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Home Depot LEAPs Higher

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

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NetFlix Trades Under $30

It”s almost been a couple of weeks since I’ve mentioned NetFlix (NFLX, $30.09, up $0.15) and the last time I talked about the stock it was trading just shy of $32. Neflix shares traded under $30 a week after the 8/14 blog and yesterday’s small gain pushed it back overRead more

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Financial Stocks Rally

A week ago, we scaled into a few positions in the financial stocks hoping for a quick rebound. In the 8/20 blog I talked about how some of the mid to major financial stocks were getting at their 52-week lows and we could play a quick bounce to the upside.Read more

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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

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Dry Bulk Shipping Stocks

I’ve been getting a few emails on DryShips (DRYS, $71.18, up $0.09) lately and I though today would be a good time to talk about the stock. The company recently reported 2Q earnings of $300 million, or $7.10 a share, up from $111 million, or $3.12 per share, during theRead more

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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

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Copper Plays – Update

Some of you may have scaled into the copper plays on Friday at lower entry prices from Thursday’s close thanks to the nearly 200 point rally in the Dow. I profiled some October and January call options and here is where they closed: BHP Billiton (BHP, $69.54, down $1.35) OctoberRead more

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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

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Time to Drive Copperhead Road

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

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