It was only a matter of time before the casino stocks got a lift. The sector has taken a beating as consumers continue to cut back on everything as the ongoing housing downturn, diminishing credit, rising food costs and recession worries continue. Gambling was taking a back seat to allRead more
The straw that might break the camel’s back could be falling today as the market is struggling halfway through the trading session. Other markets around the world plummeted Friday as world governments and central banks seem helpless in stopping the inevitable — a global recession. I’ve mentioned all week howRead more
Baidu.com (BIDU, $212.54, down $36.55) tried to stay afloat after reporting spectacular numbers but ended the day 15% lower as Wall Street remained cautious about the Chinese economy. China’s leading search engine reported a profit of $51 million, or $1.46 a share, on revenue of $919 million. Baidu is China’sRead more
Apple (AAPL, $91.49, down $6.95) reported earnings after the bell Tuesday and they pretty much followed the script we had written. Yeap, Apple knocked the cover off the ball as it reported a 25% jump in quarterly profits. The company reported earnings of $1.1 billion, or $1.26 a share, versusRead more
Chesapeake Energy (CHK, $23.32, unchanged) managed to escape the market’s bad day and finished the session even. I had mentioned a short-term trade Monday morning when the stock was at $22.32 and the target for one of the option plays was almost triggered. The November 25 calls (CHKKE, $2.20, unchanged)Read more
