Buffett Blesses Goldman Sachs
You know your stock has got to be “cheap” or “undervalued” when Warren Buffett steps in. That is exactly what […]
Financial Stocks, Daily Update
Daily Update
Market Analysis, Financial Stocks, Daily Update
Financial Stocks Lower
The market has been moving slightly higher this morning as Congress debates the $700 billion financial rescue package for the
Oil, Company Commentary, Gold, Daily Update, Sectors
Oil Jumps $16, Gold Breaks $900
Oil prices briefly shot up more than $25 a barrel Monday, shattering the record for the biggest one-day gain ever
Daily Update, Google, Company Commentary
Research in Motion Earnings Preview
Research in Motion (RIMM, $97.84, down $5.60) fell back below $100 on Monday ahead of its scheduled earnings report on
Daily Update, Company Commentary
Anheuser-Busch Still a Bargain
Anheuser-Busch (BUD, $66.69, down $0.46) has been trading 5%-10% below its takeover price of $70 a share and I wanted
Company Commentary, Daily Update
Buybacks Picking Up
With a lousy market you can get lousy stock prices. At least that what a few companies are thinking. Although
Daily Update, Strategies
Strangle Option Trades
When you trade options there are many routes you can take but one of my favorite trades to use in
Company Commentary, Daily Update, Market Analysis
Morgan Stanley and Wachovia Storm Higher
Ditto. The market is up ANOTHER 400 points shortly after lunch and for the week the Dow is actually positive.
VIX, Daily Update
Is the VIX Headed to the 40's?
The Dow has fallen into negative territory once again after rallying over 200 points earlier this morning. Since its high
Daily Update, Market Analysis, Company Commentary
Kraft Replacing AIG
Out with the old, in with the new. There will be a change in one of the Dow stocks as
Daily Update, Company Commentary, Gold
Morgan Stanley Too Good to Pass Up?
Morgan Stanley (MS, $18.10, down $10.60) is down $4+ from its opening price of $22.83 and $5 since my earlier
Daily Update, Company Commentary
Update on Wachovia Call Options
I profiled a Wachovia (WB, $10.80, down $0.71) option trade yesterday morning shortly after the market opened when the stock
Daily Update, Market Analysis
Quick Hits
The market just opened for trading and here is what we’re following. The Dow is down 163 to 10,895 within
Company Commentary, Daily Update
Dell Falls On Weak Outlook
The market is taking no prisoners and continues to spread like “a blob” through all sectors. Gold, Energy, Financial, Housing
Daily Update, Company Commentary
Wachovia Looking Good?
I mentioned Wachovia (WB, $10.10, down $0.61) last Tuesday and some of the January call options we were looking at.
Daily Update, Company Commentary
RIMM Option Strangle Update
The market took Research in Motion (RIMM, $96.20, down $2.07) below $100 yesterday as the stock fell over $7 and
Daily Update, Market Analysis
Dow Drops 500 Points
I’ve been calling for “the drop” for a couple of weeks now and yesterday could have been the start of
Company Commentary, Daily Update, Sectors
Lehman Brothers Files For Bankruptcy
After weeks of failing to attract a buyer, Lehman Brothers Holdings (LEH, $0.21, down $3.44) played its last card on
Daily Update, Company Commentary
AIG Plummets 60%, Put Options Up 885%
It was a bad day on Wall Street with the Dow dropping 504 points but it was even worse for
Company Commentary, Daily Update
Close Call Options in RIMM
Research in Motion (RIMM, $107.14, down $2.20) is slightly lower as we head into the afternoon trading session. The stock
Daily Update, Company Commentary
Merrill Lynch In the Teens
Merrill Lynch (MER, $19.43, down $3.87) shares were down again yesterday, falling 17% and hitting a fresh 52-week low of
Earnings, Company Commentary, Daily Update
Lehman Under $5
Lehman Brothers (LEH, $3.99, down $3.26) is dropping another 45% within the first 30 minutes of trading this morning. Lehman
Daily Update, Company Commentary
Free RIMM Trade
Research in Motion (RIMM, $104.61, up $5.31) made a 5% move yesterday and hit a high of $106 after intoducing
Company Commentary, Daily Update
Merrill Lynch Put Options Up 150%
On September 5, I mentioned Goldman Sachs (GS, $157.00, down $4.67) had downgraded Merrill Lynch (MER, $22.75, down $2.01) to
Daily Update, Google
Google Slips Despite Good News
Google (GOOG, $418.66, down $1.29) succumbed to the market’s downfall despite some good news yesterday. We learned that Google’s new
Daily Update, Market Analysis
Market Gives Back Gains
The Dow pretty much gave back all of its 290 point gain on Monday with yesterday’s 280 point drubbing. The
Company Commentary, Daily Update, Market Analysis
Market Notes – Strangle Option Play Up Sharply
As we head to lunch, here’s some tidbits on some of the stocks we are currently following. On September 2,
Company Commentary, Daily Update
UAL Hit By False Bankruptcy News
And yet another reason never to buy an Airline stock. One of the best pieces of advice someone ever gave
Daily Update, Company Commentary
Fannie and Freddie Under a Buck
Fannie Mae (FNM, $0.73, down $6.31) and Freddie Mac (FRE, $0.88, down $4.22) did their best Enron imitation on Monday
Daily Update, Company Commentary
RIMM at $100
Research in Motion (RIMM, $100.90, down $6.05) is trading lower after opening the morning at $111. The volatility has picked
Mergers and Acquisitions, Daily Update
Mergers and Acquisitions
There has been a slew of takeover offers or ones in the works that I wanted to mention this morning.
Daily Update, Market Analysis
Market Looking to Rally
The market ended the week with losses across the board despite starting off with huge gains. With hurricane Gustav slowing
Mergers and Acquisitions, Daily Update
NewsFlash: Fannie and Freddie Rescued
It’s official. It what was the worst kept secret on Wall Street Friday after the market closed, the government finally
Daily Update, Sectors
DryShips Revisited
DryShips (DRYS, $58.47, down $3.06) has plunged through $60 and I wanted to update the trade from August 25. I
Daily Update, Company Commentary
Merrill Lynch Downgraded to Sell
Seems like someone on Wall Street doesn’t trust Merrill Lynch (MER, $25.45, down $0.76) either. The stock is down 3%
Daily Update, Market Analysis
Market Drops Nearly 350 Points
It was a rough day for the market as all three indexes posted huge losses after a flurry of bad
Daily Update, Company Commentary
Potash In a Freefall?
If a stock drops $90 from $240 to $150 in 2 1/2 months is it a buy? That’s an open-ended
Daily Update, Company Commentary
Home Depot Option Calls up 50%
Home Depot (HD, $29.33, up $1.26) had another big day Wednesday, rising 4.5% ahead of the August same-stores sales figures
Daily Update, Market Analysis, Oil, Gold
Market Fails to Hold Tremendous Gains
The market opened with a bang on Tuesday as Wall Street got excited that Hurricane Gustav did not cause any
Company Commentary, Daily Update
McDonald's Update
McDonald’s (MCD, $62.91, up $0.91) soared with the market yesterday and here’s the quick update. The stock hit a high
Daily Update, Google, Yahoo / Microsoft
Google's Debuts "Chrome" Browser
Talk about fireworks. Google (GOOG, $465.25, up $1.96) came out like a rocket this morning after the debut of its
Company Commentary, Daily Update
McDonald's Could Surprise
The recent drop in McDonald’s (MCD, $62.00, down $0.85) stock price may have provided us an opportunity to go long.
Daily Update, Market Analysis
Gustav Weakens, Oil Drops
The stock market may have been closed Monday but that doesn’t mean there wasn’t some action in other markets. Hurricane
Daily Update, Company Commentary
Opening Bell/ Closing Trades
The market has just opened and the financial stocks look like they will be trading lower. I’ve been mentioning four
Daily Update, Earnings
Dell Disappoints
It doesn’t look like Dell (DELL, $25.21, down $0.42) is going to have a good Friday. After the bell, the
Daily Update
Citigroup, Wachovia Updates
Citigroup (C, $18.80, up $0.68) and Wachovia (WB, $15.73, up $1.18) continue to rally today as the Dow is up
Daily Update, Company Commentary
Fannie and Freddie Continue Surge
Fannie Mae (FNM, $6.48, up $0.86) and Freddie Mac (FRE, $4.75, up $0.78) each gained 15% and 20%, respectively, on
Daily Update, Company Commentary
Home Depot LEAPs Higher
Home Depot’s (HD, $27.40, up $0.38) stock has managed to trade higher since the company announced earnings despite a choppy
Daily Update, Company Commentary
NetFlix Trades Under $30
It”s almost been a couple of weeks since I’ve mentioned NetFlix (NFLX, $30.09, up $0.15) and the last time I
Daily Update, Market Analysis, Company Commentary
Financial Stocks Rally
A week ago, we scaled into a few positions in the financial stocks hoping for a quick rebound. In the
Daily Update, Market Analysis
Market Tanks 2% on Financial Woes
The market gave back Friday’s gains yesterday as worries about the financial sector heated up once again. The main culprit
Daily Update, Sectors
Dry Bulk Shipping Stocks
I’ve been getting a few emails on DryShips (DRYS, $71.18, up $0.09) lately and I though today would be a
Daily Update, Economic News
Economic News
It’s likely to be another volatile week on Wall Street as a number of key economic reports will certainly have
Daily Update, Sectors
Copper Plays – Update
Some of you may have scaled into the copper plays on Friday at lower entry prices from Thursday’s close thanks
Company Commentary, Daily Update
Lehman Up on Buyout Rumor
Lehman Brothers (LEH, $15.82, up $2.10) is trading higher this morning on news that the Korea Development Bank was considering
Oil, Daily Update, Sectors
Oil Spikes, Gold Follows
Barrick Gold (ABX, $36.39, up $2.68). The January 35 calls (ABXAG, $5.00, up $1.40) were at $3.10 on Friday. Goldcorp
Daily Update, Company Commentary
Fannie and Freddie: The Other Side of the Coin
Yesterday I mentioned that I couldn’t find a compelling reason to go long on Fannie Mae (FNM, $4.40, down $1.61)
Daily Update, Yahoo / Microsoft, Company Commentary
Timing is Everything
The “timing is everything” quote couldn’t have had more meaning today with a few of our trades. The bears had
Yahoo / Microsoft, Daily Update, Google
Yahoo Under $20
Yahoo (YHOO, $19.38, down $0.05) has dipped below $20 again and it may be time to start nibbling on a
Company Commentary, Daily Update, Sectors
Financial Stocks Weaker
The ride for the financial stocks has accelerated to the downside over the past few weeks and some big names
Daily Update, Company Commentary
Harley-Davidson Stopped Out
Harley-Davidson (HOG, $40.17, down $2.27) took a stab at $43 but folded like a cheap lawn chair when the market
Daily Update, Earnings
Home Depot Falls After Earnings Announcement
Home Depot (HD, $26.20, down $0.76) reported a 24% drop in profits and reiterated its downbeat outlook for the rest
Daily Update, Sectors, Oil
More on Oil
We might as well get accustomed to talking about oil on a regular basis, as if we haven’t already, right?
Earnings, Daily Update
Lowe's Beats Street
In a day that saw the Dow drop 180 points, Lowe’s (LOW, $24.54, up $0.04) reported 2Q earnings that beat
Daily Update
Harley-Davidson Revs Higher
Harley-Davidson (HOG, $42.56, up $1.21) ended the week on a high note, closing at its high for the day on
Daily Update, Market Analysis
Weekly Recap
The market ended another week mostly higher as oil continued its decline and the dollar once again had another strong
Daily Update, Sectors, Market Analysis, Oil
Gold, Oil and the Dollar Oh My!
Wow. Just when it appeared gold was “off to see the wizard..” and was headed for $1,000 an ounce it
Daily Update, Earnings, Company Commentary
Nvidia Options Active
Nvidia (NVDA, $13.00, up $0.74) is up 25% for the month despite reporting a lousy quarter. You know when the
Earnings, Daily Update
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
Daily Update, Company Commentary
Netflix Could Fall
NetFlix (NFLX, $31.78, up $0.62) has just reported an outage of some sorts with its website or database that could
Mergers and Acquisitions, Daily Update
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
Daily Update, Earnings
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
Company Commentary, Daily Update
Sonic Marches Higher
Sonic (SONC, $16.70, up $0.13) continues to trade higher on no real news. The restaurant sector has done well over
Daily Update, Company Commentary
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
Daily Update, Earnings
Retail Earnings
Here’s a look at some of the companies that will reporting earnings this week: Abercrombie & Fitch (ANF, $54.11, up
Daily Update
Harley-Davison Weathers Storm
Back in June, I mentioned shares of Harley-Davidson (HOG, $41.94, up $0.19) had been in a downtrend for 18 months,
Daily Update, IPOs
IPO News
There hasn’t been much excitement in the IPO (initial public offering) world lately as only 13 companies went public in
Market Analysis, Daily Update
Weekly Recap
Just when the market looked worse than a dog’s breakfast, things have suddenly changed over the past few weeks that
Daily Update
RIMM Over $130
Research In Motion (RIMM, $132.14, up $4.89) is having another huge day after touching a low of $116 on Monday.
Daily Update, Company Commentary
McDonald's at 52-Week High/ Sonic Up
McDonald’s (MCD, $64.23, up $2.37) is bending over backwards and doing cartwheels as we head into the Olympics. The timing
Daily Update, Company Commentary
Abercrombie Hits New Lows
Tough day for Abercrombie & Fitch (ANF, $50.51, down $5.22). The stock is shedding 9% after reporting same-store sales were
Daily Update, Yahoo / Microsoft
Microsoft Showing Strength
With the Dow slipping 110 points two hours into the trading session, one bright spot so far has been Microsoft
Daily Update
Johnson & Johnson Hits New High
Johnson & Johnson (JNJ, $71.13, up $0.68) is setting a new 52-week high today and has been solid since its
Daily Update, VIX
Checking In On the VIX
The market has been on a roll and it’s been a while since I have mentioned the VIX (^VIX, 21.32,
Daily Update, Earnings
Cisco Beats Estimates, Stock Up
Cisco Systems (CSCO, $23.52, up $0.87), the king of beating earnings by a penny, did just that when it reported
Daily Update, Market Analysis, Economic News
Fed Leaves Rates Unchanged
The market was enjoying a huge rally before the Fed meeting and extended that rally when news broke that the
Company Commentary, Daily Update
Financial Stocks Moving Higher
Wachovia (WB, $18.32, up $1.20) is the top performer among financial stocks today as we get closer to the Federal
Daily Update, Commodities
Gold Stocks Trending Lower
It’s been a rough month for Gold and it continued yesterday with the price falling $9 an ounce to $908.
Daily Update, Earnings
RIMM/ Qualcomm Stopped Out
The market went on another wild ride Monday with the Dow posting a triple-digit loss to start the session. The
Daily Update
ImClone Wants More
ImClone Systems (IMCL, $64.59, down $0.75) has responded to Bristol-Myers Squibb (BMY, $21.49, up $0.38) offer for a buyout of
Market Analysis, Daily Update
Weekly Recap
After a week of triple-digit gains and losses, the Dow basically ended the week where it started. The financial sector
Daily Update, Company Commentary
Biotech Sector Mixed
The biotech stocks were hot on Thursday but some of them are taking huge blows today after a drug safety
Economic News, Daily Update
July Unemployment Jumps
The U.S. unemployment rate increased 5.7%, from 5.5% in June, according to the Labor Department. Unemployment is now at its
Daily Update
Research In Motion Update
Research In Motion (RIMM, $122.82, up $3.60) was just what the doctor ordered. The stock opened Thursday’s trading session at
Daily Update, Sectors
News Flash: ImClone Systems Gets Buyout Offer
Talk about waking up to good news. There’s no better feeling as an option trader then to start you day
Daily Update
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