1:05pm (EST) The market opened slightly higher and was showing a little momentum as oil came off its highs of the session. There was news that Libyan President Gadhafi was looking to negotiate a deal with rebel forces for his safe departure from the country but those rumors haven’t beenRead more
Western Digital (WDC) Gets Busy on M&A
Imax (IMAX) Hits 10-Bagger Status
9:00am (EST) We covered a lot of this week’s outlook in our Weekly Wrap last night and the targets from last week are still intact. The bulls are looking for Dow 11,600-11,700; S&P 500 1,275; and Nasdaq 2,700 over the near-term. We start 2011 at 11,577; 1,257; and 2,652, respectively. Read more
M&A News Gives Bulls More Momentum
9:10am (EST) Futures were pointing towards a lower open last night after South Korea ran a few military drills over the weekend. Although North Korea said it would not retaliate after South Korea’s artillery tests, things were touchy but seem to calm down after the North’s willingness to permit United Nations nuclearRead more
MomentumOptionsTrading.com Weekly Wrap for 11/21/10
Caterpillar (CAT) Digging Bucyrus (BUCY)
12:35pm (EST) The bulls have made a slight push higher today despite a mixed bag of economic news and a higher dollar. Merger and Acquisition (M&A) news has also provided some enthusiasm as the market has pushed back above key levels of support. The Commerce Department reported retail sales roseRead more
Genzyme (GENZ) Gets Same Bid
9:05am (EST) Futures are pointing towards a slightly lower open this morning despite another round of M&A news as Wall Street kicks off the start of the week. There are a couple of economic reports due out this morning which could impact trading, pending home sales and factory orders forRead more
M&A Activity Fails To Inspire Bulls
1:00pm (EST) The market is trading lower as we head into the second half of action today despite the flood of merger and acquisition (M&A) news. With the lack of economic news and little in the way or earnings, the bulls seem content on holding recent support levels as they map there next move. Read more
M&A News Doesn't Excite Market
Futures Up on GDP Numbers
9:10am (EST) The market zigzagged for much of Thursday’s session but there was trouble on the 2pm horizon after the Kansas City Fed spoke. Things took a turn for the worse for the bulls after hearing the region’s manufacturing index fell to 0 in August, down substantially from July’s reading of 14. The newsRead more
Futures Up on More M&A Talk
9:00am (EST) Futures are pointing towards a slightly higher open this morning as mergers and acquisitions (M&A) have once again taken center stage. Hewlett-Packard (HPQ, $39.85, down $0.91) has made a $1.5 billion bid for data storage provider 3Par (PAR, $18.04, up $0.01) this morning, just a week after rival DellRead more