Posts Tagged ‘AutoZone’

Futures Pointing Towards Lower Opening

9:10am (EST) The market struggled with direction yesterday and ended mixed as both the bulls and bears seemed content staying on the sidelines.  There wasn’t a whole lot of news to get either side excited as Ben Bernanke’s speech was the highlight of the day. We had mentioned Big BenRead more

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Fed Watch Today

9:20am (EST) Futures are slightly higher this morning as Wall Street awaits the Federal Reserve’s decision on interest rates.  Dow futures are up 11 to 9,782.  S&P 500 futures are higher by 2 to 1,069 while the Nasdaq 100 futures are up 7 to 1,740. The U.S. central bank is expected to keep interest ratesRead more

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Tuesday Tidbits…Dendreon News Building

12:40pm (EST) Dendreon (DNDN, $29.83, up $0.37) popped over $30 again this morning after an analyst initiated coverage of the biotech company with an “Outperform” rating and a $40 price target… It looks like we left some on the table with First Solar (FSLR, $160.63, up $3.38).  The October 165 callsRead more

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AutoZone Hits Historic Highs

As expected, AutoZone (AZO, $160.00, up $19.97) is trading at new highs after smashing Wall Street’s estimates. For the quarter, the company reported a profit of $116 million, or $2.03 per share, compared with $107 million, or $1.67 per share, versus last year. Revenue grew 8% to $1.45 billion. WallRead more

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Weekly Wrap for 3/1/09

1. Commentary 2. “Covering” General Electric 3. Earnings 4. Closed Trades 5. Current Trades 6. Monday Morning Playbook 7. Closing Thoughts ************************************************** 1. Commentary The market is at a crossroad and after a week that saw the Dow bend but not break, we could get a clear direction this week.Read more

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Trade Updates: AZO, BAC, IBM, SWY

Not much has been happening with AutoZone (AZO, $141.08, down $2.80) since I profiled the stock on Tuesday. The March 160 calls (AZOCL, $1.50, down $1.50) were at $2.30 and the March 130 puts (AZOOF, $3.80, down $0.80) were at $3.90. My initial hopes were that the stock would haveRead more

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AutoZone in the Zone

AutoZone (AZO, $143.60, up $1.72) continues to defy critics as its stock races towards fresh 52-week highs. On Monday, the stock hit a high of $148.50 on a day the Dow tanked 250 points. I know people are holding off buying new cars but is AutoZone’s benefiting that much? WeRead more

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AutoZone Trade Closed, HSBC Update

We are out of the AutoZone (AZO, $129.16, up $0.39) trade. The stock managed to close below $130 and stayed in positive territory for most of the day. Shares hit a high of $131 which triggered our stop of $3.30 for the February 115 puts (AZONC, $3.30, down $0.10). TheRead more

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Trade Updates: AZO, DNA, FDO, ISRG

Genentech (DNA, $87.47, up $1.13) got off to a slow start on Monday but got it going in late afternoon trading. About the time Roche presented at the JPMorgan Healthcare Conference, Wall Street was bracing for some kind of comments concerning the news that Roche is about to make aRead more

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AutoZone Breaks Below $130

We left the AutoZone (AZO, $130.64, down $2.42) trade open over the weekend hoping to get a break below $130 which was achieved 30 minutes into today’s trading session. The stock got a downgrade from “Outperform” to “Market Perform” which has pushed the shares lower. I’m not really sure whatRead more

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CFTC Disclosure:

GOVERNMENT REGULATIONS REQUIRE DISCLOSURE OF THE FACT THAT WHILE THESE METHODS MAY HAVE WORKED IN THE PAST, PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE PERFORMANCE. WHILE THERE IS A POTENTIAL FOR PROFITS THERE IS ALSO A RISK OF LOSS. A LOSS INCURRED IN CONNECTION WITH Momentum Options Trading, LLC CAN BE SIGNIFICANT. YOU SHOULD THEREFORE CAREFULLY CONSIDER WHETHER TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CIRCUMSTANCE. THERE IS SUBSTANTIAL RISK IN TRADING. A LOSS INCURRED IN CONNECTION WITH FUTURES TRADING CAN BE SIGNIFICANT. WE MAKE NO CLAIM REGARDING PAST OR FUTURE PERFORMANCE. WE MERELY TRACK EVERY TRADE AND SHOW THE PERFORMANCE OF ALL TRADES THE SYSTEM OR NEWSLETTER PRODUCES. SIMULATED TRADING IS DIFFERENT THAN TRADING REAL MONEY. HYPOTHETICAL RESULTS ARE NOT REAL RESULTS. PLEASE CONTACT YOUR BROKER ABOUT THE RISK OR TRADING STOCKS, OPTIONS OR FUTURES. ALL COMMUNICATIONS ARE OPINIONS NOT ADVICE.

CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.