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 […]
Market Analysis, Company Commentary, Daily Update
Daily Update
Daily Update, Company Commentary
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
Daily Update, Earnings
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
Daily Update, Sectors, Earnings
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
Daily Update, Earnings
Genentech Still Holding Out
Genentech (DNA, $96.00, up $1.35) continued higher throughout the week as it awaits word from a “special committee” that is
Daily Update, Earnings, Google
NewsFlash: Chipotle Under $70
Chipotle Mexican Grill (CMG, $69.01, down $14.79) has dipped below $70 again after opening the trading session at $74.29. The
Daily Update, Earnings, Company Commentary
Wachovia Continues Higher
Wachovia (WB, $17.65, up $0.86) was up another 5% yesterday following Tuesday’s massive 29% gain despite an earnings report that
Daily Update, Earnings
Chipotle Misses, Stock Drops in After-Hours
Chipotle Mexican Grill (CMG, $83.80, up $2.14) missed earnings by a penny and it paid for in after-hours trading last
Daily Update, Earnings
Chipotle Mexican Grill On Deck
Chipotle Mexican Grill (CMG, $82.50, up $0.84) will announce earnings after the market closes today and it will be interesting
Company Commentary, Daily Update
Merck Update
It’s been a rough couple of days for Merck (MRK, $31.33, down $4.00). The stock followed Monday’s 6% decline with
Daily Update, Earnings, Yahoo / Microsoft
Yahoo Holds up in After-Hours
Yahoo (YHOO, $21.40, down $0.27) announced earnings after the closing bell yesterday and in after-hours trading the stock held up
Earnings, Daily Update
Apple Beats, Outlook Disappoints
You can always expect an extreme move in Apple’s (AAPL, $152.52, down $13.77) stock the day after an earnings announcement.
Daily Update
Lottery Plays Stopped Out
The Financial stocks continued their rally in the morning session on Monday but faded by the time the closing bell
Daily Update, Earnings
Genentech Next?
Genentech (DNA, $93.88, up $12.06) rallied 15% on news that Swiss pharmaceutical giant Roche announced a $44 billion bid to
Daily Update, Earnings
Monday's Earnings Watch
Apple (AAPL, $162.93, down $2.22) reports earnings after the closing bell. Wall Street is expecting $1.08 a share. Mac sales
Company Commentary, Daily Update, Sectors
LEAP Lottery Plays Doing Well
Let’s go over the report card for the Financial sector and see where we stand as far as it concerns
Earnings, Daily Update
Microsoft Misses by a Penny
Microsoft (MSFT, $27.52, up $0.26) reported earnings that missed by a penny. The company reported profits of $4.3 billion, or
Daily Update, Earnings, Google
Can Google Do It Again?
Google (GOOG, $535.60, up $19.51) reports 2Q earnings today after the market closes and it will be interesting once again
Daily Update, Market Analysis
Market Rallies as Financial Sector Soars
Wells Fargo (WFC, $27.23, up $6.72). Many of the financial stocks that have been getting trounced came back strong as
Daily Update, Earnings
eBay's Earnings on Deck
eBay (EBAY, $27.90, up $1.01) is set to report earnings after the market closes today and is trading higher as
Daily Update, Earnings
Wells Fargo Wallops Wall Street
Wells Fargo (WFC, $25.01, up $4.51) is having a huge day after reporting earnings of $1.75 billion, or $0.53 a
Daily Update, Earnings
Intel Post Strong Earnings
Intel (INTC, $20.71, up $0.24) reported a stellar quarter after the bell as its 2Q profits soared 25%. The company
Company Commentary, Daily Update, Sectors
News Flash: Bernanke Set to Speak
We’re moments away from testimony from Federal Reserve Chairman Ben Bernanke who will speak before the Senate Banking Committee any
Daily Update, Earnings
Tuesday's Earnings Watch
Intel (INTC, $20.47, down $0.17) is expected to post earnings of $0.26 a share on revenue of $9.3 billion. This
Market Analysis, Company Commentary, Daily Update
Why You Never Buy at the Open
Regular readers of the blog know that I always try and wait to buy options at least 30 minutes after
Daily Update, Company Commentary
It's Official: Anheuser-Busch Agrees to Merger
Anheuser-Busch (BUD, $67.50, up $1.00) said “yes” to InBev’s $52 billion takeover bid in a deal that will create the
Daily Update, Sectors, Company Commentary
Financial Stocks Get Lift
Over the weekend, the Federal Reserve and the Treasury Department announced a plan to help hurting mortgage giants Fannie Mae
Daily Update, Market Analysis
Market Falling, Can't Get Up
The market got a one-two punch from Fannie Mae (FNM, $10.25, down $2.95) and Freddie Mac (FRE, $7.75, down $0.25)
Daily Update, Market Analysis, Company Commentary, Stock Earnings
Breaking News: Dow Slips Below 11,000
The Dow has just traded below 11,000 for the first time in two years as it is down 235 points
Daily Update, Company Commentary
Fannie and Freddie Spell T-I-M-B-E-R!
When there’s smoke that usually means fire and that was my theme for Fannie Mae (FNM, $7.39, down $5.81) and
Daily Update, Company Commentary
InBev Raises Offer for Anheuser-Busch
It looks like InBev and Anheuser-Busch (BUD, $65.73, up $4.52) have begun negotiations for a friendly merger after InBev reportedly
Daily Update, Company Commentary
Fannie and Freddie Spell F-I-R-E!
Fannie Mae (FNM, $13.49, down $1.82) and Freddie Mac (FRE, $7.64, down $2.59) are having a tough week as concerns
Daily Update, Company Commentary
Cisco Systems Hits 52-Week Low
One of the biggest names in technology, Cisco Systems (CSCO, $21.65, down $1.23), took out its 52-week low today after
Company Commentary, Daily Update
Rambus on the Move
Shares of Rambus (RMBS, $17.67, up $1.17) have been volatile lately. The stock is up 7% today, following yesterday’s 9%
Daily Update, Earnings
Earnings for the Week
Earnings season just got started so we should get a good look at how well or not so well companies
Daily Update, Earnings
Alcoa Beats Estimates
Alcoa (AA, $32.33, down $1.06) reported better-than-expected earnings after the bell, lifting its stock higher in after-hours trading. The company
Daily Update, Sectors
Watch List: Railroad Stocks
Railroad stocks are doing well today despite a recent downtrend. The industry is one of the few non-energy businesses that
Daily Update, Yahoo / Microsoft
Yahoo's Options
Yahoo (YHOO, $23.91, up $2.56) put in another big day as talks with Microsoft (MSFT, $26.03, up $0.05) heated up
Company Commentary, Daily Update
Merrill Lynch Selling Assets
Merrill Lynch (MER, $30.12, down $1.00) started the morning in positive territory but is now down over 3% as we
Daily Update, Commodities
Alcoa Kicks-Off Earnings Season
Earnings will hit Wall Street starting this week and Dow component Alcoa (AA, $32.78, up $0.67) will officially start things
Market Analysis, Company Commentary, Daily Update
Market Lower, GM Puts Soar, Chipotle Breaks Down
After spending the morning in positive territory, the market faded yesterday as oil climbed to a new high of $144
Daily Update, Company Commentary
GM's Wild Ride/ Merrill Update
General Motors (GM, $10.50, down $1.25) has been insane over the past 24 hours. Tuesday, the stock ended the session
Daily Update, Sectors
Watch List: Telecom Stocks
AT&T (T, $33.30, down $0.39). It’s hard to like a stock when it just set a new 52-week low but
Company Commentary, Daily Update
FedEx, UPS Update
A week ago I gave an update on FedEx’s (FDX, $75.01, down $3.78) after United Parcel Service (UPS, $59.73, down
Daily Update, Commodities
Gold Keeps On Shining
Barrick Gold (ABX, $46.24, up $0.74), was $45.44. Hit a high of $47.00 this morning. The July 45 calls (ABXGI,
Daily Update, Market Analysis
Mid-Morning Update
After a triple-digit loss to start the session, the Dow has turned positive. The market is bouncing off their lows
Daily Update, Market Analysis
Morning Outlook
Futures are pointing towards a lower opening this morning despite some good news here and there. Of course, oil is
Daily Update, Earnings
Constellation Brands Earnings Announcement
Constellation Brands (STZ, $19.80, up $0.14) is set to report 1Q earnings Tuesday before the opening bell. Alcoholic beverage stocks
Daily Update, Company Commentary
Ford Continues Lower
As we head to lunch, the market is slightly higher but not by much. Meanwhile, Ford Motor (F, $4.80, down
Daily Update, Market Analysis
The New "Four Horsemen"
I had a feeling I would be talking about a lower market in the “weekly wrap-up” and my gut feeling
Daily Update, Commodities
Watch List: Gold Stocks
Gold stocks are making a run today as oil continues higher while the market heads lower. The Dow (11,316, down
Daily Update, Company Commentary
Bud Rejects InBev
Anheuser-Busch (BUD, $62.54, up $1.19) is rejecting InBev’s $46 billion bid and gave a forecast of higher 2008 and 2009
Daily Update, Company Commentary
Research In Motion Update
Research In Motion (RIMM, $123.46, down $18.88) got one yesterday, falling 13%, after the market digested its earnings report. The
Daily Update, Market Analysis
Straw and Camel
It was a nasty day for the market as all three major indexes took a major blow by falling an
Company Commentary, Daily Update
General Motors Gets Sacked, Ford Puts Double
General Motors (GM, $11.46, down $1.35) is at a 50-year low. Yes, that’s right, GM is at multi-decade lows after
Daily Update, Earnings
RIMM Tumbles On Outlook
It’s hard to please Wall Street. In a much anticipated earnings announcement, Research In Motion (RIMM, $142.34, up $1.86) failed
Daily Update, Earnings
RIMM On Deck
Research In Motion (RIMM, $139.00, down $1.48) is trading slightly lower ahead of its 1Q earnings release after the bell
Daily Update, Company Commentary
What's Wrong With General Electric?
Shares of General Electric (GE, $27.59, up $0.19) hit a 52-week low yesterday before rebounding to close in positive territory.
Company Commentary, Daily Update
Cooper Tire Going Flat
Cooper Tire & Rubber (CTB, $7.92, down $0.37) delivered more bad news on Tuesday. The company said it is cutting
Daily Update, Yahoo / Microsoft, Company Commentary
Breaking News: Microsoft/ Yahoo Talks Back On
1:10PM EST It looks like Microsoft (MSFT, $27.82, down $0.15) and Yahoo (YHOO, $22.43, up $0.98) are crying “wolf” again.
Daily Update
Reliance Steel Keeping Busy
Reliance Steel & Aluminum (RS, $75.10, up $1.62) is trading higher after boosting its 2Q guidance by 35% citing “larger
Daily Update, Company Commentary
UPS Warns
United Parcel Service (UPS, $63.48, down $2.78) came out this morning and said that 2Q earnings would be below expectations
Daily Update, Market Analysis
Market Headed Lower
The futures are pointing to a lower opening this morning. There are a lot of stories making the rounds today,
Daily Update
First Solar Powers Higher
First Solar (FSLR, $288.00, up $19.78) made a nice move today after an analyst raised the stock’s price target to
Daily Update, Company Commentary
Research in Motion Gets Price Upgrade
Research in Motion (RIMM, $144.28, down $0.28) is trading lower as we head to lunch despite an analyst raising his
Company Commentary, Daily Update
S&P Cuts Automakers
Standard & Poor’s Ratings Services lowered its corporate credit ratings for three U.S. automakers today. Chrysler, Ford Motor (F, $5.37,
Daily Update, Company Commentary
Ford Delays F-150
Ford Motor (F, $5.88, down $0.44) said it will delay the launch of the new F-150 pickup and will cut
Daily Update, Company Commentary
Merrill Lynch Dispels Rumors
Merrill Lynch (MER, $36.46, down $1.23) is under heavy selling pressure amid rumors of an impending profit-warning and further write-downs.
Daily Update, Company Commentary
Anheuser-Busch's Next Move
Anheuser-Busch (BUD, $61.18, up $0.13) is expected to have its board meeting within the next day or two to discuss
Daily Update, Earnings, Company Commentary
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,”
Daily Update, Market Analysis
Rumblings and Grumblings
***Coal has been on quite a roll lately and you may have noticed that many of the stocks on our
Daily Update, Earnings
CarMax Crushed
If you had been “thinking outside the box” you would have seen this one coming. CarMax (KMX, $15.97, down $2.37)
Daily Update, Company Commentary
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
Earnings, Company Commentary, Daily Update
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
Daily Update, Sectors
Coal Stocks End Mixed
Coal stocks were mixed today as some traded higher while others suffered modest losses. A couple of weeks ago I
Daily Update, Company Commentary
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
Company Commentary, Daily Update
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
Daily Update, Company Commentary
Harley-Davidson's LEAP of Faith
Shares of Harley-Davidson (HOG, $38.93, up $0.84) have been in a downtrend for 18 long months as the stock has
Google, Yahoo / Microsoft, Daily Update
Microsoft/ Yahoo Update
Friday the 13th has been lucky for some, unlucky for others so far. Microsoft (MSFT, $29.32, up $1.08) and Google
Daily Update, Company Commentary
Lehman Boots Top Brass
In an attempt to stop the bleeding at Lehman Brothers Holdings (LEH, $22.70, down $1.05), the company cut ties with
Daily Update, Company Commentary
Dude! InBev Makes Offer
InBev announced an unsolicited $46 billion bid for Anheuser-Busch (BUD, $62.70, up $4.35) after the market closed on Wednesday pushing
Daily Update
Potash Not Done Peaking
Potash (POT, $227.05, up $6.49) is trading higher this morning after saying they “have a lot of pricing power” and
Earnings, Daily Update
Exide Technologies Rights Ship, Stock Falls
Like Big Brown going for the Triple Crown, Exide Technologies (XIDE, $17.44, down $0.05) busted out of the gate but
Daily Update, Company Commentary
Apple Falls on iPhone Details
The weakness in Apple (AAPL, $181.61, down $4.03) continued from the opening bell yesterday and actually got worse as the
Daily Update, Company Commentary
Lehman Comes Clean
Lehman Brothers Holdings (LEH, $29.48, down $2.81) confessed to the market yesterday about what the company’s plans were for raising
Daily Update, Company Commentary
McDonald's Is "Lovin' It"
McDonald’s (MCD, $59.20, up $2.25) is trading up 4% today after reporting world-wide sales for May were up nearly 8%
Daily Update, Company Commentary
Apple In Focus
The wait is over. Today, Apple (AAPL, $185.64, down $3.79) will hold its annual developers’ conference which is always an
Daily Update, Sectors
Trading An Index
I received quite a few emails over the weekend asking how to buy index options. Below is a brief introduction
Market Analysis, Oil, Daily Update
Dow Falls 400 Points
It was an ugly day for the market as the Dow officially fell 394 points to close at 12,209. Oil
Daily Update
Potash Pops Higher
Potash (POT, $217.56, up $9.18) is another stock making a 52-week high today. I profiled this company back in mid-April
Daily Update
Wal-Mart Rocks on May Sales
Wal-Mart Stores (WMT, $59.77, up $2.09) is hitting 52-week highs today after reporting same-store sales were up 3.9% (not including