1:00pm (EST) The bears are pushing the second wave of support as we head into the second half of trading, the weekend, and October. Futures were flat before the European markets opened and got progressively worse before the opening bell here at home. Earnings and economic news are in focus
RIMM Surprises, Bears Push Second Wave
Research In Motion (RIMM) Reports After the Bell
1:30pm (EST) Finally. It appear the bulls are serious this time on closing above resistance which could gives us one last big push into April. The Dow is up 65 points to 12,150 while the S&P is higher by 8 points to 1,306. The Nasdaq is showing a 29 point
MomentumOptionsTrading.com Weekly Wrap for 12/12/10
3:00pm (EST) 1. Market Summary 2. RIMM’s Bright Earnings Prospects 3. Adobe (ADBE) Looks Undervalued, Ready to Beat Estimates 4. Patriot Coal (PCX) Covered Call Update 5. Special Offer from Momentum Options Trading 6. Week Ahead = = = = = = = = = = = =
RIMM Tops Estimates, Falls Short on Revenue
9:00am (EST) The bears continued their assault on the bulls Thursday following a pattern of late-day sell-offs that has carried the market generally lower all week. Yesterday’s weakness came after the Labor Department reported initial jobless claims declined 19,000 week-over-week to 457,000 which was roughly in-line with the 460,000 that had been expected. The market also
Make Or Break Quarter For RIMM?
1:00pm (EST) Second quarter earnings season is right around the corner, but we get an early present with Research In Motion (RIMM, $58.82, down $0.82) reporting after the close today. The announcement is so important and will offer a sneak peek into how much the smart-phone playing field is leveling.
Bulls Putting Up A Fight
1:00pm (EST) A lot of market pundits were calling for a nasty session before the market opened as futures looked weak after the ADP report. We went over the numbers this morning and the debate is ongoing as to what clues this holds for Friday’s non-farm payrolls number for March. The
An Apple (AAPL) A Day Keeps RIMM Away
9:00am (EST) The bulls are doing overtime as this week’s trading will be shortened to four sessions instead of five as the market is closed on Good Friday. Unlike Smokey and the Bandit, the bulls don’t have a long way to go for Dow 11,000 but they are acting like
RIMM Shares Tank After Earnings Miss
Research in Motion (RIMM, $97.53, up $0.82) reported earnings after the bell and they weren’t pretty. Wall Street was eager to hear the news but punished the stock in after-hours trading when the company missed earnings by a penny. I mentioned on Monday that analysts were looking for revenues of