BioMarin calls get boost on takeover talk, conference schedule
BMRN | Comment
BioMarin's calls are active amid takeover speculation. The company also is slated to present at two conferences next week.
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Oil service sector stocks rebound on Thursday; Citigroup meetsOil service sector stocks rebounded on Thursday. Keep an eye on Citigroup (C), which has an annual meeting today. Alternative energy stocks like Energy Conversion Devices (ENER) could become increasingly interesting as oil marches higher.
FNM C ENER SLB HAL NOV OIH
Big Thunder correctly calls RH Donnelley, Wal-Mart and AeropostaleoptionMONSTER's new system Big Thunder, still in beta, correctly predicted upside moves in RH Donnelley (RHD), Wal-Mart (WMT) and Aeropostale (ARO). Big Thunder also leaned toward positive Costco (COST) same-store sales and positive Celgene (CELG) results. Both topped estimates but shares slipped as strong expectations were already baked into the stock prices.
COST CELG RHD ARO WMT
BioMarin, Blue Coat Systems see active call buyingKeep an eye on BioMarin (BMRN) and Blue Coat Systems (BCSI) because both saw heavy call buying. BioMarin moved on takeover talk but also is slated to present at two conferences next week. Blue Coat is seeing call buying for the second consecutive week.
BCSI BMRNMay 9, 2008
Building Materials hits new 52-wk low, traders setting up for more downside
BLG | Comment
Building Materials Holding falls to a new 52-week low, but put buyers continue to see more downside. The company is due to report Q1 results before the market opens on Monday.
McDonald's gets kicked around, but the stock may not be ready to go down yet
MCD BKC | Comment
No one seems to be lovin' it right now, but charts say the stock is still in an uptrend.
ECB holds to tight money policy, Euro horses tumble
| Comment
Citigroup takes Teco Energy to a buy. Freightcar America gets upgraded by Jeffries. Novartis upgraded by Bernstein.
What's news?
AXL NVDA SOV C GOOG YHOO AIG | Comment
A summary of today's top stories for traders.
May 8, 2008
Comerica puts active; Eastman Kodak picks up a buyer
CMA EK | Comment
Comerica sees put action, but someone is bullish for Eastman Kodak.
CSX call buying takes aim at 52-week high
CSX | Comment
CSX call buying is pointing to a possible test of its 52-week high.
Barrick Gold October calls bought as stock rises through resistance
ABX | Comment
Barrick Gold further-dated calls are garnering some interest as underlying shares break through some near-term resistance.
GameStop just may be unstoppable
GME WMT BBI BBY TTWO | Comment
GameStop's stock rises, but traders continue to be in disbelief. If shares keep rising, as some technicians expect, bears will likely capitulate and send shares even higher.
Treasury Secretary Paulson says worst is over
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Treasury Secretary Paulson told the AP yesterday that he sees no need for a second stimulus package. Unilever net surges 34 percent. Goldman upgrades General Mills.
What's news?
NWS UL BBY TM ITW CLWR S PZZA | Comment
A summary of today's top stories for traders.
May 7, 2008
Sotheby's sees call buying for second consecutive day
BID | Comment
Sotheby's sees call buying again. Its Impressionist and Modern Art Sale tonight comes after Christie's record prices Tuesday night. Sotheby's also is slated to report Q1 results on Friday morning.
MF rises to resistance on upgrade
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Shares of MF Global gapped up to 15 this morning on today’s upgrade from Lehman.
Ryder puts bought despite new 52-week high
R | Comment
Ryder puts are being purchased despite the stock's strong technical performance and a rosier earnings outlook issued in April. The company is slated to present at a conference in early June, though. Maybe investors are looking for a slight downturn then.
Priceline.com options players stand alone in looking for upside
PCLN EXPE | Comment
Priceline.com's technicals are strong ahead of Q1 results on Thursday, and options players may be among the few believers that shares can go higher.
What's news?
UBS DIS GOOG S CLWR RFMD CSCO AAPL | Comment
A summary of today's top stories for traders.
Grand Theft 4 sales tops estimates
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Take-Two sold 6 million Grand Theft Auto copies. Clearwire and Sprint claim to have lined up Intel, Google, Time Warner Cable and Brighthouse to provide $3.2 billion investment.