Options Trading News

November 29, 2012  Thu 7:32 AM CT

Special Dividend Trumps Earnings

Guess issued a weak set of numbers, but the big news was the special dividend. The payout of $1.20 a share will be paid on Dec. 28 to holders of record on Dec. 12.  That's sending GES higher by almost 7 percent before the bell on my tradeMONSTER platform.

Goldman Upgrade Lifts Research In Motion

Research In Motion was upgraded to "buy" from "neutral" by Goldman Sachs, which expects earnings to beat expectations over the next year. The target price was raised to $16 from $9. RIMM, which closed at $11.10 yesterday, is up 13 percent in early trading.

Infoblox Beats on Top, Bottom Lines

Infoblox reported first-quarter earnings of $0.06 a share on revenue of $49.5 million. Analysts had only expected breakeven results and revenue of $46.18 million. The networking-technology company's guidance was also strong, and BLOX is surging 25 percent before the bell.

Tiffany's Cuts Guidance After Weak Quarter

Tiffany's reported third-quarter earnings of $0.49 a share, missing the $0.63 expected by analysts. Revenue of $853 million also lagged the $859 million consensus estimate and guidance was lowered. TIF is down almost 8 percent in the premarket.
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As I stated in last week's article, a break out or a break down needs to have a couple things happen before it is considered a confirmed break out or break down. The only problem is that in today's market where things move much more quicker than they did just a few years ago, two days could wind up being the majority of the expected movement, if not the whole movement.

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