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QE2 Has Set Sail 10-13-2010
Wednesday, October 13, 2010 - 2:08pm | 903Cusick's Corner The QE2 has now set sail, or at least the markets think so -- what now? Well, cherry picking is tough for fear of a potentially violent change of heart, plus piecing into positions leaves you wondering what if I went all in grabbing the full upside. For stock traders who are going...
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Calls Purchased on The Kroger Co. (KR)
Wednesday, October 13, 2010 - 12:02pm | 144Shares of The Kroger Co. (NYSE: KR) are higher on the session by 1.45%, currently trading at $22.00. The stock has been moving largely higher over the past four months (albeit in a very volatile fashion), off from a recent low near $19.15. Options traders are buying calls on the name today. A...
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Puts Purchased on The Great Atlantic & Pacific Tea Company (GAP)
Wednesday, October 13, 2010 - 10:14am | 164Shares of The Great Atlantic & Pacific Tea Company, Inc. (NYSE: GAP) are lower on the session by 14.80%, currently trading at $3.39. The stock has been moving largely lower over the past six months, off from a recent high near $8.86. Options traders are buying protection on the name today. A...
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NASDAQ Stocks Hitting 52-Week Highs (ACLI, IMKTA, ATSG, BBEP)
Wednesday, October 13, 2010 - 10:07am | 145American Commercial Lines Inc (NASDAQ: ACLI) shares gained 3.59% to create a new 52-week high of $33.20. Analysts at BB&T Capital upgraded ACLI from “hold” to “buy.” Ingles Markets Incorporated (NASDAQ: IMKTA) shares rose 0.81% to touch a new 52-week high of $17.42. IMKTA's PEG ratio is 0.96....
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Casey's to Acquire On The Way Locations
Tuesday, October 12, 2010 - 2:45pm | 84Casey's General Stores, Inc. (Nasdaq: CASY) announces that the Company has entered into an Agreement to purchase up to 19 convenience stores in Illinois owned by Harper Oil Co., Inc. The stores are currently operated under the “On The Way” banner and will be rebranded to Casey's. Harper, which...
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JP Morgan Opens DEG With Neutral
Tuesday, October 12, 2010 - 4:54am | 42Analysts at JP Morgan initiate coverage of Delhaize Group (NYSE: DEG) with a "neutral" rating. DEG's shares lost 0.37% to close at $70.09 yesterday. More Analyst Ratings here
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Tech May Potentially Breakout 10-11-2010
Monday, October 11, 2010 - 5:24pm | 795Cusick's Corner On the Day that we celebrate Columbus sailing the ocean blue and the Canadians celebrated Thanksgiving too, the market sat still all day but there was one interesting play. (I love rhyming.) Technology may be at a potential breakout. XLK, the tech ETF, is at resistance of $23.5,...
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Takeover Chatter Surrounding SUPERVALU INC. (SVU)
Monday, October 11, 2010 - 11:42am | 216Brian Sozzi of Wall Street Strategies notes that there is takeover chatter surrounding SUPERVALU INC. (NYSE: SVU) today. The company has recently initiated some measures to raised operating margins, which would be attractive to a potential buyer. There has been no particular names thrown out as to...
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Is Supervalu Undervalued? (SVU)
Monday, October 11, 2010 - 10:26am | 148Shares of SUPERVALU INC. (NYSE: SVU) are higher on the session by 2.79%, currently trading at $11.80. The stock has been moving largely lower over the past six months, off of a recent high near $17.50, though has bounced off of $10.00 as of late. Options traders are betting that shares could...
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Village Super Market, Inc. Reports Results for the Quarter and Year Ended July 31, 2010
Friday, October 8, 2010 - 7:46am | 346Village Super Market, Inc. (Nasdaq: VLGEA) today reported its results of operations for the fourth quarter and year ended July 31, 2010. Net income was $8,897,000 in the fourth quarter of fiscal 2010, an increase of 33% from the fourth quarter of the prior year. Fiscal 2010 contains 53 weeks, with...
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17 Stocks Selling At A Huge Discount
Thursday, October 7, 2010 - 1:04pm | 201Here's one of your more traditional "Buffett-like" stock screens where I am essentially looking for companies selling well below their book value. With the market being as overbought as it currently is, it would be nice to find those stocks that are still considered under-valued. The stocks below...
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Grupo Aeroportuario del Pacifico Reports Passenger Traffic Increase of 6.2%
Tuesday, October 5, 2010 - 3:17pm | 61Grupo Aeroportuario del Pacifico, S.A.B. de C.V. (NYSE: GAP) announced today preliminary terminal passenger traffic figures for the month of September 2010 compared to traffic figures for September 2009. During September 2010, total terminal passengers increased 6.2% compared to the previous year...
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Market Lacks Conviction 10-04-2010
Monday, October 4, 2010 - 6:05pm | 758Cusick's Corner The market continues to exhibit emotion on both sides, up and down, but there is absolutely no conviction. The VIX 23.53 +1.03 is on the move to the upside but still in that moderate range, which from a strategic perspective, means that a lot of traders are sitting on their...
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NAZ Futures Short Interest 10-04-2010
Monday, October 4, 2010 - 2:40pm | 837Cusick's Corner The market turned south into the midday, probably on the heels of pullbacks from the tech titan AAPL and the fact there is the largest Short Interest on record by the latest Commitment of Traders in the NAZ Futures. This is not the end of the road for the move to the upside, but it...
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New President Appointed at SHOPPERS Food & Pharmacy (SVU)
Monday, October 4, 2010 - 2:15pm | 48SUPERVALU INC.® (NYSE: SVU), parent company of SHOPPERS® Food & Pharmacy, announced today that Tim Lowe has been appointed president of SHOPPERS. Lowe, who recently served as senior vice president of operations for SHOPPERS, will assume his new role on October 11.