1:35pm (EST) Shares of Best Buy (BBY, $27.20, down $10.37) are down 28% today after the company posted weaker-than-expected holiday sales. There have been a number of analyst upgrades on the rocket ride from a 52-week low of $13-and change to a 52-week peak north of $44 but they areRead more
Best Buy (BBY) Crumbles on Weak Sales, Options Zoom 1,300%
Pot Stock Medbox (MDBX) Up 47% on Marijuana Squeeze/ New Trades!!!
Blue-Chips Get a Facelift/ Profit Alert (QQQ)!!!
12:10pm (EST) Out with the old, in with the new. The Dow Jones Industrial Average is made up of 30 stocks. From time-to-time, stocks are dropped and others added to make up 30 “blue-chips” companies. Today’s announcement in a 3-swap deal kicks Alcoa (AA, $8.07, down $0.02), Bank of AmericaRead more
S&P 500 at 5-Year Highs
October Historically Scary
FedEx Puts Halt on Transports
12:35pm (EST) The market is mixed as we head into the second half of trading. Earnings and economic news have also been mixed with FedEx (FDX, $87.51, down $1.77) disappointing Wall Street on lowered quarterly and 2013 guidance. FedEx matched expectations for the just ended period after reporting a profitRead more
Bulls Riding Crazy Train
9:00am (EST) All Aboard!!! Ha, ha, ha…. We played a classic at the office headquarters this morning to get our day started and there was no introduction needed after the bulls pushed new multi-year and decade highs yesterday. Mario Draghi and the European Central Bank (ECB) said exactly what theRead more
FedEx (FDX) Slips on Lowered Outlook
1:05pm (EST) Shares of FedEx (FDX, $86.49, down $1.05) are trading lower today after the company warned after the bell on Tuesday that if would miss current estimates for the upcoming quarter. FedEx now expects to post a profit of $1.37-$1.43 versus its earlier forecast for $$1.45-$1.60 a share. WallRead more
Market at Support, Bernanke on Deck
Gold and Silver Real Winners in August
12:10pm (EST) It’s been another boring day on Wall Street but an exciting one for our portfolio. As the tight trading range continues, we will have to entertain ourselves with earnings and economic news until Big Ben speaks on Friday. Joy Global (JOY, $50.78, down $2.29) is down 4% afterRead more