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Monthly Archives: July 2008

Biotechs Jump On IMCL: SPX, Nasdaq, BMY, IMCL, CELG, OSIP, SVNT, ACOR, THOR, CNX, FSLR

Today, the market was pretty much all about the biotechs! This morning, BMY announced its intention to buy IMCL for $60/share. The news inspired a jump in the whole biotech sector. BMY shares traded down 1.81% and IMCL shares jumped +37.66%! CELG added +1.85%; OSIP hopped +5.34%; SVNT advanced +2.78%; and ACOR garnered +2.98%. After [...]

Premarket Analysis for 7/31- Upgrades/Downgrades, Gappers, Actionable Calls

Submitted By Optiondragon From Briefing.com Periodicals Wrap-Up for Thursday, July 31st WALL STREET JOURNAL: According to people briefed on the discussions, the Wall Street Journal reported that Google (GOOG) is in discussions to start a venture-capital arm that will be led by David Drummond, senior vice president of corporate development and chief legal officer. Additionally,Google [...]

Commodity Sectors Join The Rally: SPX, Nasdaq, HES, CLR, CHK, NOV, RIG, FSLR, V, CF, MOS, POT

The market was strong today with commodity-related sectors joining the rally. USO (oil) jumped +4.17%, while UNG (natural gas) went up +2.02% Crude traded up more than $4 as a surprise drop in the U.S. oil supply was reported. XLE (energy) led the rally today, flying up almost +6%! Here are some of the leaders [...]

Premarket Analysis for 7/30- Upgrades/Downgrades, Gappers, Actionable Calls

Submitted By Optiondragon From Briefing.com Periodicals Wrap-Up for Wednesday, July 30th WALL STREET JOURNAL: During a conference call with analysts, the Wall Street Journal reported that EarthLink (ELNK) CEO Rolla Huff indicated the company is open to doing a deal with Time Warner’s (TWX) AOL unit after commenting that the company wants to open the [...]

Market U-turns Back Onto Recovery: SPX, Nasdaq, BAC, MA, V, PNC, BLK, ALXN, X, BIDU, QCOM

The market did a total U-turn today from yesterday’s close and gain back more than it lost yesterday! This weekend, in my Market Forecast, I said, “For the new week, the market should continue to look for confidence in the financials. We need to see the financials continue with their recovery process. Oils and the [...]

Premarket Analysis for 7/29- Upgrades/Downgrades, Gappers, Actionable Calls

Submitted By Optiondragon From Briefing.com Periodicals Wrap-Up for Tuesday, July 29th WALL STREET JOURNAL: Starbucks (SBUX) said it will close over two-thirds of its 84 stores in Australia, the most severe of its foreign restructuring plans, the Wall Street Journal reported…The Wall Street Journal also reported that beginning August 1 GMAC LLC (GMA), the biggest [...]

Financials Dive, Market Follows: SPX, Nasdaq, FNM, FRE, MER, GS, MA, BAC, BIDU, QCOM

Well, it is still pretty much all about the financials on the market. Even with the housing bill passed this weekend, the financial sector still could not find any cheering today. XLF fell another 4.7% to close below $20. FNM and FRE opened up in the morning, but, quickly slid into the red, closing down [...]

Premarket Analysis for 7/28- Upgrades/Downgrades, Gappers, Actionable Calls

Submitted By Optiondragon From Briefing.com Periodicals Wrap-Up for Monday, July 28th WALL STREET JOURNAL: The Wall Street Journal reported that Motorola (MOT) is reorganizing its home and networks mobility unit into three distinct units, a move which may make it easier for Motorola to sell some of the businesses in the future…In a victory for [...]

Market Forecast + Sector Watch: SPX, Nasdaq, XLF, USO, XLE, GLD, XME, MOO

Last week, the market was able to rally above the daily MAs before seeing a sharp, profit-taking session on Thursday. On Friday, the market was able to poise itself with minor gains and the techs leading. SPX SPX added +5.22 points to close at 1257.76. It closed pretty much right at the 20-day MA. The [...]

Three Earnings Catalysts To Watch On Monday! (ALXN, HGR, GTI)

Submitted By Optiondragon The Genius Of Picasso Earnings has been in full force for the past couple weeks and the big names have mostly reported but I pride myself on finding relative unknown earnings plays in the second half of earnings season…well I’m about to let the cat outta the bag on three right now. [...]