1:30pm (EST) Shares of Groupon (GRPN, $8.23, down $2.05) are down 20% today following the company’s earnings announcement after Thursday’s close. Groupon reported 4Q earnings of $0.04 a share on revenue of $768 million. The suit-and-ties were looking for 2 pennies a share on sales of $718 million. We had
Groupon (GRPN) Beats but Lowers Guidance/ Profit Alert (HRB)!!!
Bulls Stall at Resistance
9:00am (EST) We mentioned Monday could be flat as Wall Street waffled on what Fed Chair Janet Yellen might say today. To no surprise, the indexes finished right at the resistance targets we outlined and bets will be made today on where the market heads from here. (continued…) **************** Our
Watch These Numbers
9:00am (EST) The bulls rebounded on Tuesday to nearly get back to even for the first five days of trading in January and today’s action will be decide who the winner is between the bulls and bears. The Dow needs to clear 16,576; the S&P 500 needs to get past
MomentumOptionsTrading.com Weekly Wrap New Trade/ Profit Alert (EXAS) for 1/7/14
11:55am (EST) The slick talking pros are now saying “it’s a stock picker’s market” but hasn’t it always been? We have a bevy of news today for our Weekly Wrap as we are locking in profits on another winning trade and starting new positions on a stock we really like.
Bullish Retail Season Could Further Rally
12:20pm (EST) It has been a decade or more since we stood in a Black Friday line but count us as one of the crazies that braved the cold last night to get a good deal. Of course, we were on a mission to get Microsoft’s (MSFT, $38.24, up $0.64)
Crash and Burn or All Aboard? New Trade!!!
11:50am (EST) For those of you that have been with us over the years, you know Friday’s are a day where we try to kickback, review what has happened in the market, plan for next week, celebrate profits (one current trade of ours is up 308% as we type) and
Safeway (SWY) Surges on Takeover Chatter/ Profit Alerts (HRB, TQNT, GE)
1:00pm (EST) The bulls have 7 more trading days to pad their gains, or give them back, and with fund managers getting itchy trigger fingers it will be interesting to see if they lock-in gains or let them ride. Most fund managers have to rebalance their portfolios by the end
JC Penney (JCP) Sinks to Single-Digits/ New Trade!!!
12:30pm (EST) Shares of JC Penney (JCP, $10.30, down $1.60) are at 12-year lows following today’s 12% plunge and our subscribers couldn’t be happier. We often remind investors that have never shorted a stock or bought put options that the strategy is no different than buying a stock in hopes
Bears Say Not so Fast
1:05pm (EST) Futures were slightly weak as we hit the rack last night ahead of the European open suggesting a lower open this morning but had recovered ahead of this morning’s Nonfarm Payroll report. Wall Street certainly traded off the headlines as the Unemployment Rate dropped to 7.3% from 7.4%
Bulls, Bears and Elephants
12:35pm (EST) We did a ton of homework in August and in paid off big time. While we are totally looking forward to a 3-day weekend, we are sad in a way to see August close as we have had an incredible month. Last Sunday night was an all-nighter as