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May 1, 2013  Wed 7:32 AM CT

DWA: SEE CHART GET CHAIN FIND STRATEGIES
Profit Surprises the Street

DreamWorks Animation had some bullish call buying last week, and today those trades will be paying off! The movie studio report first-quarter profit of $0.07 a share on revenue of $134.65 million. Analysts had expected a loss of $0.03 on revenue of just $99.35 million. DWA is up 9 percent before the bell on my tradeMONSTER platform.

Top Line Is Weak at Merck

Merck's profit beat consensus, but revenue of $10.67 billion missed the $11.09 billion expected by analysts. Management also sees full-year down by as much as 4 percent. MRK drops almost 5 percent in early trading.

Bankrate Surges on Strong Results

Bankrate reported first-quarter profit of $0.12 a share, versus the $0.09 consensus number. Revenue of $108.4 million also exceeded the $102.6 million expected by analysts. RATE pops 13 percent in the premarket.
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Using spreads to minimize risk

Last week we discussed the risk vs reward profile of a debit call spread in Wells Fargo (WFC). This week we will run thru the risk vs reward of selling a credit put spread to achieve the same exposure of that debit call spread.

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