-
Stock Market News for April 28, 2010 - Market News
Wednesday, April 28, 2010 - 9:30am | 648U.S. stocks dropped sharply on Tuesday as fears that a deepening debt crisis in Europe would stall a global economic recovery overshadowed solid earnings reports and Goldman’s testimony on the Hill. The Dow average plunged more than 200 points as Standard & Poor’s downgraded Greece’s credit...
-
A Bull Call Spread and a Synthetic Short Play in Polycom (PLCM) Options
Tuesday, April 27, 2010 - 10:02am | 1671Communications equipment company Polycom (NASDAQ: PLCM) is fresh from a positive earnings surprise; last Wednesday, the company beat per-share earnings estimates by four cents and topped revenue expectations. This report piqued the interest of Fast Money panelist Karen Finerman, who had some...
-
Benzinga’s Top Upgrades (AA, AAI, VIA-B, GMCR, GENZ)
Thursday, April 22, 2010 - 10:11am | 193Alcoa, Inc (NYSE: AA) has been upgraded by HSBC Securities from “underweight” to “neutral.” Shares of AA fell 0.29% to $13.71 at 9:29 am EST. AA’s 52-week trading range is $8.27-$17.56. AirTran Holdings Inc (NYSE: AAI) upgraded to “buy” from “sell” by Argus. Share of AAI slumped by 8.45% to $5.31...
-
Benzinga’s Top Upgrades (AA, AAI, VIA-B, GMCR, GENZ)
Thursday, April 22, 2010 - 10:07am | 193Alcoa, Inc (NYSE: AA) has been upgraded by HSBC Securities from “underweight” to “neutral.” Shares of AA fell 0.29% to $13.71 at 9:29 am EST. AA’s 52-week trading range is $8.27-$17.56. AirTran Holdings Inc (NYSE: AAI) upgraded to “buy” from “sell” by Argus. Share of AAI slumped by 8.45% to $5.31...
-
Put Spread Trading Strategies in Southwest Airlines (LUV)
Wednesday, April 21, 2010 - 1:38pm | 1630Southwest Airlines (NYSE: LUV) spiked higher this week after JP Morgan Chase upgraded its rating on the shares to “overweight” (buy) all the way from “underweight” (sell). The broker noted the discount carrier is “learning the art of price discrimination” and capturing business from its competitors...
-
US Stocks Open Higher On Earnings Beat
Tuesday, April 20, 2010 - 1:12pm | 279US stocks opened higher today, after several companies posted strong earnings. While the Dow Jones Industrial Average gained 30 points, or 0.3%, to 11123, in early trading, the Nasdaq Composite has moved up only 0.4%. Meanwhile, the Standard & Poor's 500 index climbed 0.5%, led by the...
-
U.S. Stocks Respond To Good Earnings Report (BAC, CAT, AA, IBM, KO, JNJ)
Tuesday, April 20, 2010 - 12:02pm | 161U.S. stocks opened higher today. The Dow Jones Industrial Average jumped by 0.3% to 11,123 in early trading. Bank of America (NYSE: BAC) performed well by gaining 2.1%. Other top performers included Caterpillar (NYSE: CAT) and Alcoa (NYSE: AA), which gained 1.8% and 1.4% respectively. The surge was...
-
Why Aren’t Markets Rallying Despite Better-Than-Expected Results?
Monday, April 19, 2010 - 3:45pm | 560According to an article on TheStreet.com, there has been a constant debate among investors on the remaining strength in the bull market. Bears have been citing looming tax hikes, healthcare charges and a recent increase in new jobless claims as reasons for a decline in stocks. However, corporate...
-
Materials Stocks Weak (AA, AKS, X, CF, CENX)
Monday, April 19, 2010 - 11:20am | 112Materials stocks are faring poorly this morning as the dollar gained against the Euro, putting pressure on commodities. Alcoa Inc. (NYSE: AA), AK Steel (NYSE: AKS), U.S. Steel (NYSE: X), CF Industries (NYSE: CF), and Century Aluminum (NASDAQ: CENX) are all lower by 2% or more in mid-morning trading...
-
Puts Purchased on Alcoa
Monday, April 19, 2010 - 11:01am | 108Alcoa (NYSE: AA) has been selling off nearly daily since its lackluster earnings report last week. The trend is continuing this morning with the stock off 2.09% to $13.62 and traders are coming in for protection. The May $13 put has been purchased all morning long with the largest trade being a 4,...
-
Stock Market News for April 16, 2010 - Market News
Friday, April 16, 2010 - 9:30am | 458Stocks advanced for a sixth straight session but the rally was unimpressive as fears of further monetary tightening measures from China and Google’s not-so-sound results dampened enthusiasm. Although Alcoa (NYSE:AA) kicked off the earning season on a disappointing note, giving markets some initial...
-
S&P Raised Alcoa (AA) to Buy From Hold
Thursday, April 15, 2010 - 9:13pm | 144S&P analyst L. Larkin raised Alcoa (NYSE: AA) to a buy from hold, based on the price, on 4/13. Larkin must be thinking like a value portfolio manager because Alcoa missed his earnings estimate in the just announced quarter. “Our opinion change is based on valuation. AA posts Q1 EPS of $0.10...
-
Afternoon Market Update – Morgan Stanley (NYSE:MS), Bank of America (NYSE:BAC), Ford (NYSE:F), Sirius (NASDAQ:SIRI), TD Ameritrade (NASDAQ:AMTD), E*Trade (NASDAQ:ETFC)
Thursday, April 15, 2010 - 12:28pm | 896Morgan Stanley (NYSE:MS) investment firm has announced a prediction for Bank of America (NYSE:BAC), predicting the American megabank’s stock is poised to rise. The price of the stock, according to Morgan Stanley’s note written to clients on Tuesday, is set to increase during the next 45 days after...
-
Afternoon Market Update – Morgan Stanley (NYSE:MS), Bank of America (NYSE:BAC), Ford (NYSE:F), Sirius (NASDAQ:SIRI), TD Ameritrade (NASDAQ:AMTD), E*Trade (NASDAQ:ETFC)
Thursday, April 15, 2010 - 12:28pm | 896Morgan Stanley (NYSE:MS) investment firm has announced a prediction for Bank of America (NYSE:BAC), predicting the American megabank’s stock is poised to rise. The price of the stock, according to Morgan Stanley’s note written to clients on Tuesday, is set to increase during the next 45 days after...
-
Alcoa Bottomed Out?
Wednesday, April 14, 2010 - 2:45pm | 125After squishy earnings two days ago and a small move down yesterday, Alcoa (NYSE: AA) is finding support today. The stock is moving to the upside slightly after beginning the day in negative territory; it is currently trading $14.37. One trader is betting that the aluminum giant will indeed turn...