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Bank of America CEO Predicts Big Dividends by 2013

BAC logoBank of America (BAC - option chain) shares are rising today after the company's CEO, Brian Moynihan, told attendees at the company's investor day conference that he thinks BAC can earn between $35 and $40 billion a year in pretax earnings when its business normalizes. He also said that by 2013 the bank could be paying up to $12 billion a year in regular dividends. 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 BAC.

BAC opened this morning at $14.27. So far today the stock has hit a low of $14.20 and a high of $14.67. As of 12:40, BAC is trading at $14.63 up 0.60 (4.2%). The chart for BAC looks neutral and S&P gives BAC a neutral 3 STARS (out of 5) hold ranking.

Continue reading Bank of America CEO Predicts Big Dividends by 2013

Ray of Light: U.S. Private Sector Hiring Increases

private sector hiringThis past week's data point of significance for investors has to be the February nonfarm payroll report by the U.S. Department of Labor, which indicated that the U.S. economy created 192,000 jobs last month -- roughly in-line with the consensus estimate.

The good news was complemented by the fact that January's job gain was revised up to 63,000 from 36,000 and December's to 152,000 from 121,000. January's low job tally was probably skewed lower by the winter blizzards and storms that hit the Northeast and Midwest; hence, it's safe to say that the economy is creating jobs. What it needs now is sustained demand to drive GDP growth, which will lead to stronger job growth.

Continue reading Ray of Light: U.S. Private Sector Hiring Increases

Dresser-Rand to Acquire Grupo Guascor

DRC logoDresser-Rand (DRC - option chain) shares are rising today after the company announced it has agreed to acquire diesel and gas engine supplier Grupo Guascor SL in a $690 million cash-and-stock deal. 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 DRC.

Continue reading Dresser-Rand to Acquire Grupo Guascor

Apple Still Fortune's Most Respected Company

Apple (AAPL)Fortune has released its list of the world's 50 most respected companies and once again Apple Inc. (AAPL) tops the list.

This is the fourth year in a row that the Cupertino based company has grabbed the top slot. Apple's respect comes mainly due to the company's ability to release new products at an amazingly quick pace, often updating its main product lines at least once a year.

Continue reading Apple Still Fortune's Most Respected Company

Royal Bank of Canada Surges on Q1 Earnings

RY logoRoyal Bank of Canada (RY - option chain) shares are rising today after the company reported earnings this morning, posting a fiscal-Q1 profit of C$1.839 billion, or C$1.24 per share. Excluding one-time items, RY earned C$1.26 per share, topping analysts' forecasts of C$1.01 per share. 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 RY.

RY opened this morning at $61.32. So far today the stock has hit a low of $60.96 and a high of $62.29. As of 12:10, RY is trading at $61.46 up $2.85 (4.9%). The chart for RY looks bullish and S&P gives RY a positive 4 STARS (out of 5) buy ranking.

Continue reading Royal Bank of Canada Surges on Q1 Earnings

AutoZone Drives Home Great Q2 Results

AutoZone Q2 Earnings ReportAuto parts retailer AutoZone Inc. (AZO) reported its fiscal second quarter results this morning, and the stock is trading up nicely after the company easily beat analyst estimates for the period.

As we noted in our earnings preview yesterday, analysts had been expecting to see the company post earnings of $3.06 per share. AutoZone shattered analyst estimates with reported earnings of $3.34 a share.

Continue reading AutoZone Drives Home Great Q2 Results

Berkshire Hathaway Rises on Buffett's Outlook and Q4 Earnings

BRK.B logoBerkshire Hathaway (BRK.A, BRK.B - option chain) shares are rising today after the company reported earnings over the weekend, posting a fiscal-Q4 profit of $4.38 billion, or 2.66 per share, on revenue of $36.17 billion. Chairman Warren Buffett also updated investors with his highly anticipated annual letter, which predicted "major acquisitions" for the company. 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 BRK.B.

BRK.B opened this morning at $86.46. So far today the stock has hit a low of $85.55 and a high of $86.99. As of 12:10, BRK.B is trading at $86.65 up $1.78 (2.1%). The chart for BRK.B looks bullish and S&P gives BRK-B a 3 STARS (out of 5) Hold ranking.

Continue reading Berkshire Hathaway Rises on Buffett's Outlook and Q4 Earnings

Ray of Light: Fed Sees Adequate U.S. GDP Growth for 2011-2013

Federal ReserveThe most recent datapoint of significance for investors has to be the U.S. Federal Reserve's revised summary of economic projections.

The Fed now sees a stronger U.S. economy in 2011, with the world's largest and most technologically advanced economy expected to grow 3.4% to 3.9%, up from the 3.0% to 3.6% November projection.

The Fed also expects the U.S. economy to grow 3.5% to 4.4% in 2012 and 3.7% to 4.6% in 2013, compared to the November estimates of 3.6% to 4.5% and 3.5% to 4.6%, respectively.

Continue reading Ray of Light: Fed Sees Adequate U.S. GDP Growth for 2011-2013

Boeing Wins $35B USAF Contract

BA logoBoeing (BA - option chain) shares are rising today after the US Air Force announced it has awarded a $35 billion contract to develop and manufacture a new aerial refueler to Boeing. Boeing is expected to deliver the first 18 aircraft by 2017. The total contract includes the supply of 179 refueling tankers. This is a major coup for Boeing, who was expected to lose out on the contract to rival EADS. 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 BA.

BA opened this morning at $73.94. So far today the stock has hit a low of $72.06 and a high of $74.29. As of 12:25, BA is trading at $72.50 up $1.74 (2.5%). The chart for BA looks bullish and S&P gives BA a positive 4 STARS (out of 5) buy ranking.

Continue reading Boeing Wins $35B USAF Contract

Vertex Sees Positive Cystic Fibrosis Drug Results

VRTX logoVertex Pharmaceuticals (VRTX - option chain) shares are rising today after the company reported successful results from a study of its experimental cystic fibrosis treatment VX-770, allowing the company to apply for FDA approval for the drug later this year. 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 VRTX.

VRTX opened this morning at $43.60. So far today the stock has hit a low of $42.71 and a high of $44.68. As of 12:10, VRTX is trading at $43.77 up $5.55 (14.5%). The chart for VRTX looks bullish and S&P gives VRTX a positive 5 STARS (out of 5) strong buy ranking.

Continue reading Vertex Sees Positive Cystic Fibrosis Drug Results

Williams Companies Plans to Split Up, Boost Dividend

Williams (WMB) logoWilliams Companies (WMB - option chain) shares are soaring today to a new two-year high after the company announced fiscal-Q4 earnings this morning, posting an adjusted profit of 44 cents per share, topping analysts' forecast of 27 cents per share. WMB also announced plans to split into two standalone companies. WMB will spin off its exploration and production business in the third quarter. Finally, WMB said it will lift its quarterly dividend to 20 cents per share from 12.5 cents per share beginning in June. 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 WMB.

Continue reading Williams Companies Plans to Split Up, Boost Dividend

Tesla Motors Q4 Loss Comes In Smaller than Expected

TSLA logoTesla Motors (TSLA - option chain) shares are rising today after the company reported earnings last night, posting a fiscal-Q4 loss of $51.36 million, or 54 cents per share. Excluding one-time items, TSLA lost 47 cents per share on revenue of $36.3 million. Analysts had forecast a loss of 50 cents per share on revenue of $34.3 million. Investors are getting excited for this stock because TSLA also said it has received 3,700 orders for its "reasonably-priced" Model S passenger sedan, which will begin delivery in 2012. 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 TSLA.

TSLA opened this morning at $23.10. So far today the stock has hit a low of $23.07 and a high of $24.40. As of 11:55, TSLA is trading at $23.89 up $1.05 (4.6%). The chart for TSLA looks neutral.

Continue reading Tesla Motors Q4 Loss Comes In Smaller than Expected

Home Depot Hiring 60,000 Employees

home depot employeesHome improvement giant Home Depot (HD) announced today that it would be hiring 60,000 seasonal employees nationwide as the company gears up for its busiest season, which is springtime.

Every year the company boosts its employees to deal with its peak season, and makes the hires in February and March to get the new workers ready when springtime rolls around and traffic really picks up at the company's retail stores across the nation.

Continue reading Home Depot Hiring 60,000 Employees

Host Hotels Reports Weak Q1 Earnings

HST logoHost Hotels (HST - option chain) stock is trading lower today after the company reported earnings this morning, posting fiscal-Q4 funds from operations of $177 million, or 26 cents per share, on revenue of $1.49 billion. Analysts had forecast FFO of 27 cents per share on revenue of $1.45 billion. HST also forecast 2011 FFO of 87 to 92 cents per share, compared to analysts' forecasts of 96 cents per share. 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 HST.

This morning, HST opened at $19.10. So far today the stock has hit a high of $19.37 and a low of $18.99. As of 12:15, HST is trading at $19.06, down $0.60 (-3.0%). The chart for HST looks neutral and S&P gives HST a neutral 3 STARS (out of 5) hold ranking.

Continue reading Host Hotels Reports Weak Q1 Earnings

AOL CEO Buys $10M of stock

AOL logoAOL (AOL - option chain) shares are rising today after the release of a regulatory filing showing company CEO and Chairman Tim Armstrong purchased 477,000 shares of the stock on Friday. Armstrong paid $20.97 per share for the stock, which has lost significant value since the announcement that it will pay $315M for internet portal Huffington Post. Armstrong previously purchased another 518,000+ shares back in May of last year at a similar price after the stock dropped in the spring. 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 AOL.

AOL opened this morning at $21.56. So far today the stock has hit a low of $21.55 and a high of $22.34. As of 12:20, AOL is trading at $22.18 up 0.96 (4.5%). The chart for AOL looks bearish.

Continue reading AOL CEO Buys $10M of stock

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Symbol Lookup
IndexesChangePrice
DJIA-73.1112,369.38
NASDAQ-34.902,778.79
S&P 500-9.641,295.22

Last updated: May 21, 2012: 12:44 AM

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