Market News

July 9, 2013  Tue 7:31 AM CT

DaVinci Sales Turning Negative

Intuitive Surgical issued preliminary numbers for the second quarter, and they weren't pretty! Revenue will be just $575 million, well below the $629 million consensus forecast. Management also said sales of its DaVinci surgical systems will decline 6 percent year over year. ISRG drops 14 percent before the opening bell on my tradeMONSTER platform.

Amarin Drops on Plan to Sell Shares

Amarin announced it plans to sell 21.7 million American Depositary Shares, with underwriters having a 30-day option to purchase 3.255 million more. AMRN is down 8 percent on the news in early trading.

WD-40 Earnings, Revenue Beat

WD-40 reported quarterly profit of $0.66 a share on revenue of $93 million. Analysts had only expected $0.56 and $87 million, respectively. WDFC, which also raised full-year guidance, rose 14 percent in the pre-market.

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Using puts to BUY stock

Puts are an options contract that gives buyers the right to sell their stock for a set price on or before a future date. However, puts can also be an effective way to BUY stock.

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