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Fast Money Picks For June 28th (PM, CME, RTP, COV, GS, BAC)
Friday, June 25, 2010 - 5:26pm | 199On CNBC's Fast Money, Patty Edwards suggested that investors should buy Philip Morris International Inc. (NYSE: PM) on Monday. Philip Morris International Inc. (PM) fell 1.14% today. Karen Finerman thinks that Covidien plc (NYSE: COV) is a buy because of the increased demand for medical products....
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Fast Money Picks For June 24th (WBD, ADBE, PM, S)
Wednesday, June 23, 2010 - 6:01pm | 133On CNBC's Fast Money, Tim Seymour said that he wants to buy Wimm-Bill-Dann Foods OJSC (ADR) (NYSE: WBD) on the dip tomorrow. Wimm-Bill-Dann Foods (WBD) fell 4.14% today. Guy Adami likes Adobe Systems Incorporated (NASDAQ: ADBE), and Karen Finerman is a buyer of Philip Morris (NYSE: PM). Adobe (ADBE...
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Waiting on Fed Number 06-23-2010
Wednesday, June 23, 2010 - 2:09pm | 723Cusick’s Corner The market was not happy with the housing data but has retraced the bulk of the pullback into the Midday. Some felt that the action this morning was also flow over from the pullback into the After Hours yesterday, but that pullback was light in volume and buyers are sitting out...
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Top Performing Industries For June 23 (JBL, RUK, KMX, PM)
Wednesday, June 23, 2010 - 11:39am | 223At 11:41 am, the Dow lost 28.79 points, or 0.28%, to 10,264.73, the broader Standard & Poor's 500 index moved down 5.90, or 0.54%, to 1,089.41 and the NASDAQ composite index fell 13.33, or 0.59%, to 2,248.47. The industries that are driving the market today are: Printed Circuit Boards: The top...
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Are Mattel (NYSE:MAT) Shares Headed “To Infinity … and Beyond”?
Wednesday, June 23, 2010 - 7:40am | 1832Tuesday morning, Mattel (NYSE:MAT) was upgraded at Caris & Company to a “buy” rating from an “above average” designation. The firm also adjusted its 12-month price target to $32 from $29 (representing a change of 46% from current levels) and lifted 2010 earnings estimates by nine cents to $1.75...
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Top Yielding American Stock Exchange Stocks
Wednesday, June 23, 2010 - 12:42am | 403The American Stock Exchange, also known as the AMEX, was founded in 1842 as the New York Curb Exchange. It got that name since stock traders and brokers used to stand on the curb and trade stocks back in the early 1800's. On October 1, 2008, NYSE Euronext (NYX) took over the American Stock...
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Goldman Sachs Adds Williams (NYSE:WMB) to “Conviction Buy” List
Monday, June 21, 2010 - 9:52am | 1757Williams Companies (NYSE:WMB) was given a solid vote of confidence on Friday, as Goldman Sachs upped its rating on the natural gas company to “conviction buy” from “buy.” The brokerage said it was placing WMB on its conviction buy list “with 35% total upside to our $28, 12-month target price. An...
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Puts Purchased on Reynolds American (RAI)
Friday, June 18, 2010 - 11:34am | 124Shares of Reynolds American Inc. (NYSE: RAI) are higher on the session by 0.94%, currently trading at $52.99. The stock has been moving largely sideways for the better part of six months. Options traders are picking up some protection for the second day in a row. The July $55 put was purchased 1,...
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Puts Purchased on Reynolds American (RAI)
Thursday, June 17, 2010 - 12:52pm | 131Shares of Reynolds American Inc. (NYSE: RAI) are higher on the session by 0.32%, currently trading at $52.51. The stock has been trading largely sideways for the past nine months and has managed to hold the 200-day moving average when it recently tested it. Nevertheless, puts are being purchased...
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Using Options to Trade Boeing (NYSE:BA) News
Thursday, June 17, 2010 - 12:05pm | 1968Boeing (NYSE:BA) has announced plans to ramp up production of its ever-popular narrow-body 737 jet. BA currently completes 31.5 jets per month and will be aiming to increase that number to 35 by the end of 2012. There seems to be a sense of urgency within Boeing as this is the company’s second...
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From Trading Stocks to Trading Options
Thursday, June 17, 2010 - 9:55am | 2299As everyone knows, most investors continue to use stocks (as opposed to options) for their primary investment tool. Although options volume continues to grow each year, there are still a lot of people who do not understand what all the fuss is about. Well hopefully, I can give you a quick rundown...
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CBOE Shares Coming to Market
Monday, June 14, 2010 - 12:15pm | 1707The Chicago Board Options Exchange, which is right across the street from where I’m sitting as I write this, is bringing their shares to market tomorrow, 11.7 million of them initially under the ticker CBOE. They are looking to raise at least $339 million with Goldman Sachs as the lead underwriter...
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Late Day Short-Covering 06-11-2010
Friday, June 11, 2010 - 5:31pm | 787Cusick’s Corner Today’s report of an unexpected drop in May retail sales was balanced later by an unexpected increase in consumer sentiment. Today’s trading range was relatively tight, volume was light, but all major stock indices closed higher possibly due to some end-of-day short covering. The...
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Texas-Sized Bullishness Seen in Texas Instruments (NYSE:TXN)
Friday, June 11, 2010 - 8:07am | 1673Earlier this week, Texas Instruments (NYSE:TXN) narrowed its second-quarter earnings guidance, lifting the lower end of its range to 60 cents per share from 56 cents. The expected range is now 60 to 64 cents per share, compared to analysts’ estimates of 61 cents. The company’s earnings are...
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Inverted Hammer-time Remix 06-10-2010
Thursday, June 10, 2010 - 5:59pm | 766Cusick’s Corner As I wrote on June 8th, typically the market action of late can generally be described as some small buying on lows, followed by a market recovery and then the market usually just gets pounded at the end of the day. Well, not today. The market actually ended on an upswing. As...