9:10am (EST) Futures are pointing towards a lower open this morning and the bulls look tired as we wrap up the last trading day of the week. The Durable Goods Orders Report, which just came out at 8:30am, was awful as August orders decreased 2.4%. That was far below the 0.4% increaseRead more
Research In Motion Misses Estimates
Homes Sales Data Pulls Market Lower
1:10pm (EST) The market got off to a good start after the Labor Department reported the number of newly laid off workers seeking unemployment benefits fell for a third week in a row. Initial claims for unemployment insurance fell by 21,000 last week to 530,000, which was better than the 550,000 Wall Street had expected. TheRead more
Dendreon Briefs Wall Street
8:40am (EST) Futures are slightly higher this morning as the market tries to rebound from yesterday’s nasty close. Ahead of the bell, Dow futures are up 14, to 9,731. S&P 500 futures are higher by 2, to 1,061, while the Nasdaq 100 futures have climbed 7, to 1,732. We have a big day so I wantedRead more
MomentumOptionsTrading NewsFlash for 9/23/09: Fed Holds Rates
Research In Motion Rolling
12:20pm (EST) Research In Motion (RIMM, $87.24, up $2.38) is rocking-and-rolling ahead of Thursday’s big earnings announcement. Wall Street is expecting a good report card from the company as the average estimate calls for RIMM to earn $1 a share for the quarter. In the year ago quarter, the company earned 86 centsRead more
Fed Watch Today
9:20am (EST) Futures are slightly higher this morning as Wall Street awaits the Federal Reserve’s decision on interest rates. Dow futures are up 11 to 9,782. S&P 500 futures are higher by 2 to 1,069 while the Nasdaq 100 futures are up 7 to 1,740. The U.S. central bank is expected to keep interest ratesRead more
Tuesday Tidbits…Dendreon News Building
12:40pm (EST) Dendreon (DNDN, $29.83, up $0.37) popped over $30 again this morning after an analyst initiated coverage of the biotech company with an “Outperform” rating and a $40 price target… It looks like we left some on the table with First Solar (FSLR, $160.63, up $3.38). The October 165 callsRead more