Home Depot’s (HD, $27.40, up $0.38) stock has managed to trade higher since the company announced earnings despite a choppy market. The company beat Wall Street’s estimates by 10 cents and the better-than-expected results have seen buyers start to come in. The stock managed to hold the $25 level andRead more
Home Depot LEAPs Higher
NetFlix Trades Under $30
Financial Stocks Rally
Market Tanks 2% on Financial Woes
The market gave back Friday’s gains yesterday as worries about the financial sector heated up once again. The main culprit these days seems to be American International Group (AIG, $18.78, down $1.09) which hit another 52-week low yesterday. This seemed to ignite fears that the deterioration of the credit marketsRead more
Dry Bulk Shipping Stocks
Economic News
It’s likely to be another volatile week on Wall Street as a number of key economic reports will certainly have an impact on the market. Although the economy is chugging along, in order for the market to break through key resistance levels, the housing market will need to improve beforeRead more
Copper Plays – Update
Lehman Up on Buyout Rumor
Lehman Brothers (LEH, $15.82, up $2.10) is trading higher this morning on news that the Korea Development Bank was considering a bid for the company although nothing is official. According to the story, the Korean bank didn’t reach an agreement with Lehman because it is still worried about the company’sRead more
Oil Spikes, Gold Follows
Barrick Gold (ABX, $36.39, up $2.68). The January 35 calls (ABXAG, $5.00, up $1.40) were at $3.10 on Friday. Goldcorp (GG, $34.98, up $2.55). The January 32.50 calls (GGAZ, $6.00, up $1.50) were going for $3.30. Gold Fields (GFI, $9.05, up $0.39). The January 10 calls (GFIAB, $1.10, up $0.25)Read more