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Sonic is Struggling

Sonic (SONC, $16.40, down $0.60) is trading lower this morning on a downgrade by Credit Suisse to “Neutral” from “Outperform,” citing weaker demand and higher costs could cause the company to miss its same-store sales targets. Cheesecake Factory (CAKE, $17.00, down $0.27) also got the exact same downgrade. The stockRead more

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Rumblings and Grumblings

***Coal has been on quite a roll lately and you may have noticed that many of the stocks on our Watch List jumped again yesterday. Arch Coal (ACI, $75.40, up $3.79). Profiled at $68.30. The June 70 calls (ACIFN, $5.52, up $3.17) are now up 125%. The July 70 callsRead more

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CarMax Crushed

If you had been “thinking outside the box” you would have seen this one coming. CarMax (KMX, $15.97, down $2.37) is getting hammered today after reporting a 55% drop in quarterly profits. The company reported earnings of $29.6 million, or $0.13 a share, down from $65.4 million, or $0.30 aRead more

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FedEx Falls

Apple Gets Another Upgrade

Apple (AAPL, $181.43) shares were upgraded this morning ahead of the bell by Morgan Stanley (MS, $40.59). Morgan raised its price target on Apple to $210 from $185 saying they expect iPhone sales to double in 2009 with the lowered $199 selling price. The stock had a huge run inRead more

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FedEx Earnings Preview

FedEx (FDX, $85.74, down $0.29) will report earnings Wednesday morning and I thought I would take a look at how things are shaping up in the June and July option contracts heading into the call. The stock has been punished by rising fuel costs falling from nearly a $100 inRead more

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Rambus Options Active

Coal Stocks End Mixed

Coal stocks were mixed today as some traded higher while others suffered modest losses. A couple of weeks ago I highlighted a few stocks and options that would benefit from a continuing uptrend. All of them are trading higher from where they were profiled but some of them have explodedRead more

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Watch List: Casino/ Gaming Stocks

Casino stocks have taken the brunt of rising oil and food prices, and the credit crunch. Many of them are trading at 52-week lows and the ones I like to follow had a good day Friday. With the summer months heating up, these stocks could be poised for a runRead more

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Goldman Sachs Earnings Watch

Goldman Sachs (GS, $178.29, up $11.54) is slated to report earnings before the opening bell Tuesday. The stock had a huge day Friday as traders positioned themselves ahead of the announcement. The financial stocks have been a train wreck as of late and there has been no compelling reasons toRead more

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CFTC Disclosure:

GOVERNMENT REGULATIONS REQUIRE DISCLOSURE OF THE FACT THAT WHILE THESE METHODS MAY HAVE WORKED IN THE PAST, PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE PERFORMANCE. WHILE THERE IS A POTENTIAL FOR PROFITS THERE IS ALSO A RISK OF LOSS. A LOSS INCURRED IN CONNECTION WITH Momentum Options Trading, LLC CAN BE SIGNIFICANT. YOU SHOULD THEREFORE CAREFULLY CONSIDER WHETHER TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CIRCUMSTANCE. THERE IS SUBSTANTIAL RISK IN TRADING. A LOSS INCURRED IN CONNECTION WITH FUTURES TRADING CAN BE SIGNIFICANT. WE MAKE NO CLAIM REGARDING PAST OR FUTURE PERFORMANCE. WE MERELY TRACK EVERY TRADE AND SHOW THE PERFORMANCE OF ALL TRADES THE SYSTEM OR NEWSLETTER PRODUCES. SIMULATED TRADING IS DIFFERENT THAN TRADING REAL MONEY. HYPOTHETICAL RESULTS ARE NOT REAL RESULTS. PLEASE CONTACT YOUR BROKER ABOUT THE RISK OR TRADING STOCKS, OPTIONS OR FUTURES. ALL COMMUNICATIONS ARE OPINIONS NOT ADVICE.

CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.