PM - Philip Morris announced a 3/year $18 billion stock repurchase, shares react with a 1 percent rally in the pre on Trademonster extended hours platform. This makes this FANTASTIC covered writing stock and even better bet over the next 3 years.
SMG - Scotts Miracle Grow will need a miracle to avoid closing at a fresh 52-week low after lowering guidance, saying sales in June fell short of expectations. Shares of SMG trading below $36 in the pre, a level not seen since June of 2009! The $34.50 - $35 area looks like a must hold and if it does, certainly seems like a great area for accumulation.
JPM -CEO Jamie Dimon will testify on Capitol Hill today, and say the London trading loss was 'isolated event'. Shares rallied 3 percent yesterday ahead of his testimony.
CHK - Reports that Aubrey McClendon will retain powers he had when he was Chairman are helping shares of Chesapeak Energy fall another 1 percent in the pre to $17.29 after briefly touching $18 yesterday.
DELL - Announced an 8 cent per share quarterly dividend, shares pop 3 percent in the pre.
PRU - Announces $1 bln share buyback, I see a mild positive reaction in the pre.
You can obtain information on our July 26 & 27 Invest Like a Monster by following this link:
