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Can Crocs Continue Its Quest for New Highs?

On Thursday, the shares of Crocs, Inc. (CROX) shuffled to a new 52-week high for the second time in as many sessions. The equity topped out at $8.47 on an intraday basis, marking its best price since July 2008. But with the stock hovering near a 20-month peak, can the shares continue to climb -- or are they due for a pullback?

If today's drop of more than 2% is any indication, it seems that CROX's positive momentum is cooling. The stock's Relative Strength Index (RSI) stands at 63, not far from overbought territory, so this modest retreat isn't terribly surprising.

Continue reading Can Crocs Continue Its Quest for New Highs?

Lion's Gate Buoyed By Hostile Icahn Bid

LGF logoLions Gate Entertainment (LGF - option chain) shares are rising this morning after activist investor Carl Icahn announced a hostile takeover bid for the company. LGF had rejected his offer to take a larger stake in the company earlier in the week. He had made a tender offer of $6 per share, which he declined to raise this morning. A bid like this will usually create a floor for a stock's price, which can make an options trade with a bullish stance safer. If you think that the stock won't fall by too much in the coming months, then now could be a good time to look at a bullish hedged trade on LGF.

LGF opened this morning at $6.24. So far today the stock has hit a low of $5.86 and a high of $6.32. As of 12:15, LGF is trading at $60.01 up 0.04 (0.7%). The chart for LGF looks bullish.

Continue reading Lion's Gate Buoyed By Hostile Icahn Bid

FedEx Q2 Earnings Beat Estimates

FedEx (FDX - option chain) shares are rising slightly today after the company reported Q3 2010 earnings this morning before the market open. EPS of 0.76 beat analyst estimates of 0.72, plus the company provided an improved outlook, lifting its full-year earnings forecast. If you think that the stock won't fall by too much in the coming months, then now could be a good time to look at a bullish hedged trade on FDX.

FDX opened this morning at $87.85. So far today the stock has hit a low of $87.00 and a high of $90.39. As of 11:55, FDX is trading at $90.36 up 0.49 (0.6%). The chart for FDX looks bullish and S&P gives AGN its highest 5 STARS (out of 5) strong buy ranking.

Continue reading FedEx Q2 Earnings Beat Estimates

What's in Store for SunPower After Earnings?

After the closing bell, SunPower Corporation (SPWRA) will take the spotlight to reveal its fourth-quarter earnings. Analysts surveyed by Thomson Reuters are expecting the solar concern to report net income of 49 cents per share, down from its year-ago profit of 70 cents per share. Sales for the period are expected to arrive at $491 million.

SunPower has a solid history in the earnings spotlight, having exceeded Wall Street's consensus expectations in three of the past four reporting periods. Judging by a recent uptick in call buying, some traders appear to be anticipating another upside surprise.

Continue reading What's in Store for SunPower After Earnings?

Technical Analyst Sees Oil Rallying to $88 per Barrel

Gordon Manning, technical analyst at National Australia Bank Ltd, foresees oil rallying to $88 per barrel.

Technical traders use support and resistance chart points to plot their trades. Resistance is an upside barrier that must be penetrated for prices to go higher. Support is a base line that must be breached for prices to go lower. Each day trader uses various formulas to calculate support and resistance for that day. Chartists do the same but for longer periods.

If you watched the price action of oil futures you noticed that prices are fluctuating between $80 and $83 per barrel. The first line of resistance then is at $83. If prices moved upward, through $83, then traders will look for the next level of resistance. In this case Manning sees that as the $88 level.

Continue reading Technical Analyst Sees Oil Rallying to $88 per Barrel

TD Ameritrade Gives More-of-the-Same Q2 Outlook

TD Ameritrade (AMTD - option chain) stock is trading lower today after the company said its second-quarter earnings "are shaping up much like" earnings in the first quarter. AMTD also presented trading data that was very much a mixed bag, as trading volumes were down in February compared to January, but total assets were larger. If you think that the stock won't fall by too much in the coming months, then now could be a good time to look at a bullish hedged play on AMTD.

This morning, AMTD opened at $18.50. So far today the stock has hit a high of $19.03 and a low of $18.35. As of 11:45, AMTD is trading at $18.93, up $0.13 (0.7%). The chart for AMTD looks bullish and S&P gives AMTD a positive 4 STARS (out of 5) buy ranking.

Continue reading TD Ameritrade Gives More-of-the-Same Q2 Outlook

Human Genome Sciences Sags on Downbeat Drug Data

Human Genome Sciences (HGSI) slipped into the red right out of the gate Wednesday morning, as traders reacted to the company's latest round of clinical drug data. HGSI said that its experimental lung cancer drug, mapatumumab, was well-tolerated by patients in a study, but the drug fared no better than a placebo in disease response or progression-free survival.

Full results of the study will be presented "at an appropriate scientific meeting later in 2010," according to a company release.

Continue reading Human Genome Sciences Sags on Downbeat Drug Data

Interoil Drops on Well Re-drilling Issue

IOC logoInteroil (IOC - option chain) stock is trading lower today after the company said it will have to redrill part of its Antelope-2 well in Papua New Guinea due to mechanical issues. The company now expects the horizontal extension at Antelope-2 to be completed in late April. Despite crude futres being up more than 2.5% today, IOC is down a good deal on this less-than-stellar news. If you think this stock won't be rising too far in the coming months, then it could be a good time to look at a bearish hedged play on IOC.

This morning, IOC opened at $66.43. So far today the stock has hit a high of $67.80 and a low of $65.00. As of 11:50, IOC is trading at $66.53, down $2.05 (-3.0%). The chart for IOC looks bearish.

Continue reading Interoil Drops on Well Re-drilling Issue

Option Player Strangles Coca-Cola Company

Are shares of The Coca-Cola Company (KO) poised for a technical breakout? One options trader seems to think so -- during the course of Monday's trading, a long strangle was opened on the blue-chip soda stock. In this two-legged spread, the direction of the stock's move doesn't matter -- only its magnitude.

Specifically, a block of 422 April 52.50 puts traded at the ask price of $0.68 around midday Monday. Simultaneously, a matching block of 422 April 55 calls changed hands at the ask price of $0.46. Implied volatility rose with each transaction, and open interest at both strikes rose overnight, confirming that these were newly opened positions.

Continue reading Option Player Strangles Coca-Cola Company

Baidu to Gain from Google's China Search Exit

Baidu.com (BIDU - option chain) shares are rising today on reports that Google (GOOG) advertisers in China have been advised to switch to its rivals, including Baidu and Sohu.com (SOHU). This is on the heels of this weekend's report that Google will shut down its Chinese search engine rather than bow to the countries strict censorship rules. If you think that the stock won't fall by too much in the coming months, then now could be a good time to look at a bullish hedged trade on Baidu.

BIDU opened this morning at $570.48. So far today the stock has hit a low of $563.20 and a high of $628.50. As of 12:35, BIDU is trading at $581.05 up $30.81 (5.6%). The chart for BIDU looks neutral and S&P gives BIDU a neutral 3 STARS (out of 5) hold ranking.

Continue reading Baidu to Gain from Google's China Search Exit

Sirius XM Radio Selling $800M in Notes to Pay Down Debt

Late Friday, Sirius XM Radio (SIRI) expanded the size of its planned senior notes offering from $550 million to $800 million. The sale of senior notes due 2015 was conducted via private placement, with the notes bearing an annual interest rate of 8.75%. Stakeholder Liberty Media (LCAPA) was slated to buy $150 million of the notes.

The offering is intended to provide Sirius the ability to prepay, in full, all of its borrowings under a senior secured term loan that matures in 2012. The satellite radio company will also redeem notes due 2013, and finance the fees and expenses related to the notes offering.

Continue reading Sirius XM Radio Selling $800M in Notes to Pay Down Debt

LG Display Rises On Expectation Of Price Hike

LPL logoLG Display (LPL - option chain) shares are rising on reports that the company may raise prices on some of its LCD panels due to strong demand and tighter supply after the recent earthquake in Taiwan. If you think that the stock won't fall by too much in the coming months, then now could be a good time to look at a bullish hedged trade on LPL.

LPL opened this morning at $15.86. So far today the stock has hit a low of $15.75 and a high of $15.94. As of 11:50, LPL is trading at $15.92 up 39 cents (2.5%). The chart for LPL looks neutral and S&P gives LPL a neutral 3 STARS (out of 5) hold ranking.

Continue reading LG Display Rises On Expectation Of Price Hike

CSX Rises on Encouraging Rail Traffic Data

CSX logoCSX (CSX - option chain) shares are rising today along with most other railroad stocks after RailAmerica (RA) reported that freight carloads on its North American railroads rose 1.4 percent in February compared to February of 2009. If you think that the stock won't fall by too much in the coming months, then now could be a good time to look at a bullish hedged trade on CSX.

CSX opened this morning at $49.63. So far today the stock has hit a low of $49.63 and a high of $50.98. As of 12:05, CSX is trading at $50.48 up 59 cents (1.2%). The chart for CSX looks bullish and S&P gives CSX a positive 4 STARS (out of 5) buy ranking.

Continue reading CSX Rises on Encouraging Rail Traffic Data

E*Trade Financial Hits a Snag in CEO Search

On Wednesday afternoon, interim CEO Robert Druskin confessed that E*Trade Financial (ETFC) is headed back to the drawing board in its search for a permanent new leader. At an investor conference, Druskin explained that the online broker's preferred candidate for the position was no longer in the running. (He didn't identify the erstwhile candidate, but we can safely assume it was not Lindsay Lohan.)

Druskin's announcement yesterday confirmed a recent report in The Wall Street Journal's Deal Blog. In a post published March 2, a trio of reporters explained that "E*Trade directors were concerned that the [top candidate] might become distracted by a pending divorce, according to people with knowledge of the discussions."

Continue reading E*Trade Financial Hits a Snag in CEO Search

Allergan Rises On FDA Botox Approval

AGN logoAllergan (AGN - option chain) shares are rising today after the FDA approved Allergan's drug Botox for treatment of increased muscle stiffness in the elbow, wrist and fingers in adults with upper limb spasticity. If you think that the stock won't fall by too much in the coming months, then now could be a good time to look at a bullish hedged trade on AGN.

AGN opened this morning at $62.60. So far today the stock has hit a low of $61.90 and a high of $62.78. As of 12:00, AGN is trading at $62.42 up $1.07 (1.7%). The chart for AGN looks neutral and S&P gives AGN a neutral 3 STARS (out of 5) hold ranking.

Continue reading Allergan Rises On FDA Botox Approval

Next Page »

Symbol Lookup
IndexesChangePrice
DJIA-37.1910,741.98
NASDAQ-16.872,374.41
S&P 500-5.921,159.90

Last updated: March 21, 2010: 05:25 PM

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