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Research In Motion in Motion

It’s been a month since we’ve really looked at Research In Motion (RIMM, $119.22, up $3.16) but it looks as though the stock could be headed on the way back up. The stock got hammered after the company missed Wall Street’s estimates by a penny but after testing the $100Read more

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Biogen Idec/ Johnson & Johnson/ Qualcomm Updates

We were stopped out of the Johnson & Johnson (JNJ, $68.08, down $0.40) August 65 calls (JNJHM, $3.20, down $0.30) at $3.80 on Tuesday. J&J has failed to rally with the market but the calls were profiled at $2.30 so our return was 65%. Biogen Idec (BIIB, $71.27, up $0.77)Read more

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Walt Disney Earnings Preview

Walt Disney (DIS, $31.27, up $0.35) reports earnings after the closing bell today and all signs are pointing towards a good quarter. Disney’s profit jumped 18% to $1.1 billion, or $0.58 a share when they reported last time out. This time around Wall Street is expecting a profit of $0.61Read more

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Financial Stocks Look Ready to Bounce

The Financial stocks look like they may be setting up for another run higher. The sentiment for these stocks can change daily but the recent developments with Merrill Lynch (MER, $27.13, up $0.88) may actually be a good things. Merrill has been raising capital and selling troubled investments which willRead more

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Amgen on the Move

Amgen (AMGN, $62.28, up $1.80) continued its recent hot streak today following Monday’s 12% gain on better-than-expected quarterly earnings and a raised 2008 forecast. There was a lot of action last Friday as traders were positioning for the company’s earnings report. The biggest news, however, wasn’t the company’s numbers soRead more

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Oil Breaks Key Technical Support Levels

The market is on the upswing as we head to lunch following yesterday’s huge loss. Oil is down a little over $3 to $121 level and the talk is it could be on its way to $100 a barrel. Just a few weeks ago we were approaching $150 so theRead more

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Market Back in Bear Territory

Just when it looked like the market had turned a corner, the bears once again seized control. Oil had a little bit to do with the sell-off but the financial sector was once again the center of attention. The financial sector got off to a good start although market sentimentRead more

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Chipotle Mexican Grill Update

Chipotle Mexican Grill (CMG, $66.04, down $0.27) has continued its downtrend today following last week’s drubbing. The stock was hit hard last Thursday despite an outstanding 2Q earnings report. The biggest reason for the sell-off was the fact that the company said that sales growth had softened through July andRead more

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Qualcomm Catches Fire

It was a week of good news for Qualcomm (QCOM, $54.45, up $2.02) as the company reported earnings that were slightly ahead of Wall Street’s expectations. The icing on the cake was the fact that the company also settled its ongoing lawsuit against Nokia (NOK, $28.13, up $0.84). The companyRead more

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Watch List: Biotech Stocks

We’ve been talking about a few Biotech and Drug stocks over the last few months and I wanted to talk about a few more that have been making noise. There is always downside risk to drug stocks. They may not have much of a pipeline or if they don’t getRead more

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