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
Research In Motion in Motion
Biogen Idec/ Johnson & Johnson/ Qualcomm Updates
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
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
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
Oil Breaks Key Technical Support Levels
Market Back in Bear Territory
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
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