Apple's stock rallied a little more than 3% today, matching a 2 week high in the stock on the announcement that: Apple® CEO Steve Jobs and a team of Apple executives will kick off the company’s … [Read more...]
NIKE (NKE): 2 Savy Options Traders Looking For A Test Of The March Lows
3:38 pm EDT - May 31, 2011 By Dan
On Friday's Option Action Mike Khouw and Carter Worth laid out a bearish thesis and trade structure in NKE. … [Read more...]
What We’re Reading
8:55 am EDT - May 31, 2011 By CC
Seeking Alpha Today's Markets In Asia, Japan +2.0% to 9694. Hong Kong +2.2% to 23684. China +1.4% to 2744. India +1.5% to 18503. In Europe, at midday, London +1.0%. Paris +1.5%. Frankfurt … [Read more...]
An Artificial Something Or A Real Nothing?
8:50 am EDT - May 31, 2011 By Dan
Bear with me here as this is a bit of a "think piece", but I promise there will be some trade ideas later today! I assume by now that faithful readers of this site don't return multiple times a day … [Read more...]
What We’re Reading
8:54 am EDT - May 27, 2011 By CC
Friday's Economic Calendar (Seeking Alpha) 8:30 Personal Income and Outlays 9:55 Reuters/UofM Consumer Sentiment 10:00 Pending Home Sales 10:30 ECRI Leading Index Notable earnings before … [Read more...]
Economic Data This Week Kind of Stunk…S&P500 Practically Unchanged, What Am I Missing??
8:26 am EDT - May 27, 2011 By Dan
Not a great week for the economy, in my opinion, as most of the data reinforces my belief that we will most definitely see a slowdown in economic activity in the 2nd half of this year, lead by … [Read more...]
Some Housekeeping on Open Trades
1:12 pm EDT - May 26, 2011 By Dan
Some Trades that I am closing: FROM MAY 24th 2011: TRADE: COSTCO (82.30) With stock at lofty levels I agree with my Options Action friends and with the stock a little higher I bought the … [Read more...]
Boy Wonder Vs Boy Plunder…The Fight for MSFT’s Soul…Or What’s Left Of It
9:26 am EDT - May 26, 2011 By Dan
David Einhorn, hedge fund manager and President of Greenlight Capital laid out his dislike for Steve Ballmer's management of MSFT at the Ira Sohn Investment Conference yesterday.....This is likely to … [Read more...]
What We’re Reading
8:43 am EDT - May 26, 2011 By CC
S&P Futures: 1316.5 -0.10 Last Updated: 08:34:55 AM Thursday's Economic Calendar (Seeking Alpha) 8:30 GDP Q1 8:30 Initial Jobless Claims 8:30 Corporate Profits 10:30 … [Read more...]
NetApp (NTAP) Bearish Play With an 8 to 1 Payout Into Tonight’s Print…..Plus Bonus Bearish IBM Structure
1:01 pm EDT - May 25, 2011 By Dan
Update May 25th, 2011 @ 1:34pm: see IBM July Put Spread Below NTAP reports tonight after the close....Options market is implying about a 6% move which is basically inline with the 8 qtr average … [Read more...]
COST Trade Update
10:25 am EDT - May 25, 2011 By Dan
COST reported this morning, which appeared generally fine on the surface....Conference call starts at 11am. From Bloomberg: Net income rose to $324 million, or 73 cents a share, in the quarter, … [Read more...]
What We’re Reading
9:17 am EDT - May 25, 2011 By CC
S&P Futures: 1308.8 -4.7999 Last Updated: 09:10:00 AM Bloomberg (Reuters) - Sales of newly built single-family homes rose for a second straight month in April and … [Read more...]
Costco (COST) stock. Not the best deal in town
1:49 pm EDT - May 24, 2011 By Dan
Costco (COST) reports earnings tomorrow morning, pre-open.... -Implied move in the options market is only about 2.5% which is rich to the ~1% average move over the last 8 quarters..... -stock is … [Read more...]
Are China and Brazil Showing the Way for U.S. Equities? Maybe, but let’s Focus on an EWZ Breakdown first….
10:05 am EDT - May 24, 2011 By Dan
Brazil and China have been tightening monetary policy since mid last year when the U.S. Fed had indicated it would enter into its second stage of quantitative easing in late summer.... Chart … [Read more...]
What We’re Reading
9:07 am EDT - May 24, 2011 By CC
Bespoke The Russell 3,000 is currently up 5% year to date. The average stock in the index is only up 3.61% year to date, so the larger cap stocks are clearly outperforming. Fifty-seven (57%) … [Read more...]
Tech Data (TECD) Earnings Miss – Canary in The Coal Mine for Tech?
6:56 am EDT - May 24, 2011 By Dan
Yesterday TECD, a wholesale technology distributor, disappointed investors with an earnings and revenue shortfall that was largely blamed on weak consumer demand in Europe. The stocks 12% sell-off … [Read more...]
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