’ve played a dozen of them by buyingRead more

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Netflix's Numbers

Netflix (NFLX, $34.40, up $4.25) is having a banner day as the stock is up more than 14% after beating Wall Street’s expectations. The company reported a profit of $22.7 million, or $0.38 a share versus $15.7 million, or $0.23 a share from year ago results. Revenue rose to $360Read more

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Palm Drops On Apple Patent

Palm (PALM, $6.50, down $0.87) is down more than 10% this morning after the U.S. Patent Office awarded Apple (AAPL, $90.22, up $0.58) a patent for its intellectual property involving the iPhone. There is a lot of hype with the Palm Pre, a new smartphone from Palm that has iPhone-likeRead more

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Chesapeake Energy Up On Takeover Talks

One of our favorite stocks, Chesapeake Energy (CHK, $15.80, up $0.90), made the rumor mill rounds yesterday as there is speculation that British energy group BP PLC (BP, $42.70, up $1.92) is preparing a takeover bid. Man, don’t you love it when the M&A activity heats up? We’ve been downRead more

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Market Off to Strong Start

Weekly Wrap 1/25/09

1. Commentary 2. Financials 3. Techs 4. Biotechs 5. Earnings 6. Closing Thoughts ************************************************** 1. Commentary The market continued its slide as the all three major indexes lost ground again last week. There was strength in certain sectors while other sectors continued their volatile ways, especially the financial stocks. TheRead more

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Market Looking For Answers

The market is trading lower this morning and the Vegas over/under is 8000 for the Dow. I got 50 cents on the under. The index slid nearly 200 points at the open but has cut that in half trade which puts us at 8009. There are a few bright spotsRead more

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After-Hours Action

Here’s a look at how a few of the stocks we have been following are doing in after-hours trading. Intuitive Surgical (ISRG, $96.01, down $0.99) reported earnings after the closing bell and pretty much met Wall Street’s numbers although revenue was lighter than anticipated. The company reported a profit ofRead more

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CFTC Disclosure:

GOVERNMENT REGULATIONS REQUIRE DISCLOSURE OF THE FACT THAT WHILE THESE METHODS MAY HAVE WORKED IN THE PAST, PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE PERFORMANCE. WHILE THERE IS A POTENTIAL FOR PROFITS THERE IS ALSO A RISK OF LOSS. A LOSS INCURRED IN CONNECTION WITH Momentum Options Trading, LLC CAN BE SIGNIFICANT. YOU SHOULD THEREFORE CAREFULLY CONSIDER WHETHER TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CIRCUMSTANCE. THERE IS SUBSTANTIAL RISK IN TRADING. A LOSS INCURRED IN CONNECTION WITH FUTURES TRADING CAN BE SIGNIFICANT. WE MAKE NO CLAIM REGARDING PAST OR FUTURE PERFORMANCE. WE MERELY TRACK EVERY TRADE AND SHOW THE PERFORMANCE OF ALL TRADES THE SYSTEM OR NEWSLETTER PRODUCES. SIMULATED TRADING IS DIFFERENT THAN TRADING REAL MONEY. HYPOTHETICAL RESULTS ARE NOT REAL RESULTS. PLEASE CONTACT YOUR BROKER ABOUT THE RISK OR TRADING STOCKS, OPTIONS OR FUTURES. ALL COMMUNICATIONS ARE OPINIONS NOT ADVICE.

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.