Posts Tagged ‘options trade picks’

Housing Starts Drops Market

1:00pm (EST) The bears took advantage of a weak housing report today and have crashed the earnings party the bulls were ready to have.  The Commerce Department said applications for home building permits, a measure of future construction, fell in September by the largest amount in five months.  Not a good signRead more

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Bulls Ready to Run

9:00am (EST)  MARKET COMMENTARY Futures are pointing towards a higher open this morning after reversing course overnight.  There are a number of companies reporting earnings this morning as the bulk of 3Q reports get underway this week. Hasbro (HAS, $29.52) said it earned $150 million, or $0.99 a share, versus $138 million, or $0.89 aRead more

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Dow Eyes 10,000

Bears Are Growling

1:00pm (EST) If you are a bull today you might as well head back to camp.  The market is taking a beating today as the bears seem to be gaining momentum heading into Friday’s unemployment figures.  The Dow is currently down 140 points to 9,570 and you can blame itRead more

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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

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Homes Sales Data Pulls Market Lower

1:10pm (EST) The market got off to a good start after the Labor Department reported the number of newly laid off workers seeking unemployment benefits fell for a third week in a row. Initial claims for unemployment insurance fell by 21,000 last week to 530,000, which was better than the 550,000 Wall Street had expected. TheRead more

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Futures Pointing Towards Higher Open

8:45am (EST) Futures are steam-rolling higher this morning, pointing towards a nice open as the market tries to rebound from yesterday’s losses.  It looks like the bulls are ready to run once we open but will it be enough to get the Dow to 10,000? Ahead of the bell, Dow futures areRead more

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IPO Market Heating Up

8:55am (EST) There have been 16 IPO’s (initial public offerings) this year but things are picking as a number of companies are striking the iron before it gets really hot.  The Nasdaq and NYSE have each had 8 U.S. IPOs so far this year and companies are looking to take advantageRead more

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