9:05am (EST) The market continued its winning ways on Wednesday as the bulls celebrated St. Patrick’s Day with a bang. We mentioned yesterday the Dow was poised to test our near-term target of 10,800 and we almost hit it. We got some good economic news that helped fuel yesterday’s rally. The Labor Department said the ProducerRead more
Nike (NKE) Keeps On Doing It
3Q Earnings Kick-Off Start This Week
Futures Pointing Towards A Lower Open
Nike Call Options Up 200%
Nike Beats Estimates, Stock Up
9:00am (EST) Nike (NKE, $63.90, up $3.81) is up over 6% in pre-market trading after beating Wall Street’s estimates on Tuesday. For the quarter, the company earned $513 million, or $1.04 a share, versus $511 million, or $1.03 a share, in the year-ago period. Analysts were looking for Nike to earn 97 cents aRead more
MomentumOptionsTrading.com Morning Update for 9/29/09
9:15am (EST) Futures are pointing towards a slightly lower open this morning as Wall Street prepares for the latest batch of economic reports today. The Dow rallied more than 120 points yesterday as M&A (merger and acquisition) activity took center stage once again. The rally could be short-lived if today’s economic news is weak. Today,Read more
Earnings: COST, KKD, LULU and a Nike Trade
Costco Wholesale (COST, $53.37, down $0.32) is recovering from its morning low of $50.70 after reporting a 1% gain in same-store sales for the quarter. The company earned $263 million, or $0.60 a share, compared with $262 million, $0.59 a share, a year ago. Revenue came in at $16 billion,Read more