American Express (AXP, $25.58, up $1.23) is having a decent morning after reporting earnings that fell year over year but still beat Wall Street’s expectations. After the bell Monday, the company said profits came in at $815 million for the quarter, or $0.74 a share, versus $0.94 a year ago.Read more
American Express Surprises
Apple Could Surprise
Chesapeake Energy Perking Up
Chesapeake Energy (CHK, $22.32, up $1.85) is rebounding this morning following this month’s sell-off. There are numerous factors that have brought the stock down from $35 to a low of $11.99 but investors seem to be building positions in hopes of a recovery. One of the biggest reasons for theRead more
Lottery Portfolio Update
Here’s an update from the lottery plays I profiled last Monday: Entry Exit Current Action Expiration Microsoft (MSFT, $23.93) April 25 calls (MSQDE) $2.35 $2.90 $3.00 Hold 4/17/09 Google (GOOG, $372.54) March 500 calls (GOPCO) $11.50 $15.00 $17.00 Hold 3/20/09 Yahoo (YHOO, $12.90) January 17.50 calls (YHQAW) $1.30 $1.20 BuyRead more
Google Goes Wild
Google (GOOG, $353.02, up $13.85) turned in a fantastic report card after the bell on Thursday. The company beat Wall Street’s expectations by announcing earnings of $1.35 billion for the third quarter, up 26% from a year ago. Earnings per share were $4.92, which was 17 cents above estimates ofRead more
Breaking News: Yahoo Jumps on Microsoft Comments
Like Ike and Tina Turner, Microsoft (MSFT, $22.72, up $0.06) and Yahoo (YHOO, $13.39, up $1.64) can’t seem to stay away from each other. It seems Microsoft’s CEO, Steve Ballmer was quoted as saying a Microsoft acquisition of Yahoo would still “make sense economically.” I’ll bring you more on theRead more
Google Option Strangle Update
Market Stumbles Once Again
What We're Watching
Johnson & Johnson Shines
Johnson & Johnson (JNJ, $64.00, up $1.32) announced earnings on Tuesday which helped the stock extend its gains from Monday. The company reported earnings of $3.3 billion, or $1.17 a share, up from $2.6 billion, or $0.88, in the year-ago period. Revenue increased over 6% to $15.9 billion versus $15Read more