11:30pm (EST) 1. Market Summary 2. Wendy’s (WEN) – Ready for a Turnaround? 3. Yelp (YELP) – Are Shares Overpriced? 4. Earnings 5. Weekly Wrap Portfolio Update 6. Week Ahead (To view the charts, please log into the Members Area and go to the Weekly Wrap Premium section) =
MomentumOptionsTrading.com Weekly Wrap for 4/1/12
MomentumOptionsTrading.com Weekly Wrap 3 NEW TRADES for 2/2/12
10:45am (EST) It looks as though we could have 4 trades called-away in a couple of weeks for our Weekly Wrap when the February options expire. Since these are covered calls, we know where shares will be “called-away” at and the gains would be 22%, 20%, 13% and 5%, respectively,
American Express Surprises
American Express (AXP, $25.58, up $1.23) is having a decent morning after reporting earnings that fell year over year but still beat Wall Street’s expectations. After the bell Monday, the company said profits came in at $815 million for the quarter, or $0.74 a share, versus $0.94 a year ago.