Wow. Just when it appeared gold was “off to see the wizard..” and was headed for $1,000 an ounce it is now trading for under $800 an ounce. The 20% drop has happened in just six weeks. On July 1, gold was going for $940. This morning, gold was tradingRead more
Gold, Oil and the Dollar Oh My!
Nvidia Options Active
Abercrombie, Kohl's Up Before Earnings
Abercrombie & Fitch (ANF, $53.62, up $32.36) and Kohl’s (KSS, $48.85, up $1.26) have been all over the map this week as both companies prepare to announce earnings over the next 24 hours. Kohl’s will announce after the bell today, ANF before the bell Friday. ANF has been trading betweenRead more
Netflix Could Fall
Genentech Ditto's ImClone, Rejects Offer
Genentech (DNA, $98.53, up $0.68) will not win an academy award for its efforts in “evaluating” take-over offers but give the company credit for at least trying. The “special committee” that has been evaluating the $44 billion bid from Roche said this morning that the deal “substantially undervalues” the companyRead more
Deere Disappoints Again
Shares of Deere (DE, $61.24, down $8.11) are getting hammered this morning after the company missed Wall Street’s expectations once again. The company reported profits of $575 million, or $1.32 a share compared to last year’s quarter of $537 million, or $1.18 a share. Wall Street had expectations of $1.36Read more
Sonic Marches Higher
Genentech Hits All-Time High
Genentech (DNA, $98.12, up $0.29) has hit an all-time high this morning. Although we still haven’t heard from the company’s “special committee” that is evaluating the $44 billion bid from Roche, there’s a research note out this morning saying Genentech was worth $130 a share. The analyst went on toRead more
Retail Earnings
Here’s a look at some of the companies that will reporting earnings this week: Abercrombie & Fitch (ANF, $54.11, up $3.73) announces earnings Friday. The stock fell nearly 10% when the company said same-store sales were down 7% last week. The stock rebounded on Monday after hitting a low ofRead more